Meridian CorpMRBK

NasdaqFinanceNational Commercial Banks
Price (close)
$19.14
Market cap
$228.2M
P/E
10.5x
Revenue (TTM)
$6.7M
Net income
$21.7M
Dividend yield
2.85%
1-year total return
23.4%
Net margin
322.1%
Revenue growth
12.0%
Debt / equity
0.53x

What Meridian Corp does.

The Corporation is a bank holding company engaged in banking activities through its wholly-owned subsidiary, Meridian Bank (the “Bank”), a full-service, state-chartered commercial bank with offices in the Delaware Valley tri-state market, which includes Pennsylvania, New Jersey and Delaware, as well as in the Central Maryland market, and southwest Florida. We have a financial services business model with non-interest revenue streams from mortgage banking, the sale of SBA loan guarantees and wealth management services. We provide services to small and middle market businesses, professionals and retail customers throughout our market area. We have a modern, progressive, consultative approach to creating innovative solutions for our customers. We are technology driven, with a culture that incorporates significant use of customer preferred alternative delivery channels, such as mobile banking, remote deposit capture and bank-to-bank ACH. Our ‘Meridian everywhere’ philosophy of community presence, along with our strategic business footprint, allows us to provide the high degree of service, convenience and products our customers need to achieve their financial objectives. We provide this service through three principal business line distribution channels, described further below.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$135.9M$151.1M$4.7M$4.9M$5.7M$6.3M
Net income$26.4M$35.6M$21.8M$13.2M$16.3M$21.8M
Free cash flow-$159.2M$159.7M$81.8M$17.0M$9.0M$22.6M

More on MRBK.

Figures from Meridian Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.