Meridian Bancorp (Meridian Bancorp) Debt-to-Equity : 0.69 (As of Sep. 2021)

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What is Meridian Bancorp Debt-to-Equity?

Meridian Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $0.0 Mil. Meridian Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $560.6 Mil. Meridian Bancorp's Total Stockholders Equity for the quarter that ended in Sep. 2021 was $813.7 Mil. Meridian Bancorp's debt to equity for the quarter that ended in Sep. 2021 was 0.69.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Meridian Bancorp's Debt-to-Equity or its related term are showing as below:

EBSB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.68 Max: 1.1
Current: 0.69

During the past 13 years, the highest Debt-to-Equity Ratio of Meridian Bancorp was 1.10. The lowest was 0.15. And the median was 0.68.

EBSB's Debt-to-Equity is not ranked
in the Banks industry.
Industry Median: 0.695 vs EBSB: 0.69

Meridian Bancorp Debt-to-Equity Historical Data

The historical data trend for Meridian Bancorp's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Meridian Bancorp Debt-to-Equity Chart

Meridian Bancorp Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

Get a 7-Day Free Trial

0.53

0.79

0.87

0.88

0.79

Meridian Bancorp Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Debt-to-Equity	Get a 7-Day Free Trial															1.08	0.79	0.71	0.70	0.69

Competitive Comparison of Meridian Bancorp's Debt-to-Equity

For the Banks - Regional subindustry, Meridian Bancorp's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Meridian Bancorp's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Meridian Bancorp's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Meridian Bancorp's Debt-to-Equity falls into.

Meridian Bancorp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Meridian Bancorp's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	610.6)	/	768.885
	=	0.79

Meridian Bancorp's Debt to Equity Ratio for the quarter that ended in Sep. 2021 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	560.625)	/	813.698
	=	0.69

Meridian Bancorp (NAS:EBSB) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Meridian Bancorp Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Meridian Bancorp's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Meridian Bancorp (Meridian Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Meridian Bancorp Inc (NAS:EBSB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

67 Prospect Street, Peabody, MA, USA, 01960

Website

https://www.ebsb.com

Meridian Bancorp Inc operates as a bank. It provides services such as checking, savings, loans, credit cards, corporate banking, commercial banking, cash management, institutional banking, personal online banking, business online banking, and other banking services. The bank generates its revenue in the form of net interests.

Executives

Kenneth R Fisher	officer: EVP, Treasurer and CFO	67 PROSPECT STREET, PEABODY MA 01960
Anna R Dimaria	director	10 MERIDIAN STREET EAST BOSTON MA 02128
Gregory F Natalucci	director	10 MERIDIAN STREET EAST BOSTON MA 02128
Thomas J Gunning	director	10 MERIDIAN STREET EAST BOSTON MA 02128
Edward J Merritt	director, officer: EVP	10 MERIDIAN STREET EAST BOSTON MA 02128
Marilyn A Censullo	director	10 MERIDAIN STREET EAST BOSTON MA 02128
Domenic A Gambardella	director	10 MERIDIAN STREET EAST BOSTON MA 02128
Cynthia C Carney	director	67 PROSPECT STREET PEABODY MA 01960
John Migliozzi	officer: EVP	67 PROSPECT STREET, PEABODY MA 01960
Mark L Abbate	officer: EVP, Treasurer and CFO	81 MAIN STREET MEDWAY MA 02053
Carl Lagreca	director	10 MERIDIAN STREET EAST BOSTON MA 02128
Richard J Gavegnano	director, officer: Chairman, President and CEO	10 MERIDIAN STREET EAST BOSTON MA 02128
James G Sartori	director	10 MERIDIAN STREET EAST BOSTON MA 02128
Frank Romano	officer: EVP	67 PROSPECT STREET PEABODY MA 01960
Peter F Scolaro	director	67 PROSPECT STREET PEABODY MA 01960