MRBK

MALVERN, Pa., May 04, 2026 (GLOBE NEWSWIRE) -- Meridian Corporation ("Meridian", "we", or the "Corporation") (Nasdaq: MRBK) today is reporting revised results for the first quarter of 2026, which revises the original results of operations reported in the Corporation’s press release dated April 23, 2026 due to the Corporation becoming aware of a loan status change from the lead participant bank subsequent to the release of the Corporation’s results on April 23, 2026. The revised results of operations reported in this release will be consistent with the financial information presented in the Corporation’s Quarterly Report on Form 10-Q when filed with the Securities and Exchange Commission. Net income for the quarter ended March 31, 2026 was $2.0 million, or $0.17 per diluted share, down $5.2 million, or 72%, from prior quarter. Pre-provision net revenue1 for the quarter was $10.1 million, an improvement of $1.7 million, or 21%, from Q1'2025. Net interest margin improved to 3.82% for the first quarter of 2026 compared to the prior quarter, while the loan yield declined to 7.03%, and cost of funds declined to 3.04% over the same period. Return on average assets and return on average equity for the first quarter of 2026 were 0.32% and 4.02%, respectively. Total assets at March 31, 2026 were $2.6 billion, compared to $2.6 billion at December 31, 2025 and $2.5 billion at March 31, 2025. Commercial loans, excluding leases, increased $14.1 million, or 1% from prior quarter. On April 23, 2026, the Board of Directors declared a quarterly cash dividend of $0.14 per common share, payable May 11, 2026 to shareholders of record as of May 4, 2026. Select Condensed Financial Information Income Statement - First Quarter 2026 Compared to Fourth Quarter 2025 First quarter net income decreased $5.2 million, or 72.1%, to $2.0 million due largely to a decrease in non-interest income of $3.6 million, a decrease in net interest income of $425 thousand, and an increase of $4.2 million in the provision for credit losses, while non-interest expense decreased $1.5 million over the prior quarter. Income tax expense decreased $1.5 million over the prior quarter. Detailed explanations of the major categories of income and expense follow below. Net Interest income The rate/volume analysis table below analyzes dollar changes in the components of interest income and interest expense as they r...

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks' without any revenue, let alone profit. Unfortunately, these high risk investments often have little probability of ever paying off, and many investors pay a price to learn their lesson. Loss making companies can act like a sponge for capital - so investors should be cautious that they're not throwing good money after bad. If this kind of company isn't your style, you like companies that generate revenue, and even earn profits, then you may well be interested in Meridian (NASDAQ:MRBK). While profit isn't the sole metric that should be considered when investing, it's worth recognising businesses that can consistently produce it. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. The market is a voting machine in the short term, but a weighing machine in the long term, so you'd expect share price to follow earnings per share (EPS) outcomes eventually. Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS. We can see that in the last three years Meridian grew its EPS by 5.1% per year. This may not be setting the world alight, but it does show that EPS is on the upwards trend. One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing. Our analysis has highlighted that Meridian's revenue from operations did not account for all of their revenue in the previous 12 months, so our analysis of its margins might not accurately reflect the underlying business. EBIT margins for Meridian remained fairly unchanged over the last year, however the company should be pleased to report its revenue growth for the period of 15% to US$116m. That's encouraging news for the company! In the chart below, you can see how the company has grown earnings and revenue, over time. To see the actual numbers, click on the chart. See our latest analysis for Meridian Of course the knack is to find stocks that have their best days in the future, not in the past. You could base your opinion on past performance, of course, but you may also want to check this interactive graph of professional analyst EPS forecasts for Meridian. Investors are always searching for a vote of confidence in the comp...

Meridian Bank (MRBK) came out with quarterly earnings of $0.39 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -17.90%. A quarter ago, it was expected that this company would post earnings of $0.55 per share when it actually produced earnings of $0.61, delivering a surprise of +10.91%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Meridian Bank, which belongs to the Zacks Banks - Northeast industry, posted revenues of $30.24 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 2.71%. This compares to year-ago revenues of $27.1 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Meridian Bank shares have added about 14.9% since the beginning of the year versus the S&P 500's gain of 4.3%. While Meridian Bank has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Meridian Bank was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy...

MALVERN, Pa., April 23, 2026 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported: Net income for the quarter ended March 31, 2026 was $4.7 million, or $0.39 per diluted share, down $2.5 million, or 34%, from prior quarter. Pre-provision net revenue1 for the quarter was $10.1 million, an improvement of $1.7 million, or 21%, from Q1'2025. Net interest margin improved to 3.82% for the first quarter of 2026 compared to the prior quarter, while the loan yield declined to 7.03%, and cost of funds declined to 3.04% over the same period. Return on average assets and return on average equity for the first quarter of 2026 were 0.74% and 9.44%, respectively. Total assets at March 31, 2026 were $2.6 billion, compared to $2.6 billion at December 31, 2025 and $2.5 billion at March 31, 2025. Commercial loans, excluding leases, increased $17.9 million, or 1% from prior quarter. On April 23, 2026, the Board of Directors declared a quarterly cash dividend of $0.14 per common share, payable May 11, 2026 to shareholders of record as of May 4, 2026. Christopher J. Annas, Chairman and CEO commented: “Meridian’s first quarter 2026 earnings totaled $4.7 million, nearly doubling from Q1'2025, resulting from continued improvement in the net interest margin to 3.82% for the first quarter 2026 from 3.46% in Q1'2025. The margin improvement is coming from deposit repricing and some repositioning in the deposit base. SBA loan sale income was down significantly after a management change, but we expect a rebound towards year end. Mortgage banking income (loss) was similar to Q1'2025 with seasonality, and if housing inventory continues to improve we’ll achieve increased originations this year. Pre‑provision net revenue increased nearly 20% year over year, underscoring the durability of our underlying operating performance. Credit costs remained elevated during the quarter, driven largely by charge‑offs in our SBA and leasing portfolios that trace back to loans originated during the low‑rate environment of 2020 and 2021. We are actively working these credits through restructurings, liquidations, and recoveries, and more than half of our non‑performing SBA balances carry government guarantees. While the remediation process is neither fast nor linear, we have a focused approach to addressing these exposures. Commercial loan growth was slower during the quarter, as our C&I gro...

Midland States Bancorp (MSBI) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.6 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +32.77%. A quarter ago, it was expected that this company would post earnings of $0.7 per share when it actually produced earnings of $0.53, delivering a surprise of -24.29%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Midland States Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $79.54 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 5.36%. This compares to year-ago revenues of $75.95 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Midland States Bancorp shares have added about 9% since the beginning of the year versus the S&P 500's gain of 4.3%. While Midland States Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Midland States Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complet...

Bankwell Financial Group, Inc. (BWFG) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $0.87 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +14.63%. A quarter ago, it was expected that this company would post earnings of $1.2 per share when it actually produced earnings of $1.15, delivering a surprise of -4.17%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Bankwell Financial Group, which belongs to the Zacks Banks - Northeast industry, posted revenues of $30.34 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 3.97%. This compares to year-ago revenues of $23.57 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Bankwell Financial Group shares have added about 11.1% since the beginning of the year versus the S&P 500's gain of 3.2%. While Bankwell Financial Group has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Bankwell Financial Group was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. Yo...

MALVERN, Pa., Jan. 29, 2026 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported: Net income for the quarter ended December 31, 2025 was $7.2 million, or $0.61 per diluted share, up $527 thousand, or 8%, from prior quarter. Pre-provision net revenue1 for the quarter was $12.6 million, an improvement of $1.4 million, or 13%. from Q4'2024. Net interest margin was 3.77% for the fourth quarter of 2025, while the loan yield declined to 7.15%, and cost of funds declined to 3.23% from the prior quarter. Return on average assets and return on average equity for the fourth quarter of 2025 were 1.10% and 14.79%, respectively. Total assets at December 31, 2025 were $2.6 billion, compared to $2.5 billion at September 30, 2025 and $2.4 billion at December 31, 2024. Commercial loans, excluding leases, increased $35.2 million, or 2% from prior quarter. On January 29, 2026, the Board of Directors declared a quarterly cash dividend of $0.14 per common share, payable February 17, 2026 to shareholders of record as of February 9, 2026. This is an increase of $0.015 or 12%, compared to the quarterly cash dividend of $0.125 per common share declared in the prior quarter. Christopher J. Annas, Chairman and CEO commented: "Meridian's fourth quarter earnings grew 7.9% over the prior quarter, to $7.2 million. Annual earnings grew 33.6% over 2024 to $21.8 million. Year-over-year growth of our core commercial, industrial, and real estate loan portfolios equaled 10.7%, driven mostly through new and existing loan relationships, and despite SBA loan sales and a $25 million residential mortgage sale to reallocate to commercial. The exceptional loan growth has been sustainable over the years due to targeted lending hires, training new candidates and devising new ways to capitalize on market disruption. The net interest margin has improved throughout 2025 mostly from lower deposit rates. We have benefited from lower core deposit rates to our commercial business because of pricing elasticity, but also from excellent management of our brokered deposit stack, which is similar in proportion to traditional branch banks’ CDs. Expenses were relatively flat from prior quarter, and up just 5.2% year over year. Although we are currently facing higher levels of nonperforming loans and leases, we are seeing slow progress as recoveries are improving and assets are migrating to our posse...

Carter Bankshares, Inc. (CARE) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +24.24%. A quarter ago, it was expected that this company would post earnings of $0.39 per share when it actually produced earnings of $0.26, delivering a surprise of -33.33%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Carter Bankshares, which belongs to the Zacks Banks - Northeast industry, posted revenues of $39.99 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 2.52%. This compares to year-ago revenues of $34.7 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Carter Bankshares shares have added about 1.3% since the beginning of the year versus the S&P 500's gain of 1.9%. While Carter Bankshares has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Carter Bankshares was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of tod...

Meridian (MRBK) posted a notable turnaround this year, reporting net profit margins of 18.5% versus last year’s 12.3% and achieving 79% earnings growth after several years of decline. The stock is trading at $15.34, well below the estimated fair value of $23.77 and at a Price-to-Earnings ratio of 8.4x. This is attractive compared to both the peer average and the US Banks industry average of 11.2x. Investors will likely focus on these margin improvements and the stock's valuation discount, especially given that the longer-term record has seen annual earnings decline by 18.1% over five years. See our full analysis for Meridian. Next up, we’ll set these fresh numbers against the current market narratives to see whether the newest results confirm the prevailing outlook or challenge some long-held assumptions. Curious how numbers become stories that shape markets? Explore Community Narratives Meridian’s earnings declined at an average annual rate of 18.1% over the last five years, a longer-term trend that contrasts sharply with the recent rebound. While bulls may celebrate the 79% jump in the most recent period, a closer look at the five-year average highlights substantial pressure on core profit generation in prior years. This persistent decline limits how much weight can be given to one year of strong growth compared to a multi-year erosion in profitability. Profit margin recovery is a positive signal, but maintaining gains after such a prolonged slide remains a challenge for bullish investors and management alike. The net profit margin now sits at 18.5% compared to last year’s 12.3%, placing Meridian ahead of many US Banks industry peers. Bulls argue that the margin jump marks a decisive turnaround, especially as efficiency metrics improve in an otherwise difficult environment. Compared to the industry average margin performance, Meridian’s latest results stand out for both magnitude and direction, creating a compelling, if still early, reversal story. The margin beat may prompt value-focused bulls to argue that operational progress will continue even if top-line growth remains subdued. At $15.34 per share, Meridian is priced well below its DCF fair value estimate of $23.77 and also trades at a Price-to-Earnings ratio of 8.4x versus an industry average of 11.2x. Prevailing market analysis highlights the gap between this valuation discount and recent margin str...

MALVERN, Pa., Oct. 23, 2025 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported: Net income for the quarter ended September 30, 2025 was $6.7 million, or $0.58 per diluted share, up $1.1 million, or 19%, from prior quarter. Pre-provision net revenue1 for the quarter was $11.5 million, an improvement of $3.0 million, or 35%. from Q3'2024. Net interest margin was 3.77% for the third quarter of 2025, while loan yield improved to 7.37%, from prior quarter. Return on average assets and return on average equity for the third quarter of 2025 were 1.04% and 14.42%, respectively. Total assets at September 30, 2025 were $2.5 billion, compared to $2.5 billion at June 30, 2025 and $2.4 billion at September 30, 2024. Commercial loans, excluding leases, increased $54.2 million, or 3% from prior quarter. On October 23, 2025, the Board of Directors declared a quarterly cash dividend of $0.125 per common share, payable November 17, 2025 to shareholders of record as of November 10, 2025. Christopher J. Annas, Chairman and CEO commented: "We are pleased to report that Meridian's third quarter 2025 earnings rose 19% over the prior quarter to $6.7 million, benefiting from an improved margin and continued strong loan growth. The net interest margin rose to 3.77% for the quarter, and has steadily risen from 3.20% in the third quarter 2024. Loan growth in our principal commercial/industrial and real estate segments remains strong, and offsets loan sales in SBA and lease paydowns. We are challenged with elevated nonperforming loans and leases, but working these hard through consistent monitoring. Our wealth and mortgage units had profitable quarters in line with expectations, as we benefit from outreach and consistent referral opportunities from our existing customers. Expenses were generally flat from prior quarter, despite seasonal commissions/bonuses in the mortgage group. There have been numerous acquisitions in our market over the past year, and we will capitalize on the turmoil for both customers and new lenders. Our branding and outreach in this metro market is unparalleled and we hope to benefit from this and the reduced competition." Select Condensed Financial Information Income Statement - Third Quarter 2025 Compared to Second Quarter 2025 Third quarter net income increased $1.1 million, or 19.1%, to $6.7 million as net interest income increased $2.0 mil...

Explore Meridian's Fair Values from the Community and select yours Revenue: US$28.6m (up 22% from 2Q 2024). Net income: US$5.59m (up 68% from 2Q 2024). Profit margin: 20% (up from 14% in 2Q 2024). The increase in margin was driven by higher revenue. EPS: US$0.50 (up from US$0.30 in 2Q 2024). AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's shares are up 1.2% from a week ago. Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Meridian's balance sheet and an in-depth analysis of the company's financial position. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

MALVERN, Pa., July 24, 2025 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported: Net income for the quarter ended June 30, 2025 was $5.6 million, or $0.49 per diluted share, up $3.2 million, or 133%, from prior quarter. Pre-provision net revenue1 for the quarter was $11.1 million, an improvement of $4.0 million, or 57%. from Q2'2024. Net interest margin was 3.54% for the second quarter of 2025, while loan yield improved to 7.24%, from prior quarter. Return on average assets and return on average equity for the second quarter of 2025 were 0.90% and 12.68%, respectively. Total assets at June 30, 2025 were $2.5 billion, compared to $2.5 billion at March 31, 2025 and $2.4 billion at June 30, 2024. Commercial loans, excluding leases, increased $33.2 million, or 2% from prior quarter. On July 24, 2025, the Board of Directors declared a quarterly cash dividend of $0.125 per common share, payable August 18, 2025 to shareholders of record as of August 11, 2025. Christopher J. Annas, Chairman and CEO commented: "Meridian’s second quarter 2025 earnings of $5.6 million were substantially above first quarter 2025, benefiting from improving margin, SBA loan sales and mortgage seasonality. PPNR was up 33% over the same period, reflecting overall healthy growth in our business units and good expense control. Loan growth was 2.5% for the quarter but was negatively impacted by a large SBA loan sale and the planned paydowns in our lease group. We continue to forecast loan growth in the 8-10% range for the year. Management is intensely focused on reducing the nonperforming loans, historically high for us, but negotiations and lengthy court schedules will slow the process. Meridian Wealth Partners continued its solid performance with pre-tax income of $604 thousand for the quarter. We have hired senior managers in this unit to further our growth, and capture a greater percentage of opportunities from our loan groups. The mortgage team is performing nicely but still facing a lack of homes for sale in our Philadelphia metro and Baltimore markets. It had a big turnaround from the first quarter, but volume might have been significantly higher if the inventory was sufficient. Our principal Philadelphia metro market is healthy and vibrant, and we have not yet seen the impact of economic uncertainties. We are excited about our market penetration in all segments, and...