Meridian Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018
January 22, 2019 at 09:05 pm
Meridian Bancorp, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported total interest and dividend income of $61,712,000 against $50,873,000 a year ago. Net interest income was $42,173,000 against $39,329,000 a year ago. Net income was $12,358,000 against $9,021,000 a year ago. Basic earnings per share were $0.24 against $0.18 a year ago. Diluted earnings per share were $0.24 against $0.17 a year ago.
For the full year, the company reported total interest and dividend income of $227,672,000 against $185,104,000 a year ago. Net interest income was $227,672,000 against $185,104,000 a year ago. Net income was $55,771,000 against $42,945,000 a year ago. Basic earnings per share were $1.08 against $0.84 a year ago. Diluted earnings per share were $1.06 against $0.82 a year ago.