 BOSTON, July 22, 2021 GLOBE NEWSWIRE -- Meridian Bancorp, Inc. the Company or Meridian NASDAQ: EBSB, the holding company for East Boston Savings Bank the Bank, announced net income of 16.5 million, or 0.32 per diluted share, for the quarter ended June 30, 2021, compared to 24.3 million, or 0.48 per diluted share for the quarter ended March 31, 2021, and 17.3 million, or 0.34 per diluted share, for the quarter ended June 30, 2020. For the six months ended June 30, 2021, net income was 40.9 million, or 0.81 per diluted share, up from 30.3 million, or 0.60 per diluted share, for the six months ended June 30, 2020. The Companys return on average assets was 1.03 for the quarter ended June 30, 2021, compared to 1.46 for the quarter ended March 31, 2021, and 1.08 for the quarter ended June 30, 2020. For the six months ended June 30, 2021, the Companys return on average assets was 1.25, up from 0.95 for the six months ended June 30, 2020. The Companys return on average equity was 8.32 for the quarter ended June 30, 2021, compared to 12.45 for the quarter ended March 31, 2021, and 9.45 for the quarter ended June 30, 2020. For the six months ended June 30, 2021, the Companys return on average equity was 10.36, up from 8.27 for the six months ended June 30, 2020. 