secwatch.observer — SEC 8-K summary
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Issuer:     Eastern Bankshares, Inc. (EBC)
CIK:        0001810546
Form:       8-K
Filed at:   2025-01-23T23:59:59+00:00
Accession:  0001628280-25-002375
Event type: earnings
Sentiment:  positive
Materiality: 0.76
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eastern Bankshares Q4 net income $60.8M ($0.30/diluted); announces $1.2B portfolio repositioning
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- Net income $60.8M vs. prior-quarter loss of $6.2M; operating EPS $0.34, up from $0.25.
- Net interest margin expanded 8 bps to 3.05%; net interest income $179.2M, up 5%.
- $1.2B investment portfolio repositioning in Q1 2025 expected to add ~$0.13 to 2025 operating EPS; after-tax loss ~$200M.
- Dividend $0.12/share declared; 908,425 shares repurchased in Q4 at avg $17.41.
- Net charge-offs 0.71% of avg loans, primarily from Cambridge PCD loans; NPLs 0.76% of total loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1810546/000162828025002375/0001628280-25-002375-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1810546/000162828025002375/ebc-20250123.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-002375

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