PEABODY, Mass. (AP) _ Meridian Bancorp Inc. (EBSB) on Tuesday reported fourth-quarter profit of $18.1 million.

The Peabody, Massachusetts-based company said it had net income of 36 cents per share.

The holding company for East Boston Savings Bank posted revenue of $68.2 million in the period. Its adjusted revenue was $57.3 million.

For the year, the company reported profit of $65.1 million, or $1.29 per share. Revenue was reported as $210 million.

Meridian Bancorp shares have climbed slightly more than 3% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $15.40, a decline of 20% in the last 12 months.

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

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News