Meridian Bancorp, Inc. financial statements (2021 and earlier)

Company profile

Business Address 10 MERIDIAN STREET
EAST BOSTON, MA 02128
State of Incorp. MD
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments92742238540323696206
Cash and cash equivalents91540737240323696206
Short-term investments121513    
Disposal group, including discontinued operation      1
Total current assets:92742238540323696207
Noncurrent Assets
Property, plant and equipment67664541414039
Intangible assets, net (including goodwill)22232320141414
Goodwill20202020141414
Intangible assets, net (excluding goodwill)223    
Deferred income tax assets21 
Total noncurrent assets:110886861555452
Other undisclosed assets5,5835,8335,7254,8364,1443,3743,020
TOTAL ASSETS:6,6206,3446,1795,2994,4363,5253,279
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  50  20 
Total current liabilities:  50  20 
Noncurrent Liabilities
Other undisclosed liabilities5,8515,6175,4544,6533,8292,9162,701
Total liabilities:5,8515,6175,5044,6533,8292,9362,701
Stockholders' equity
Stockholders' equity attributable to parent, including:769727675646607588578
Common stock1111111
Additional paid in capital364377379396390404411
Accumulated other comprehensive income (loss)(0)(0)(0)02(2)3
Retained earnings420366314269234206185
Unearned esop shares(16)(17)(18)(19)(19)(20)(21)
Other undisclosed stockholders' equity attributable to parent      (1)
Total stockholders' equity:769727675646607588578
TOTAL LIABILITIES AND EQUITY:6,6206,3446,1795,2994,4363,5253,279

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues256266228203161134124
Net investment income252266228185150123109
Cost of revenue(26) (8)(5)(7)(7)(4)
Provision for loan, lease, and other losses(26) (8)
Financial services costs(5)(7)(7)(3)
Gross profit:230266220198154127121
Operating expenses(16)(16)(14)(68)(60)(60)(64)
Other operating income, net
(Noninterest Income, Other Operating Income)
000 000
Other undisclosed operating loss      (57)
Operating income (loss):2142502051309467(0)
Nonoperating income1111117
Investment income, nonoperating      6
Bank owned life insurance income1111111
Interest and debt expense(59)(93)(63)(39)(27)(20)(21)
Income (loss) from continuing operations before equity method investments, income taxes:156158143926848(13)
Other undisclosed income (loss) from continuing operations before income taxes(69)(69)(72)(15)(16)(11)47
Income from continuing operations before income taxes:87897176523733
Income tax expense(22)(22)(15)(33)(18)(12)(11)
Net income available to common stockholders, diluted:65675643342522

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:65675643342522
Other comprehensive income (loss)(0)(0)0(2)4(5)(1)
Comprehensive income:65675641382021
Other undisclosed comprehensive income (loss), net of tax, attributable to parent00(0)    
Comprehensive income, net of tax, attributable to parent:65675641382021

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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