Every material Form 8-K Eastern Bankshares has filed with the SEC since April 25, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Eastern Bankshares reported third-quarter 2026 net income of $111.0 million, or $0.51 per diluted share, up from $0.48 in the second quarter but down from $0.53 a year earlier. Total revenue slipped to $306.6 million from $309.5 million, and the company returned $89.1 million to shareholders through buybacks and dividends, while its board declared a $0.15 quarterly dividend.
Net income $111.0 million, or $0.51 per diluted share, versus $105.2 million, or $0.48, in Q2 2026
Total revenue $306.6 million versus $309.5 million in Q2 2026; net interest margin fell 4 basis points to 3.62%
Non-performing loans fell to $84.8 million, or 0.36% of total loans, from $109.4 million in Q2 2026
Quarterly dividend of $0.15 per share declared, payable December 21, 2026 to holders of record on December 7, 2026
Eastern Bankshares reported second-quarter 2026 net income of $105.2 million, or $0.48 per diluted share, up from $65.3 million, or $0.29 per diluted share, in the first quarter. Operating net income, which excludes items such as merger-related costs, was a record $106.5 million, or $0.49 per diluted share. The Board also approved a share repurchase program of up to 11.35 million shares, or 5% of outstanding common stock, running through December 31, 2027, and a $0.15 quarterly dividend.
Net income $105.2 million, or $0.48 per diluted share, vs. $65.3 million, or $0.29, in the first quarter of 2026
Operating net income of $106.5 million, or $0.49 per diluted share, described as a record
Share repurchase program of up to 11.35 million shares through December 31, 2027; Federal Reserve non-objection received July 16, 2026
Quarterly cash dividend of $0.15 per share, payable September 22, 2026, to holders of record as of September 8, 2026
Eastern Bankshares reported net income of $65.3 million, or $0.29 per diluted share, for the quarter ended March 31, 2026, down from $99.5 million, or $0.46, in the prior quarter. Operating net income, which excludes items management considers non-core, was $88.6 million, or $0.40 per diluted share, and total revenue rose to $288.2 million from $283.5 million. The Board approved a 15% increase in the quarterly dividend to $0.15 per share, and the company repurchased $75.1 million of its stock during the quarter.
Net income was $65.3 million, or $0.29 per diluted share, versus $99.5 million, or $0.46, in the fourth quarter of 2025; operating net income was $88.6 million, or $0.40 per diluted share.
Net interest margin on a fully tax equivalent basis rose 2 basis points to 3.63%, and total revenue rose to $288.2 million from $283.5 million.
Quarterly cash dividend raised to $0.15 per share, a $0.02 increase, payable June 22, 2026 to shareholders of record as of June 5, 2026.
Repurchased 3.9 million shares for $75.1 million; 59% of the current authorization is complete, and the company expects to finish the program around mid-year.
Eastern Bankshares reported fourth quarter 2025 results on January 22, 2026. GAAP net income fell to $99.5 million, or $0.46 per diluted share, from $106.1 million, or $0.53, in the third quarter, while operating net income rose to $94.7 million, or $0.44 per diluted share, from $74.1 million. The quarter includes a partial-quarter impact from the November 1, 2025 HarborOne merger, and the board declared a $0.13 quarterly dividend payable March 20, 2026.
GAAP net income of $99.5 million, or $0.46 per diluted share, versus $106.1 million, or $0.53, in the third quarter of 2025
Operating net income of $94.7 million, or $0.44 per diluted share, up 27.8% from $74.1 million
Non-operating noninterest expense of $33.4 million, including $26.7 million in higher merger-related costs
Quarterly cash dividend of $0.13 per share, payable March 20, 2026, to shareholders of record as of March 6, 2026
Eastern Bankshares reported third quarter 2025 net income of $106.1 million, or $0.53 per diluted share, up from $100.2 million in the prior quarter, though the company said this included a GAAP tax benefit. Operating net income fell 9.3% to $74.1 million, and net interest margin declined to 3.47%, which the company attributed to higher deposit costs and lower discount accretion. The Board also approved a share repurchase of up to 11.9 million shares, about 5% of outstanding stock, and a $0.13 quarterly dividend, while the HarborOne merger is expected to close November 1, 2025.
Net income was $106.1 million, or $0.53 per diluted share, versus $100.2 million, or $0.50, in the second quarter of 2025; operating net income was $74.1 million, or $0.37 per diluted share, versus $81.7 million, or $0.41.
Net interest margin fell 12 basis points to 3.47%, and total revenue was $241.5 million versus $244.9 million in the prior quarter.
The Board approved a repurchase program of up to 11.9 million shares over 12 months, after receiving Federal Reserve non-objection on October 15, 2025.
A quarterly cash dividend of $0.13 per share is payable December 15, 2025 to holders of record on December 3, 2025; the HarborOne merger is expected to close November 1, 2025.
Eastern Bankshares reported second-quarter 2025 net income of $100.2 million, or $0.50 per diluted share, compared with a first-quarter net loss of $217.7 million that included $269.6 million in pre-tax losses from investment portfolio repositioning. Operating net income rose 21% from the prior quarter to $81.7 million, and the board declared a $0.13 quarterly dividend, which shareholders should note for the September payment.
Net income of $100.2 million, or $0.50 per diluted share, versus a net loss of $217.7 million, or $1.08 per share, in the first quarter of 2025
Operating net income of $81.7 million, or $0.41 per diluted share, up from $67.5 million in the first quarter
Net interest margin on a fully tax equivalent basis rose 21 basis points to 3.59%; period-end loans were $18.6 billion
Quarterly cash dividend of $0.13 per share, payable September 15, 2025, to shareholders of record on September 3, 2025
Eastern Bankshares and HarborOne Bancorp signed a merger agreement on April 24, 2025, under which HarborOne will merge into Eastern, with HarborOne holders able to elect Eastern stock or $12.00 cash per share. The companies expect the merger to close in the fourth quarter of 2025, subject to regulatory and HarborOne shareholder approvals, and the filing says no vote of Eastern shareholders is required.
HarborOne holders can elect 0.765 Eastern common shares or $12.00 in cash per share, with stock making up between 75% and 85% of HarborOne shares.
Eastern's press release values the deal at about $490 million, based on its $15.48 closing price on April 23, 2025, assuming 80% stock consideration.
The merger is expected to close in the fourth quarter of 2025, with an option to defer to February 20, 2026 in some cases.
HarborOne directors and executive officers, holding about 3.92% of its common stock, signed voting agreements; HarborOne would pay a $18,900,000 termination fee in certain circumstances.
Eastern Bankshares reported a first quarter 2025 net loss of $217.7 million, or $1.08 per diluted share, driven by $269.6 million in pre-tax losses on securities sales tied to a $1.3 billion investment portfolio repositioning. Operating net income was $67.5 million, or $0.34 per diluted share, roughly flat with the prior quarter, and the board raised the quarterly dividend 8% to $0.13 per share.
Net loss of $217.7 million, or $1.08 per diluted share, versus net income of $60.8 million, or $0.30 per diluted share, in the fourth quarter of 2024.
Operating net income of $67.5 million, or $0.34 per diluted share, compared with $68.2 million in the fourth quarter of 2024.
Pre-tax losses of $269.6 million on sales of available-for-sale securities related to the portfolio repositioning; the company repurchased 2,875,530 shares for $48.7 million.
Quarterly dividend increased 8% to $0.13 per share, payable June 16, 2025 to shareholders of record as of June 3, 2025.
Eastern Bankshares reported fourth-quarter 2024 net income of $60.8 million, or $0.30 per diluted share, compared with a net loss of $6.2 million in the third quarter, and operating net income rose 37% to $68.3 million. The company plans to sell and reinvest about $1.2 billion of low-yielding securities by the middle of the first quarter of 2025, which it expects to produce an after-tax non-operating loss of about $200 million, already reflected in shareholders' equity, and to add about $0.13 to 2025 operating earnings per share. The board also declared a regular quarterly dividend of $0.12 per share.
Q4 2024 net income was $60.8 million, or $0.30 per diluted share, versus a net loss of $6.2 million in Q3 2024.
Operating net income was $68.3 million, or $0.34 per diluted share, up from $49.7 million in Q3 2024.
About $1.2 billion of securities to be sold and reinvested in Q1 2025, with an after-tax non-operating loss of about $200 million already reflected in shareholders' equity; expected to add about $0.13 to 2025 operating EPS.
Quarterly dividend of $0.12 per share, payable March 14, 2025, to shareholders of record on March 3, 2025.
Eastern Bankshares said two directors, Paul M. Connolly and Paul D. Spiess, resigned from the company's board and from the board of its subsidiary Eastern Bank, effective December 31, 2024, under the mandatory age limits in its Corporate Governance Guidelines. The filing says neither expressed any disagreement with the company on its operations, policies, or practices.
Resignations effective December 31, 2024, under mandatory board age limits
Connolly had been an Eastern Bank director since 2011 and served on the Audit and Nominating and Governance Committees
Spiess had been an Eastern Bank director since 2014 and served on the Audit, Compensation and Human Capital Management, and Risk Management Committees
Chair Robert F. Rivers thanked both directors and said they will retire
Eastern Bankshares reported a third-quarter 2024 net loss of $6.2 million, compared with net income of $26.3 million in the second quarter, after a $40.9 million initial provision on non-PCD loans acquired from Cambridge and $30.5 million of merger-related charges. Operating net income rose to $49.7 million, or $0.25 per diluted share, from $0.22, and the Board raised the quarterly cash dividend 9% to $0.12 per share, which matters to shareholders because it reflects both the GAAP loss and the higher core earnings and payout.
Net loss of $6.2 million, or $0.03 per diluted share, versus net income of $26.3 million, or $0.16 per diluted share, in the prior quarter.
Operating net income of $49.7 million, or $0.25 per diluted share, versus $36.5 million, or $0.22, in the prior quarter.
Total revenue of $203.4 million versus $154.0 million, following the Cambridge Bancorp merger completed July 12, 2024.
Quarterly cash dividend of $0.12 per share, up $0.01, payable December 16, 2024 to shareholders of record on December 3, 2024.
Eastern Bankshares reported second quarter 2024 net income of $26.3 million, or $0.16 per diluted share, down from $38.6 million, or $0.24 per diluted share, in the first quarter of 2024. The company also approved a $0.11 quarterly dividend and a share repurchase program of up to $200 million over 12 months, after completing its merger with Cambridge Bancorp on July 12, 2024.
Net income was $26.3 million, or $0.16 per diluted share, versus $38.6 million, or $0.24, in the prior quarter; operating net income was $36.5 million, or $0.22 per diluted share.
Total revenue was $154.0 million, down from $157.6 million in the prior quarter; noninterest expense rose to $109.9 million from $101.2 million.
Board approved a quarterly cash dividend of $0.11 per share, payable September 16, 2024 to holders of record on September 3, 2024.
Share repurchase program covers up to 10.8 million shares (5% of outstanding), capped at $200 million through July 31, 2025; purchases are not expected to begin before early August 2024.
Eastern Bankshares completed its merger with Cambridge Bancorp shortly before midnight on July 12, 2024. Cambridge shareholders will receive about 39.2 million shares of Eastern common stock, which increases the number of shares outstanding. The company also named R. David Rosato as Chief Financial Officer, starting August 1, 2024, succeeding James B. Fitzgerald.
Merger completed July 12, 2024; each Cambridge share converted into 4.956 Eastern shares
Cambridge shareholders to receive an aggregate of approximately 39.2 million Eastern shares
R. David Rosato appointed CFO, expected to start August 1, 2024, with $550,000 annual base salary
James B. Fitzgerald transitions out of CFO role and will serve in an advisory capacity for an interim period
Eastern Bankshares' board appointed four directors from Cambridge Bancorp, effective upon closing of their pending merger, which the press release says is expected on or about July 12, 2024. Denis Sheahan, Cambridge's chairman, president and CEO, will become Eastern's CEO at closing, while Bob Rivers will serve as Executive Chair, so the change sets the post-merger leadership and board.
Appointed directors: Leon A. Palandjian, Cathleen A. Schmidt, Denis K. Sheahan and Andargachew S. Zelleke, effective upon the merger closing
Merger expected to close on or about July 12, 2024; the merger agreement is dated September 19, 2023
Sheahan will become Eastern CEO at closing; Bob Rivers will serve as Executive Chair and Chair of the Eastern Boards
Terms: Zelleke until the 2025 annual meeting; Palandjian and Schmidt until 2026; Sheahan until 2027
Eastern Bankshares reported first-quarter 2024 net income of $38.6 million, or $0.24 per diluted share, on April 25, 2024. Total revenue was $157.6 million, down from $160.0 million in the prior quarter, while per-share profit from continuing operations rose from $0.19. Chief Financial Officer James Fitzgerald will retire once a successor is appointed, and the company has begun a search, which adds a leadership transition for shareholders to track.
Net income $38.6 million, or $0.24 per diluted share; operating EPS $0.23 vs. $0.10 in the prior quarter
Net interest income fell $3.4 million to $129.9 million; noninterest expense fell $19.8 million to $101.2 million
CFO James Fitzgerald notified the company on April 24, 2024 of his retirement; he will stay until a successor is named
Quarterly dividend of $0.11 per share payable June 14, 2024; merger with Cambridge Bancorp approved by shareholders on February 28, 2024, expected to close early in Q3 2024 pending regulatory approvals
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