Meridian Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	155.99	147.16	130.08	84.63	68.82
Interest Income on Investments	10.33	8.87	6.51	4.09	2.7
Total Interest Income	166.31	156.03	136.59	88.72	71.52
Interest Paid on Deposits	68.17	74.04	57.82	15.4	5.49
Interest Paid on Borrowings	10.47	10.99	9.83	3.2	2.92
Total Interest Expense	78.64	85.03	67.65	18.59	8.41
Net Interest Income	87.68	71	68.94	70.13	63.11
Net Interest Income Growth (YoY)	23.50%	2.98%	-1.69%	11.12%	28.81%
Trust Income	6.32	5.74	4.93	4.73	4.8
Mortgage Banking Activities	20.78	21.04	16.54	25.33	75.93
Gain (Loss) on Sale of Assets	0.4	-	-	-	-
Gain (Loss) on Sale of Investments	1.16	0.16	0.07	-2.41	0.25
Other Non-Interest Income	10.64	14.43	10.39	14.92	10.32
Total Non-Interest Income	39.18	41.34	31.97	41.72	87.99
Non-Interest Income Growth (YoY)	-5.22%	29.33%	-23.39%	-52.58%	1.23%
Revenues Before Loan Losses	126.86	112.34	100.91	111.85	151.1
Provision for Loan Losses	15.15	11.4	6.82	2.49	1.07
Revenue	111.71	100.94	94.09	109.36	150.03
Revenue Growth (YoY)	10.67%	7.27%	-13.96%	-27.11%	17.57%
Salaries and Employee Benefits	51.28	46.29	46.2	52.9	77.26
Occupancy Expenses	4.58	2.95	2.46	2.58	4.55
Selling, General & Administrative	15	18.21	18.01	17.15	13.26
Other Non-Interest Expense	12.45	11.7	10.45	8.81	8.66
Total Non-Interest Expense	83.3	79.15	77.13	81.44	103.73
EBT Excluding Unusual Items	28.4	21.79	16.97	27.92	46.3
Pretax Income	28.4	21.79	16.97	27.92	46.3
Income Tax Expense	6.57	5.44	3.72	6.09	10.72
Net Income	21.84	16.35	13.24	21.83	35.59
Net Income to Common	21.84	16.35	13.24	21.83	35.59
Net Income Growth	33.59%	23.43%	-39.33%	-38.66%	34.60%
Basic Shares Outstanding	11	11	11	12	12
Diluted Shares Outstanding	12	11	11	12	12
Shares Change (YoY)	2.62%	-1.26%	-6.69%	-1.68%	0.31%
EPS (Basic)	1.93	1.47	1.19	1.85	2.96
EPS (Diluted)	1.89	1.45	1.16	1.79	2.87
EPS Growth	30.34%	25.00%	-35.20%	-37.63%	34.43%
Dividend Per Share	0.515	0.500	0.500	0.400	0.287
Dividend Growth	3.00%	-	25.00%	39.13%	130.00%
Effective Tax Rate	23.12%	24.97%	21.95%	21.82%	23.15%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.