Meridian Corp

Meridian Corp. is a bank holding company, which engages in the provision of commercial and consumer banking services. It operates through the following segments: Banking, Meridian Wealth, and Mortgage Banking. The Banking segment consists of commercial and retail banking. The Meridian Wealth segment offers wealth management services and products. The Mortgage Banking segment consists of the central loan production facility and retail and profit sharing loan production offices. The company was founded by Christopher J. Annas on June 8, 2009 and is headquartered in Malvern, PA.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

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Earnings data Q3 2024

Earnings data Q4 2024

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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Meridian Bank (MRBK) Right Now?

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MRBK, NBTB and JWN made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 7, 2024.

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Meridian Bank (MRBK) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.35 per share a year ago.

Meridian Bank (MRBK) Surpasses Q3 Earnings and Revenue Estimates

MALVERN, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported:   Three Months Ended (Dollars in thousands, except per share data) (Unaudited) September 30, 2024   June 30, 2024   September 30, 2023 Income:           Net income $ 4,743   $ 3,326   $ 4,005 Diluted earnings per common share $ 0.42   $ 0.30   $ 0.35 Pre-tax, pre-provision income (1) $ 8,527   $ 7,072   $ 5,292 (1) See Non-GAAP reconciliation in the Appendix                       Net income for the quarter ended September 30, 2024 was $4.7 million and pre-tax, pre-provision income was $8.5 million1.

Meridian Corporation Reports Third Quarter 2024 Results and Announces a Quarterly Dividend of $0.125 per Common Share

Meridian Bank (MRBK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Meridian Bank (MRBK) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

The biggest earnings catalyst is interest rate cuts, which will provide a much-needed boost to MRBK's mortgage banking business. The net interest income will also grow because rate cuts and a conducive economic environment will drive loan growth. The December 2025 target price suggests a moderate upside from the October 15 closing price. Additionally, MRBK is offering a dividend yield of 3.9%.

Meridian Corporation: Rate Cuts To Boost Mortgage Banking Income

Meridian Bank (MRBK) came out with quarterly earnings of $0.30 per share, missing the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.41 per share a year ago.

Meridian Bank (MRBK) Q2 Earnings Lag Estimates

MALVERN, Pa., July 26, 2024 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported:   Three Months Ended (Dollars in thousands, except per share data)((Unaudited) June 30, 2024   March 31, 2024   June 30, 2023 Income:           Net income $ 3,326   $ 2,676   $ 4,645 Diluted earnings per common share $ 0.30   $ 0.24   $ 0.41 Pre-tax, pre-provision income (1) $ 7,072   $ 6,419   $ 6,607 (1) See Non-GAAP reconciliation in the Appendix           Commercial loans, excluding leases, increased $40.7 million, or 3%, for the quarter and $112.3 million, or 8%, year over year.

Meridian Corporation Reports Second Quarter 2024 Results and Announces a Quarterly Dividend of $0.125 per Common Share

Meridian Corporation: Patience Is Required

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MALVERN, Pa., May 08, 2024 (GLOBE NEWSWIRE) -- Meridian Bank announced the appointment of Christopher E. McDermott to the position of Senior Vice President, Commercial Lending. He'll join other members of the Meridian Commercial Lending Team in serving business customers in Bucks and Montgomery Counties.

Chris McDermott Joins Meridian Bank as SVP, Commercial Lending

Meridian Bank (MRBK) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.34 per share a year ago.

Meridian Bank (MRBK) Beats Q1 Earnings and Revenue Estimates

MALVERN, Pa., April 26, 2024 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported:   Three Months Ended   (Dollars in thousands, except per share data)((Unaudited) March 31, 2024   December 31, 2023   March 31, 2023   Income:             Net income $ 2,676   $ 571   $ 4,021   Diluted earnings per common share $ 0.24   $ 0.05   $ 0.34   Pre-tax, pre-provision income (1) $ 6,419   $ 5,356   $ 6,526   Pre-tax, pre-provision income - Bank (1) $ 6,406   $ 5,757   $ 8,358   (1) See Non-GAAP reconciliation in the Appendix             Commercial loans, excluding leases, increased $71.6 million, or 5%, for the quarter and $137.1 million, or 10%, year over year.

Meridian Corporation Reports First Quarter 2024 Results and Announces a Quarterly Dividend of $0.125 per Common Share

Meridian Corp (MRBK) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Strength Seen in Meridian Corp (MRBK): Can Its 6.6% Jump Turn into More Strength?

MALVERN, Pa., April 15, 2024 (GLOBE NEWSWIRE) -- Meridian Bank announced the appointment of Patrick Hart to the position of Senior Vice President, Commercial Lending. As part of the bank's Chester County team, he'll partner with commercial and industrial organizations throughout that community.

Patrick Hart Joins Meridian Bank as SVP, Commercial Lending

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MALVERN, Pa., Jan. 26, 2024 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported:   Three Months Ended   Year Ended (Dollars in thousands, except per share data)((Unaudited) December 31, 2023   September 30, 2023   December 31, 2023   December 31, 2022 Income:               Net income $ 571     $ 4,005     $ 13,243     $ 21,829   Diluted earnings per common share $ 0.05     $ 0.35     $ 1.16     $ 1.79   Pre-tax, pre-provision income (1) $ 5,356     $ 5,292     $ 23,782     $ 30,408   Pre-tax, pre-provision income - Bank (1) $ 5,757     $ 6,399     $ 27,751     $ 31,004   (1) See Non-GAAP reconciliation in the Appendix               Total assets at December 31, 2023 and September 30, 2023 were $2.2 billion, compared to $2.1 billion at December 31, 2022.

Meridian Corporation Reports Fourth Quarter 2023 Results and Announces a Quarterly Dividend of $0.125 per Common Share

Meridian Corporation is a small regional bank with potential for growth and it offers banking services and wealth management solutions. The bank has shown mixed financial performance, with net interest income growing but non-interest income declining. Despite weaknesses, Meridian has seen growth in assets, deposits, and book value, making it a solid investment opportunity.

Meridian Corporation Offers Attractive Prospects Despite Volatile Results

MALVERN, Pa., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Meridian Bank (Nasdaq: MRBK) has been ranked a top lender in the Small Business Administration's Eastern Pennsylvania District.

Meridian Bank Ranked Top SBA Lender

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CASA, CASS and MRBK have been added to the Zacks Rank #5 (Strong Sell) List on November 24, 2023.

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Meridian Bank (MRBK) came out with quarterly earnings of $0.35 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.48 per share a year ago.

Meridian Bank (MRBK) Lags Q3 Earnings and Revenue Estimates

MALVERN, Pa., Oct. 27, 2023 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported: Net income of $4.0 million and diluted earnings of $0.35 per share for the third quarter ended September 30, 2023.

Meridian Corporation Reports Third Quarter 2023 Results and Announces a Quarterly Dividend of $0.125 per Common Share

Meridian Bank (MRBK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Meridian Bank (MRBK) to Report a Decline in Earnings: What to Look Out for

MALVERN, Pa., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Meridian Bank (Nasdaq: MRBK) announced the retirement of Joseph Cafarchio, Chief Credit Officer, effective October 13, 2023.

News for Meridian Corp Stock (MRBK)