Meridian Corp (MRBK) Financial Statements
Industry: National Commercial Banks
In fiscal 2025, Meridian reported revenue of $126.9M, up 12.9% from $112.3M the year before. Net income was $21.8M (a 17.2% net margin), or $1.89 per diluted share. Net interest income was $87.7M, and the efficiency ratio (noninterest expense / revenue) was 65.7%. Operating activities generated $24.3M of cash, leaving $22.6M of free cash flow. At fiscal year end, Meridian held $2.56B in total assets against $2.36B in total liabilities.
Open the full interactive Meridian financials → Quarterly statements, key ratios, valuation history and price charts.
Meridian Key Stats
| Share Price | $18.58 |
|---|---|
| Market Cap | $226.2M |
| P/E Ratio | 9.8 |
| Dividend Yield | 2.73% |
| Revenue YoY Growth | +12.9% |
| 52-Week Range | $13.46 – $20.49 |
| Shares Outstanding | 11.9 million (basic, 2026 Q2) |
Meridian Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $49.0M | $63.1M | $70.1M | $68.9M | $71.0M | $87.7M |
| Provision for Credit Losses | $8.3M | $1.1M | $2.5M | $6.8M | $11.4M | $15.2M |
| Noninterest Income | $86.9M | $88.0M | $41.7M | $32.0M | $41.3M | $39.2M |
| Noninterest Expense | $93.1M | $103.7M | $81.4M | $77.1M | $79.1M | $83.3M |
| Revenue | $135.9M | $151.1M | $111.9M | $100.9M | $112.3M | $126.9M |
| Pre-Tax Income | $34.5M | $46.3M | $27.9M | $17.0M | $21.8M | $28.4M |
| Income Tax | $8.1M | $10.7M | $6.1M | $3.7M | $5.4M | $6.6M |
| Net Income | $26.4M | $35.6M | $21.8M | $13.2M | $16.3M | $21.8M |
| Diluted EPS | $2.13 | $2.87 | $0.90 | $1.16 | $1.45 | $1.89 |
Meridian Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $33.1M | $34.2M | $30.2M | $32.7M |
| Net Income | $6.7M | $7.2M | $2.0M | $5.8M |
| Diluted EPS | $0.58 | $0.62 | $0.17 | $0.48 |
Meridian Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Loans (Net) | $1.27B | $1.37B | $1.72B | $1.87B | $2.01B | $2.15B |
| Total Assets | $1.72B | $1.71B | $2.06B | $2.25B | $2.39B | $2.56B |
| Deposits | $1.24B | $1.45B | $1.71B | $1.82B | $2.01B | $2.16B |
| Total Long-Term Debt | $165.5M | $40.5M | $8.9M | $49.8M | $49.7M | $49.9M |
| Total Liabilities | $1.58B | $1.55B | $1.91B | $2.09B | $2.21B | $2.36B |
| Shareholders' Equity | $141.6M | $165.4M | $153.3M | $158.0M | $171.5M | $199.7M |
Meridian Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$158.1M | $165.1M | $84.7M | $18.9M | $9.6M | $24.3M |
| Cash From Investing | -$371.0M | -$140.5M | -$393.1M | -$164.2M | -$165.0M | -$163.9M |
| Cash From Financing | $526.5M | -$37.9M | $323.4M | $163.6M | $126.2M | $147.9M |
| Free Cash Flow | -$158.9M | $159.7M | $81.8M | $17.0M | $9.0M | $22.6M |
| Dividends Paid | $1.5M | $9.7M | $10.9M | $5.6M | $5.6M | $5.7M |
Figures from Meridian's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Meridian financials page for every line item.
Meridian Company Profile
| Ticker | MRBK |
|---|---|
| Exchange | Nasdaq |
| Industry | National Commercial Banks |
| Headquarters | Malvern, Pennsylvania |
| Incorporated in | Pennsylvania |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, smaller reporting company |
| SEC CIK | 0001750735 |
Frequently Asked Questions
What was Meridian's revenue in fiscal 2025?
Meridian (MRBK) reported revenue of $126.9M for fiscal 2025.
What is Meridian's annual revenue history?
Meridian's annual revenue by fiscal year: 2020: $135.9M; 2021: $151.1M; 2022: $111.9M; 2023: $100.9M; 2024: $112.3M; 2025: $126.9M.
What was Meridian's net income in fiscal 2025?
Meridian reported net income of $21.8M for fiscal 2025.
What was Meridian's earnings per share (EPS) in fiscal 2025?
Meridian's diluted EPS was $1.89 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Meridian generate in fiscal 2025?
Meridian generated $22.6M of free cash flow in fiscal 2025.
What was Meridian's revenue last quarter?
In its most recent reported quarter (2026 Q2), Meridian reported revenue of $32.7M.
How much debt does Meridian have?
Meridian reported $49.9M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Meridian are outstanding?
Meridian reported a weighted average of 11.9 million basic shares outstanding in 2026 Q2.
What is Meridian's market cap?
Based on its latest closing price, Meridian (MRBK) has a market capitalization of about $226.2M.
When does Meridian's fiscal year end?
Meridian's fiscal year end, as registered with the SEC, is December 31.
Where is Meridian headquartered?
Meridian lists its business address in Malvern, Pennsylvania in its SEC filings.