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Meridian Bancorp: Q1 Earnings Snapshot

April 22, 2021 GMT

PEABODY, Mass. (AP) _ Meridian Bancorp Inc. (EBSB) on Thursday reported first-quarter net income of $24.3 million.

On a per-share basis, the Peabody, Massachusetts-based company said it had profit of 48 cents.

The holding company for East Boston Savings Bank posted revenue of $62.7 million in the period. Its adjusted revenue was $53.3 million.

Meridian Bancorp shares have risen 20% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $17.82, a rise of 72% 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