Meridian Corp MRBK

Financials SIC 6021 - National Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

The Corporation is a bank holding company engaged in banking activities through its wholly-owned subsidiary, Meridian Bank (the "Bank"), a full-service, state-chartered commercial bank with offices in the Delaware Valley tri-state market, which includes Pennsylvania, New Jersey and Delaware, as well as in the Central Maryland market, and southwest Florida. We have a financial services business model with non-interest revenue streams from mortgage banking, the sale of SBA loan guarantees and wealth management services. We provide services to small and middle market businesses, professionals and retail customers throughout our market area. We have a modern, progressive, consultative approach to creating innovative solutions for our customers. We are technology driven, with a culture that incorporates significant use of customer preferred alternative delivery channels, such as mobile banking, remote deposit capture and bank-to-bank ACH. Our ‘Meridian everywhere' philosophy of community presence, along with our strategic business footprint, allows us to provide the high degree of service, convenience and products our customers need to achieve their financial objectives. We provide this service through three principal business line distribution channels, described further below.

Last close 18.72 2026-10-23
Market cap $223.3M 2026-06-30 share count
52-week range 13.92 - 21.67

Valuation FY2025 figures against the last close

P/S35.4x
P/E9.9x
P/FCF9.9x
EV/EBITDA—
Dividend yield2.5%
Diluted EPS1.89

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $6.3M$5.7M$4.9M$4.7M$71.5M$62.7M$52.9M$44.1M$35.7M—
Interest expense $87.7M$71.0M$68.9M$18.6M$8.4M$13.7M$16.5M$11.4M$6.8M—
Pre-tax income $28.4M$21.8M$17.0M$27.9M$46.3M$34.5M$13.5M$10.5M$5.8M—
Income tax $6.6M$5.4M$3.7M$6.1M$10.7M$8.1M$3.0M$2.3M$2.8M—
Net income $21.8M$16.3M$13.2M$21.8M$35.6M$26.4M$10.5M$8.2M$3.0M—
EPS, basic 1.931.471.191.852.964.321.641.280.50—
EPS, diluted 1.891.451.161.792.874.271.631.270.49—
Shares, diluted (wtd. avg.) 11.5M11.2M11.4M12.2M12.4M6.2M6.4M6.4M3,770—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $10.4M$5.6M$56.7M$38.4M$23.5M$36.7M$39.4M$24.0M$35.5M$18.9M
Property, plant and equipment $12.4M$12.2M$13.6M$13.3M$11.8M$7.8M$8.6M$9.6M$9.7M—
Goodwill $899.0K$899.0K$899.0K$899.0K$899.0K$899.0K$899.0K$899.0K——
Other intangibles $2.6M$2.8M$3.0M$3.2M$3.4M$3.6M$3.9M$4.1M——
Total assets $2.56B$2.39B$2.25B$2.06B$1.71B$1.72B$1.15B$997.5M$856.0M—
Short-term debt $106.7M$98.6M$141.2M$113.1M$41.3M$106.9M$123.7M$114.3M$99.8M—
Long-term debt ———$8.9M$0——$6.2M$8.9M—
Total liabilities $2.36B$2.21B$2.09B$1.91B$1.55B$1.58B$1.03B$887.9M$754.7M—
Retained earnings $128.1M$112.0M$101.2M$95.8M$84.9M$59.0M$34.1M$23.6M$15.5M—
Total equity $199.7M$171.5M$158.0M$153.3M$165.4M$141.6M$120.7M$109.6M$101.0M$70.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $24.3M$9.6M$18.9M$84.7M$165.1M-$158.5M$21.6M$11.0M$10.5M—
Depreciation and amortisation $1.4M$2.0M$1.6M$1.4M$1.3M$1.6M$1.7M$1.4M$963.0K—
Stock-based compensation $1.2M$976.0K$1.2M$1.5M$1.6M$763.0K$272.0K———
Capital expenditure $1.7M$568.0K$1.8M$2.9M$5.4M$747.0K$746.0K$1.6M$2.4M—
Investing cash flow -$163.9M-$165.0M-$164.2M-$393.1M-$140.5M-$370.7M-$143.1M-$155.6M-$109.6M—
Financing cash flow $147.9M$126.2M$163.6M$323.4M-$37.9M$526.5M$136.9M$133.0M$115.8M—
Dividends paid $5.7M$5.6M$5.6M$10.9M$9.7M$1.5M————
Buybacks —$0$4.3M$13.0M$3.0M$5.7M$3.0K———

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001750735-26-000027.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 20M 40M 60M 80M Revenue, FY2017: 35.7M Net income, FY2017: 3M Revenue, FY2018: 44.1M Net income, FY2018: 8.2M Revenue, FY2019: 52.9M Net income, FY2019: 10.5M Revenue, FY2020: 62.7M Net income, FY2020: 26.4M Revenue, FY2021: 71.5M Net income, FY2021: 35.6M Revenue, FY2022: 4.7M Net income, FY2022: 21.8M Revenue, FY2023: 4.9M Net income, FY2023: 13.2M Revenue, FY2024: 5.7M Net income, FY2024: 16.3M Revenue, FY2025: 6.3M Net income, FY2025: 21.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $35.7M $44.1M $52.9M $62.7M $71.5M $4.7M $4.9M $5.7M $6.3M
Gross profit — — — — — — — — — —
Net income — $3.0M $8.2M $10.5M $26.4M $35.6M $21.8M $13.2M $16.3M $21.8M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 6021

TickerCompanyMarket capP/ERevenue growth
JPM JPMORGAN CHASE & CO $881.40B 16.6x 2.8%
BAC BANK OF AMERICA CORP /DE/ $353.55B 13.3x 6.8%
WFC WELLS FARGO & COMPANY/MN $249.15B 13.2x -3.8%
C CITIGROUP INC $211.00B 17.3x 5.6%
COF CAPITAL ONE FINANCIAL CORP $125.29B 50.0x 36.3%
USB US BANCORP \DE\ $92.83B 12.9x 4.4%
PNC PNC FINANCIAL SERVICES GROUP, INC. $89.55B 13.5x 7.2%
TFC TRUIST FINANCIAL CORP $59.18B 12.7x -2.1%