(RTTNews) - Meridian Bancorp, Inc. (EBSB) shares are gaining on Friday morning trade as the company reported an increase in earnings for the first quarter.
Currently, shares are at $20.96, up 17.62 percent from the previous close of $17.82 on a volume of 1,257,980. For the 52-week period, the shares have traded in a range of $9.53-$21.13 on average volume of 138,277.
The company reported first-quarter net profit of $24.32 million, up from $18.12 million in the previous year. On a per share basis, earnings were $0.48, that increased from $0.36 a year ago.
Total interest and dividend income was $57.72 million from $62.34 million a year ago.
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