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Meridian Bank

Financial Services US MRBK

19.2USD
0.31(1.64%)

Last update at 2026-06-08T20:00:00Z

Day Range

18.9819.30
LowHigh

52 Week Range

8.1413.87
LowHigh

Fundamentals

  • Previous Close 18.89
  • Market Cap111.63M
  • Volume72728
  • P/E Ratio9.42
  • Dividend Yield5.07%
  • Revenue TTM92.90M
  • Revenue Per Share TTM8.39
  • Gross Profit TTM 109.36M
  • Diluted EPS TTM1.06

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 27.92M 46.30M 34.54M 13.51M 10.49M
Minority interest - - - - -
Net income 21.83M 35.59M 26.44M 10.48M 8.16M
Selling general administrative 54.38M 78.87M 72.15M 35.83M 35.35M
Selling and marketing expenses 4.34M 3.71M 2.85M 2.48M 2.35M
Gross profit 111.85M 151.10M 134.09M 66.86M 62.37M
Reconciled depreciation 1.08M -4.81300M -2.07400M 1.69M 1.42M
Ebit 45.44M 46.30M 34.54M 13.51M 21.90M
Ebitda 46.51M 41.49M 32.46M 15.20M 23.32M
Depreciation and amortization 1.08M -4.81300M -2.07400M 1.69M 1.42M
Non operating income net other - - - - -
Operating income 45.44M 46.30M 34.54M 13.51M 21.90M
Other operating expenses 7.97M -104.79700M -99.55400M -53.34100M 40.47M
Interest expense 18.59M 8.41M 13.66M 16.53M 11.41M
Tax provision 6.09M 10.72M 8.10M 3.03M 2.33M
Interest income 88.72M 71.52M 62.66M 52.86M 44.06M
Net interest income 70.13M 63.11M 49.00M 36.34M 32.66M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 6.09M 10.72M 8.10M 3.03M 2.33M
Total revenue 111.85M 151.10M 134.09M 66.86M 62.37M
Total operating expenses 7.97M -104.79700M -99.55400M -53.34100M -40.47200M
Cost of revenue - - - - 0.00000M
Total other income expense net -17.51600M -8.41100M -13.66000M -16.52700M -11.40700M
Discontinued operations - - - - -
Net income from continuing ops 21.83M 35.59M 26.44M 10.48M 8.16M
Net income applicable to common shares 21.83M 35.59M 26.44M 10.48M 8.16M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 2251.60M 2062.23M 1713.44M 1720.20M 1150.96M
Intangible assets 2.97M 3.17M 4.28M 4.50M 4.77M
Earning assets - - - - 99.76M
Other current assets 67.72M 29.61M 1505.85M 1382.54M 986.16M
Total liab 2093.57M 1908.95M 541.56M 1578.58M 1030.27M
Total stockholder equity 158.02M 153.28M 1171.88M 141.62M 120.69M
Deferred long term liab - - - - -
Other current liab 933.67M -3.93600M -0.03100M -108.01600M -124.76400M
Common stock 13.19M 6.58M 6.54M 6.46M 6.41M
Capital stock 13.19M 6.58M 6.54M 6.46M 6.41M
Retained earnings 101.22M 95.81M 84.92M 59.01M 34.10M
Other liab - 18.89M 19.82M 20.12M 8.60M
Good will 0.90M 0.90M 0.90M 0.90M 0.90M
Other assets - 1688.79M 1253.30M 1379.99M 966.84M
Cash 56.70M 38.39M 23.48M 36.74M 39.37M
Cash and equivalents - - - - -
Total current liabilities 1077.06M 124.47M 0.03M 108.02M 124.76M
Current deferred revenue -10.32400M 3.94M -41.31300M - -
Net debt 177.03M 124.04M 58.37M 276.33M 129.33M
Short term debt 143.39M 122.08M 41.34M 106.86M 123.68M
Short long term debt - 122.08M - 106.86M 123.68M
Short long term debt total 233.73M 162.43M 81.85M 313.08M 168.70M
Other stockholder equity 54.25M 62.43M 1079.73M 73.60M 80.19M
Property plant equipment - 13.36M 11.81M 7.78M 8.64M
Total current assets 67.72M 181.10M 276.03M 196.83M 102.07M
Long term investments 183.92M 174.91M 168.03M 131.10M 68.64M
Net tangible assets - 149.21M 161.08M 137.12M 115.92M
Short term investments 146.02M 135.35M 159.30M 123.56M 58.86M
Net receivables 127.25M 7.36M 93.25M 36.52M 3.85M
Long term debt 49.84M 40.35M 81.85M 313.08M 44.09M
Inventory 0.74M 1.70M -93.25100M - 0.12M
Accounts payable 10.32M 2.39M 0.03M 1.15M 1.09M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -10.62600M -11.53900M 0.71M 2.56M -0.00300M
Additional paid in capital - - - - -
Common stock total equity - - - 26.44M 6.41M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -0.00300M
Accumulated amortization - - - - -
Non currrent assets other 2064.58M -3.93600M -1.41300M -0.06200M -2.11500M
Deferred long term asset charges - - - - -
Non current assets total 2183.87M 192.33M 184.11M 143.38M 82.05M
Capital lease obligations - - - - -
Long term debt total - - - - 40.96M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -393.14800M -40.30900M -371.02500M -143.07700M -155.60100M
Change to liabilities 1.11M -0.76800M 1.25M 0.00000M -0.29300M
Total cashflows from investing activities -393.14800M -140.51500M -371.02500M -143.07700M -155.60100M
Net borrowings 80.46M -231.34500M 145.44M 38.83M 7.86M
Total cash from financing activities 323.39M -37.87200M 526.54M 136.93M 133.02M
Change to operating activities -0.08800M -6.40600M 14.46M 3.44M -0.59900M
Net income 21.83M 35.59M 26.44M 10.48M 8.16M
Change in cash 14.91M -13.26400M -2.62700M 15.42M -11.55400M
Begin period cash flow 23.48M 36.74M 39.37M 23.95M 35.51M
End period cash flow 38.39M 23.48M 36.74M 39.37M 23.95M
Total cash from operating activities 84.67M 165.12M -158.14200M 21.57M 11.03M
Issuance of capital stock - - - - 0.00000M
Depreciation 1.08M -4.81300M -2.07400M 1.69M 1.42M
Other cashflows from investing activities -6.81400M -7.25700M 0.21M -1.13700M -0.07900M
Dividends paid -10.93000M -9.67900M -1.52500M 1.52M 1.52M
Change to inventory - - - - -
Change to account receivables -2.35400M 0.47M -2.33400M -0.25900M -0.35300M
Sale purchase of stock -12.96100M -3.03200M -5.70300M -0.00300M 0.00000M
Other cashflows from financing activities 347.56M 206.18M -0.23100M 147.48M 137.91M
Change to netincome 63.24M 139.80M -194.39300M 7.16M 2.40M
Capital expenditures 2.91M 5.37M 0.75M 0.75M 1.64M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -2.44200M -5.93300M 12.12M 3.18M -1.04400M
Stock based compensation 1.48M 1.61M 0.76M 0.27M 0.29M
Other non cash items 61.62M 139.44M -196.64800M 6.45M 2.49M
Free cash flow 81.76M 159.75M -158.88900M 20.82M 9.39M

Peer Comparison

Sector: Financial Services Industry: Banks - Regional

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x)
MRBK
Meridian Bank
0.31 1.64% 19.20 9.42 - 1.08 0.64
HDB
HDFC Bank Limited ADR
-0.4 1.71% 23.01 20.81 20.96 0.11 4.77
CIHKY
China Merchants Bank Co Ltd
0.24 0.79% 30.71 7.78 7.65 0.56 0.90 3.62
DBSDF
DBS Group Holdings Ltd
-0.03 0.06% 50.45 15.29 14.41 5.84 2.36 10.40
CIHHF
China Merchants Bank Co Ltd Class H
- -% 5.92 6.10 5.67 0.44 0.77 3.43

Reports Covered

Stock Research & News

Profile

Meridian Corporation operates as the holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, Florida, and Maryland. The company offers various deposit products, such as demand non-interest bearing, demand interest bearing, savings accounts, money market accounts, and time deposits. It also provides commercial and industrial loans comprising 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 and land settlement services. In addition, the company operates and originates mortgage loans for 1-4 family dwellings; and offers real estate holding, investment advisory, and equipment leasing services, as well as financial planning and wealth management services. Meridian Corporation was incorporated in 2004 and is headquartered in Malvern, Pennsylvania.

Meridian Bank

9 Old Lincoln Highway, Malvern, PA, United States, 19355

Key Executives

Name Title Year Born
Mr. Christopher J. Annas Founder, Chairman, Pres & CEO 1956
Ms. Denise Lindsay Exec. VP, CFO & Director 1967
Mr. Michael Joseph Curry Counsel & Corp. Sec. NA
Mr. James D. Nelsen Sr. Credit Officer NA
Mr. Edward Joseph Carpoletti Sr. VP of Wealth Management NA
Thomas J. Campbell Sr. VP of Mortgage Lending NA
Mr. Clarence Martindell Exec. VP of Commercial Real Estate Lending NA
Ms. Mary Ann Messmer Sr. VP of Private Banking 1955
Mr. David Fitzell Sr. VP of Mortgage Lending NA
Mr. Joseph Pucci Pres of Meridian Equipment Fin. NA

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