T. Rowe Price discloses 5.8% Eastern Bankshares (EBC) ownership

Rhea-AI Filing Summary

T. Rowe Price Investment Management, Inc. filed a Schedule 13G reporting beneficial ownership in Eastern Bankshares, Inc. common stock. It reports beneficial ownership of 13,728,558 shares, representing 5.8% of the common stock outstanding.

The firm has sole voting power over 13,677,814 shares and sole dispositive power over 13,728,558 shares, with no shared voting or dispositive power. The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control, and the filer expressly denies that this constitutes an admission of beneficial ownership.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

EASTERN BANKSHARES INC

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

27627N105

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 27627N105

1

Names of Reporting Persons

T. Rowe Price Investment Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 13,677,814.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 13,728,558.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,728,558.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.8 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: EASTERN BANKSHARES INC
(b)	Address of issuer's principal executive offices: 125 HIGH STREET, STE 901, OLIVER STREET TOWER, BOSTON, MA, 02110
Item 2.
(a)	Name of person filing: T. Rowe Price Investment Management, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 27627N105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 13728558
(b)	Percent of class: 5.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 13677814
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 13728558
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Investment Management, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Investment Management, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	02/17/2026

FAQ

What stake does T. Rowe Price hold in Eastern Bankshares (EBC)?

T. Rowe Price Investment Management, Inc. reports beneficial ownership of 13,728,558 Eastern Bankshares common shares, equal to 5.8% of the class. This reflects a sizable institutional position disclosed on a Schedule 13G as of December 31, 2025.

Does T. Rowe Price have voting control over its EBC shares?

T. Rowe Price reports sole voting power over 13,677,814 Eastern Bankshares shares and no shared voting power. It also holds sole dispositive power over 13,728,558 shares, indicating it alone decides how these shares are voted and disposed.

Is T. Rowe Price seeking to influence control of Eastern Bankshares (EBC)?

The filing states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. It also notes they are not held in connection with any transaction having that control-related purpose or effect.

What type of SEC filing did T. Rowe Price submit for EBC?

T. Rowe Price Investment Management, Inc. submitted a Schedule 13G regarding Eastern Bankshares common stock. Schedule 13G is a beneficial ownership report typically used by institutional investors holding more than five percent without seeking control of the issuer.

When was the ownership position in Eastern Bankshares (EBC) measured?

The ownership information is reported as of the December 31, 2025 event date. That date is used to determine the 13,728,558 shares beneficially owned and the corresponding 5.8% of Eastern Bankshares’ common stock class.

Does T. Rowe Price admit beneficial ownership of the EBC shares?

The filing explicitly states that T. Rowe Price Investment Management, Inc. denies beneficial ownership of the securities for admission purposes. It declares that the filing should not be construed as an admission of beneficial ownership, even though it reports holdings under SEC rules.