Eastern Bankshares Files 8-K on Operations & Financial Condition
Ticker: EBC · Form: 8-K · Filed: Jan 25, 2024 · CIK: 1810546
| Field | Detail |
|---|---|
| Company | Eastern Bankshares, Inc. (EBC) |
| Form Type | 8-K |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.11 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: financial-results, regulation-fd, operations
TL;DR
**EBC just dropped an 8-K with fresh financial results, time to check their numbers!**
AI Summary
Eastern Bankshares, Inc. (EBC) filed an 8-K on January 25, 2024, to report on its results of operations and financial condition, as well as to satisfy Regulation FD disclosure requirements. This filing indicates that the company is providing an update on its financial performance, which is crucial for investors to understand the bank's current health and future prospects. For shareholders, this means new financial data is available that could influence the stock's valuation and their investment decisions.
Why It Matters
This filing provides investors with the latest financial information from Eastern Bankshares, Inc., allowing them to assess the company's performance and make informed investment decisions.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results and operations, not indicating any immediate new risks.
Analyst Insight
Investors should review the detailed financial statements and results of operations that accompany this 8-K to understand Eastern Bankshares, Inc.'s current financial health and performance trends.
Key Players & Entities
- Eastern Bankshares, Inc. (company) — the registrant filing the 8-K
- January 25, 2024 (date) — date of earliest event reported and filing date
- EBC (company) — trading symbol for Eastern Bankshares, Inc.
- Nasdaq Global Select Market (company) — exchange where EBC common stock is registered
FAQ
What is the purpose of this 8-K filing by Eastern Bankshares, Inc.?
The purpose of this 8-K filing by Eastern Bankshares, Inc. is to report on its results of operations and financial condition, and to satisfy Regulation FD disclosure requirements, as indicated by the 'ITEM INFORMATION: Results of Operations and Financial Condition' and 'ITEM INFORMATION: Regulation FD Disclosure' sections.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 25, 2024, as stated in the 'Date of Report (Date of Earliest Event Reported): January 25, 2024' section.
What is the trading symbol and the exchange where Eastern Bankshares, Inc.'s common stock is registered?
Eastern Bankshares, Inc.'s common stock trades under the symbol EBC and is registered on the Nasdaq Global Select Market, as detailed under 'Securities registered pursuant to Section 12(b) of the Act'.
Is Eastern Bankshares, Inc. considered an emerging growth company?
No, Eastern Bankshares, Inc. is not an emerging growth company, as indicated by the unchecked box next to 'Emerging growth company' in the filing.
What is the business address and phone number of Eastern Bankshares, Inc.?
The business address of Eastern Bankshares, Inc. is 265 Franklin Street, Boston, MA 02110, and its telephone number is (800) 327-8376, as listed in the filing's contact information.
Filing Stats: 517 words · 2 min read · ~2 pages · Grade level 10.5 · Accepted 2024-01-25 16:19:54
Key Financial Figures
- $0.11 — of a regular quarterly cash dividend of $0.11 per share payable on March 15, 2024 to
Filing Documents
- ebc-20240125.htm (8-K) — 32KB
- ebc-20231231xq42023earninga.htm (EX-99.1) — 993KB
- 0001628280-24-002241.txt ( ) — 1206KB
- ebc-20240125.xsd (EX-101.SCH) — 2KB
- ebc-20240125_lab.xml (EX-101.LAB) — 24KB
- ebc-20240125_pre.xml (EX-101.PRE) — 12KB
- ebc-20240125_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On January 25, 2024, Eastern Bankshares, Inc., a Massachusetts corporation (the "Company") and the stock holding company for Eastern Bank, issued a press release in which it announced its earnings for the quarter ended December 31, 2023. A copy of the press release is furnished herewith as Exhibit 99.1.
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. In the press release announcing the Company's earnings for the quarter ended December 31, 2023, the Company announced the approval by its Board of Directors of a regular quarterly cash dividend of $0.11 per share payable on March 15, 2024 to shareholders of record on March 1, 2024. In connection with issuing such press release, the Company posted an investor presentation in the "Presentations" section of the Company's investor relations website at investor.easternbank.com on January 25, 2024.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Description 99.1 Press release dated Janu ary 25 , 202 4 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. EASTERN BANKSHARES, INC. DATE: January 25, 2024 By: /s/ James B. Fitzgerald James B. Fitzgerald Chief Financial Officer