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Meridian Bancorp: 1Q Earnings Snapshot

PEABODY, Mass. (AP) _ Meridian Bancorp Inc. (EBSB) on Tuesday reported first-quarter profit of $12 million.

The Peabody, Massachusetts-based company said it had profit of 23 cents per share.

The holding company for East Boston Savings Bank posted revenue of $54.3 million in the period. Its adjusted revenue was $42.2 million.

Meridian Bancorp shares have dropped almost 2 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $20.20, a climb of slightly more than 7 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