Meridian Corporation
- Open
- 19.57
- Day high
- 20.00
- Day low
- 19.55
- Prev close
- 19.38
- Volume
- 70K
- Mkt cap
- $236M
- P/E (TTM)
- 9.4
- EPS (TTM)
- $2.10
- P/B
- 1.2
- P/S
- 1.2
- Yield
- 2.75%
- Per share
- $0.55
- ▲Insiders net buying $35K over the last 3 months (2 open-market buys, 0 sales)
- 🏛Institutions mixed (13F)
Meridian Corporation (MRBK) is a Financial Services company listed on NASDAQ. The stock is up 30% over the past year. Over the trailing 3 months, insiders filed 2 open-market buys and 0 sales (SEC Form 4).
Meridian Corporation (MRBK) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
MRBK earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 30, 2026 | $0.51 | $0.48 | -5.9% | $33M | -4.8% |
| Apr 23, 2026 | $0.48 | $0.39 | -18.7% | $30M | -4.9% |
| Mar 13, 2026 | — | $0.61 | — | $53M | — |
| Oct 23, 2025 | $0.50 | $0.58 | +16.0% | $33M | +3.7% |
| Jul 24, 2025 | $0.42 | $0.49 | +16.7% | $32M | +2.0% |
| Apr 25, 2025 | $0.33 | $0.21 | -36.4% | $27M | -3.0% |
| Mar 17, 2025 | — | $0.49 | — | $53M | — |
| Oct 24, 2024 | $0.35 | $0.42 | +20.0% | $29M | +9.5% |
| Jul 26, 2024 | $0.31 | $0.30 | -3.2% | $26M | +1.3% |
| Apr 26, 2024 | $0.24 | $0.24 | +0.0% | $25M | +2.9% |
| Mar 15, 2024 | — | $0.05 | — | $44M | — |
| Oct 27, 2023 | $0.38 | $0.35 | -7.9% | $25M | -5.5% |
MRBK insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 25, 2026 | Warriner Kenneth Thomasdirector | Grant | 50 | $19.96 |
| Jun 25, 2026 | Warriner Kenneth Thomasdirector | Buy | 1,000 | $18.00 |
| Jun 10, 2026 | Annas Christopher J.director, officer: Chairman & CEO | Option | 42,000 | $7.62 |
| Jun 10, 2026 | Annas Christopher J.director, officer: Chairman & CEO | Tax | 16,642 | $19.23 |
| May 14, 2026 | Imbesi Anthony Markdirector | Buy | 1,000 | $17.38 |
| May 8, 2026 | Holland Robert T.director | Option | 10,500 | $7.62 |
| Apr 30, 2026 | Hollin Edward J.director | Option | 200 | $13.88 |
| Apr 30, 2026 | Warriner Kenneth Thomasdirector | Buy | 1,000 | $18.41 |
| Apr 3, 2026 | Martindell Clarence Addisofficer: EVP | Grant | 12,000 | $14.43 |
| Apr 3, 2026 | Martindell Clarence Addisofficer: EVP | Option | 4,000 | $9.50 |
| Mar 11, 2026 | Collier George C. IIIdirector | Option | 200 | $6.74 |
| Mar 11, 2026 | Collier George C. IIIdirector | Option | 400 | $9.00 |
| Nov 26, 2025 | Lindsay Denisedirector, officer: EVP, Chief Financial Officer | Grant | 20,000 | $14.43 |
| Nov 26, 2025 | Fox Andrew Nathanofficer: Chief Credit Officer | Grant | 3,500 | $14.43 |
| Nov 26, 2025 | Annas Christopher J.director, officer: Chairman & CEO | Grant | 40,000 | $14.43 |
Source: MRBK SEC Form 4 filings, latest Jun 25, 2026. For informational purposes only — not investment advice.
See the full MRBK insider & 13F page →Meridian Corporation company profile
Overview
Meridian Corporation (NASDAQ:MRBK) is a regional bank holding company founded in 2004 and headquartered in Malvern, Pennsylvania. The company went public in November 2017 and operates as the parent company of Meridian Bank, which provides commercial banking services across Pennsylvania, New Jersey, Delaware, and Maryland. With a network of 6 full-service branches and 19 other offices, Meridian has grown from a local community bank into a regional financial services provider serving the Mid-Atlantic market.
Business
Meridian Corporation operates in the regional banking industry, providing traditional commercial banking products and services to businesses and consumers in the Mid-Atlantic region. The banking industry serves as a financial intermediary, accepting deposits from customers and lending those funds to borrowers while earning interest on the spread between what they pay depositors and what they charge borrowers. The company's core business segments include: 1. **Deposit Services** - Meridian offers various deposit products including demand accounts (checking accounts that don't earn interest), interest-bearing demand accounts, savings accounts, money market accounts, and time deposits (certificates of deposit). These products form the funding base for the bank's lending operations and represent the primary way customers store their money with the institution. 2. **Commercial and Industrial Lending** - This segment provides business financing including lines of credit (revolving credit facilities that businesses can draw upon as needed), term loans (fixed-amount loans with set repayment schedules), small business lending, lease financing, and participation in shared national credits (large loans syndicated among multiple banks). This typically represents the largest revenue-generating segment for regional banks. 3. **Commercial Real Estate Lending** - The bank provides financing for commercial properties, land development projects, and construction loans for both residential and commercial developments. This segment involves higher loan amounts but also carries concentration risk if the local real estate market weakens. 4. **Consumer Banking** - Meridian offers consumer loans, home equity lending, private banking services for high-net-worth individuals, merchant services (payment processing for businesses), and title and land settlement services (facilitating real estate transactions). 5. **Mortgage Banking** - The company originates mortgage loans for single-family homes (1-4 family dwellings), which are typically sold to government-sponsored enterprises or other investors while retaining servicing rights. 6. **Ancillary Services** - Additional services include real estate holding, investment advisory services, and equipment leasing, which provide fee-based income streams.
Revenue model
Meridian Corporation generates revenue primarily through the traditional banking model of net interest income - the difference between interest earned on loans and investments and interest paid on deposits and borrowings. The bank collects deposits from customers at relatively low interest rates and lends those funds at higher rates to borrowers, capturing the interest rate spread. The company's revenue streams include: 1. **Net Interest Income** - The primary revenue source, representing approximately 70-80% of total revenue based on typical regional bank metrics. This comes from the spread between loan yields and deposit costs, with commercial and industrial loans typically offering the highest margins. 2. **Fee Income** - Non-interest income from services such as merchant processing, title and settlement services, loan origination fees, deposit account fees, and investment advisory services. This provides more stable, recurring revenue that isn't dependent on interest rate movements. 3. **Mortgage Banking Income** - Revenue from originating and selling mortgage loans, including gain on sale income and servicing fee income. Several factors can significantly impact Meridian's profitability margins: **Margin-Enhancing Factors**: Rising interest rates generally benefit banks by allowing them to charge higher rates on new loans faster than deposit costs increase. Economic growth in the Mid-Atlantic region drives loan demand and reduces credit losses. Successful cross-selling of fee-based services to existing customers improves efficiency ratios. **Margin-Pressuring Factors**: Intense competition from larger regional banks and credit unions can compress loan pricing and force higher deposit rates. Rising credit losses during economic downturns directly impact net income. Regulatory compliance costs continue to increase for all banks. Interest rate volatility can create asset-liability mismatches, and a flattening or inverted yield curve reduces net interest margins.
Competitive moat
Meridian Corporation operates in the highly competitive regional banking sector with limited sustainable competitive advantages. The company's primary defensive characteristics include its established relationships with commercial customers in the Mid-Atlantic market and its local market knowledge, but these represent relatively weak moats. The bank's competitive position is challenged by several factors. **Scale disadvantages** are significant - with approximately $2.4 billion in assets, Meridian competes against much larger regional banks like PNC, Citizens, and M&T Bank that have greater resources for technology investment, regulatory compliance, and competitive pricing. These larger competitors can offer more comprehensive services and absorb regulatory costs more efficiently. **Limited differentiation** exists in traditional banking products, as deposit accounts and commercial loans are largely commoditized. While Meridian offers personalized service and local decision-making, these advantages can be easily replicated by competitors or overcome by superior pricing and technology platforms. **Geographic concentration risk** in the Mid-Atlantic region means the bank lacks diversification that larger competitors enjoy across multiple markets. Economic weakness in Pennsylvania, New Jersey, Delaware, or Maryland could disproportionately impact Meridian's performance. **Technology and digital banking capabilities** likely lag behind larger competitors, potentially making it difficult to attract younger customers and compete on convenience factors that increasingly drive banking relationships. The most significant competitive threats come from larger regional banks with superior resources, fintech companies offering specialized financial services, and credit unions that can offer more attractive rates due to their tax-advantaged status. Community banks like Meridian increasingly face pressure to either grow significantly through acquisition or risk being acquired themselves to achieve necessary scale economies.
Risks & safety
Meridian Corporation presents a moderate margin of safety profile with some concerning liquidity metrics but reasonable capitalization levels. **Overall Assessment**: The bank maintains adequate capital levels but shows concerning liquidity trends and modest profitability metrics that warrant careful monitoring. • **Liquidity Concerns**: Current ratio of 0.10 indicates potential short-term liquidity stress, though this is partially normal for banks given their business model of borrowing short and lending long. • **Debt and Solvency**: Debt-to-equity ratio of 0.32 is reasonable for a bank, indicating moderate leverage. Total assets of $2.39 billion against liabilities of $2.21 billion provides a modest equity buffer. • **Cash Position**: Cash and short-term investments of $27.5 million represents only 1.2% of total assets, which is relatively low but typical for banks that deploy cash into higher-yielding loans. • **Profitability Metrics**: Return on equity of 9.5% for 2024 is respectable but not exceptional. Price-to-earnings ratio of 9.3x suggests modest valuation, while price-to-book ratio of 0.89x indicates the stock trades below book value. • **Operational Cash Flow**: Positive operating cash flow of $9.6 million for 2024, though quarterly volatility shows some periods of negative cash flow, reflecting the cyclical nature of banking operations. • **Credit Quality**: Without specific provision data, asset quality remains a key monitoring point given the bank's commercial real estate exposure and regional concentration.
Recent development
Based on the available financial data, Meridian Corporation has experienced mixed operational performance over recent years, with some notable strategic developments evident from the financial trends. **Financial Performance Evolution**: The bank showed strong profitability in 2022 with net income of $21.8 million and revenue of $111.9 million, representing peak performance levels. However, 2023 and 2024 showed declining revenue trends, with 2024 revenue of $108.3 million still below 2022 levels, though net income of $16.3 million remained solid. This suggests the bank has been navigating interest rate pressures and competitive challenges while maintaining reasonable profitability. **Balance Sheet Growth**: Total assets have grown from $2.06 billion in 2022 to $2.39 billion in 2024, representing approximately 16% growth over two years. This expansion indicates continued business development efforts and market share gains in the Mid-Atlantic region. **Operational Efficiency Focus**: The bank appears to have been working on operational efficiency, as evidenced by maintaining profitability despite revenue pressures. The company has likely been optimizing its branch network and investing in technology to compete more effectively with larger regional banks. **Capital Management**: The improvement in debt-to-equity ratio from 1.06 in 2022 to 0.32 in 2024 suggests active capital management and potentially some deleveraging activities to strengthen the balance sheet position. **Geographic Expansion**: With operations across four states (Pennsylvania, New Jersey, Delaware, and Maryland), the bank appears to be maintaining its regional focus while potentially deepening market penetration in existing markets rather than pursuing aggressive geographic expansion.
MRBK company profile · for informational purposes only — not investment advice.
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