Meridian Corporation (MRBK)

Meridian Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	150.58	147.16	130.08	84.63	68.82	60.36
Interest Income on Investments	10.15	8.87	6.51	4.09	2.7	2.3
Total Interest Income	160.73	156.03	136.59	88.72	71.52	62.66
Interest Paid on Deposits	71.82	74.04	57.82	15.4	5.49	9.97
Interest Paid on Borrowings	10.43	10.99	9.83	3.2	2.92	3.69
Total Interest Expense	82.25	85.03	67.65	18.59	8.41	13.66
Net Interest Income	78.48	71	68.94	70.13	63.11	49
Net Interest Income Growth (YoY)	16.05%	2.98%	-1.69%	11.12%	28.81%	34.84%
Trust Income	6	5.74	4.93	4.73	4.8	3.85
Mortgage Banking Activities	21.15	21.04	16.54	25.33	75.93	76.46
Gain (Loss) on Sale of Investments	0.72	0.16	0.07	-2.41	0.25	1.67
Other Non-Interest Income	14.58	14.43	10.39	14.92	10.32	1.09
Total Non-Interest Income	42.72	41.34	31.97	41.72	87.99	86.92
Non-Interest Income Growth (YoY)	27.79%	29.33%	-23.39%	-52.58%	1.23%	164.25%
Revenues Before Loan Losses	121.2	112.34	100.91	111.85	151.1	135.91
Provision for Loan Losses	14.87	11.4	6.82	2.49	1.07	8.3
Revenue	106.33	100.94	94.09	109.36	150.03	127.61
Revenue Growth (YoY)	17.11%	7.27%	-13.96%	-27.11%	17.57%	86.76%
Salaries and Employee Benefits	48.85	46.29	46.2	52.9	77.26	71.38
Occupancy Expenses	2.86	2.95	2.46	2.58	4.55	2.39
Selling, General & Administrative	18.08	18.21	18.01	17.15	13.26	12.08
Other Non-Interest Expense	12.28	11.7	10.45	8.81	8.66	7.22
Total Non-Interest Expense	82.06	79.15	77.13	81.44	103.73	93.08
EBT Excluding Unusual Items	24.27	21.79	16.97	27.92	46.3	34.54
Pretax Income	24.27	21.79	16.97	27.92	46.3	34.54
Income Tax Expense	5.94	5.44	3.72	6.09	10.72	8.1
Net Income	18.34	16.35	13.24	21.83	35.59	26.44
Net Income to Common	18.34	16.35	13.24	21.83	35.59	26.44
Net Income Growth	73.31%	23.43%	-39.33%	-38.66%	34.60%	152.25%
Basic Shares Outstanding	11	11	11	12	12	12
Diluted Shares Outstanding	11	11	11	12	12	12
Shares Change (YoY)	1.18%	-1.26%	-6.69%	-1.68%	0.31%	-3.90%
EPS (Basic)	1.64	1.47	1.19	1.85	2.96	2.16
EPS (Diluted)	1.61	1.45	1.16	1.79	2.87	2.13
EPS Growth	69.83%	25.00%	-35.20%	-37.63%	34.43%	161.96%
Dividend Per Share	0.500	0.500	0.500	0.400	0.287	0.125
Dividend Growth	-	-	25.00%	39.13%	130.00%	-
Effective Tax Rate	24.46%	24.97%	21.95%	21.82%	23.15%	23.45%

Updated Mar 17, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q