secwatch.observer — SEC 8-K summary
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Issuer:     Eastern Bankshares, Inc. (EBC)
CIK:        0001810546
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0001628280-25-019715
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eastern Bankshares Q1 net loss $217.7M on portfolio repositioning; operating EPS $0.34, dividend raised 8%
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- Net loss of $217.7M ($1.08 per diluted share) includes $269.6M pre-tax loss from $1.3B securities repositioning.
- Operating net income of $67.5M ($0.34 per diluted share); NIM expanded 33 bps to 3.38%.
- Non-performing loans fell to $91.6M (0.51% of loans) from $135.8M at year-end 2024; CET1 ratio 14.15%.
- Board declared quarterly dividend of $0.13 per share, an 8% increase from prior $0.12; payable June 16 to holders of record June 3.
- Repurchased 2.9M shares for $48.7M during Q1 at average price $16.62.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1810546/000162828025019715/0001628280-25-019715-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1810546/000162828025019715/ebc-20250424.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-019715

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