Eastern Bankshares posts $217.7 million Q1 net loss on $1.3 billion securities sale
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 24, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.