Eastern Bankshares, Inc.
For the period ended Mar 31, 2026. Filed May 8, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 8, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Consolidated Statements of Changes in Shareholders’ Equity
Three Months Ended March 31, 2026 and 2025
| Shares of Common Stock Outstanding | Common Stock | Additional Paid in Capital | RetainedEarnings | AccumulatedOtherComprehensiveLoss | Unallocated Common Stock Held by ESOP | Total | |
|---|---|---|---|---|---|---|---|
| (In thousands, except share data) | |||||||
| Balance at December 31, 2024 | 213,909,472 | $2,141 | $2,237,494 | $2,084,503 | $(584,329) | $(127,842) | $3,611,967 |
| Dividends to common shareholders (1) | — | — | — | (24,230) | — | — | (24,230) |
| Repurchased common stock | (2,875,530) | (28) | (48,629) | (48,657) | |||
| Restricted share awards cancelled (2) | (10,435) | (2) | (137) | — | — | — | (139) |
| Issuance of common shares under share-based compensation arrangements (3) | 536,670 | 5 | (5,841) | — | — | — | (5,836) |
| Share-based compensation | — | — | 4,752 | — | — | — | 4,752 |
| Net loss | — | — | — | (217,666) | — | — | (217,666) |
| Other comprehensive income, net of tax | — | — | — | — | 260,550 | — | 260,550 |
| ESOP shares committed to be released | — | — | 913 | — | — | 1,280 | 2,193 |
| Balance at March 31, 2025 | 211,560,177 | $2,116 | $2,188,552 | $1,842,607 | $(323,779) | $(126,562) | $3,582,934 |
| Balance at December 31, 2025 | 235,646,558 | $2,356 | $2,621,029 | $2,067,327 | $(227,363) | $(122,796) | $4,340,553 |
| Dividends to common shareholders (1) | — | — | — | (28,926) | — | — | (28,926) |
| Repurchased common stock | (3,883,466) | (39) | (75,466) | — | — | — | (75,505) |
| Restricted share awards cancelled (2) | (5,507) | — | (119) | — | — | — | (119) |
| Issuance of common shares under share-based compensation arrangements (3) | 353,758 | 4 | (3,993) | — | — | — | (3,989) |
| Share-based compensation | — | — | 4,158 | — | — | — | 4,158 |
| Stock options exercised | 180,876 | 2 | 2,419 | — | — | — | 2,421 |
| Net income | — | — | — | 65,262 | — | — | 65,262 |
| Other comprehensive loss, net of tax | — | — | — | — | (20,485) | — | (20,485) |
| ESOP shares committed to be released | — | — | 1,341 | — | — | 1,269 | 2,610 |
| Balance at March 31, 2026 | 232,292,219 | $2,323 | $2,549,369 | $2,103,663 | $(247,848) | $(121,527) | $4,285,980 |
(1)The Company declared quarterly cash dividends of $0.13 and $0.12 per share of common stock during the three months ended March 31, 2026 and 2025, respectively.
(2)Represents restricted stock awards (“RSAs”) cancelled upon vesting for employee payroll tax withholding and upon forfeiture.
(3)Represents shares issued, net of employee tax withheld, upon the vesting of restricted stock units. Refer to Note 9, “Employee Benefits” for additional discussion.
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