Meridian Interstate Bancorp, Inc. expected to Report Fiscal Year 2009 Results on January 18, 2010. This event was calculated by Capital IQ (Created on November 3, 2009).

Meridian Interstate Bancorp Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $1,888,000 or $0.09 per diluted share compared to net income of $2,143,000 or $0.10 per diluted share for the same period a year ago. Total interest and dividend income was $14,426,000 compared with $13,344,000 for the same period a year ago. Net interest income was $9,515,000 compared with $6,765,000 for the same period a year ago. Income before income taxes was $2,752,000 compared with $3,371,000 for the same period a year ago. Return on average assets was 0.63% compared with 0.80% for the same period a year ago. Return on average equity was 3.86% compared with 4.30% for the same period a year ago. For the nine months, the company reported net income of $1,742,000 or $0.08 per diluted share. Total interest and dividend income was $41,792,000 compared with $39,376,000 for the same period a year ago. Net interest income was $25,639,000 compared with $18,516,000 for the same period a year ago. Income before income taxes was $2,529,000 compared with loss before income taxes of $768,000 for the same period a year ago. Return on average assets was 0.20% compared with negative return on average assets of 0.05% for the same period a year ago. Return on average equity was 1.22% compared with negative return on average equity of 0.27% for the same period a year ago.

Meridian Interstate Bancorp Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. The company reported net income of $962,000 or $0.04 per share basic and diluted, for the quarter ended June 30, 2009, compared to a net loss of $2.2 million, or $0.10 per share basic and diluted for the quarter ended June 30, 2008. Net interest income after provision for loan losses for the quarter ended June 30, 2009 was $7.9 million, an increase of $4.2 million, or 112.7%, from $3.7 million for the quarter ended June 30, 2008. Net interest income for the quarter ended June 30, 2009 was $8.5 million, an increase of $2.6 million, or 43.3%, from the quarter ended June 30, 2008. Total interest and dividend income for the period was $14 million and income before income taxes was $1.3 million against total interest and dividend income of $13 million and loss before income taxes of $3.7 million for the same period a year ago. Return on average assets for the period was 0.33% and return on average equity was 2.03% against negative return on average assets of 0.82% and negative return on average equity of 4.37% for the same period a year ago. The company recorded a net loss of $146,000 or $0.01 per share basic and diluted, and $2.5 million for the six months ended June 30, 2009 and 2008, respectively. Earnings per share information are not applicable for the six months ended June 30, 2008, as shares were not outstanding for the entire period. For the six months ended June 30, 2009, net interest income after provision for loan losses was $15.0 million, an increase of $5.6 million, or 59.3% over the comparable 2008 period. For the six months ended June 30, 2009, net interest income increased by $4.4 million, or 37.2%, to $16.1 million. Total interest and dividend income for the period was $27.4 million and loss before income taxes was $0.2 million against total interest and dividend income of $26.0 million and loss before income taxes of $4.1 million for the same period a year ago. Negative return on average assets for the period was 0.03% and negative return on average equity was 0.15% against negative return on average assets of 0.48% and negative return on average equity of 2.64% for the same period a year ago.