Meridian Corporation operates as the holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, and Maryland. The company offers various deposit products, such as demand non-interest bearing, demand interest bearing, savings accounts, money market accounts, and time deposits. It also provides commercial and industrial loans comprising business lines of credit, term loans, small business lending, lease financing, and shared national credits; 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 and land settlement services. In addition, the company operates and originates mortgage loans for 1-4 family dwellings; and offers real estate holding, investment advisory, and electronic payment and cash management services. It operates through 17 offices. The company was founded in 2004 and is headquartered in Malvern, Pennsylvania.
IPO Year: 2017
Exchange: NASDAQ
Website: meridianbanker.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/29/2024 | $14.00 → $13.00 | Overweight → Neutral | Piper Sandler |
Piper Sandler downgraded Meridian Bank from Overweight to Neutral and set a new price target of $13.00 from $14.00 previously
4 - Meridian Corp (0001750735) (Issuer)
4 - Meridian Corp (0001750735) (Issuer)
4 - Meridian Corp (0001750735) (Issuer)
4 - Meridian Corp (0001750735) (Issuer)
4 - Meridian Corp (0001750735) (Issuer)
4 - Meridian Corp (0001750735) (Issuer)
4 - Meridian Corp (0001750735) (Issuer)
4 - Meridian Corp (0001750735) (Issuer)
4 - Meridian Corp (0001750735) (Issuer)
4 - Meridian Corp (0001750735) (Issuer)
MALVERN, Pa., April 25, 2025 (GLOBE NEWSWIRE) -- Meridian Corporation (NASDAQ:MRBK) today reported: Three Months Ended(Dollars in thousands, except per share data)((Unaudited)March 31,2025 December 31,2024 March 31,2024Income: Net income$2,399 $5,600 $2,676Diluted earnings per common share$0.21 $0.49 $0.24Pre-provision net revenue (PPNR) (1)$8,357 $11,167 $6,419(1) See Non-GAAP reconciliation in the Appendix Net income for the quarter ended March 31, 2025 was $2.4 million, or $0.21 per diluted share.Pre-provision net revenue1 for the quarter was $8.4 million, up $1.9 million or 30.2% from 1Q 2024.Net interest margin was 3.46% for the first quarter of 2025, with a loan yiel
MALVERN, Pa., Jan. 24, 2025 (GLOBE NEWSWIRE) -- Meridian Corporation (NASDAQ:MRBK) today reported: Three Months Ended Year Ended(Dollars in thousands, except per share data)(Unaudited)December 31,2024 September 30,2024 December 31,2024 December 31,2023Income: Net income$5,601 $4,743 $16,346 $13,243Diluted earnings per common share$0.49 $0.42 $1.45 $1.16Pre-tax, pre-provision income(1)$11,168 $8,527 $33,186 $23,782(1) See Non-GAAP reconciliation in the Appendix Net income for the quarter ended December 31, 2024 was $5.6 million, or $0.49 per diluted share and $16.3 million, or $1.45 per diluted share, for the year.Pre-tax, pre-provision income1 for the quarter and the
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 30,2023Income: Net income$4,743 $3,326 $4,005Diluted earnings per common share$0.42 $0.30 $0.35Pre-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.Return on average assets and return on average equity for the third quarter of 2024 were 0.80% and 11.41%, respectively.Net interest margin was 3.20%
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 30,2023Income: Net income$3,326 $2,676 $4,645Diluted earnings per common share$0.30 $0.24 $0.41Pre-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.Total assets at June 30, 2024 were $2.4 billion, compared to $2.3 billion at March 31, 2024 and $2.2 billion at June 30, 2023.Pre-tax, pre-provision income was
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.Total assets at March 31, 2024 were $2.3 billion, compared to $2.2 billion at December
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 31,2022Income: 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.Commerci
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.Return on average assets and return on average equity for the third quarter of 2023 were 0.73% and 10.17%, respectively.Net interest margin was 3.29% for the third quarter of 2023, with a loan yield of 7.08%.Total assets at September 30, 2023 and June 30, 2023 were $2.2 billion, compared to $1.9 billion at September 30, 2022.Third quarter overall commercial loan growth was $21.3 million, or 6.1% annualized; residential and home equity loans increased by $15.1 million on a combine
MALVERN, Pa., May 02, 2023 (GLOBE NEWSWIRE) -- Meridian Corporation (NASDAQ:MRBK) today reported: Net income of $4.0 million and diluted earnings per share of $0.34 for the first quarter ended March 31, 2023.Return on average assets and return on average equity for the first quarter of 2023 were 0.78% and 10.65%, respectively.Net interest margin was 3.61% for the first quarter of 2023.Total assets at March 31, 2023 were $2.2 billion, compared to $2.1 billion at December 31, 2022 and $1.8 billion at March 31, 2022.First quarter commercial loan growth was $61.3 million, or 16.9% annualized; residential and home equity loans increased by $19.6 million.First quarter deposit growth was $57.9 m
MALVERN, Pa., Feb. 28, 2023 (GLOBE NEWSWIRE) -- Meridian Corporation (the "Company") (NASDAQ:MRBK) today announced that it has approved and declared a two-for-one stock split in the form of a 100% stock dividend on its outstanding shares of common stock. Each shareholder of record as of the close of business on March 14, 2023 will receive one additional share of Company common stock for each share then held, to be distributed after the close of business on March 20, 2023. Based on the number of shares currently outstanding, the Company will have 11,405,184 shares of common stock issued and outstanding, net of treasury shares, on a split-adjusted basis. Christopher J. Annas, Chairman and C
MALVERN, Pa., Jan. 30, 2023 (GLOBE NEWSWIRE) -- Meridian Corporation (NASDAQ:MRBK) today reported: Net income of $21.8 million and diluted earnings per share of $3.58 for the year ended December 31, 2022, and net income of $4.6 million and diluted earnings per share of $0.77 for the fourth quarter ended December 31, 2022.Return on average assets and return on average equity for the year ended December 31, 2022 were 1.18% and 13.87%, respectively; while the return on average assets and return on average equity for the fourth quarter of 2022 were 0.92% and 11.91%, respectively.Net interest margin was 3.98% for the year ended December 31, 2022 and 3.93% for the fourth quarter of 2022
MALVERN, Pa., April 25, 2025 (GLOBE NEWSWIRE) -- Meridian Corporation (NASDAQ:MRBK) today reported: Three Months Ended(Dollars in thousands, except per share data)((Unaudited)March 31,2025 December 31,2024 March 31,2024Income: Net income$2,399 $5,600 $2,676Diluted earnings per common share$0.21 $0.49 $0.24Pre-provision net revenue (PPNR) (1)$8,357 $11,167 $6,419(1) See Non-GAAP reconciliation in the Appendix Net income for the quarter ended March 31, 2025 was $2.4 million, or $0.21 per diluted share.Pre-provision net revenue1 for the quarter was $8.4 million, up $1.9 million or 30.2% from 1Q 2024.Net interest margin was 3.46% for the first quarter of 2025, with a loan yiel
MALVERN, Pa., Jan. 24, 2025 (GLOBE NEWSWIRE) -- Meridian Corporation (NASDAQ:MRBK) today reported: Three Months Ended Year Ended(Dollars in thousands, except per share data)(Unaudited)December 31,2024 September 30,2024 December 31,2024 December 31,2023Income: Net income$5,601 $4,743 $16,346 $13,243Diluted earnings per common share$0.49 $0.42 $1.45 $1.16Pre-tax, pre-provision income(1)$11,168 $8,527 $33,186 $23,782(1) See Non-GAAP reconciliation in the Appendix Net income for the quarter ended December 31, 2024 was $5.6 million, or $0.49 per diluted share and $16.3 million, or $1.45 per diluted share, for the year.Pre-tax, pre-provision income1 for the quarter and the
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 30,2023Income: Net income$4,743 $3,326 $4,005Diluted earnings per common share$0.42 $0.30 $0.35Pre-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.Return on average assets and return on average equity for the third quarter of 2024 were 0.80% and 11.41%, respectively.Net interest margin was 3.20%
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 30,2023Income: Net income$3,326 $2,676 $4,645Diluted earnings per common share$0.30 $0.24 $0.41Pre-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.Total assets at June 30, 2024 were $2.4 billion, compared to $2.3 billion at March 31, 2024 and $2.2 billion at June 30, 2023.Pre-tax, pre-provision income was
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 began his long banking career right out of high school. He started as a clerk at Girard Bank and advanced through that organization while he simultaneously earned his degree in finance from LaSalle College. Moving from branch manager into commercial lending, he was a lender for both large and small institutions during the extended period of mergers and acquisitions in the Philadelph
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.Total assets at March 31, 2024 were $2.3 billion, compared to $2.2 billion at December
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. Hart received his undergraduate degree in accounting from Drexel University, followed by an MBA in finance from Drexel. He has spent his entire 25-year banking career in the Greater Philadelphia region, serving with community banks and larger regional institutions. He brings expertise in both the credit and lending areas to his position at Meridian. Marc Pelletier, Meridian SVP and Regional Team L
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 31,2022Income: 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.Commerci
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 placed first in dollar volume and third in the total number of SBA 7(a) loans in the most recent SBA fiscal year 2023 (10/1/2022-9/30/2023). During that period, Meridian provided $128.8 million in 7(a) lending through 138 loans, continuing a steady increase over the past four years. This also ranks Meridian as the third lender in New Jersey in volume and number of loans, and the 47th lender in the nation by volume. Meridian's SBA Lending Team is led by Rocco Perate, Executive Vice President, SBA Lendin
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.Return on average assets and return on average equity for the third quarter of 2023 were 0.73% and 10.17%, respectively.Net interest margin was 3.29% for the third quarter of 2023, with a loan yield of 7.08%.Total assets at September 30, 2023 and June 30, 2023 were $2.2 billion, compared to $1.9 billion at September 30, 2022.Third quarter overall commercial loan growth was $21.3 million, or 6.1% annualized; residential and home equity loans increased by $15.1 million on a combine
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 began his long banking career right out of high school. He started as a clerk at Girard Bank and advanced through that organization while he simultaneously earned his degree in finance from LaSalle College. Moving from branch manager into commercial lending, he was a lender for both large and small institutions during the extended period of mergers and acquisitions in the Philadelph
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. Hart received his undergraduate degree in accounting from Drexel University, followed by an MBA in finance from Drexel. He has spent his entire 25-year banking career in the Greater Philadelphia region, serving with community banks and larger regional institutions. He brings expertise in both the credit and lending areas to his position at Meridian. Marc Pelletier, Meridian SVP and Regional Team L
MALVERN, Pa., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Meridian Bank (NASDAQ:MRBK) announced the retirement of Joseph Cafarchio, Chief Credit Officer, effective October 13, 2023. Mr. Cafarchio has served in the position since Meridian's inception in 2004. Prior to joining Meridian, Joe had a long career in the Philadelphia-area banking community, including positions with National Penn Bank, Stonebridge Bank and the Philadelphia Federal Reserve, where he started his career after graduating from Wharton. Before entering the financial world, he pursued his other professional passion as a saxophonist in a nationally touring band. While at Meridian, Joe often combined these two areas of talent by b
MALVERN, Pa., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Meridian Corporation (NASDAQ:MRBK) today announced that Christine M. Helmig, CPA, has been appointed to an open position on the Board of Directors of Meridian Corporation and its principal subsidiary, Meridian Bank, effective immediately. "Ms. Helmig is a great addition to our Board of Directors," said Chris Annas, Chairman. "Chrissy has been a long-standing friend of Meridian. Her experience and dedication along with her alignment to our vision and core values will add considerable value to our board." Ms. Helmig is the Chief Financial Officer of Hankin Group, a real estate development, construction and property management company. Previou
10-Q - Meridian Corp (0001750735) (Filer)
8-K - Meridian Corp (0001750735) (Filer)
8-K - Meridian Corp (0001750735) (Filer)
DEFA14A - Meridian Corp (0001750735) (Filer)
DEFA14A - Meridian Corp (0001750735) (Filer)
DEF 14A - Meridian Corp (0001750735) (Filer)
10-K - Meridian Corp (0001750735) (Filer)
8-K - Meridian Corp (0001750735) (Filer)
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8-K - Meridian Corp (0001750735) (Filer)
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4 - Meridian Corp (0001750735) (Issuer)
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