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Last $12.89 USD
Change Today -0.03 / -0.23%
Volume 251.6K
EBSB On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

meridian bancorp inc (EBSB) Snapshot

Open
$12.85
Previous Close
$12.92
Day High
$13.02
Day Low
$12.79
52 Week High
06/26/15 - $13.66
52 Week Low
10/1/14 - $10.45
Market Cap
708.3M
Average Volume 10 Days
200.7K
EPS TTM
$0.45
Shares Outstanding
54.9M
EX-Date
--
P/E TM
28.6x
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 the holding company for East Boston Savings Bank that provides various financial products and services for individuals and businesses primarily in Suffolk, Middlesex, and Essex Counties, Massachusetts. The company accepts various deposit products, such as non-interest-bearing demand deposits comprising checking accounts; interest-bearing demand accounts, including NOW and money market accounts; savings accounts; and certificates of deposits, as well as commercial checking accounts. Its loan portfolio consists of commercial real estate loans, which are secured by properties used for business purposes, such as office buildings, industrial facilities, and retail facilities; one- to four-family residential loans, including mortgage loans that enable borrowers to purchase or refinance existing homes; multi-family real estate loans; construction loans, such as residential construction and land loans for professional home builders and developers; commercial and industrial loans; home equity lines of credit; and consumer loans, including automobile loans, loans secured by passbook or certificate accounts, and overdraft loans. In addition, it provides non-deposit financial products comprising mutual funds, annuities, stocks, and bonds through a third party broker-dealer; and long-term care insurance products. Further, the company is involved in securities transactions business; holding foreclosed real estate properties; and investing in various types of assets. As of December 31, 2014, it operated through a network of 27 full service offices and 3 loan centers. The company was founded in 1848 and is based in Peabody, Massachusetts.

378 Employees
Last Reported Date: 03/13/15
Founded in 1848

meridian bancorp inc (EBSB) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $810.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $270.5K
Executive Vice President of East Boston Savin...
Total Annual Compensation: $291.3K
Executive Vice President
Total Annual Compensation: $264.8K
Executive Officer and Director
Total Annual Compensation: $380.4K
Compensation as of Fiscal Year 2014.

meridian bancorp inc (EBSB) Key Developments

Meridian Interstate Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2015

Meridian Interstate Bancorp, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, announced net income of $5.6 million, or $0.11 per diluted share compared to $5.5 million, or $0.10 per diluted share, for the quarter ended June 30, 2014. The company's return on average assets was 0.68% compared to 0.78% for the quarter ended June 30, 2014. The company’s return on average equity declined to 3.80% compared to 8.52% for the quarter ended June 30, 2014. Net interest income increased $3.7 million, or 17.5%, to $24.9 million from $21.2 million for the quarter ended June 30, 2014. Income before income taxes was $8,167,000 compared to $8,299,000 a year ago. For the six months, the company’s net income was $12.0 million, or $0.23 per diluted share compared to $10.3 million, or $0.19 per diluted share, for the six months ended June 30, 2014. The company’s return on average assets was 0.73% compared to 0.74% for the six months ended June 30, 2014. The company’s return on average equity was 4.10% compared to 8.06% for the six months ended June 30, 2014. The decreases in return on average equity reflect the net cash proceeds of $302.3 million raised in the company’s second-step common stock offering completed on July 28, 2014. Net interest income increased $7.5 million, or 17.9%, to $49.3 million from $41.8 million for the six months ended June 30, 2014. 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, 2015 compared to the same periods in 2014. Income before income taxes was $17,782,000 compared to $15,331,000 a year ago. Book value per share increased to $10.71 at June 30, 2015 from $10.56 at December 31, 2014. Tangible book value per share increased to $10.46 at June 30, 2015 from $10.31 at December 31, 2014. The company’s net charge-offs totaled $2.1 million for the quarter ended June 30, 2015, or 0.32% of average loans outstanding.

Meridian Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Meridian Bancorp, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's net income rose to $6.4 million, or $0.12 per diluted share from $4.8 million, or $0.09 per diluted share, for the quarter ended March 31, 2014. The company's return on average assets was 0.78% for the quarter ended March 31, 2015 compared to 0.70% for the quarter ended March 31, 2014. The company's return on average equity declined to 4.41% for the quarter ended March 31, 2015 compared to 7.59% for the quarter ended March 31, 2014, reflecting the net cash proceeds of $302.3 million raised in the company's second step common stock offering completed on July 28, 2014. Net interest income increased $3.8 million, or 18.4%, to $24.4 million for the quarter ended March 31, 2015 from $20.6 million for the quarter ended March 31, 2014. Book value per share increased to $10.62 at March 31, 2015 from $10.56 at December 31, 2014. Tangible book value per share increased to $10.37 at March 31, 2015 from $10.31 at December 31, 2014. Net interest income, after provision for loan losses was $24,333,000 against $20,469,000 a year ago. Income before income taxes was $9,615,000 against $7,032,000 a year ago.

Meridian Bancorp, Inc. Presents at RBC Capital Markets Financial Institutions Conference 2015, Mar-10-2015

Meridian Bancorp, Inc. Presents at RBC Capital Markets Financial Institutions Conference 2015, Mar-10-2015 . Venue: New York Palace Hotel, 455 Madison Avenue, New York, NY 10022, United States. Speakers: Frank Romano, Executive Vice President, John Migliozzi, Executive Vice President of East Boston Savings Bank, Mark L. Abbate, Chief Financial Officer, Principal Accounting Officer, Senior Vice President, Treasurer, Chief Financial Officer of East Boston Savings Bank, Senior Vice President of East Boston Savings Bank and Treasurer of East Boston Savings Bank, Richard J. Gavegnano, Chairman, Chief Executive Officer, President, Chairman of East Boston Savings Bank, Chairman of The Meridian Financial Services, Chief Executive Officer of Meridian Financial Services, Chief Executive Officer of East Boston Savings Bank and President of East Boston Savings Bank.

 

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Industry Analysis

EBSB

Industry Average

Valuation EBSB Industry Range
Price/Earnings 28.5x
Price/Sales 6.4x
Price/Book 1.1x
Price/Cash Flow 29.5x
TEV/Sales 2.8x
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