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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	148.37	147.16	130.08	84.63	68.82	60.36
Interest Income on Investments	9.61	8.87	6.51	4.09	2.7	2.3
Total Interest Income	157.98	156.03	136.59	88.72	71.52	62.66
Interest Paid on Deposits	73.51	74.04	57.82	15.4	5.49	9.97
Interest Paid on Borrowings	10.3	10.99	9.83	3.2	2.92	3.69
Total Interest Expense	83.82	85.03	67.65	18.59	8.41	13.66
Net Interest Income	74.16	71	68.94	70.13	63.11	49
Net Interest Income Growth (YoY)	9.27%	2.98%	-1.69%	11.12%	28.81%	34.84%
Trust Income	5.95	5.74	4.93	4.73	4.8	3.85
Mortgage Banking Activities	20.8	21.04	16.54	25.33	75.93	76.46
Gain (Loss) on Sale of Investments	0.5	0.16	0.07	-2.41	0.25	1.67
Other Non-Interest Income	13.34	14.43	10.39	14.92	10.32	1.09
Total Non-Interest Income	40.68	41.34	31.97	41.72	87.99	86.92
Non-Interest Income Growth (YoY)	22.12%	29.33%	-23.39%	-52.58%	1.23%	164.25%
Revenues Before Loan Losses	114.84	112.34	100.91	111.85	151.1	135.91
Provision for Loan Losses	13.75	11.4	6.82	2.49	1.07	8.3
Revenue	101.1	100.94	94.09	109.36	150.03	127.61
Revenue Growth (YoY)	8.82%	7.27%	-13.96%	-27.11%	17.57%	86.76%
Salaries and Employee Benefits	47.13	46.29	46.2	52.9	77.26	71.38
Occupancy Expenses	3.05	2.95	2.46	2.58	4.55	2.39
Selling, General & Administrative	17.43	18.21	18.01	17.15	13.26	12.08
Other Non-Interest Expense	12.11	11.7	10.45	8.81	8.66	7.22
Total Non-Interest Expense	79.72	79.15	77.13	81.44	103.73	93.08
EBT Excluding Unusual Items	21.38	21.79	16.97	27.92	46.3	34.54
Pretax Income	21.38	21.79	16.97	27.92	46.3	34.54
Income Tax Expense	5.31	5.44	3.72	6.09	10.72	8.1
Net Income	16.07	16.35	13.24	21.83	35.59	26.44
Net Income to Common	16.07	16.35	13.24	21.83	35.59	26.44
Net Income Growth	35.06%	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)	0.27%	-1.26%	-6.69%	-1.68%	0.31%	-3.90%
EPS (Basic)	1.44	1.47	1.19	1.85	2.96	2.16
EPS (Diluted)	1.42	1.45	1.16	1.79	2.87	2.13
EPS Growth	33.85%	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	24.83%	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