Highest-materiality recent filing
Eastern Bankshares Q2 net income $105.2M, EPS $0.48; approves 5% share repurchase
Net income $105.2M ($0.48 diluted EPS); operating net income $106.5M ($0.49 diluted EPS).
Eastern Bankshares shareholders elect six directors, approve say-on-pay and auditor
All six director nominees elected; Luis Borgen received 163.2M votes for, 11.5M against, 8.2M abstain.
Eastern Bankshares Q1 operating EPS $0.40; dividend up 15% to $0.15; buyback $75.1M
Net income $65.3M ($0.29 diluted); operating net income $88.6M ($0.40 diluted) with ROATCE of 12.8%.
Eastern Bankshares Q4 net income $99.5M; completes HarborOne merger, dividend $0.13
Q4 net income $99.5M ($0.46 diluted); operating net income $94.7M ($0.44); ROA 1.36%.
Eastern Bankshares completes HarborOne acquisition; issues 26.9M shares, pays $74.6M cash
Closed HarborOne merger on Nov 1, 2025; holders could elect 0.765 EBC shares or $12 cash per share, subject to allocation.
Eastern Bankshares completes HarborOne acquisition; issues ~26.9M shares, 85% stock consideration
Merger effective Nov 1, 2025; 91.87% of HarborOne shares elected stock, 2.03% cash, 6.10% no election.
Eastern Bankshares completes HarborOne acquisition; issues ~41.4M shares
Acquisition of HarborOne closed Nov 1, 2025; HONE shareholders receive 0.765 EBC shares or $12 cash per share.
Eastern Bankshares completes acquisition of HarborOne; merger effective Nov 1, 2025
Closing occurred Oct 28, 2025; merger effective Nov 1, 2025 under Merger Agreement dated Apr 24, 2025.
Net income of $106.1M ($0.53 diluted EPS) vs Q2 $100.2M; operating net income $74.1M ($0.37).
EBC-HONE merger: election deadline Oct 28, close Nov 1, HONE delists Oct 31
Election deadline for HarborOne shareholders is 5 PM ET Oct 28; consideration: 0.765 EBC shares or $12 cash per HONE share.
Eastern Bankshares and HarborOne receive all regulatory approvals; merger closing November 1, 2025
All required regulatory approvals received for the previously announced merger.
HarborOne shareholders can elect 0.765 Eastern shares, $12.00 cash, or mix per share; allocation targets 75%-85% stock consideration.
Eastern Bankshares mails election forms for HarborOne merger; deadline Oct 28
HarborOne shareholders may elect 0.765 EBC shares, $12 cash, or a mix for each HONE share.
Eastern Bankshares shareholders elect all directors, approve executive pay and auditor
All five director nominees elected with strong majority: Holbrook, Jackson, Markell, Williams, Zelleke each received over 162M votes for.
HarborOne shareholders approve merger with Eastern Bankshares; closing targeted for Q4 2025
HarborOne shareholders voted to approve the merger at a special meeting on August 20, 2025.
Eastern Bankshares Q2 GAAP EPS $0.50, operating EPS $0.41; NIM expands 21bp to 3.59%
GAAP net income $100.2M ($0.50 diluted EPS); operating net income $81.7M ($0.41 diluted EPS).
Eastern Bankshares to acquire HarborOne; shareholders elect 0.765 shares or $12 cash
HarborOne shareholders can elect 0.765 Eastern shares or $12 cash per share, subject to proration between 75%-85% stock consideration.
Net loss of $217.7M ($1.08 per diluted share) includes $269.6M pre-tax loss from $1.3B securities repositioning.
Eastern Bankshares Q4 net income $60.8M ($0.30/diluted); announces $1.2B portfolio repositioning
Net income $60.8M vs. prior-quarter loss of $6.2M; operating EPS $0.34, up from $0.25.
Eastern Bankshares directors Connolly and Spiess resign due to mandatory age limit
Paul M. Connolly and Paul D. Spiess resigned from the Board effective December 31, 2024.
Eastern Bankshares reports Q3 net loss $6.2M, operating net income $49.7M, dividend raised 9%
Net loss of $6.2M ($0.03 diluted EPS); operating net income $49.7M ($0.25 op EPS).
Eastern Bankshares reports Q3 net loss of $6.2M on merger costs; raises dividend 9% to $0.12
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.
Eastern Bankshares files Cambridge Bancorp financials for completed merger
Cambridge Bancorp audited 2023 net income $34.1M, diluted EPS $4.34; total assets $5.42B, net loans $3.98B, deposits $4.32B.
Eastern Bankshares Q2 net income $26.3M; completes Cambridge merger; $200M buyback authorized
Completed merger with Cambridge Bancorp on July 12, adding ~$4.8B AUM/A, 11 branches, and 4 wealth offices.
Eastern Bankshares closes Cambridge Bancorp merger; names R. David Rosato CFO
Merger effective July 12, 2024; each Cambridge share exchanged for 4.956 EBC shares (aggregate ~39.2M shares issued).
Denis K. Sheahan appointed CEO effective upon merger close; Board approved compensation on June 27, 2024.
Leon Palandjian, Cathleen Schmidt, Denis Sheahan, and Andy Zelleke appointed to Eastern Bankshares board effective upon merger closing.
Regulatory approvals received; merger expected to close on or about July 12, 2024.
Eastern Bankshares shareholders elect five directors, approve say-on-pay and auditor
Five director nominees elected: Richard C. Bane, Joseph T. Chung, Paul M. Connolly, Bari A. Harlam, Marisa J. Harney.
Eastern Bankshares Q1 net income $38.6M; CFO to retire; Cambridge merger on track
Q1 net income $38.6M ($0.24 diluted); operating net income $38.1M ($0.23 diluted).
Eastern Bankshares shareholders approve share issuance for Cambridge Bancorp merger
Shareholders voted 121,423,622 in favor, 17,842,916 against, 236,674 abstentions for the Eastern Share Issuance Proposal.
Eastern Bankshares delays merger timeline; no longer expects Q1 2024 regulatory approval
Eastern and Cambridge no longer anticipate all regulatory approvals in Q1 2024 or merger closing in early April 2024.
Eastern Bankshares Q4 net income $318.5M from $515M insurance sale; operating EPS $0.10
Net income $318.5M ($1.95 diluted) includes $294.5M after-tax gain from sale of Eastern Insurance for $515M.
Eastern Bankshares corrects share count error in merger proxy: 176.4M shares outstanding, not 174.5M
Corrected record date shares outstanding from 174,508,659 to 176,426,993; record holders changed from ~7,976 to ~7,960.
Eastern Bankshares recasts 2022 Form 10-K to reflect sold insurance unit as discontinued
Sale of Eastern Insurance Group to Arthur J. Gallagher completed on Oct 31, 2023, as previously disclosed.
Eastern Bankshares files pro forma financials for insurance operations sale to Arthur J. Gallagher
Completed sale of Eastern Insurance Group LLC to Arthur J. Gallagher Risk Management Services on Oct 31, 2023.
Eastern Bankshares completes sale of Eastern Insurance to Gallagher for $511M cash
Transaction closed on Oct 31, 2023; purchase price approximately $511 million in cash, subject to working capital adjustments.
Marisa Harney (former EVP & Chief Credit Officer of First Citizens/CIT) and Linda Williams (Chief Risk & Audit Officer of BCBSMA) appointed to board effective Oct 26, 2023.
Eastern Bankshares Q3 net income $59.1M, EPS $0.36; raises dividend 10% to $0.11
Q3 net income $59.1M ($0.36 diluted) vs $48.7M ($0.30) prior quarter; operating income $52.1M ($0.32).
Cambridge shareholders to receive 4.956 EBC shares per share; transaction expected Q1 2024.
Eastern Bankshares Q2 net income $48.7M, NIM expands 14 bps to 2.80%
Net income $48.7M ($0.30 diluted EPS) vs prior-quarter net loss of $194.1M ($1.20 loss) from repositioning.
Eastern Bankshares shareholders elect four directors and approve say-on-pay at 2023 annual meeting
Elected Luis A. Borgen, Diane S. Hessan, Robert F. Rivers, and Paul D. Spiess as directors for three-year terms ending 2026.
Eastern Bankshares Q1 net loss $194.1M on $280M AFS sale loss; operating EPS $0.38
GAAP net loss $194.1M ($1.20/diluted share) vs. Q4 2022 net income $42.3M ($0.26).
Net income $42.3M ($0.26 diluted) vs $54.8M ($0.33) prior quarter; operating net income $49.9M ($0.31).
Eastern Bankshares estimates $11.6M non-cash pension settlement charge for Q4
Preliminary non-cash settlement charge of $11.6M related to defined benefit plan lump sums exceeding threshold.
Director Greg A. Shell resigns from Eastern Bankshares board effective Dec 2, 2022
Greg A. Shell resigned from the Board and Eastern Bank board effective December 2, 2022.
Eastern Bankshares Q3 net income $54.8M ($0.33 EPS); loan growth 16% annualized
Net income $54.8M, diluted EPS $0.33; operating net income $55.7M ($0.34) – up 49% YoY.
Eastern Bankshares announces new $200M share repurchase program for up to 8.9 million shares
Regulatory non-objection received for new share repurchase program authorizing up to 8.9M shares (≈5% of outstanding).
Eastern Bankshares Q2 net income $51.2M ($0.31 EPS); NIM expands 21 bp
Operating net income $52.5M ($0.32 diluted EPS), up 42% YoY.
Four directors elected: Holbrook (126.6M for), Jackson (124.8M), Markell (125.8M), Shell (127.9M).
Upon and subject to the completion of the Merger, Joseph F. Casey, HarborOne’s President and Chief Executive Officer, and one other current member of the HarborOne board of directors will join the respective Boards of Directors of the Company and Eastern Bank.
Effective December 31, 2024, the Board of Directors (the “Board”) of Eastern Bankshares, Inc. (the “Company”), accepted letters of resignation from Paul M. Connolly and Paul D. Spiess, who resigned from their positions both as members of the Board and as members of the Board of Directors of the Company’s wholly owned subsidiary Eastern Bank in accordance with the mandatory age limitations for members of the Board set forth in the Company’s Corporate Governance Guidelines.
Effective December 31, 2024, the Board of Directors (the “Board”) of Eastern Bankshares, Inc. (the “Company”), accepted letters of resignation from Paul M. Connolly and Paul D. Spiess, who resigned from their positions both as members of the Board and as members of the Board of Directors of the Company’s wholly owned subsidiary Eastern Bank in accordance with the mandatory age limitations for members of the Board set forth in the Company’s Corporate Governance Guidelines.
On July 15, 2024, the Company announced the appointment of R. David Rosato as its Chief Financial Officer. Mr. Rosato is expected to commence his role with the Company effective August 1, 2024.
James B. Fitzgerald, the principal financial officer of the Company, notified the Company’s Chief Executive Officer and the Audit Committee of its Board of Directors on April 24, 2024, that he planned to transition from his roles as Chief Financial Officer, Chief Administrative Officer and Treasurer of the Company effective upon the appointment and commencement of employment of his successor.
appointed each of Leon A. Palandjian, Cathleen A. Schmidt, Denis K. Sheahan, and Andargachew S. Zelleke as directors
Mr. Sheahan, the current Chairman, President, and Chief Executive Officer of Cambridge, additionally will serve as Chief Executive Officer of the Company effective upon and subject to the closing of the Merger.
appointed each of Leon A. Palandjian, Cathleen A. Schmidt, Denis K. Sheahan, and Andargachew S. Zelleke as directors
appointed each of Leon A. Palandjian, Cathleen A. Schmidt, Denis K. Sheahan, and Andargachew S. Zelleke as directors
James B. Fitzgerald, the Company’s principal financial officer, notified the Company’s Chief Executive Officer and the Audit Committee of its Board of Directors on April 24, 2024 that he would be retiring from his roles as Chief Financial Officer, Chief Administrative Officer and Treasurer of the Company and as Chief Financial Officer, Chief Administrative Officer and Vice Chair of Eastern Bank once his successor is identified and appointed Chief Financial Officer and begins employment with Eastern.
On October 26, 2023, the Board of Directors (the “Board”) of Eastern Bankshares, Inc. (the “Company”) appointed Marisa J. Harney and Linda M. Williams as directors of the Company, effective immediately.
On October 26, 2023, the Board of Directors (the “Board”) of Eastern Bankshares, Inc. (the “Company”) appointed Marisa J. Harney and Linda M. Williams as directors of the Company, effective immediately.
Max materiality 0.90 · Median 0.70 · Most common event earnings