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	Jun '26 Jun 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	157.2	155.99	147.16	130.08	84.63	68.82
Interest Income on Investments	10.22	10.33	8.87	6.51	4.09	2.7
Total Interest Income	167.43	166.31	156.03	136.59	88.72	71.52
Interest Paid on Deposits	64.97	68.17	74.04	57.82	15.4	5.49
Interest Paid on Borrowings	9.72	10.47	10.99	9.83	3.2	2.92
Total Interest Expense	74.69	78.64	85.03	67.65	18.59	8.41
Net Interest Income	92.74	87.68	71	68.94	70.13	63.11
Net Interest Income Growth	18.17%	23.50%	2.98%	-1.69%	11.12%	28.81%
Trust Income	6.72	6.32	5.74	4.93	4.73	4.8
Mortgage Banking Activities	22.25	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	0.83	1.16	0.16	0.07	-2.41	0.25
Other Non-Interest Income	8.45	10.64	10.42	10.39	14.92	10.32
Total Non-Interest Income	37.49	39.18	41.34	31.97	41.72	87.99
Non-Interest Income Growth	-12.25%	-5.22%	29.33%	-23.39%	-52.58%	1.23%
Revenues Before Loan Losses	130.22	126.86	112.34	100.91	111.85	151.1
Provision for Loan Losses	16.6	15.15	11.4	6.82	2.49	1.07
Revenue	113.63	111.71	100.94	94.09	109.36	150.03
Revenue Growth	6.86%	10.67%	7.27%	-13.96%	-27.11%	17.57%
Salaries and Employee Benefits	51.19	50.09	46.29	46.2	52.9	77.26
Occupancy Expenses	2.78	2.8	2.95	2.46	2.58	4.55
Selling, General & Administrative	18.85	17.97	18.21	18.01	17.15	13.26
Other Non-Interest Expense	12.77	12.45	11.7	10.45	8.81	8.66
Total Non-Interest Expense	85.59	83.3	79.15	77.13	81.44	103.73
EBT Excluding Unusual Items	28.04	28.4	21.79	16.97	27.92	46.3
Pretax Income	28.04	28.4	21.79	16.97	27.92	46.3
Income Tax Expense	6.38	6.57	5.44	3.72	6.09	10.72
Net Income	21.66	21.84	16.35	13.24	21.83	35.59
Net Income to Common	21.66	21.84	16.35	13.24	21.83	35.59
Net Income Growth	18.12%	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	4.84%	2.62%	-1.26%	-6.69%	-1.68%	0.31%
EPS (Basic)	1.86	1.93	1.47	1.19	1.85	2.96
EPS (Diluted)	1.81	1.89	1.45	1.16	1.79	2.87
EPS Growth	12.85%	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	Jun '26 Jun 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	0.545	0.515	0.500	0.500	0.400	0.287
Dividend Growth	9.00%	3.00%	0%	25.00%	39.13%	130.00%
Effective Tax Rate	22.75%	23.12%	24.97%	21.95%	21.82%	23.15%

SEC Filings: 10-K · 10-Q