MRBK Research | Milton Maxwell

MRBK

Meridian Corporation

17.60

+0.24+1.38%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

202.71M

P/E (TTM)

9.94

Basic EPS (TTM)

1.77

Dividend Yield

0.03%

Recent Filings

10-K

FY2025 results

3/13/26Mar 13, 2026

Meridian Corporation drove FY2025 net income to $21.8M, up 33.6% y/y, with net interest income surging 23.5% to $87.7M on 7.0% portfolio loan growth to $2.2B; Q4 momentum shone as construction loans leaped 27.4% y/y while CRE added 6.7%. Yet non-interest income dipped 5.2% sans MSR sales, and provision rose $3.8M to $15.2M amid $11.9M charge-offs (0.55% of avg loans). Deposits climbed 7.6% to $2.2B; quarterly dividends held at $0.125/share before a 12% hike. Q4 accelerated lending. CRE concentrations risk quarterly momentum.

8-K

Q4 earnings up, dividend raised

1/29/26Jan 29, 2026

Meridian Corporation posted Q4 net income of $7.2M, up 8% from Q3, with PPNR climbing 13% to $12.6M on steady 3.77% NIM and commercial loan growth. Board hiked the quarterly dividend 12% to $0.14 per share, payable February 17. Charge-offs rose to 0.16%. Assets hit $2.6B.

10-Q

Q3 FY2025 results

11/7/25Nov 7, 2025

Meridian posted Q3 net income of $6.7M ($0.58 diluted EPS), up 40% y/y, as net interest income jumped 27% to $23.1M on deposit cost cuts while loans grew 7% q/q to $2.2B. Provision rose to $2.9M amid higher nonperformers at 2.6% of loans (SBA guarantees excluded: 2.0%), yet net charge-offs eased to 0.09% annualized. Cash hit $40M; borrowings stood at $137M with $746M FHLB capacity. SBA sales fueled noninterest income. Nonperformers tick up on downgrades.

8-K

Q3 earnings up 19%, dividend declared

10/23/25Oct 23, 2025

Meridian Corporation posted Q3 net income of $6.7 million, up 19% from Q2, fueled by net interest income jumping to $23.1 million and NIM expanding to 3.77%. Commercial loans swelled $54 million while nonperformers ticked to 2.53%. Board declared $0.125/share dividend. Elevated NPLs challenge gains.

10-Q

Q2 FY2025 results

8/8/25Aug 8, 2025

Meridian posted Q2 net income of $5.6M, up 68% y/y, with diluted EPS $0.49 (reconciles to 11.4M shares). Net interest income jumped 26% y/y to $21.2M on falling deposit costs, while provision rose to $3.8M amid loan growth to $2.1B. Noninterest income gained 22% y/y from SBA sales and MSR gain, yet noninterest expense climbed 12% on staffing. Cash hit $50.2M; borrowings $139M (FHLB repos to 2026 at ~4.7-5.2%). Loans steady. Non-GAAP metrics not disclosed in the 10-Q. CRE concentration risks persist.

About

Meridian Corporation operates as the bank holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, Maryland, and Florida. It provides various deposit products, such as demand non-interest and interest bearing, savings, and money market accounts, as well as time deposits. The company also offers commercial and industrial loans, including business lines of credit, term loans, small business lending, lease financing, shared national credits, and other financing; commercial real estate, and land development and construction loans for residential and commercial projects; and consumer and home equity lending, private banking, merchant, and title insurance and land settlement services. In addition, it operates and originates mortgage loans for 1-4 family dwellings; and offers real estate holding, investment advisory, and equipment leasing services, as well as provides financial planning and wealth management services. The company was founded in 2004 and is headquartered in Malvern, Pennsylvania.

CEO

Mr. Christopher J. Annas

IPO

11/7/2017

Website

https://www.meridianbanker.com

Employees

322

Sector

Financial Services

Industry

Banks - Regional