---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-043627"
form_type: "8-K"
ticker: "EBC"
cik: "0001810546"
company_name: "Eastern Bankshares, Inc."
filed_at: "2024-10-24T23:59:59+00:00"
generated_at: "2026-05-30T10:36:29.633854+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Eastern Bankshares reports Q3 net loss of $6.2M on merger costs; raises dividend 9% to $0.12

## Summary
- Operating net income of $49.7M ($0.25 diluted EPS); net loss of $6.2M reflects $40.9M initial loan provision and $30.5M merger charges.
- Net interest margin (FTE) rose 33 bps to 2.97%, including 18 bps from Cambridge merger discount accretion.
- Cambridge merger added $3.7B loans, $3.9B deposits; trust and investment fees surged 122% to $14.9M.
- Board declared $0.12 quarterly dividend (payable Dec 16, record Dec 3), a 9% increase from prior quarter.
- Non-performing loans jumped to $124.5M (0.70% of total loans) from $39.8M, driven by acquired PCD loans.

## SEC filing metadata
- accession: 0001628280-24-043627
- form_type: 8-K
- ticker: EBC
- cik: 0001810546
- company_name: Eastern Bankshares, Inc.
- filed_at: 2024-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1810546/000162828024043627/0001628280-24-043627-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1810546/000162828024043627/ebc-20241024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-043627
- JSON: https://secwatch.observer/filing/0001628280-24-043627.json
- Plain text: https://secwatch.observer/filing/0001628280-24-043627.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.