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MRBK

Meridian Corporation

MRBK

Meridian Corporation • NASDAQ
$15.98 ▼ -0.19% (-0.03)
Market Cap $179.43 M
52w High $17.33
52w Low $11.16
Dividend Yield 0.50%
P/E 9.03
Volume 15.04K
Outstanding Shares 11.23M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $53.062M ▲ $21.546M ▲ $6.659M ▲ 12.549% ▲ $0.59 ▲ $8.422M ▲
Q2-2025 $52.499M ▲ $21.357M ▲ $5.592M ▲ 10.652% ▲ $0.5 ▲ $7.569M ▲
Q1-2025 $46.492M ▼ $18.743M ▼ $2.399M ▼ 5.16% ▼ $0.21 ▼ $3.477M ▼
Q4-2024 $53.308M ▲ $21.411M ▲ $5.601M ▲ 10.507% ▲ $0.5 ▲ $8.625M ▲
Q3-2024 $51.15M $20.546M $4.743M 9.273% $0.43 $5.338M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $206.873M ▲ $2.541B ▲ $2.353B ▲ $188.029M ▲
Q2-2025 $136.652M ▼ $2.511B ▼ $2.333B ▼ $178.02M ▲
Q1-2025 $216.57M ▲ $2.529B ▲ $2.355B ▲ $173.266M ▲
Q4-2024 $105.675M ▼ $2.386B ▼ $2.214B ▼ $171.522M ▲
Q3-2024 $203.915M $2.388B $2.22B $167.45M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $6.659M ▲ $24.404M ▲ $-55.273M ▼ $20.684M ▲ $-10.185M ▲ $23.956M ▲
Q2-2025 $5.592M ▲ $-12.045M ▼ $-48.715M ▲ $-20.291M ▼ $-81.051M ▼ $-12.676M ▼
Q1-2025 $2.399M ▼ $18.117M ▲ $-51.834M ▼ $137.48M ▲ $103.763M ▲ $17.858M ▲
Q4-2024 $5.601M ▲ $-704K ▼ $-8.687M ▲ $4.506M ▼ $-4.885M ▼ $-1.05M ▼
Q3-2024 $4.743M $31.216M $-42.976M $20.049M $8.289M $32.958M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Investment Advice
Investment Advice
 $0 ▲$0 ▲$0 ▲$0 ▲
Wealth Segment
Wealth Segment
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Meridian’s income picture shows a steady, relationship‑bank style story rather than a high‑growth one. Revenue has generally trended upward over the last five years, and the bank has remained profitable throughout. Earnings peaked a few years ago, then softened, and more recently started to recover, suggesting it handled a tougher rate and credit environment reasonably well but hasn’t fully returned to prior peak profitability. Overall, margins look solid for a regional bank, but not explosive, and results still appear sensitive to credit conditions and interest rates.

Balance Sheet

Balance Sheet The balance sheet has grown steadily, with total assets moving higher over time and capital building gradually. Equity has inched up, which is what you want to see in a growing bank, and overall leverage looks typical for a regional lender rather than stretched. Debt has risen from earlier leaner years but remains manageable in the context of the asset base. Cash on hand is modest, but for a bank the key is funding structure and asset quality rather than raw cash, so the main message is a cautiously expanding franchise with a reasonable capital base.

Cash Flow

Cash Flow Cash flow has been choppy, which is common for banks because loan growth and deposit flows heavily influence the numbers. There was a period of very strong operating cash flow, followed by a normalization down to more modest levels, and one earlier year with a meaningful outflow. Capital spending has been very light, so free cash flow largely follows operating cash flow. For a lender, this pattern mostly reflects shifts in lending and funding rather than structural problems, but it does underline that reported cash flows can swing significantly from year to year.

Competitive Edge

Competitive Edge Meridian occupies a niche as a tech‑aware community bank with a strong local footprint in the Delaware Valley. Its “branch‑lite” model and emphasis on digital banking help keep costs lower than more branch‑heavy peers, while its high‑touch, relationship‑driven commercial banking builds loyalty with small and mid‑sized businesses. The bank benefits from local knowledge, specialized lending teams, and integrated wealth management, but faces the usual regional bank pressures: heavy competition from national banks and fintechs, geographic concentration, and sensitivity to regional economic cycles.

Innovation and R&D

Innovation and R&D For a community bank, Meridian is unusually active on the innovation front. Project Nova shows it is experimenting with blockchain for payments, loan automation, and digital identity, all aimed at faster, safer, and cheaper operations. The “Price Drop” feature in its app and partnerships like PriceRazzi and Corserv signal a willingness to differentiate on digital services and co‑create products with fintech partners. These efforts could enhance efficiency and customer stickiness over time, but many are still in early stages, so the ultimate impact and execution risk remain open questions.

Summary

Overall, Meridian looks like a steadily growing regional bank that blends traditional relationship banking with selective technology bets. Financially, it has remained consistently profitable, with gradually rising assets and capital, though earnings have cycled with the broader rate and credit environment. The balance sheet and cash flows look typical for a cautious, expanding community lender. Strategically, its lower‑branch, digital‑forward model and local commercial focus provide a clear identity, while its blockchain and fintech initiatives offer potential upside if executed well. Key things to watch include credit quality, interest‑margin pressures, regional economic health, and whether its innovation projects translate into durable cost advantages and deeper customer relationships.

NEWS

November 6, 2025 · 2:01 PM UTC

Meridian Health Plan of Illinois and Centene Foundation Give $300,000 to Food Pantries to Help Tackle Food Insecurity in Illinois

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November 3, 2025 · 6:30 AM UTC

Meridian Mining's Cabaçal Project's Preliminary Licence Approval Formalised by the State of Mato Grosso

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October 30, 2025 · 6:30 AM UTC

Meridian Mining Announces Cabacal's Preliminary Licence Approval by Mato Grosso's CONSEMA Council Meeting

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October 23, 2025 · 5:49 PM UTC

Meridian Corporation Reports Third Quarter 2025 Results and Announces a Quarterly Dividend of $0.125 per Common Share

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October 7, 2025 · 6:30 AM UTC

Meridian Completes Cabaçal DFS Drill Program with Strong Results and Advances Regional Exploration

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