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., 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., Oct. 31, 2022 (GLOBE NEWSWIRE) -- Meridian Corporation (NASDAQ:MRBK) today reported: Net income of $5.8 million and diluted earnings per share of $0.96 for the third quarter ended September 30, 2022 compared to net income of $5.9 million and diluted earnings per share of $0.96 for the second quarter ended June 30, 2022.Return on average assets for the third quarter of 2022 was 1.23% compared to 1.31% for the second quarter of 2022; return on average equity for the second quarter was 14.59% compared to 15.03% for the prior quarter.Net interest margin decreased to 4.01% in the third quarter of 2022 from 4.07% in the second quarter of 2022.Third quarter commercial loan growth,

MALVERN, Pa., Aug. 01, 2022 (GLOBE NEWSWIRE) -- Meridian Corporation (NASDAQ:MRBK) today reported: Net income of $5.9 million and diluted earnings per share of $0.96 for the second quarter ended June 30, 2022 compared to net income of $5.5 million and diluted earnings per share of $0.88 for the first quarter ended March 31, 2022Return on average assets for the second quarter of 2022 was 1.31% compared to 1.28% for the first quarter of 2022; return on average equity for the second quarter was 15.03% compared to 13.86% for the prior quarterNet interest margin increased to 4.07% in the second quarter of 2022 from 3.89% in the first quarter of 2022Second quarter commercial loan growth, excl

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

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., 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., 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

SC 13G/A - Meridian Corp (0001750735) (Subject)

SC 13G - Meridian Corp (0001750735) (Subject)

SC 13G/A - Meridian Corp (0001750735) (Subject)

SC 13G/A - Meridian Corp (0001750735) (Subject)

SC 13G/A - Meridian Corp (0001750735) (Subject)

SC 13G/A - Meridian Corp (0001750735) (Subject)

SC 13G/A - Meridian Corp (0001750735) (Subject)

SC 13G/A - Meridian Corp (0001750735) (Subject)

SC 13G/A - Meridian Corp (0001750735) (Subject)

SC 13G/A - Meridian Corp (0001750735) (Subject)

What are Value Stocks? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the financial services sector: Meridian (NASDAQ:MRBK) - P/E: 8.52 Intl General Insurance (NASDAQ:IGIC) - P/E: 6.07 Old Second Bancorp (NASDAQ:OSBC) - P/E: 6.61 OceanFirst Financial (NASDAQ:OCFC) - P/E: 8.96 People

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. New York Community Bancorp, Inc. (NYSE:NYCB) On Jan. 31, New York Community Bancorp reported worse-than-expected fourth-quarter fin

Piper Sandler analyst Frank Schiraldi downgrades Meridian (NASDAQ:MRBK) from Overweight to Neutral and lowers the price target from $14 to $13.

Meridian (NASDAQ:MRBK) reported quarterly earnings of $0.05 per share which missed the analyst consensus estimate of $0.28 by 82.14 percent.

Meridian (NASDAQ:MRBK) reported quarterly earnings of $0.35 per share which missed the analyst consensus estimate of $0.38 by 7.89 percent. This is a 27.08 percent decrease over earnings of $0.48 per share from the same period last year.

Meridian (NASDAQ:MRBK) reported quarterly earnings of $0.41 per share which beat the analyst consensus estimate of $0.38 by 7.89 percent. This is a 14.58 percent decrease over earnings of $0.48 per share from the same period last year.

  On Thursday, 498 companies reached new 52-week lows. Things to Consider About Today's 52-Week Lows: Pfizer (NYSE:PFE) was the biggest company in terms of market cap to set a new 52-week low. The smallest company by market cap to set a new 52-week low was NovaBay Pharmaceuticals (AMEX:NBY). Mullen Automotive (NASDAQ:MULN)'s stock traded down the lowest, falling 2028.33% to reach a new 52-week low. Innoviz Technologies (NASDAQ:INVZ) shares were the most resilient, as shares rose 0.0%, rebounding from its new 52-week low. The following stocks created new 52-week lows on Thursday: Pfizer (NYSE:PFE) stock drifted down 0.18% on Thursday morning to hit a new 52-week low of $38.02. C

Keefe, Bruyette & Woods analyst Tim Switzer maintains Meridian (NASDAQ:MRBK) with a Market Perform and lowers the price target from $15 to $13.

Meridian (NASDAQ:MRBK) reported its Q1 earnings results on Tuesday, May 2, 2023 at 01:33 PM. Here's what investors need to know about the announcement. Earnings Meridian beat estimated earnings by 6.25%, reporting an EPS of $0.34 versus an estimate of $0.32. Revenue was down $4.82 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.06 which was followed by a 0.47% drop in the share price the next day. Here's a look at Meridian's past performance: Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022 EPS Estimate 0.45 0.41 0.53 0.39 EPS Actual 0.39 0.48 0.48 0.44 Revenue Estimate 27.86M 28.58M 31.25M 29.15M Revenue Actual 26.51M 28.25M