Meridian Bank

MRBK · NASDAQ · Financial Services / Banks - Regional

16.22USD-0.29 (-1.76%)

Price History

Full chart

Market Stats

Previous Close16.51

Open16.51

Day Range16.03 – 16.70

52-Week Range13.40 – 21.36

Volume82.15K

Market Cap229.87M

P/E (TTM)10.53

Forward P/E9.74

EPS1.83

Dividend Yield2.91%

Beta0.63

50-Day Avg19.69

200-Day Avg19.08

About

Meridian Corporation operates as the bank holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, Maryland, and Florida. It provides various deposit products, such as demand non-interest and interest bearing, savings, and money market accounts, as well as time deposits. The company also offers commercial and industrial loans, including business lines of credit, term loans, small business lending, lease financing, shared national credits, and other financing; 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 insurance and land settlement services. In addition, it operates and originates mortgage loans for 1-4 family dwellings; and offers real estate holding, investment advisory, and equipment leasing services, as well as provides financial planning and wealth management services. The company was founded in 2004 and is headquartered in Malvern, Pennsylvania.

Company Details

SectorFinancial Services
IndustryBanks - Regional
CEOMr. Christopher J. Annas
Employees327
Headquarters9 Old Lincoln Highway, Malvern, PA, United States, 19355, USA
Websitehttps://www.meridianbanker.com

Leadership

Mr. Christopher J. AnnasFounder, Chairman, President & CEO · b. 1956
Ms. Denise LindsayExecutive VP, CFO & Director · b. 1967
Mr. Clarence A. MartindellExecutive Vice President of Commercial Real Estate Lending · b. 1968
Mr. Michael Joseph CurryCounsel & Corporate Secretary
Mr. James D. NelsenSenior Credit Officer
Mr. Edward Joseph CarpolettiSenior Vice President of Wealth Management
Thomas J. CampbellSenior Vice President of Residential Lending
Ms. Mary Ann MessmerExecutive Vice President of Private Banking · b. 1955
Mr. David FitzellSenior VP and Director of Residential Lending - MD, DC & VA
Mr. Rocco P. Perate Jr.Executive Vice President of SBA Lending

Financials

Income Statement

Currency: USD	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	32.19M	40.54M	44.26M	58.49M	67.14M	68.39M	73.78M	85.76M	149.57M	159.51M	130.44M	168.55M	197.37M	205.49M
Growth (%)	-	+25.92%	+9.18%	+32.17%	+14.78%	+1.87%	+7.87%	+16.24%	+74.42%	+6.64%	-18.22%	+29.21%	+17.09%	+4.12%
Cost of Revenue	-	-	0	6.02M	6.39M	8.94M	12.98M	17.43M	21.96M	9.48M	21.08M	74.46M	96.43M	93.79M
Gross Profit	32.19M	40.54M	44.26M	52.47M	60.75M	59.45M	60.79M	68.33M	127.61M	150.03M	109.36M	94.09M	100.94M	111.71M
Gross Margin	100.00%	100.00%	100.00%	89.70%	90.48%	86.92%	82.40%	79.68%	85.32%	94.06%	83.84%	55.82%	51.14%	54.36%
Operating Expense	26.25M	0	29.92M	43.03M	53.23M	53.67M	50.30M	54.81M	93.08M	103.73M	81.44M	77.13M	79.15M	83.30M
Operating Income	5.94M	40.54M	14.34M	9.44M	7.52M	5.79M	10.49M	13.51M	34.54M	46.30M	27.92M	16.97M	21.79M	28.40M
Operating Margin	18.46%	100.00%	32.39%	16.13%	11.20%	8.46%	14.22%	15.76%	23.09%	29.03%	21.40%	10.07%	11.04%	13.82%
EBITDA	-1	81.07M	28.67M	10.25M	9.31M	6.75M	11.91M	14.38M	32.46M	41.49M	29.00M	19.44M	24.09M	28.40M
EBITDA Margin	-0.00%	200.00%	64.79%	17.53%	13.87%	9.87%	16.15%	16.77%	21.70%	26.01%	22.23%	11.54%	12.20%	13.82%
Net Income	4.04M	3.87M	4.31M	6.19M	4.92M	3.03M	8.16M	10.48M	26.44M	35.59M	21.83M	13.24M	16.35M	21.84M
Net Income Margin	12.55%	9.54%	9.73%	10.58%	7.33%	4.43%	11.06%	12.22%	17.68%	22.31%	16.73%	7.86%	8.28%	10.63%
Interest Expense	-	-	0	4.59M	5.19M	6.78M	11.41M	16.53M	13.66M	8.41M	18.59M	67.65M	85.03M	78.64M
Interest Expense % of Total Revenue	-	-	0.00%	7.85%	7.73%	9.92%	15.46%	19.27%	9.13%	5.27%	14.25%	40.13%	43.08%	38.27%

Balance Sheet

Currency: USD	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	-	-	582.21M	663.34M	733.69M	856.03M	997.48M	1.15B	1.72B	1.71B	2.06B	2.25B	2.39B	2.56B
Total Liabilities	-	-	68.23M	610.42M	663.73M	754.67M	887.93M	1.03B	1.58B	1.55B	1.91B	2.09B	2.21B	2.36B
Total Equity	-	-	45.04M	52.92M	69.96M	101.36M	109.55M	120.69M	141.62M	165.36M	153.28M	158.02M	171.52M	199.72M
Cash	-	-	10.33M	19.12M	18.48M	24.89M	23.16M	19.11M	34.19M	23.48M	38.39M	56.70M	27.46M	35.78M
Total Debt	-	-	68.23M	114.87M	131.73M	121.92M	129.78M	167.76M	256.67M	81.85M	162.43M	191.73M	174.21M	167.19M
Net Debt	-	-	57.90M	95.75M	113.25M	97.03M	106.62M	148.66M	222.48M	58.37M	124.04M	135.03M	146.75M	131.41M

Cash Flow

Currency: USD	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	-	-	-33.74M	-33.74M	52.13M	10.48M	11.03M	21.57M	-158.14M	165.12M	84.67M	18.85M	9.60M	24.30M
Investing Cash Flow	-	-	-33.55M	-33.55M	-118.01M	-109.64M	-155.60M	-143.08M	-371.02M	-140.51M	-393.15M	-164.19M	-165.00M	-163.90M
Financing Cash Flow	-	-	76.11M	76.11M	65.60M	115.80M	133.02M	136.93M	526.54M	-37.87M	323.39M	163.64M	126.16M	147.92M
Capital Expenditure	0	0	1.32M	1.32M	3.54M	2.41M	1.64M	746.00K	747.00K	5.37M	2.91M	1.82M	568.00K	1.73M
Free Cash Flow	-	-	-	-35.06M	48.59M	8.07M	9.39M	20.82M	-158.89M	159.75M	81.76M	17.03M	9.03M	22.57M
Dividends Paid	-	-	1.10M	1.10M	1.16M	1.17M	1.52M	6.00K	1.52M	9.68M	10.93M	5.61M	5.60M	5.67M
FCF to OCF	-	-	-	103.92%	93.21%	77.00%	85.14%	96.54%	100.47%	96.75%	96.57%	90.33%	94.08%	92.87%
Dividend Paid to FCF	-	-	-	-3.13%	2.38%	14.46%	16.24%	0.03%	-0.96%	6.06%	13.37%	32.96%	62.03%	25.14%

Earnings

Report Date	Aug 30, 2017	Nov 6, 2017	Jan 30, 2018	May 1, 2018	Aug 14, 2018	Oct 29, 2018	Jan 25, 2019	May 23, 2019	Jul 29, 2019	Oct 24, 2019	Jan 27, 2020	Apr 27, 2020	Jul 27, 2020	Oct 26, 2020	Feb 1, 2021	Apr 26, 2021	Jul 26, 2021	Nov 1, 2021	Jan 31, 2022	May 2, 2022	Aug 1, 2022	Oct 31, 2022	Jan 30, 2023	May 2, 2023	Jul 28, 2023	Oct 27, 2023	Jan 26, 2024	Apr 26, 2024	Jul 26, 2024	Oct 24, 2024	Jan 24, 2025	Apr 25, 2025	Jul 24, 2025	Oct 23, 2025	Jan 29, 2026	Apr 23, 2026	Jul 30, 2026	Oct 22, 2026
EPS Estimate	0.00	-	0.14	0.09	0.29	0.18	0.20	0.22	0.17	0.19	0.18	0.12	0.12	0.35	0.42	0.56	0.58	0.57	0.49	0.38	0.46	0.41	0.45	0.32	0.38	0.38	0.28	0.24	0.31	0.35	0.36	0.33	0.42	0.50	0.55	0.48	0.51	0.50
EPS Actual	0.26	0.30	0.08	0.10	0.30	0.24	0.19	0.31	0.21	0.26	0.25	0.20	0.47	0.76	0.74	0.85	0.67	0.76	0.62	0.44	0.48	0.48	0.39	0.34	0.41	0.35	0.05	0.24	0.30	0.42	0.49	0.21	0.49	0.58	0.61	0.39	0.48	-
Surprise	-	-	-42.86%	11.11%	3.45%	33.33%	-5.00%	40.91%	23.53%	36.84%	38.89%	66.67%	291.67%	117.14%	76.19%	51.79%	15.52%	33.33%	26.53%	15.79%	4.35%	17.07%	-13.33%	6.25%	7.89%	-7.89%	-82.14%	0.00%	-3.23%	20.00%	36.11%	-36.36%	16.67%	16.00%	10.91%	-18.75%	-5.88%	-
Timing	-	After-hours	After-hours	Pre-market	-	After-hours	After-hours	Pre-market	After-hours	After-hours	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	Pre-market	Pre-market	After-hours	After-hours	Pre-market	After-hours	After-hours	Pre-market	After-hours	After-hours	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	-

Key Statistics & Ratios

Market Cap229.87M

Enterprise Value351.31M

Trailing P/E10.53

Forward P/E9.74

PEG Ratio1.58

Price / Sales2.02

Price / Book1.11

EPS1.83

Book Value17.18

Revenue (TTM)113.63M

Gross Profit (TTM)113.63M

Profit Margin19.06%

Operating Margin25.18%

Return on Equity11.31%

Return on Assets0.85%

Shares Outstanding11.93M

Shares Float9.76M

Beta0.63

Dividend Yield2.91%

Dividend Rate0.56

Payout Ratio26.46%

Analyst Ratings

Buy

Based on 2 analystsTarget 23.50

Strong Buy
1
Hold
1

Ownership Breakdown

Institutions: 66.84%
Insiders: 20.51%
Retail / Other: 12.65%

Top Institutional Holders

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651.30K5.46%
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558.53K4.68%
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538.39K4.51%
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497.81K4.17%
Vanguard Capital Management, LLC
486.84K4.08%
First Manhattan Co. LLC
437.70K3.67%
Banc Funds Co LLC
369.33K3.10%
American Century Companies Inc
258.34K2.17%
Acadian Asset Management LLC
250.94K2.10%
Geode Capital Management, LLC
213.06K1.79%
Two Sigma Investments LLC
191.06K1.60%
Nuveen, LLC
168.86K1.42%
Arrowstreet Capital Limited Partnership
166.44K1.40%
Wick Capital Partners, LLC
144.52K1.21%
Connor Clark & Lunn Inv Mgmt Ltd
138.03K1.16%
State Street Corp
132.18K1.11%

Top Fund Holders

Vanguard MStar Total Stk Mkt Idx Invest
313.34K2.63%
iShares Russell 2000 ETF
291.29K2.44%
Avantis US Small Cap Value ETF
262.64K2.20%
CREF Total Global Stock Account R3
162.21K1.36%

Dividends

20264×

0.14Nov 9, 20260.14Aug 10, 20260.14May 4, 20260.14Feb 9, 2026

20254×

0.13Nov 10, 20250.13Aug 11, 20250.13May 12, 20250.13Feb 10, 2025

20244×

0.13Nov 12, 20240.13Aug 12, 20240.13May 10, 20240.13Feb 9, 2024

20235×

0.13Nov 10, 20230.13Aug 11, 20230.13May 12, 20230.50Mar 21, 20230.13Feb 13, 2023

20224×

0.10Nov 10, 20220.10Aug 12, 20220.10May 13, 20220.10Feb 11, 2022

20213×

0.10Nov 12, 20210.06Aug 6, 20210.06May 7, 2021

Stock Splits

Mar 21, 20232:1