Last $12.54 USD
Change Today -0.05 / -0.40%
Volume 66.4K
EBSB On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

meridian bancorp inc (EBSB) Snapshot

Open
$12.63
Previous Close
$12.59
Day High
$12.63
Day Low
$12.46
52 Week High
02/6/15 - $12.73
52 Week Low
05/6/14 - $9.73
Market Cap
686.0M
Average Volume 10 Days
99.4K
EPS TTM
$0.41
Shares Outstanding
54.7M
EX-Date
--
P/E TM
30.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for MERIDIAN BANCORP INC (EBSB)

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meridian bancorp inc (EBSB) Details

Meridian Bancorp, Inc. operates as a holding company for East Boston Savings Bank that provides financial services to individuals and businesses primarily in Suffolk, Middlesex, and Essex Counties, Massachusetts. It accepts various deposit products, including non-interest-bearing demand deposits comprising checking accounts; interest-bearing demand accounts, such as NOW and money market accounts; savings accounts; and certificates of deposits, as well as commercial checking accounts. The company also offers loan products consisting of commercial real estate loans, one-to four-family residential loans, multi-family real estate loans, construction loans, commercial business loans, home equity lines of credit, automobile loans, loans secured by passbook or certificate accounts, and overdraft loans. In addition, it provides non-deposit products that include mutual funds, annuities, stocks, and bonds through a third party broker-dealer; and long-term care insurance products. As of December 31, 2013, the company conducted its business through approximately 27 full service offices and 3 loan centers. The company was founded in 1848 and is based in Peabody, Massachusetts.

meridian bancorp inc (EBSB) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $729.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $261.5K
Director and President of Mt. Washington Bank
Total Annual Compensation: $369.8K
Executive Vice President of East Boston Savin...
Total Annual Compensation: $293.8K
Compensation as of Fiscal Year 2013.

meridian bancorp inc (EBSB) Key Developments

Meridian Interstate Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2014

Meridian Interstate Bancorp, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the period, the company reported net income of $6.0 million, or $0.11 per diluted share compared to $4.0 million, or $0.07 per diluted share, for the quarter ended December 31, 2013. The company's return on average assets was 0.75% for the quarter ended December 31, 2014 compared to 0.60% for the quarter ended December 31, 2013. The company's return on average equity was 4.19% for the quarter ended December 31, 2014 compared to 6.49% for the quarter ended December 31, 2013. Net interest income increased $3.6 million, or 17.9%, to $23.6 million for the quarter ended December 31, 2014 from $20.0 million for the quarter ended December 31, 2013. Income before income taxes was $9.099 million against $6.247 million a year ago. Total interest and dividend income was $28.885 million compared to the $25.213 million for the same quarter year ago. For the year ended December 31, 2014, net income was $22.3 million, or $0.42 per diluted share compared to $15.4 million, or $0.29 per diluted share, for the year ended December 31, 2013. For the year ended December 31, 2014, the company's return on average assets was 0.75% compared to 0.62% for the year ended December 31, 2013. For the year ended December 31, 2014, the company's return on average equity was 5.69% compared to 6.39% for the year ended December 31, 2013. Net interest income increased $13.1 million, or 17.4%, to $88.2 million from $75.1 million for the year ended December 31, 2013. The increases in net interest income were due primarily to loan growth along with declines in the cost of funds, partially offset by declines in yields on interest-earning assets and deposit growth for the fourth quarter and year ended December 31, 2014 compared to the same periods in 2013. Income before income taxes was $33.475 million against $23.500 million a year ago. Book value per share was $10.56 against $4.58 a year ago. Tangible book value per share was $10.31 against $4.33 a year ago. Total interest and dividend income was $108.679 million compared to the $95.204 million for the previous year. For the quarter ended December 31, 2014, net charge-offs totaled $100,000 or 0.02% of average loans outstanding.

Meridian Bancorp, Inc. Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended Sep. 30, 2014; Announces Net Charge-Offs

Meridian Bancorp, Inc. reported unaudited consolidated financial results for the third quarter and nine months ended Sep. 30, 2014. The company announced net income of $6.0 million, or $0.11 per diluted share, for the quarter ended September 30, 2014 compared to $5.3 million, or $0.10 per diluted share, for the quarter ended September 30, 2013. The company's return on average equity was 5.02% for the quarter ended September 30, 2014, reflecting proceeds from the company's second step common stock offering completed on July 28, 2014, compared to 8.79% for the quarter ended September 30, 2013. The company's return on average assets was 0.76% for the quarter ended September 30, 2014 compared to 0.83% for the quarter ended September 30, 2013. Net interest income increased $3.6 million, or 19.0%, to $22.7 million for the quarter ended September 30, 2014 from $19.1 million for the quarter ended September 30, 2013. Total interest and dividend income was $27,865,000 against 24,320,000,000 for the same period of last year. Income before income taxes was $9,045,000 against 8,593,000 for the same period of last year. For the nine months ended September 30, 2014, net income was $16.3 million, or $0.30 per diluted share compared to $11.4 million, or $0.21 per diluted share, for the nine months ended September 30, 2013. For the nine months ended September 30, 2014, the company's return on average assets was 0.75% compared to 0.62% for the nine months ended September 30, 2013. For the nine months ended September 30, 2014, the company's return on average equity was 6.57% compared to 6.35% for the nine months ended September 30, 2013. For the nine months ended September 30, 2014, net interest income increased $9.5 million, or 17.3%, to $64.6 million from $55.0 million for the nine months ended September 30, 2013. The increases in net interest income were due primarily to loan growth along with declines in the cost of funds, partially offset by declines in yields on interest-earning assets and deposit growth for the third quarter and nine months ended September 30, 2014 compared to the same periods in 2013. Total interest and dividend income was $79,794,000 against 69,991,000 for the same period of last year. Income before income taxes was $24,376,000 against 17,253,000 for the same period of last year. Net charge-offs totaled $46,000 for the quarter ended September 30, 2014, or less than 0.01% of average loans outstanding.

Meridian Interstate Bancorp, Inc Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2014

Meridian Interstate Bancorp, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company announced net income of $5.5 million, or $0.25 per diluted share compared to $3.0 million, or $0.14 per diluted share, for the quarter ended June 30, 2013. Return on average assets was 0.78% compared to 0.50% for the quarter ended June 30, 2013. Return on average equity was 8.52% compared to 5.03% for the quarter ended June 30, 2013. Net interest income increased $2.9 million, or 15.9%, to $21.2 million for the quarter ended June 30, 2014 from $18.3 million for the quarter ended June 30, 2013. Income before income taxes was $8,299,000 compared to $4,225,000 a year ago. Book value per share was $11.78 compared to $10.74 a year ago. Tangible book value Per share was $11.17 compared to $10.60 a year ago. For the six months ended June 30, 2014, the company’s net income was $10.3 million, or $0.47 per diluted share compared to $6.1 million, or $0.28 per diluted share, for the six months ended June 30, 2013. The Company's return on average assets was 0.74% compared to 0.51% for the six months ended June 30, 2013. Return on average equity was 8.06% compared to 5.12% for the six months ended June 30, 2013. Net interest income increased $5.9 million, or 16.4%, to $41.8 million from $35.9 million for the six months ended June 30, 2013. The increases in net interest income were due primarily to loan growth along with declines in the cost of funds, partially offset by declines in yields on interest-earning assets and deposit growth for the second quarter and six months ended June 30, 2014 compared to the same periods in 2013. Income before income taxes was $15,331,000 compared to $8,660,000 a year ago. Net charge-offs totaled $6,000 for the quarter ended June 30, 2014, or less than 0.01% of average loans outstanding.

 

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EBSB

Industry Average

Valuation EBSB Industry Range
Price/Earnings 30.2x
Price/Sales 6.5x
Price/Book 1.1x
Price/Cash Flow 30.8x
TEV/Sales 2.2x
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