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)412 (est)+5%
Websiteebsb.com
Meridian Bancorp was founded in 1848 and is headquartered in Peabody, US
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Meridian Bancorp Office Locations

Meridian Bancorp has an office in Peabody
Peabody, US (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 (Q2, 2018)

26.1 m

EBIT (Q2, 2018)

80.9 m

Market capitalization (20-Sep-2018)

935.7 m

Closing stock price (20-Sep-2018)

17.4

Cash (30-Jun-2018)

329.6 m

EV

1.2 b
Meridian Bancorp's current market capitalization is $935.7 m.
Annual
USDFY, 2013

Revenue

95.2 m

EBIT

(134 k)

EBIT margin, %

0%

Net Income

15.4 m
Quarterly
USDQ3, 2013Q1, 2014Q1, 2018Q2, 2018

Cost of goods sold

5.2 m5 m12.2 m27 m

Sales and marketing expense

10 m10.8 m

General and administrative expense

2.1 m2.6 m3.5 m6.6 m

R&D expense

1.1 m1.2 m1.7 m3.3 m
Annual
usdY, 2012Y, 2013

Cash

86.3 m

Accounts Receivable

7.1 m

Inventories

PP&E

39.4 m
Quarterly
USDQ3, 2013Q1, 2014Q1, 2018Q2, 2018

Cash

206.2 m156.6 m316.4 m329.6 m

Inventories

2.1 b

PP&E

39.4 m39.2 m41.4 m41.6 m

Goodwill

13.7 m13.7 m19.6 m19.6 m
Annual
USDFY, 2013

Net Income

15.4 m

Depreciation and Amortization

2.3 m
Quarterly
USDQ3, 2013Q1, 2014Q1, 2018Q2, 2018

Net Income

11.4 m4.8 m12 m26.1 m

Depreciation and Amortization

1.7 m593 k776 k1.5 m

Cash From Operating Activities

18.3 m2.7 m22.2 m30.8 m

Cash From Investing Activities

(270 m)(41.5 m)(254.8 m)(452.8 m)
USDY, 2018

EV/EBIT

14.8 x

EV/CFO

38.9 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 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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