AP NEWS

Meridian Bancorp: 2Q Earnings Snapshot

July 24, 2018

PEABODY, Mass. (AP) _ Meridian Bancorp Inc. (EBSB) on Tuesday reported second-quarter net income of $14.1 million.

The Peabody, Massachusetts-based company said it had net income of 27 cents per share.

The holding company for East Boston Savings Bank posted revenue of $58.7 million in the period. Its adjusted revenue was $43.9 million.

Meridian Bancorp shares have fallen 8.5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $18.85, a climb of 15 percent in the last 12 months.

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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

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