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Date | Price Target | Rating | Analyst |
---|---|---|---|
1/29/2024 | $14.00 → $13.00 | Overweight → Neutral | Piper Sandler |
4 - Meridian Corp (0001750735) (Issuer)
4 - Meridian Corp (0001750735) (Issuer)
4 - Meridian Corp (0001750735) (Issuer)
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., 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
8-K - Meridian Corp (0001750735) (Filer)
10-Q - Meridian Corp (0001750735) (Filer)
8-K - Meridian Corp (0001750735) (Filer)
SC 13G/A - Meridian Corp (0001750735) (Subject)
SC 13G - Meridian Corp (0001750735) (Subject)
SC 13G/A - Meridian Corp (0001750735) (Subject)
4 - Meridian Corp (0001750735) (Issuer)
4 - Meridian Corp (0001750735) (Issuer)
4 - Meridian Corp (0001750735) (Issuer)
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
Piper Sandler downgraded Meridian Bank from Overweight to Neutral and set a new price target of $13.00 from $14.00 previously