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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	152.95	147.16	130.08	84.63	68.82	60.36
Interest Income on Investments	10.56	8.87	6.51	4.09	2.7	2.3
Total Interest Income	163.52	156.03	136.59	88.72	71.52	62.66
Interest Paid on Deposits	69.93	74.04	57.82	15.4	5.49	9.97
Interest Paid on Borrowings	10.24	10.99	9.83	3.2	2.92	3.69
Total Interest Expense	80.17	85.03	67.65	18.59	8.41	13.66
Net Interest Income	83.35	71	68.94	70.13	63.11	49
Net Interest Income Growth (YoY)	21.43%	2.98%	-1.69%	11.12%	28.81%	34.84%
Trust Income	6.16	5.74	4.93	4.73	4.8	3.85
Mortgage Banking Activities	20.59	21.04	16.54	25.33	75.93	76.46
Gain (Loss) on Sale of Investments	-0.04	0.16	0.07	-2.41	0.25	1.67
Other Non-Interest Income	14.68	14.43	10.39	14.92	10.32	1.09
Total Non-Interest Income	41.85	41.34	31.97	41.72	87.99	86.92
Non-Interest Income Growth (YoY)	15.67%	29.33%	-23.39%	-52.58%	1.23%	164.25%
Revenues Before Loan Losses	125.2	112.34	100.91	111.85	151.1	135.91
Provision for Loan Losses	15.44	11.4	6.82	2.49	1.07	8.3
Revenue	109.76	100.94	94.09	109.36	150.03	127.61
Revenue Growth (YoY)	18.84%	7.27%	-13.96%	-27.11%	17.57%	86.76%
Salaries and Employee Benefits	49.67	46.29	46.2	52.9	77.26	71.38
Occupancy Expenses	2.61	2.95	2.46	2.58	4.55	2.39
Selling, General & Administrative	18.49	18.21	18.01	17.15	13.26	12.08
Other Non-Interest Expense	12.29	11.7	10.45	8.81	8.66	7.22
Total Non-Interest Expense	83.06	79.15	77.13	81.44	103.73	93.08
EBT Excluding Unusual Items	26.7	21.79	16.97	27.92	46.3	34.54
Pretax Income	26.7	21.79	16.97	27.92	46.3	34.54
Income Tax Expense	6.45	5.44	3.72	6.09	10.72	8.1
Net Income	20.25	16.35	13.24	21.83	35.59	26.44
Net Income to Common	20.25	16.35	13.24	21.83	35.59	26.44
Net Income Growth	78.97%	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)	2.14%	-1.26%	-6.69%	-1.68%	0.31%	-3.90%
EPS (Basic)	1.80	1.47	1.19	1.85	2.96	2.16
EPS (Diluted)	1.77	1.45	1.16	1.79	2.87	2.13
EPS Growth	75.95%	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	24.16%	24.97%	21.95%	21.82%	23.15%	23.45%

Updated Oct 23, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q