Private company

Meridian Bancorp, Inc.

Meridian Bancorp, Inc. is an American national commercial bank, incorporated in Maryland.¹ It is headquartered in East Boston, Massachusetts.¹

Last updated Oct 20, 2026.

Overview

IndustryNational Commercial Banks¹
HeadquartersEast Boston, Massachusetts¹
Incorporated inMD²
Business address10 Meridian Street, East Boston, Ma 02128²
Filer categoryLarge accelerated filer²

See how the biggest companies compare on our leaderboards

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Operating income³-$20.0K in 2015−85% since 2014

Net income⁴⁵⁶⁷⁸$65.1M in 2020+191% since 2014

Fiscal year	2014	2015	2016	2017	2018	2019	2020
Operating income	-$135.0K³	-$20.0K³
Interest	$20.5M⁴	$20.5M⁵	$27.1M⁶	$38.9M⁷	$63.2M⁸	$93.2M⁸	$59.4M⁸
Income tax	$11.1M⁴	$12.0M⁵	$17.9M⁶	$33.5M⁷	$15.0M⁸	$21.8M⁸	$21.9M⁸
Net income	$22.3M⁴	$24.6M⁵	$34.2M⁶	$42.9M⁷	$55.8M⁸	$67.0M⁸	$65.1M⁸
Earnings per share	$0.43⁴	$0.47⁵	$0.67⁶	$0.84⁷	$1.08⁸	$1.31⁸	$1.29⁸
Earnings per share (diluted)	$0.42⁴	$0.46⁵	$0.65⁶	$0.82⁷	$1.06⁸	$1.30⁸	$1.29⁸

Total assets³⁴⁵⁶⁷⁸$6.6B in 2020+102% since 2014

Total liabilities³⁴⁵⁶⁷⁸$5.9B in 2020+117% since 2014

Shareholders’ equity⁵⁶⁷⁸$768.9M in 2020+33% since 2014

Cash⁵⁶$372.0M in 2018+81% since 2014

Long-term debt³⁴⁵⁶⁷⁸$708.2M in 2020+312% since 2014

Fiscal year	2014	2015	2016	2017	2018	2019	2020	2021
Cash	$205.7M⁵	$96.4M⁶	$236.4M⁶	$402.7M⁶	$372.0M⁶
Total assets	$3.3B³	$3.5B⁴	$4.4B⁵	$5.3B⁶	$6.2B⁷	$6.3B⁸	$6.6B⁸
Long-term debt	$171.9M³	$147.2M⁴	$322.5M⁵	$513.4M⁶	$536.9M⁷	$636.2M⁸	$708.2M⁸
Total liabilities	$2.7B³	$2.9B⁴	$3.8B⁵	$4.7B⁶	$5.5B⁷	$5.6B⁸	$5.9B⁸
Shareholders’ equity	$577.7M⁵	$588.1M⁶	$607.3M⁷	$646.4M⁸	$674.7M⁸	$726.6M⁸	$768.9M⁸
Shares outstanding		54.9M shares⁴	53.6M shares⁵	54.0M shares⁶	53.5M shares⁷	53.4M shares⁸	52.4M shares⁸	52.4M shares⁸

Cash from operations⁶⁷⁸$65.8M in 2020+50% since 2016

Capital spending⁴⁵⁶⁷⁸$6.4M in 2020+361% since 2014

Free cash flow⁶⁷⁸$59.4M in 2020+49% since 2016

Dividends paid⁵⁶⁷⁸$16.3M in 2020+1014% since 2015

Share buybacks⁵⁶⁸$17.7M in 2020+88% since 2015

Fiscal year	2014	2015	2016	2017	2018	2019	2020
Cash from operations			$44.0M⁶	$50.4M⁷	$71.0M⁸	$66.2M⁸	$65.8M⁸
Capital spending	$1.4M⁴	$4.2M⁵	$4.1M⁶	$1.2M⁷	$7.0M⁸	$6.2M⁸	$6.4M⁸
Free cash flow			$39.9M	$49.2M	$64.1M	$60.0M	$59.4M
Dividends paid		$1.5M⁵	$6.1M⁶	$7.7M⁷	$10.3M⁸	$14.3M⁸	$16.3M⁸
Share buybacks		$9.4M⁵	$18.8M⁶		$20.4M⁸	$7.3M⁸	$17.7M⁸
Dividend per share		$0.06⁵	$0.12⁶	$0.17⁷	$0.22⁸	$0.29⁸	$0.32⁸

Compare Meridian Bancorp, Inc. with another company

Corporate structure

Meridian Bancorp, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Meridian Bancorp, Inc.

Versor Investments LP Filed SC 13G/A on Meridian Bancorp, Inc., latest Feb 8, 2022
PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on Meridian Bancorp, Inc., latest Oct 12, 2021

Meridian Bancorp, Inc. East Boston, Massachusetts

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Meridian Bancorp, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Property and equipment, before depreciation	$91.6M⁸ Dec 31, 2020	$88.1M⁸ Dec 31, 2019	+4.0%
Accumulated depreciation	$42.2M⁸ Dec 31, 2020	$40.0M⁸ Dec 31, 2019	+5.7%
Property and equipment, net	$66.8M⁸ Dec 31, 2020	$65.8M⁸ Dec 31, 2019	+1.5%
Operating-lease assets (leased space)	$17.5M⁸ Dec 31, 2020	$17.7M⁸ Dec 31, 2019	−1.5%

Investments

Item	Latest	A year before	Change
Debt securities available for sale	$11.3M⁸ Dec 31, 2020	$15.1M⁸ Dec 31, 2019	−24.9%
Equity securities at fair value	$12.2M⁸ Dec 31, 2020	$15.2M⁸ Dec 31, 2019	−20.0%
Loans, net of allowance	$5.4B⁸ Dec 31, 2020	$5.7B⁸ Dec 31, 2019	−4.5%
Deposits held (banks)	$5.1B⁸ Dec 31, 2020	$4.9B⁸ Dec 31, 2019	+3.2%

Intangibles and goodwill

Item	Latest	A year before	Change
Goodwill	$20.4M⁸ Dec 31, 2020	$20.4M⁸ Dec 31, 2019	0%

Leadership

Who has led Meridian Bancorp, Inc., and when. Pick a name to see everywhere that person has worked.

201520202025

Chief executive officerRichard J. Gavegnano Jul 28, 2014 to Nov 15, 2021⁹
ChairRichard J. Gavegnano Jul 28, 2014 to Nov 15, 2021⁹
PresidentRichard J. Gavegnano Jul 28, 2014 to Nov 15, 2021⁹
Chief financial officerMark L. Abbate Jul 28, 2014 to Aug 8, 2019¹⁰

Board members and other officers (17)

EVPFrank Romano Feb 10, 2015 to Nov 15, 2021¹¹
EVPEdward J. Merritt Jul 28, 2014 to Nov 15, 2021¹²
EVPJohn Migliozzi Jul 28, 2014 to Nov 15, 2021¹³
Board memberPeter F. Scolaro Jan 31, 2018 to Nov 15, 2021¹⁴
Board memberJoyce A. Murphy Mar 28, 2018 to Nov 15, 2021¹⁵
Board memberCynthia C. Carney Aug 2, 2016 to Nov 15, 2021¹⁶
Board memberRussell L. Chin Aug 2, 2016 to Nov 15, 2021¹⁷
Board memberAnna R. Dimaria Nov 4, 2015 to Nov 15, 2021¹⁸
Board memberCarl Lagreca Jul 28, 2014 to May 8, 2019¹⁹
Board memberDomenic A. Gambardella Jul 28, 2014 to Nov 15, 2021²⁰
Board memberEdward J. Merritt Jul 28, 2014 to Nov 15, 2021¹²
Board memberGregory F. Natalucci Jul 28, 2014 to Nov 15, 2021²¹
Board memberJames G. Sartori Jul 28, 2014 to Nov 30, 2018²²
Board memberMarilyn A. Censullo Jul 28, 2014 to Nov 15, 2021²³
Board memberRichard F. Fernandez Jul 28, 2014 to Nov 16, 2017²⁴
Board memberThomas J. Gunning Jul 28, 2014 to Nov 15, 2021²⁵
Board memberVincent D. Basile Jul 28, 2014 to Nov 4, 2015²⁶

Timeline

Nov 15, 20218-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights²⁷
Nov 5, 20218-K Other events²⁸
Oct 21, 20218-K Results of operations²⁹
Jul 28, 2014New chief executive Richard J. Gavegnano becomes CEO⁹

Calendar

When it reported results

Oct 21, 2021Reported quarterly or annual results²⁹

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

30 filings to the SEC since October 2021: 1 quarterly reports, 3 major events, 21 insider forms, 2 large holders, 3 other. The latest 20:

Feb 8, 2022SC 13G/A EDGAR
Nov 22, 202115-12B MERIDIAN BANCORP, INC. FORM 15 NOVEMBER 22, 2021 EDGAR
Nov 15, 20214 EDGAR
Nov 15, 20214 EDGAR
Nov 15, 20214 EDGAR
Nov 15, 20214 EDGAR
Nov 15, 20214 EDGAR
Nov 15, 20214 EDGAR
Nov 15, 20214 EDGAR
Nov 15, 20214 EDGAR
Nov 15, 20214 EDGAR
Nov 15, 20214 EDGAR
Nov 15, 20214 EDGAR
Nov 15, 20214 EDGAR
Nov 15, 20214 EDGAR
Nov 15, 20214 EDGAR
Nov 15, 20214 EDGAR
Nov 15, 2021S-8 POS MERIDIAN BANCORP, INC. FORM S-8 NOVEMBER 15, 2021 EDGAR
Nov 15, 2021S-8 POS MERIDIAN BANCORP, INC. FORM S-8 NOVEMBER 15, 2021 EDGAR
Nov 15, 20218-K MERIDIAN BANCORP, INC. FORM 8-K NOVEMBER 12, 2021 EDGAR

The 30 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Versor Investments LPSC 13G/A, 1 filing Feb 8, 2022³⁰
PRICE T ROWE ASSOCIATES INC /MD/SC 13G/A, 1 filing Oct 12, 2021³¹

SEC filer profile

How Meridian Bancorp, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARMeridian Bancorp, Inc.¹
CIK0001600125
Filer statusLarge accelerated filer¹
Incorporated inMaryland¹
Fiscal year endsDecember 31¹
Industry code (SIC)6021 National Commercial Banks¹
Business address10 Meridian Street, East Boston, MA 02128¹
Phone(617) 567-1500¹
Shares outstanding52,771,845 as of Oct 29, 2021³²
Public float$607.9M as of Jun 30, 2020⁸
On EDGAR sinceMar 10, 2014¹
Filings456 in all: 4 (207), 8-K (100), SC 13G/A (28), 10-Q (24), 3 (21), 425 (14), SC 13G (8), 10-K (7)¹
All 28 form types
11-K (7), DEF 14A (7), 424B3 (5), 5 (4), CORRESP (4), 10-K/A (2), 8-K/A (2), DEFA14A (2), S-8 (2), S-8 POS (2), 15-12B (1), 25-NSE (1), 8-A12B (1), DEFM14A (1), EFFECT (1), FWP (1), S-1 (1), S-1/A (1), SE (1), UPLOAD (1)
Latest filingsAnnual report (10-K) Mar 1, 2021
Quarterly report (10-Q) Nov 9, 2021
Proxy statement (DEF 14A) Apr 9, 2021
Latest 8-K (8-K) Nov 15, 2021

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARMeridian Bancorp, Inc. filings on SEC EDGAR
2
SEC EDGARMeridian Bancorp, Inc. filings on SEC EDGAR
3
SEC EDGARMeridian Bancorp, Inc. 10-K for fiscal 2014
4
SEC EDGARMeridian Bancorp, Inc. 10-K for fiscal 2014
5
SEC EDGARMeridian Bancorp, Inc. 10-K for fiscal 2015
6
SEC EDGARMeridian Bancorp, Inc. 10-K for fiscal 2016
7
SEC EDGARMeridian Bancorp, Inc. 10-K for fiscal 2017
8
SEC EDGARMeridian Bancorp, Inc. 10-K for fiscal 2018
9
SEC EDGARRichard J. Gavegnano, Chief executive officer
10
SEC EDGARMark L. Abbate, Chief financial officer
11
SEC EDGARFrank Romano, EVP
12
SEC EDGAREdward J. Merritt, EVP
13
SEC EDGARJohn Migliozzi, EVP
14
SEC EDGARPeter F. Scolaro, Board member
15
SEC EDGARJoyce A. Murphy, Board member
16
SEC EDGARCynthia C. Carney, Board member
17
SEC EDGARRussell L. Chin, Board member
18
SEC EDGARAnna R. Dimaria, Board member
19
SEC EDGARCarl Lagreca, Board member
20
SEC EDGARDomenic A. Gambardella, Board member
21
SEC EDGARGregory F. Natalucci, Board member
22
SEC EDGARJames G. Sartori, Board member
23
SEC EDGARMarilyn A. Censullo, Board member
24
SEC EDGARRichard F. Fernandez, Board member
25
SEC EDGARThomas J. Gunning, Board member
26
SEC EDGARVincent D. Basile, Board member
27
SEC EDGARCompleted an acquisition or sale; Listing notice or transfer; Change to shareholders' rights
28
SEC EDGAROther events
29
SEC EDGARResults of operations
30
SEC EDGARVersor Investments LP SC 13G/A on Meridian Bancorp, Inc.
31
SEC EDGARPRICE T ROWE ASSOCIATES INC /MD/ SC 13G/A on Meridian Bancorp, Inc.
32
SEC EDGARMeridian Bancorp, Inc. 10-Q filed Nov 9, 2021: shares outstanding