Meridian Bancorp provides various financial products and services for individuals and businesses primarily in Suffolk, Norfolk, 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.
TypePublic
HQPeabody, US
Founded1848
Size (employees)447 (est)+9%
Websiteebsb.com
Meridian Bancorp was founded in 1848 and is headquartered in Peabody, US
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Key People/Management at Meridian Bancorp

Edward J. Merritt

Edward J. Merritt

Executive Vice President Business Development & Community Relations
John A. Carroll

John A. Carroll

Executive Vice President Chief Operating Officer
Frank Romano

Frank Romano

Executive Vice President Corporate Banking
Paula Cotter

Paula Cotter

Senior Vice President Operations and Technology
Mary Hagen

Mary Hagen

Senior Vice President Electronic Banking & Customer Support
Eric M. Heath

Eric M. Heath

Senior Vice President Human Resources
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Meridian Bancorp Office Locations

Meridian Bancorp has an office in Peabody
Peabody, (HQ)
67 Prospect St
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Meridian Bancorp Financials and Metrics

Meridian Bancorp Revenue

Meridian Bancorp's revenue was reported to be $95.20 m in FY, 2013
USD

Net income (Q3, 2018)

17.4m

EBIT (Q3, 2018)

41.4m

Market capitalization (4-Dec-2018)

832.9m

Closing stock price (4-Dec-2018)

15.4

Cash (30-Sep-2018)

313.7m

EV

1.2b
Meridian Bancorp's current market capitalization is $832.9 m.
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017

Revenue

95.2m

Cost of goods sold

20.5m27.1m38.9m

General and administrative expense

9.9m10.8m11.5m

R&D expense

5.2m5.1m5.9m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cost of goods sold

5.2m5.0m5.1m5.1m4.8m5.1m5.8m6.4m7.1m8.4m9.1m9.9m12.2m14.8m16.7m

Sales and marketing expense

10.0m

General and administrative expense

2.1m2.6m2.2m2.3m2.4m2.4m2.5m2.9m2.6m3.0m3.0m2.7m3.5m3.0m3.0m

R&D expense

1.1m1.2m909.0k1.2m1.2m1.4m1.3m1.3m1.3m1.4m1.5m1.5m1.7m1.7m1.7m
Annual
usdY, 2012Y, 2013FY, 2015FY, 2016FY, 2017

Cash

86.3m96.4m236.4m402.7m

Accounts Receivable

7.1m

Inventories

PP&E

39.4m40.2m41.4m41.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

206.2m156.6m367.8m388.3m176.7m98.0m154.1m101.7m182.9m327.7m234.8m300.3m316.4m329.6m313.7m

Inventories

2.1b

PP&E

39.4m39.2m39.0m38.6m38.7m39.5m40.7m40.8m40.7m41.1m40.6m40.1m41.4m41.6m42.4m

Goodwill

13.7m13.7m13.7m13.7m13.7m13.7m13.7m13.7m13.7m13.7m13.7m13.7m19.6m19.6m19.6m
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017

Net Income

15.4m24.6m34.2m42.9m

Depreciation and Amortization

2.3m2.5m3.0m3.1m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

11.4m4.8m10.3m16.3m12.0m17.7m7.5m13.4m22.9m9.2m20.6m33.9m12.0m26.1m43.4m

Depreciation and Amortization

1.7m593.0k1.2m1.8m1.2m1.8m712.0k1.5m2.2m794.0k1.6m2.3m776.0k1.5m2.2m

Cash From Operating Activities

18.3m2.7m604.0k15.1m8.2m20.8m10.0m14.1m29.9m13.3m18.8m30.5m22.2m30.8m48.6m

Cash From Investing Activities

(270.0m)(41.5m)(84.3m)(181.1m)(53.9m)(215.7m)(149.9m)(397.6m)(561.7m)(113.8m)(352.6m)(579.6m)(254.8m)(452.8m)(563.0m)
USDY, 2018

EV/EBIT

28.3 x

EV/CFO

24.1 x

Financial Leverage

8.5 x
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Meridian Bancorp Operating Metrics

Meridian Bancorp's Total Loans was reported to be $4.3b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

30 32 35

Non-accrual Loans

$31.51 m$28.91 m$36.96 m$35.14 m$31.34 m$30.69 m$29.43 m$15.21 m$13.44 m$13.69 m$11.48 m

Total Loans

$2.68 b$2.68 b$2.74 b$2.92 b$3.08 b$3.24 b$3.54 b$3.70 b$3.94 b$4.06 b$4.30 b
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Meridian Bancorp Online and Social Media Presence

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Meridian Bancorp News and Updates

Meridian Bancorp, Inc. Announces 40% Increase in Quarterly Dividend

BOSTON, Nov. 27, 2018 (GLOBE NEWSWIRE) -- Meridian Bancorp, Inc. (the “Company” or “Meridian”) (NASDAQ: EBSB), the holding company for East Boston Savings Bank, today declared a quarterly cash dividend of $0.07 per common share, an increase of $0.02 per common share or 40%, payable on January 2, 2…

Meridian Bancorp, Inc. Announces Quarterly Dividend

BOSTON, Aug. 29, 2018 (GLOBE NEWSWIRE) -- Meridian Bancorp, Inc. (the “Company” or “Meridian”) (NASDAQ: EBSB), the holding company for East Boston Savings Bank, today declared a quarterly cash dividend of $0.05 per common share, payable on October 2, 2018 to stockholders of record at the close of …
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Meridian Bancorp Company Life and Culture

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Meridian Bancorp Frequently Asked Questions

  • When was Meridian Bancorp founded?

    Meridian Bancorp was founded in 1848.

  • Who are Meridian Bancorp key executives?

    Meridian Bancorp's key executives are Edward J. Merritt, John A. Carroll and Frank Romano.

  • How many employees does Meridian Bancorp have?

    Meridian Bancorp has 447 employees.

  • Who are Meridian Bancorp competitors?

    Competitors of Meridian Bancorp include Riverview Bancorp, National Bankshares and Banque Cantonale de Geneve.

  • Where is Meridian Bancorp headquarters?

    Meridian Bancorp headquarters is located at 67 Prospect St, Peabody.

  • Where are Meridian Bancorp offices?

    Meridian Bancorp has an office in Peabody.

  • How many offices does Meridian Bancorp have?

    Meridian Bancorp has 1 office.