Meridian Bancorp Inc's Corporate Customers have recorded an advance in their cost of revenue by 0.77 % in the 3 quarter 2019 year on year, sequentially costs of revenue grew by 18.6 %. During the corresponding time, Meridian Bancorp Inc recorded a revenue increase by 7.88 % year on year, sequentially revenue fell by -0.52 %. While revenue at the Meridian Bancorp Inc 's corporate clients recorded rose by 4.62 % year on year, sequentially revenue grew by 12.69 %.
Meridian Bancorp Inc's Customers have recorded an advance in their cost of revenue by 0.77 % in the 3 quarter 2019 year on year, sequentially costs of revenue grew by 18.6 %, for the same period Meridian Bancorp Inc recorded revenue increase by 7.88 % year on year, sequentially revenue fell by -0.52 %.
Meridian Bancorp Inc's Comment on Sales, Marketing and Customers
We consider the greater Boston metropolitan area to be our primary market
area. While our primary deposit-gathering area is concentrated in the greater
Boston metropolitan area, our lending area encompasses a broader market that
includes most of eastern Massachusetts east of Route 93, including Cape Cod,
and portions of southeastern New Hampshire and Maine. We conduct our operations
through our 29 full-service offices and three loan centers located in the following
counties, all of which are located in the greater Boston metropolitan area:
Essex (five offices and two loan centers), Middlesex (seven offices) and Suffolk
(17 offices and one loan center). The greater Boston metropolitan area is the
10th largest metropolitan area in the United States. Located adjacent to major
transportation corridors, the Boston metropolitan area provides a highly diversified
economic base, with major employment sectors ranging from services, manufacturing
and wholesale retail trade, to finance, technology and medical care.
Meridian Bancorp Inc’s Comment on Sales, Marketing and Customers
We consider the greater Boston metropolitan area to be our primary market
area. While our primary deposit-gathering area is concentrated in the greater
Boston metropolitan area, our lending area encompasses a broader market that
includes most of eastern Massachusetts east of Route 93, including Cape Cod,
and portions of southeastern New Hampshire and Maine. We conduct our operations
through our 29 full-service offices and three loan centers located in the following
counties, all of which are located in the greater Boston metropolitan area:
Essex (five offices and two loan centers), Middlesex (seven offices) and Suffolk
(17 offices and one loan center). The greater Boston metropolitan area is the
10th largest metropolitan area in the United States. Located adjacent to major
transportation corridors, the Boston metropolitan area provides a highly diversified
economic base, with major employment sectors ranging from services, manufacturing
and wholesale retail trade, to finance, technology and medical care.
Sources:
Meridian Bancorp Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Meridian Bancorp Inc’s corporate clients.
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