Inactive Instrument

Meridian Bancorp, Inc.

EBSB

US58958U1034

Meridian Bancorp: Q2 Earnings Snapshot

July 23, 2021 at 02:49 am IST

PEABODY, Mass. (AP) _ Meridian Bancorp Inc. (EBSB) on Thursday reported second-quarter net income of $16.5 million.

The Peabody, Massachusetts-based company said it had profit of 32 cents per share.

The holding company for East Boston Savings Bank posted revenue of $58.5 million in the period. Its adjusted revenue was $50.8 million.

Meridian Bancorp shares have risen 26% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.83, an increase of 56% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EBSB at https://www.zacks.com/ap/EBSB

Latest news about Meridian Bancorp, Inc.

Meridian Announces Management Changes	15/21/15	CI
Meridian Bancorp, Inc.(NasdaqGS:EBSB) dropped from S&P TMI Index	15/21/15	CI
Meridian Bancorp, Inc.(NasdaqGS:EBSB) dropped from S&P Global BMI Index	15/21/15	CI
Meridian Bancorp, Inc.(NasdaqGS:EBSB) dropped from NASDAQ Composite Index	12/21/12	CI
Meridian Bancorp, Inc.'s Equity Buyback announced on February 24, 2021, has expired.	12/21/12	CI
Independent Bank Corp. completed the acquisition of Meridian Bancorp, Inc..	12/21/12	CI
Tranche Update on Meridian Bancorp, Inc.'s Equity Buyback Plan announced on February 24, 2021.	10/21/10	CI
Financial Stocks Rally Pre-Bell Monday	08/21/08	MT
Financial	08/21/08	MT
Independent Bank, Meridian Bancorp Expect to Close Merger Nov. 12	06/21/06	MT
Meridian Bancorp : Earnings Flash (EBSB) MERIDIAN BANCORP Posts Q3 EPS $0.36	22/21/22	MT
Meridian Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	22/21/22	CI
Meridian Bancorp : Keeps Quarterly Cash Dividend Stable at $0.10 a Share, Payable Oct. 5 to Shareholders of Record Sept. 21	01/21/01	MT
Meridian Bancorp, Inc. Announces Quarterly Dividend, Payable on October 5, 2021	01/21/01	CI
Insider Trends: Meridian Bancorp Insider Converts Option/Derivative Security Sells Portion to Pay Tax, Buy Trend Intact	14/21/14	MT
Insider Trends: Insider at Meridian Bancorp Acquires Stock Via Conversion of Option/Derivative Security Sells Portion to Pay Tax, Buy Trend Intact	13/21/13	MT
Tranche Update on Meridian Bancorp, Inc.'s Equity Buyback Plan announced on February 24, 2021.	10/21/10	CI
Insider Trends: Meridian Bancorp Insider Reports Option Conversion Extending 90-Day Buying Trend	02/21/02	MT
Meridian Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on July 1, 2021	28/21/28	CI
Tranche Update on Meridian Bancorp, Inc.'s Equity Buyback Plan announced on February 24, 2021.	11/21/11	CI
MERIDIAN BANCORP : Raymond James Downgrades Meridian Bancorp to Market Perform From Strong Buy	26/21/26	MT
Sector Update: Financial Stocks Rebound Strongly to Finish Week	24/21/24	MT
Sector Update: Financial Stocks Helping Lead Friday Markets Advance	23/21/23	MT
Intel : Wall Street Firmer After Tax Scare, Still Headed For Weekly Loss	23/21/23	MT
Sector Update: Financial	23/21/23	MT

Meridian Bancorp, Inc., incorporated on March 6, 2014, is a company, which directs, plans and coordinates East Boston Savings Bank's (the Bank) business activities. The Company operates the Bank, Meridian Interstate Bancorp, Inc. and Meridian Financial Services, Incorporated. The Bank is a Massachusetts-chartered stock savings bank, which conducts its business from 42 full-service locations, one mobile branch and three loan centers in the greater Boston metropolitan area. It offers a variety of deposit and loan products to individuals and businesses located in primary market, including Suffolk, Norfolk, Middlesex and Essex Counties, Massachusetts. It attracts deposits from the general public and use those funds to originate one- to four-family real estate, multi-family and commercial real estate, construction, commercial and industrial, and consumer loans, which it primarily holds for investment. Its lending business also involves the purchase and sale of loan participation interests.

Sector

Banks

More about the company

Sector Other Banks

	1st Jan change	Capi.
JPMORGAN CHASE & CO.	+18.65%	582B
BANK OF AMERICA CORPORATION	+18.44%	313B
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED	+16.23%	251B
WELLS FARGO & COMPANY	+20.56%	209B
CHINA CONSTRUCTION BANK CORPORATION	+20.22%	180B
BANK OF CHINA LIMITED	+25.17%	169B
HSBC HOLDINGS PLC	+9.10%	164B
ROYAL BANK OF CANADA	+10.51%	154B
HDFC BANK LIMITED	-8.02%	140B

Other Banks