Meridian Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015
For the year, the company reported total interest and dividend income of $123.342 million compared to $108.679 million a year ago. Net interest income was $102.891 million compared to $88.166 million a year ago. Income before income taxes was $36.573 million compared to $33.475 million a year ago. Net income was $24.607 million or $0.46 per diluted share compared to $22.327 million or $0.42 per diluted share a year ago. The Company's return on average assets was 0.74% compared to 0.75% for the year ended December 31, 2014. The Company's return on average equity was 4.19%, down from 5.69% for the year ended December 31, 2014.