Meridian Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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	155.62	155.99	147.16	130.08	84.63	68.82
Interest Income on Investments	10.15	10.33	8.87	6.51	4.09	2.7
Total Interest Income	165.77	166.31	156.03	136.59	88.72	71.52
Interest Paid on Deposits	63.64	68.17	74.04	57.82	15.4	5.49
Interest Paid on Borrowings	9.07	10.47	10.99	9.83	3.2	2.92
Total Interest Expense	72.72	78.64	85.03	67.65	18.59	8.41
Net Interest Income	93.06	87.68	71	68.94	70.13	63.11
Net Interest Income Growth	11.64%	23.50%	2.98%	-1.69%	11.12%	28.81%
Trust Income	6.99	6.32	5.74	4.93	4.73	4.8
Mortgage Banking Activities	20.75	20.78	21.04	16.54	25.33	75.93
Gain (Loss) on Sale of Assets	-0.17	0.4	3.99	-	-	-
Gain (Loss) on Sale of Investments	-0.34	1.16	0.16	0.07	-2.41	0.25
Other Non-Interest Income	7.14	10.64	10.42	10.39	14.92	10.32
Total Non-Interest Income	34.24	39.18	41.34	31.97	41.72	87.99
Non-Interest Income Growth	-18.17%	-5.22%	29.33%	-23.39%	-52.58%	1.23%
Revenues Before Loan Losses	127.3	126.86	112.34	100.91	111.85	151.1
Provision for Loan Losses	14.88	15.15	11.4	6.82	2.49	1.07
Revenue	112.42	111.71	100.94	94.09	109.36	150.03
Revenue Growth	2.42%	10.67%	7.27%	-13.96%	-27.11%	17.57%
Salaries and Employee Benefits	51.11	50.09	46.29	46.2	52.9	77.26
Occupancy Expenses	3.01	2.8	2.95	2.46	2.58	4.55
Selling, General & Administrative	19.52	17.97	18.21	18.01	17.15	13.26
Other Non-Interest Expense	13.42	12.45	11.7	10.45	8.81	8.66
Total Non-Interest Expense	87.07	83.3	79.15	77.13	81.44	103.73
EBT Excluding Unusual Items	25.35	28.4	21.79	16.97	27.92	46.3
Pretax Income	25.35	28.4	21.79	16.97	27.92	46.3
Income Tax Expense	5.14	6.57	5.44	3.72	6.09	10.72
Net Income	20.21	21.84	16.35	13.24	21.83	35.59
Net Income to Common	20.21	21.84	16.35	13.24	21.83	35.59
Net Income Growth	-0.22%	33.59%	23.43%	-39.33%	-38.66%	34.60%
Basic Shares Outstanding	12	11	11	11	12	12
Diluted Shares Outstanding	12	12	11	11	12	12
Shares Change	5.63%	2.62%	-1.26%	-6.69%	-1.68%	0.31%
EPS (Basic)	1.72	1.93	1.47	1.19	1.85	2.96
EPS (Diluted)	1.67	1.89	1.45	1.16	1.79	2.87
EPS Growth	-5.53%	30.34%	25.00%	-35.20%	-37.63%	34.43%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Dividend Per Share	0.560	0.515	0.500	0.500	0.400	0.287
Dividend Growth	12.00%	3.00%	0%	25.00%	39.13%	130.00%
Effective Tax Rate	20.29%	23.12%	24.97%	21.95%	21.82%	23.15%

SEC Filings: 10-K · 10-Q