Every material Form 8-K Eastern Bankshares filed with the SEC in 2025, 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 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
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Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Eastern Bankshares filing is on SEC EDGAR ↗. 8-K briefs of other companies →