Company Quick10K Filing
Meridian Bancorp
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 53 $938
10-Q 2019-11-12 Quarter: 2019-09-30
10-Q 2019-08-09 Quarter: 2019-06-30
10-Q 2019-05-10 Quarter: 2019-03-31
10-K 2019-03-01 Annual: 2018-12-31
10-Q 2018-11-09 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-10 Quarter: 2018-03-31
10-K 2018-03-01 Annual: 2017-12-31
10-Q 2017-11-09 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-05-09 Quarter: 2017-03-31
10-K 2017-03-01 Annual: 2016-12-31
10-Q 2016-11-04 Quarter: 2016-09-30
10-Q 2016-08-08 Quarter: 2016-06-30
10-Q 2016-05-09 Quarter: 2016-03-31
10-K 2016-03-11 Annual: 2015-12-31
10-Q 2015-11-09 Quarter: 2015-09-30
10-Q 2015-08-10 Quarter: 2015-06-30
10-Q 2015-05-08 Quarter: 2015-03-31
10-K 2015-03-13 Annual: 2014-12-31
10-Q 2014-11-10 Quarter: 2014-09-30
10-Q 2014-08-08 Quarter: 2014-06-30
10-Q 2014-06-12 Quarter: 2014-03-31
8-K 2020-02-07 Exhibits
8-K 2020-01-28 Earnings, Exhibits
8-K 2019-12-05 Regulation FD, Exhibits
8-K 2019-10-31 Other Events, Exhibits
8-K 2019-10-22 Earnings, Regulation FD, Exhibits
8-K 2019-08-29 Regulation FD, Exhibits
8-K 2019-07-23 Earnings, Exhibits
8-K 2019-05-31 Regulation FD, Exhibits
8-K 2019-05-15 Shareholder Vote
8-K 2019-04-23 Earnings, Exhibits
8-K 2019-04-11 Other Events, Exhibits
8-K 2019-02-28 Regulation FD, Exhibits
8-K 2019-01-22 Earnings, Exhibits
8-K 2018-12-28 Officers, Exhibits
8-K 2018-11-27 Regulation FD, Exhibits
8-K 2018-11-19 Other Events, Exhibits
8-K 2018-10-23 Earnings, Regulation FD, Exhibits
8-K 2018-08-29 Regulation FD, Exhibits
8-K 2018-07-24 Earnings, Exhibits
8-K 2018-06-01 Regulation FD, Exhibits
8-K 2018-05-16 Shareholder Vote
8-K 2018-04-24 Earnings, Exhibits
8-K 2018-03-22 Officers, Exhibits
8-K 2018-03-01 Regulation FD, Exhibits
8-K 2018-01-24 Other Events, Exhibits
8-K 2018-01-23 Earnings, Exhibits
8-K 2018-01-23 Officers, Exhibits
8-K 2018-01-03 Other Events, Exhibits
8-K 2018-01-02 Other Events, Exhibits

Meridian Bancorp Financials

EBSB Metrics, Comps, Filings

Annual | Quarterly

Business

Meridian Bancorp, Inc. (the "Company") is a Maryland corporation that was incorporated in 2014. The Company owns all of East Boston Savings Bank's stock and directs, plans and coordinates East Boston Savings Bank's business activities. The Company is the successor to East Boston Savings Bank's previous holding company, Meridian Interstate Bancorp, Inc. ("Old Meridian"), and was formed as a result of a second-step mutual-to-stock conversion (the "Conversion") of Meridian Financial Services, Incorporated, (the "MHC"), the top tier mutual holding company of Old Meridian. The Conversion was completed in 2014 at which point, the MHC and Meridian Interstate Funding Corporation were merged into Old Meridian (and ceased to exist), and Old Meridian merged into the Company.

On December 29, 2017, the Company completed its acquisition of Meetinghouse Bancorp, Inc. ("Meetinghouse"), the holding company for Meetinghouse Bank, a Massachusetts stock co-operative bank, with two full-service branches that were then merged into East Boston Savings Bank. The Meetinghouse acquisition added $120.4 million in total assets at fair value, including $75.7 million in loans and $93.8 million in deposits. The Company paid total cash consideration of $17.8 million, or $26.00 for each outstanding share of Meetinghouse common stock.

East Boston Savings Bank (the "Bank") is a Massachusetts-chartered stock savings bank, founded in 1848, that conducts its business from 37 full-service locations, one mobile branch and three loan centers in the greater Boston metropolitan area. We offer a variety of deposit and loan products to individuals and businesses located in our primary market, which consists of Suffolk, Norfolk, Middlesex and Essex Counties, Massachusetts. We attract deposits from the general public and use those funds to originate one- to four-family real estate, multi-family and commercial real estate, construction, commercial and industrial, and consumer loans, which we primarily hold for investment. Our lending business also involves the purchase and sale of loan participation interests.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Enterprise Financial Services (EFSC) 1,101 5.7 1% 7,182 6,356 0 0 81 161 912
National Bank Holdings (NBHC) 1,092 8.2 1% 5,858 5,124 0 0 75 120 990
First Bancorp (FBNC) 1,076 4.7 2% 6,012 5,197 0 0 92 158 737
Southside Bancshares (SBSI) 1,067 6.6 1% 6,373 5,585 0 0 75 166 1,094
Meridian Bancorp (EBSB) 938 7.2 1% 6,369 5,673 0 0 60 164 1,178
Boston Private Financial Holdings (BPFH) 933 0% 4.2 1% 8,713 7,913 363 0 91 207 867
Washington Trust Bancorp (WASH) 878 0% 4.9 1% 5,190 4,705 198 0 69 154 759
Great Southern Bancorp (GSBC) 845 6.3 2% 4,872 4,299 0 0 76 106 664
Central Pacific Financial (CPF) 838 0% 7.9 1% 5,920 5,404 25 0 61 106 841
Stock Yards Bancorp (SYBT) 825 0% 23.6 0% 3,464 3,074 11 0 0 30 709
Fidelity Southern (LION) 820 0% 8.2 1% 4,790 4,331 18 0 38 90 738
Lakeland Bancorp (LBAI) 803 3.6 1% 6,407 5,709 0 0 65 156 556
Origin Bancorp (OBNK) 795 5.4 1% 5,120 4,535 0 0 52 110 596
Carolina Financial (CARO) 786 0% 6.9 2% 3,888 3,282 4 0 60 111 765
ConnectOne Bancorp (CNOB) 784 7.4 1% 6,109 5,410 0 0 69 163 1,197
HomeStreet (HMST) 782 6.5 0% 7,201 6,477 0 0 20 125 808
Community Trust Bancorp (CTBI) 756 4.0 1% 4,377 3,783 0 0 65 109 434
Triumph Bancorp (TBK) 755 3.8 1% 4,783 4,140 0 0 55 142 546
Bryn Mawr Bank (BMTC) 749 5.8 1% 4,737 4,146 0 0 60 118 686
Univest of Pennsylvania (UVSP) 748 6.9 1% 5,154 4,503 0 0 66 121 834

Balance Sheet ($MM)2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash01585035403372
Accounts Receivable
Inventory
PP&E623940414145
Assets2495795926115,2996,179
Accounts Payable
Long-Term Debt162172147323513537
Liabilities2,4332,7012,9363,8294,6535,504
Stockholders' Equity236402425468646675
Income Statement ($MM)2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A334344
Tax101214193315
Net Income15-2225344356
Cash Flow ($MM)2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating-10115071
Cash Investing2-283145-598-918
Cash Financing-2303-10-25714816