View ValuationMeridian 将来の成長Future 基準チェック /46Meridianは、21.6%と16.5%でそれぞれ年率21.6%で利益と収益が成長すると予測される一方、EPSはgrowで18.6%年率。主要情報21.6%収益成長率18.61%EPS成長率Banks 収益成長8.2%収益成長率16.5%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日05 May 2026今後の成長に関する最新情報Major Estimate Revision • May 06Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from US$2.30 to US$2.00 per share. Revenue forecast steady at US$137.3m. Net income forecast to grow 8.3% next year vs 12% growth forecast for Banks industry in the US. Consensus price target reaffirmed at US$22.00. Share price fell 2.3% to US$17.95 over the past week.Major Estimate Revision • May 05Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from US$2.30 to US$2.00 per share. Revenue forecast steady at US$137.3m. Net income forecast to grow 8.3% next year vs 13% growth forecast for Banks industry in the US. Consensus price target reaffirmed at US$22.00. Share price fell 9.0% to US$17.37 over the past week.Price Target Changed • Feb 03Price target increased by 7.3% to US$22.00Up from US$20.50, the current price target is an average from 2 analysts. New target price is 8.4% above last closing price of US$20.30. Stock is up 22% over the past year. The company is forecast to post earnings per share of US$2.30 for next year compared to US$1.93 last year.Price Target Changed • Jul 29Price target increased by 12% to US$19.00Up from US$17.00, the current price target is provided by 1 analyst. New target price is 28% above last closing price of US$14.87. Stock is up 28% over the past year. The company is forecast to post earnings per share of US$1.73 for next year compared to US$1.47 last year.Major Estimate Revision • May 02Consensus EPS estimates fall by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$120.9m to US$119.2m. EPS estimate also fell from US$1.72 per share to US$1.54 per share. Net income forecast to grow 20% next year vs 13% growth forecast for Banks industry in the US. Consensus price target down from US$18.50 to US$17.00. Share price fell 2.3% to US$13.63 over the past week.Price Target Changed • Jan 28Price target increased by 13% to US$18.00Up from US$16.00, the current price target is an average from 2 analysts. New target price is 9.4% above last closing price of US$16.46. Stock is up 29% over the past year. The company is forecast to post earnings per share of US$1.70 for next year compared to US$1.47 last year.すべての更新を表示Recent updatesMajor Estimate Revision • May 06Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from US$2.30 to US$2.00 per share. Revenue forecast steady at US$137.3m. Net income forecast to grow 8.3% next year vs 12% growth forecast for Banks industry in the US. Consensus price target reaffirmed at US$22.00. Share price fell 2.3% to US$17.95 over the past week.Major Estimate Revision • May 05Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from US$2.30 to US$2.00 per share. Revenue forecast steady at US$137.3m. Net income forecast to grow 8.3% next year vs 13% growth forecast for Banks industry in the US. Consensus price target reaffirmed at US$22.00. Share price fell 9.0% to US$17.37 over the past week.お知らせ • Apr 28Meridian Corporation and Meridian Bank Announces Appointment of Ken Warriner to Board of Directors, Effective April 27, 2026Meridian Corporation and Meridian Bank announced that Ken Warriner has been appointed to an open position on its Board of Directors and its principal subsidiary, Meridian Bank, effective immediately on April 27, 2026. Warriner currently serves as Senior Director of Finance and Administration of the Naples Airport Authority (NAA) in Naples, Florida, where he began his aviation career in 2018. In this role, he oversees accounting, information technology, procurement, risk management and investment activities for the Authority. Warriner has also served as a member of Meridian’s Advisory Council in Florida since 2022. Prior to joining the NAA, Warriner spent 16 years in the healthcare industry with a Fortune 500 company, where he held roles as Assistant Corporate Controller and Chief Financial Officer for several hospitals in Florida and Mississippi. He began his career in public accounting with PricewaterhouseCoopers and is a licensed Certified Public Accountant, holding a degree from Baylor University.Declared Dividend • Apr 27First quarter dividend of US$0.14 announcedShareholders will receive a dividend of US$0.14. Ex-date: 4th May 2026 Payment date: 11th May 2026 Dividend yield will be 2.9%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 14% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 13% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 25Meridian Corporation Reports Net Charge-Offs for the First Quarter Ended March 31, 2026Meridian Corporation reported net charge-offs for the First Quarter Ended March 31, 2026. For the quarter, Net charge-offs increased to $3.9 million, or 0.18% of total average loans for the quarter ended March 31, 2026, compared to net charge-offs of $3.5 million, or 0.16%, for the quarter ended December 31, 2025. First quarter charge-offs consisted of $2.5 million in SBA loans, $149 thousand in commercial loans, $856 thousand in finance receivables, and $745 thousand of small ticket equipment leases. Partially offsetting first quarter charge-offs were recoveries of $407 thousand, mainly related to leases.Reported Earnings • Apr 24First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: US$0.40 (up from US$0.21 in 1Q 2025). Revenue: US$26.2m (up 20% from 1Q 2025). Net income: US$4.71m (up 97% from 1Q 2025). Profit margin: 18% (up from 11% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 07Meridian Corporation, Annual General Meeting, May 28, 2026Meridian Corporation, Annual General Meeting, May 28, 2026. Location: 9 old lincoln highway, malvern, pa, 19355, United StatesReported Earnings • Mar 16Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: US$1.93 (up from US$1.47 in FY 2024). Revenue: US$111.7m (up 11% from FY 2024). Net income: US$21.8m (up 34% from FY 2024). Profit margin: 20% (up from 16% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.64% (up from 3.16% in FY 2024). Non-performing loans: 2.54% (up from 2.23% in FY 2024). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 3.8%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.Seeking Alpha • Mar 09Meridian: Time To Take A Step Back (Downgrade)Summary Meridian Corporation delivered strong returns, outperforming the S&P 500 with a 27.1% gain since its September "Buy" upgrade. MRBK's asset quality and profitability remain robust, with return on equity at 14.79% and net income rising to $21.8 million in 2025. Credit quality is deteriorating, with non-performing loans rising to 2.50%, surpassing prudent thresholds and raising risk concerns. I am downgrading MRBK from "Buy" to "Hold" due to rising valuation and worsening credit quality, despite continued operational strength. Read the full article on Seeking AlphaPrice Target Changed • Feb 03Price target increased by 7.3% to US$22.00Up from US$20.50, the current price target is an average from 2 analysts. New target price is 8.4% above last closing price of US$20.30. Stock is up 22% over the past year. The company is forecast to post earnings per share of US$2.30 for next year compared to US$1.93 last year.分析記事 • Feb 03Meridian (NASDAQ:MRBK) Is Paying Out A Larger Dividend Than Last YearThe board of Meridian Corporation ( NASDAQ:MRBK ) has announced that it will be paying its dividend of $0.14 on the...Declared Dividend • Feb 02Fourth quarter dividend increased to US$0.14Dividend of US$0.14 is 12% higher than last year. Ex-date: 9th February 2026 Payment date: 17th February 2026 Dividend yield will be 2.7%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (27% payout ratio) and is expected to be well covered in 3 years' time (25% forecast payout ratio). The dividend has increased by an average of 14% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 36% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jan 30Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: US$1.93 (up from US$1.47 in FY 2024). Revenue: US$111.7m (up 11% from FY 2024). Net income: US$21.8m (up 34% from FY 2024). Profit margin: 20% (up from 16% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 3.8%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year.お知らせ • Jan 30+ 1 more updateMeridian Corporation Declares Quarterly Cash Dividend, Payable on February 17, 2026On January 29, 2026, the Board of Directors of Meridian Corporation declared a quarterly cash dividend of $0.14 per common share, payable February 17, 2026 to shareholders of record as of February 9, 2026. This is an increase of $0.015 or 12%, compared to the quarterly cash dividend of $0.125 per common share declared in the prior quarter.分析記事 • Oct 28Meridian (NASDAQ:MRBK) Has Announced A Dividend Of $0.125The board of Meridian Corporation ( NASDAQ:MRBK ) has announced that it will pay a dividend on the 17th of November...Declared Dividend • Oct 27Third quarter dividend of US$0.13 announcedDividend of US$0.13 is the same as last year. Ex-date: 10th November 2025 Payment date: 17th November 2025 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 15% per year over the past 5 years and payments have been stable during that time. Earnings per share has grown by 1.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Oct 24Third quarter 2025 earnings released: EPS: US$0.59 (vs US$0.43 in 3Q 2024)Third quarter 2025 results: EPS: US$0.59 (up from US$0.43 in 3Q 2024). Revenue: US$30.2m (up 13% from 3Q 2024). Net income: US$6.66m (up 40% from 3Q 2024). Profit margin: 22% (up from 18% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.お知らせ • Oct 24+ 1 more updateMeridian Corporation Declares Quarterly Cash Dividend on Common Share, Payable on November 17, 2025On October 23, 2025, the Board of Directors declared a quarterly cash dividend of $0.125 per common share, payable November 17, 2025 to shareholders of record as of November 10, 2025.New Risk • Oct 16New major risk - Revenue and earnings growthEarnings have declined by 16% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Recent Insider Transactions Derivative • Aug 10Independent Director exercised options to buy US$153k worth of stock.On the 7th of August, George Collier exercised options to buy 11k shares at a strike price of around US$7.62, costing a total of US$80k. This transaction amounted to 19% of their direct individual holding at the time of the trade. Since March 2025, George has owned 67.64k shares directly. Company insiders have collectively bought US$237k more than they sold, via options and on-market transactions, in the last 12 months.分析記事 • Jul 31Meridian's (NASDAQ:MRBK) Dividend Will Be $0.125The board of Meridian Corporation ( NASDAQ:MRBK ) has announced that it will pay a dividend of $0.125 per share on the...Declared Dividend • Jul 30Second quarter dividend of US$0.13 announcedDividend of US$0.13 is the same as last year. Ex-date: 11th August 2025 Payment date: 18th August 2025 Dividend yield will be 3.4%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 15% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 24% over the next year, which should provide support to the dividend and adequate earnings cover.Price Target Changed • Jul 29Price target increased by 12% to US$19.00Up from US$17.00, the current price target is provided by 1 analyst. New target price is 28% above last closing price of US$14.87. Stock is up 28% over the past year. The company is forecast to post earnings per share of US$1.73 for next year compared to US$1.47 last year.Reported Earnings • Jul 25Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$0.50 (up from US$0.30 in 2Q 2024). Revenue: US$28.6m (up 22% from 2Q 2024). Net income: US$5.59m (up 68% from 2Q 2024). Profit margin: 20% (up from 14% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.お知らせ • Jul 25+ 1 more updateMeridian Corporation Declares A Quarterly Cash Dividend, Payable August 18, 2025On July 24, 2025, the Board of Directors of Meridian Corporation declared a quarterly cash dividend of $0.125 per common share, payable August 18, 2025 to shareholders of record as of August 11, 2025.New Risk • Jul 03New major risk - Revenue and earnings growthEarnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Jul 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$13.75, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Banks industry in the US. Total returns to shareholders of 5.9% over the past three years.Major Estimate Revision • May 02Consensus EPS estimates fall by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$120.9m to US$119.2m. EPS estimate also fell from US$1.72 per share to US$1.54 per share. Net income forecast to grow 20% next year vs 13% growth forecast for Banks industry in the US. Consensus price target down from US$18.50 to US$17.00. Share price fell 2.3% to US$13.63 over the past week.分析記事 • Apr 28Meridian (NASDAQ:MRBK) Is Paying Out A Dividend Of $0.125Meridian Corporation ( NASDAQ:MRBK ) will pay a dividend of $0.125 on the 19th of May. This means the dividend yield...Declared Dividend • Apr 28First quarter dividend of US$0.13 announcedDividend of US$0.13 is the same as last year. Ex-date: 12th May 2025 Payment date: 19th May 2025 Dividend yield will be 3.6%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 15% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 25% over the next year, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Apr 27First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: US$0.21 (down from US$0.24 in 1Q 2024). Revenue: US$21.9m (flat on 1Q 2024). Net income: US$2.40m (down 10% from 1Q 2024). Profit margin: 11% (down from 12% in 1Q 2024). Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.お知らせ • Apr 26+ 1 more updateMeridian Corporation Reports Net Charge Offs for the First Quarter Ended March 31, 2025Meridian Corporation reported net charge offs for the first quarter ended March 31, 2025. For the quarter, the company's net charge-offs as a % of total average loans of 0.14% for the quarter ended March 31, 2025, decreased from 0.34% for the quarter ended December 31, 2024. Net charge-offs decreased to $2.8 million for the quarter ended March 31, 2025, compared to net charge-offs of $7.1 million for the quarter ended December 31, 2024.お知らせ • Apr 07Meridian Corporation, Annual General Meeting, May 22, 2025Meridian Corporation, Annual General Meeting, May 22, 2025. Location: 9 old lincoin highway, pa 19355, malvern United StatesSeeking Alpha • Mar 26The Case For Meridian CorporationSummary Meridian Bank, founded in 2004, has grown significantly within the Delaware Valley, focusing on business, industrial, retail, and commercial lending. Headquartered in Malvern, PA, the bank employs a lean growth model, strategically placing branches to minimize overhead costs. Meridian emphasizes customer satisfaction and client relationships, driving growth through referrals and maintaining a consumer-friendly outlook. Despite being small by regional standards, Meridian boasts a strong balance sheet, healthy cash flows, and is positioned for future growth. Read the full article on Seeking AlphaSeeking Alpha • Mar 20Meridian Corporation: Earnings To Surge Thanks To Margin, Loan GrowthSummary Due to changes in my interest rate outlook, I have reduced my mortgage banking income estimate but raised my net interest margin estimate. I’m now expecting an EPS of $1.67, down from my previous estimate of $1.69. I’m expecting earnings to grow by 15% this year, thanks to expected net interest margin expansion and loan growth. The year-end target price suggests there is still room for price upside. Further, MRBK is offering a moderate dividend yield of 3.6%. Read the full article on Seeking AlphaReported Earnings • Mar 18Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$1.47 (up from US$1.19 in FY 2023). Revenue: US$100.9m (up 7.3% from FY 2023). Net income: US$16.3m (up 23% from FY 2023). Profit margin: 16% (up from 14% in FY 2023). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.16% (down from 3.35% in FY 2023). Non-performing loans: 2.23% (up from 1.79% in FY 2023). Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 9.8%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.お知らせ • Feb 22Meridian Corporation has filed a Follow-on Equity Offering.Meridian Corporation has filed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock Securities Offered: 1,000,000Price Target Changed • Jan 28Price target increased by 13% to US$18.00Up from US$16.00, the current price target is an average from 2 analysts. New target price is 9.4% above last closing price of US$16.46. Stock is up 29% over the past year. The company is forecast to post earnings per share of US$1.70 for next year compared to US$1.47 last year.Declared Dividend • Jan 27Fourth quarter dividend of US$0.13 announcedDividend of US$0.13 is the same as last year. Ex-date: 10th February 2025 Payment date: 18th February 2025 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (34% payout ratio) and is expected to be well covered in 3 years' time (26% forecast payout ratio). The dividend has increased by an average of 15% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 30% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jan 24Meridian Corporation Declares Quarterly Dividend , Payable on February 18, 2025Meridian Corporation declared a quarterly cash dividend of $0.125 per common share, payable February 18, 2025 to shareholders of record as of February 10, 2025.Seeking Alpha • Dec 31Meridian Corporation: Downgrading Out Of An Abundance Of CautionSummary After a recent 18% rise in shares, I am downgrading Meridian Corporation from “Buy” to “Hold” due to mixed asset quality and higher relative earnings valuation. Meridian's deposits grew to $1.98 billion, but 26% are brokered, making them costlier. The loan portfolio increased to $1.99 billion, with significant commercial mortgage exposure. Net interest income declined due to lower net interest margins, while non-interest income improved, driven by mortgage banking income and favorable loan fair value changes. Given the mixed results and economic risks, I prefer caution. Declining interest rates could further impact net interest income, prompting my downgrade to “Hold”. Read the full article on Seeking AlphaPrice Target Changed • Dec 19Price target increased by 13% to US$18.00Up from US$16.00, the current price target is an average from 2 analysts. New target price is 24% above last closing price of US$14.50. Stock is up 8.5% over the past year. The company is forecast to post earnings per share of US$1.29 for next year compared to US$1.19 last year.Valuation Update With 7 Day Price Move • Nov 26Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$16.65, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Banks industry in the US. Total returns to shareholders of 14% over the past three years.Price Target Changed • Oct 29Price target increased by 10% to US$16.00Up from US$14.50, the current price target is an average from 2 analysts. New target price is 15% above last closing price of US$13.97. Stock is up 40% over the past year. The company is forecast to post earnings per share of US$1.31 for next year compared to US$1.19 last year.分析記事 • Oct 29Meridian (NASDAQ:MRBK) Will Pay A Dividend Of $0.125Meridian Corporation ( NASDAQ:MRBK ) has announced that it will pay a dividend of $0.125 per share on the 19th of...Declared Dividend • Oct 28Third quarter dividend of US$0.13 announcedDividend of US$0.13 is the same as last year. Ex-date: 12th November 2024 Payment date: 19th November 2024 Dividend yield will be 3.7%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 19% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 44% over the next year, which should provide support to the dividend and adequate earnings cover.New Risk • Oct 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.2% increase in shares outstanding).Reported Earnings • Oct 25Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: US$0.43 (up from US$0.36 in 3Q 2023). Revenue: US$26.8m (up 6.2% from 3Q 2023). Net income: US$4.74m (up 18% from 3Q 2023). Profit margin: 18% (up from 16% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.5%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.お知らせ • Oct 25+ 1 more updateMeridian Corporation Reports Net Charge Offs for the Third Quarter Ended September 30, 2024Meridian Corporation reported net charge offs for the third quarter ended September 30, 2024. For the quarter, the company realized net charge-offs of 0.11% of total average loans for the quarter ended September 30, 2024, down from 0.20% for the quarter ended June 30, 2024. Net charge-offs decreased to $2.3 million for the quarter ended September 30, 2024, compared to net charge-offs of $4.1 million for the quarter ended June 30, 2024.Seeking Alpha • Oct 17Meridian Corporation: Rate Cuts To Boost Mortgage Banking IncomeSummary The biggest earnings catalyst is interest rate cuts, which will provide a much-needed boost to MRBK’s mortgage banking business. The net interest income will also grow because rate cuts and a conducive economic environment will drive loan growth. The December 2025 target price suggests a moderate upside from the October 15 closing price. Additionally, MRBK is offering a dividend yield of 3.9%. Read the full article on Seeking AlphaPrice Target Changed • Aug 28Price target increased by 7.7% to US$14.00Up from US$13.00, the current price target is an average from 2 analysts. New target price is 21% above last closing price of US$11.60. Stock is down 0.9% over the past year. The company is forecast to post earnings per share of US$1.25 for next year compared to US$1.19 last year.Declared Dividend • Jul 31Second quarter dividend of US$0.13 announcedDividend of US$0.13 is the same as last year. Ex-date: 12th August 2024 Payment date: 19th August 2024 Dividend yield will be 4.3%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 19% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 36% over the next year, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jul 28Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: EPS: US$0.30 (down from US$0.42 in 2Q 2023). Revenue: US$23.4m (down 8.3% from 2Q 2023). Net income: US$3.33m (down 28% from 2Q 2023). Profit margin: 14% (down from 18% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 4.3%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.お知らせ • Jul 27Meridian Corporation Announces Quarterly Dividend, Payable on August 19, 2024On July 25, 2024, the Board of Directors of Meridian Corporation declared a quarterly cash dividend of $0.125 per common share, payable August 19, 2024 to shareholders of record as of August 12, 2024.Seeking Alpha • Jul 16Meridian Corporation: Patience Is RequiredSummary Patience is key for investors, as some investments take time to play out and can result in pain before the eventual upside is achieved. Meridian Corporation is a small regional bank with growing deposits and loans, but struggling with declining net interest income and non-interest income. Despite weaknesses from the perspective of its income statement and its asset quality, Meridian Corporation's cheap valuation makes it a modestly bullish investment. Read the full article on Seeking AlphaDeclared Dividend • May 01First quarter dividend of US$0.13 announcedDividend of US$0.13 is the same as last year. Ex-date: 10th May 2024 Payment date: 20th May 2024 Dividend yield will be 5.7%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 19% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 23% over the next year, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Apr 28First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2024 results: EPS: US$0.24 (down from US$0.36 in 1Q 2023). Revenue: US$21.7m (down 5.2% from 1Q 2023). Net income: US$2.68m (down 33% from 1Q 2023). Profit margin: 12% (down from 18% in 1Q 2023). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 1.4%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.お知らせ • Apr 27Meridian Corporation Announces Quarterly Dividend of $0.125 Per Common Share, Payable May 20, 2024Meridian Corporation announced that on April 25, 2024, the Board of Directors declared a quarterly cash dividend of $0.125 per common share, payable May 20, 2024 to shareholders of record as of May 13, 2024.New Risk • Apr 16New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: US$99.6m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (US$99.6m market cap).お知らせ • Apr 16Meridian Bank Announces Appointment of Patrick Hart as Senior Vice President, Commercial LendingMeridian Bank announced the appointment of Patrick Hart to the position of Senior Vice President, Commercial Lending. As part of the bank’s Chester County team, he’ll partner with commercial and industrial organizations throughout that community. Hart received his undergraduate degree in accounting from Drexel University, followed by an MBA in finance from Drexel. He has spent his entire 25-year banking career in the Greater Philadelphia region, serving with community banks and larger regional institutions. He brings expertise in both the credit and lending areas to his position at Meridian. Hart resides in Southern Chester County with his wife Claudine and two daughters, Juliana and Grace.Seeking Alpha • Apr 08Meridian: High Dividend Yield With A Positive Earnings Outlook (Rating Upgrade)Summary The interest-rate down cycle will lift the mortgage banking income, net interest margin, and loan portfolio size. I’m estimating earnings to grow by 14% year-over-year in 2024. MRBK is currently offering an attractive dividend yield of 5.4%. The December 2024 target price suggests a very high price upside. Hence, I’m upgrading MRBK to a Buy rating. Read the full article on Seeking Alphaお知らせ • Apr 05Meridian Corporation, Annual General Meeting, May 21, 2024Meridian Corporation, Annual General Meeting, May 21, 2024, at 10:00 US Eastern Standard Time. Location: Corporate Headquarters, located at 9 Old Lincoln Highway Malvern, PA, 19355 Malvern Pennsylvania United States Agenda: To consider election of two directors as “Class A” directors of the Board, to serve a three-year term expiring in 2027; to consider A non-binding say-on-pay proposal to approve the compensation of the Corporation’s named executive officers; to consider The ratification of the appointment of Crowe LLP as the Corporation’s independent auditor for the fiscal year ending December 31, 2024; and to consider other business matters.Reported Earnings • Mar 19Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: US$1.19 (down from US$1.85 in FY 2022). Revenue: US$94.1m (down 14% from FY 2022). Net income: US$13.2m (down 39% from FY 2022). Profit margin: 14% (down from 20% in FY 2022). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 3.35% (down from 3.98% in FY 2022). Non-performing loans: 1.79% (up from 1.22% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Feb 07Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to US$9.68, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Banks industry in the US. Negligible returns to shareholders over past three years.Upcoming Dividend • Feb 02Upcoming dividend of US$0.13 per share at 4.4% yieldEligible shareholders must have bought the stock before 09 February 2024. Payment date: 20 February 2024. Trailing yield: 4.4%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (3.2%).Declared Dividend • Jan 31Fourth quarter dividend of US$0.13 announcedShareholders will receive a dividend of US$0.13. Ex-date: 9th February 2024 Payment date: 20th February 2024 Dividend yield will be 4.1%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (42% payout ratio) and is expected to be well covered in 3 years' time (30% forecast payout ratio). The dividend has increased by an average of 19% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 37% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jan 28Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: US$1.19 (down from US$1.85 in FY 2022). Revenue: US$94.1m (down 14% from FY 2022). Net income: US$13.2m (down 39% from FY 2022). Profit margin: 14% (down from 20% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.お知らせ • Jan 27+ 1 more updateMeridian Corporation Reports Net-Charge-Offs for the Fourth Quarter Ended December 31, 2023Meridian Corporation reported net-charge-offs for the fourth quarter ended December 31, 2023. For the quarter, net charge-offs of 0.11% of total average loans for the quarter ended December 31, 2023, compared with the quarter ended September 30, 2023 level of 0.05%, as net charge-offs increased to $2.2 million for the quarter ended December 31, 2023, compared to net-charge-offs of $913,000 for the quarter ended September 30, 2023.Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$12.69, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Banks industry in the US. Total returns to shareholders of 57% over the past three years.Upcoming Dividend • Nov 03Upcoming dividend of US$0.13 per share at 4.9% yieldEligible shareholders must have bought the stock before 10 November 2023. Payment date: 20 November 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of American dividend payers (5.3%). Higher than average of industry peers (4.0%).Price Target Changed • Nov 01Price target decreased by 7.5% to US$12.33Down from US$13.33, the current price target is an average from 3 analysts. New target price is 23% above last closing price of US$10.00. Stock is down 35% over the past year. The company is forecast to post earnings per share of US$1.41 for next year compared to US$1.85 last year.Reported Earnings • Oct 29Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: US$0.36 (down from US$0.49 in 3Q 2022). Revenue: US$25.2m (down 9.0% from 3Q 2022). Net income: US$4.01m (down 31% from 3Q 2022). Profit margin: 16% (down from 21% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 7.1%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.お知らせ • Oct 28+ 1 more updateMeridian Corporation Reports Net Charge-Offs for the Third Quarter Ended September 30, 2023Meridian Corporation reported net charge-offs for the third quarter ended September 30, 2023. For the quarter, the company reported net charge-offs were $913,000.お知らせ • Oct 14Meridian Bank Announces Executive ChangesMeridian Bank announced the retirement of Joseph Cafarchio, Chief Credit Officer, effective October 13, 2023. Mr. Cafarchio has served in the position since Meridian’s inception in 2004. Prior to joining Meridian, Joe had a long career in the Philadelphia-area banking community, including positions with National Penn Bank, Stonebridge Bank and the Philadelphia Federal Reserve, where he started his career after graduating from Wharton. Before entering the financial world, he pursued his other professional passion as a saxophonist in a nationally touring band. While at Meridian, Joe often combined these two areas of talent by breaking out his horn to the delight of all at Meridian employee and customer events. Mr. Cafarchio will be succeeded in his role as Chief Credit Officer by Andy Fox.Price Target Changed • Aug 04Price target increased by 14% to US$13.33Up from US$11.67, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$12.78. Stock is down 11% over the past year. The company is forecast to post earnings per share of US$1.53 for next year compared to US$1.85 last year.Upcoming Dividend • Aug 04Upcoming dividend of US$0.13 per share at 4.0% yieldEligible shareholders must have bought the stock before 11 August 2023. Payment date: 21 August 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (3.4%).お知らせ • Jul 29+ 1 more updateMeridian Corporation Declares Quarterly Cash Dividend for the Second Quarter Ended June 30, 2023, Payable on August 21, 2023the Board of Directors of Meridian Corporation declared a quarterly cash dividend of $0.125 per common share for the second quarter ended June 30, 2023 payable August 21, 2023 to shareholders of record as of August 14, 2023.Reported Earnings • Jul 28Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: US$0.42 (down from US$0.49 in 2Q 2022). Revenue: US$25.5m (down 6.7% from 2Q 2022). Net income: US$4.65m (down 22% from 2Q 2022). Profit margin: 18% (down from 22% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 7.0%. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.New Risk • Jun 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Recent Insider Transactions • May 11Independent Director recently bought US$86k worth of stockOn the 9th of May, Robert Casciato bought around 10k shares on-market at roughly US$8.63 per share. This transaction amounted to 4.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$591k more in shares than they have sold in the last 12 months.Price Target Changed • May 06Price target decreased by 17% to US$12.33Down from US$14.83, the current price target is an average from 3 analysts. New target price is 43% above last closing price of US$8.60. Stock is down 46% over the past year. The company is forecast to post earnings per share of US$1.59 for next year compared to US$1.85 last year.Reported Earnings • May 03First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2023 results: EPS: US$0.36 (down from US$0.46 in 1Q 2022). Revenue: US$22.9m (down 20% from 1Q 2022). Net income: US$4.02m (down 27% from 1Q 2022). Profit margin: 18% (down from 19% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) exceeded analyst estimates by 5.2%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 25Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to US$9.47, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Banks industry in the US. Total returns to shareholders of 59% over the past three years.Price Target Changed • Mar 27Price target decreased by 7.4% to US$16.67Down from US$18.00, the current price target is an average from 3 analysts. New target price is 26% above last closing price of US$13.20. Stock is down 19% over the past year. The company is forecast to post earnings per share of US$1.80 for next year compared to US$1.85 last year.Reported Earnings • Mar 20Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: US$3.70 (down from US$5.91 in FY 2021). Revenue: US$109.4m (down 27% from FY 2021). Net income: US$21.8m (down 39% from FY 2021). Profit margin: 20% (down from 24% in FY 2021). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 3.98% (up from 3.77% in FY 2021). Non-performing loans: 1.22% (down from 1.66% in FY 2021). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 2.6%. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 28% per year.Recent Insider Transactions • Mar 19Independent Director recently bought US$82k worth of stockOn the 15th of March, Robert Casciato bought around 3k shares on-market at roughly US$27.19 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$377k more in shares than they have sold in the last 12 months.Valuation Update With 7 Day Price Move • Mar 16Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$26.75, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Banks industry in the US. Total returns to shareholders of 143% over the past three years.Recent Insider Transactions Derivative • Mar 08Executive VP exercised options to buy US$95k worth of stock.On the 6th of March, Denise Lindsay exercised options to buy 3k shares at a strike price of around US$17.01, costing a total of US$51k. This transaction amounted to 9.2% of their direct individual holding at the time of the trade. Since June 2022, Denise has owned 60.85k shares directly. Company insiders have collectively bought US$540k more than they sold, via options and on-market transactions, in the last 12 months.業績と収益の成長予測NasdaqGS:MRBK - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202715231N/AN/A212/31/202613725N/AN/A23/31/20261132199N/A12/31/2025112222424N/A9/30/2025110203830N/A6/30/2025106184737N/A3/31/2025101164029N/A12/31/2024101161910N/A9/30/202492111718N/A6/30/2024911169N/A3/31/202493122529N/A12/31/202394131719N/A9/30/202399173032N/A6/30/2023102193537N/A3/31/2023104206467N/A12/31/2022109228285N/A9/30/20221172596102N/A6/30/2022127299095N/A3/31/202213731104109N/A12/31/202115036160165N/A9/30/202116037128130N/A6/30/2021160372527N/A3/31/202115234-34-33N/A12/31/202012826-159-158N/A9/30/202010421-145-144N/A6/30/20208315-65-64N/A3/31/20207111-57-56N/A12/31/20196810N/A22N/A9/30/20196410N/A6N/A6/30/2019649N/A23N/A3/31/2019649N/A20N/A12/31/2018638N/A11N/A9/30/2018646N/A4N/A3/31/2018643N/AN/AN/A12/31/2017632N/A10N/A12/31/2016674N/A52N/A12/31/2015585N/A-34N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: MRBKの予測収益成長率 (年間21.6% ) は 貯蓄率 ( 3.5% ) を上回っています。収益対市場: MRBKの収益 ( 21.6% ) はUS市場 ( 16.8% ) よりも速いペースで成長すると予測されています。高成長収益: MRBKの収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: MRBKの収益 ( 16.5% ) US市場 ( 11.7% ) よりも速いペースで成長すると予測されています。高い収益成長: MRBKの収益 ( 16.5% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: MRBKの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YBanks 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/25 02:53終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Meridian Corporation 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関null nullD.A. Davidson & Co.Peter WinterD.A. Davidson & Co.Mark FitzgibbonPiper Sandler Companies1 その他のアナリストを表示
Major Estimate Revision • May 06Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from US$2.30 to US$2.00 per share. Revenue forecast steady at US$137.3m. Net income forecast to grow 8.3% next year vs 12% growth forecast for Banks industry in the US. Consensus price target reaffirmed at US$22.00. Share price fell 2.3% to US$17.95 over the past week.
Major Estimate Revision • May 05Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from US$2.30 to US$2.00 per share. Revenue forecast steady at US$137.3m. Net income forecast to grow 8.3% next year vs 13% growth forecast for Banks industry in the US. Consensus price target reaffirmed at US$22.00. Share price fell 9.0% to US$17.37 over the past week.
Price Target Changed • Feb 03Price target increased by 7.3% to US$22.00Up from US$20.50, the current price target is an average from 2 analysts. New target price is 8.4% above last closing price of US$20.30. Stock is up 22% over the past year. The company is forecast to post earnings per share of US$2.30 for next year compared to US$1.93 last year.
Price Target Changed • Jul 29Price target increased by 12% to US$19.00Up from US$17.00, the current price target is provided by 1 analyst. New target price is 28% above last closing price of US$14.87. Stock is up 28% over the past year. The company is forecast to post earnings per share of US$1.73 for next year compared to US$1.47 last year.
Major Estimate Revision • May 02Consensus EPS estimates fall by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$120.9m to US$119.2m. EPS estimate also fell from US$1.72 per share to US$1.54 per share. Net income forecast to grow 20% next year vs 13% growth forecast for Banks industry in the US. Consensus price target down from US$18.50 to US$17.00. Share price fell 2.3% to US$13.63 over the past week.
Price Target Changed • Jan 28Price target increased by 13% to US$18.00Up from US$16.00, the current price target is an average from 2 analysts. New target price is 9.4% above last closing price of US$16.46. Stock is up 29% over the past year. The company is forecast to post earnings per share of US$1.70 for next year compared to US$1.47 last year.
Major Estimate Revision • May 06Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from US$2.30 to US$2.00 per share. Revenue forecast steady at US$137.3m. Net income forecast to grow 8.3% next year vs 12% growth forecast for Banks industry in the US. Consensus price target reaffirmed at US$22.00. Share price fell 2.3% to US$17.95 over the past week.
Major Estimate Revision • May 05Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from US$2.30 to US$2.00 per share. Revenue forecast steady at US$137.3m. Net income forecast to grow 8.3% next year vs 13% growth forecast for Banks industry in the US. Consensus price target reaffirmed at US$22.00. Share price fell 9.0% to US$17.37 over the past week.
お知らせ • Apr 28Meridian Corporation and Meridian Bank Announces Appointment of Ken Warriner to Board of Directors, Effective April 27, 2026Meridian Corporation and Meridian Bank announced that Ken Warriner has been appointed to an open position on its Board of Directors and its principal subsidiary, Meridian Bank, effective immediately on April 27, 2026. Warriner currently serves as Senior Director of Finance and Administration of the Naples Airport Authority (NAA) in Naples, Florida, where he began his aviation career in 2018. In this role, he oversees accounting, information technology, procurement, risk management and investment activities for the Authority. Warriner has also served as a member of Meridian’s Advisory Council in Florida since 2022. Prior to joining the NAA, Warriner spent 16 years in the healthcare industry with a Fortune 500 company, where he held roles as Assistant Corporate Controller and Chief Financial Officer for several hospitals in Florida and Mississippi. He began his career in public accounting with PricewaterhouseCoopers and is a licensed Certified Public Accountant, holding a degree from Baylor University.
Declared Dividend • Apr 27First quarter dividend of US$0.14 announcedShareholders will receive a dividend of US$0.14. Ex-date: 4th May 2026 Payment date: 11th May 2026 Dividend yield will be 2.9%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 14% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 13% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 25Meridian Corporation Reports Net Charge-Offs for the First Quarter Ended March 31, 2026Meridian Corporation reported net charge-offs for the First Quarter Ended March 31, 2026. For the quarter, Net charge-offs increased to $3.9 million, or 0.18% of total average loans for the quarter ended March 31, 2026, compared to net charge-offs of $3.5 million, or 0.16%, for the quarter ended December 31, 2025. First quarter charge-offs consisted of $2.5 million in SBA loans, $149 thousand in commercial loans, $856 thousand in finance receivables, and $745 thousand of small ticket equipment leases. Partially offsetting first quarter charge-offs were recoveries of $407 thousand, mainly related to leases.
Reported Earnings • Apr 24First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: US$0.40 (up from US$0.21 in 1Q 2025). Revenue: US$26.2m (up 20% from 1Q 2025). Net income: US$4.71m (up 97% from 1Q 2025). Profit margin: 18% (up from 11% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 07Meridian Corporation, Annual General Meeting, May 28, 2026Meridian Corporation, Annual General Meeting, May 28, 2026. Location: 9 old lincoln highway, malvern, pa, 19355, United States
Reported Earnings • Mar 16Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: US$1.93 (up from US$1.47 in FY 2024). Revenue: US$111.7m (up 11% from FY 2024). Net income: US$21.8m (up 34% from FY 2024). Profit margin: 20% (up from 16% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.64% (up from 3.16% in FY 2024). Non-performing loans: 2.54% (up from 2.23% in FY 2024). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 3.8%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.
Seeking Alpha • Mar 09Meridian: Time To Take A Step Back (Downgrade)Summary Meridian Corporation delivered strong returns, outperforming the S&P 500 with a 27.1% gain since its September "Buy" upgrade. MRBK's asset quality and profitability remain robust, with return on equity at 14.79% and net income rising to $21.8 million in 2025. Credit quality is deteriorating, with non-performing loans rising to 2.50%, surpassing prudent thresholds and raising risk concerns. I am downgrading MRBK from "Buy" to "Hold" due to rising valuation and worsening credit quality, despite continued operational strength. Read the full article on Seeking Alpha
Price Target Changed • Feb 03Price target increased by 7.3% to US$22.00Up from US$20.50, the current price target is an average from 2 analysts. New target price is 8.4% above last closing price of US$20.30. Stock is up 22% over the past year. The company is forecast to post earnings per share of US$2.30 for next year compared to US$1.93 last year.
分析記事 • Feb 03Meridian (NASDAQ:MRBK) Is Paying Out A Larger Dividend Than Last YearThe board of Meridian Corporation ( NASDAQ:MRBK ) has announced that it will be paying its dividend of $0.14 on the...
Declared Dividend • Feb 02Fourth quarter dividend increased to US$0.14Dividend of US$0.14 is 12% higher than last year. Ex-date: 9th February 2026 Payment date: 17th February 2026 Dividend yield will be 2.7%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (27% payout ratio) and is expected to be well covered in 3 years' time (25% forecast payout ratio). The dividend has increased by an average of 14% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 36% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jan 30Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: US$1.93 (up from US$1.47 in FY 2024). Revenue: US$111.7m (up 11% from FY 2024). Net income: US$21.8m (up 34% from FY 2024). Profit margin: 20% (up from 16% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 3.8%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year.
お知らせ • Jan 30+ 1 more updateMeridian Corporation Declares Quarterly Cash Dividend, Payable on February 17, 2026On January 29, 2026, the Board of Directors of Meridian Corporation declared a quarterly cash dividend of $0.14 per common share, payable February 17, 2026 to shareholders of record as of February 9, 2026. This is an increase of $0.015 or 12%, compared to the quarterly cash dividend of $0.125 per common share declared in the prior quarter.
分析記事 • Oct 28Meridian (NASDAQ:MRBK) Has Announced A Dividend Of $0.125The board of Meridian Corporation ( NASDAQ:MRBK ) has announced that it will pay a dividend on the 17th of November...
Declared Dividend • Oct 27Third quarter dividend of US$0.13 announcedDividend of US$0.13 is the same as last year. Ex-date: 10th November 2025 Payment date: 17th November 2025 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 15% per year over the past 5 years and payments have been stable during that time. Earnings per share has grown by 1.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Oct 24Third quarter 2025 earnings released: EPS: US$0.59 (vs US$0.43 in 3Q 2024)Third quarter 2025 results: EPS: US$0.59 (up from US$0.43 in 3Q 2024). Revenue: US$30.2m (up 13% from 3Q 2024). Net income: US$6.66m (up 40% from 3Q 2024). Profit margin: 22% (up from 18% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 24+ 1 more updateMeridian Corporation Declares Quarterly Cash Dividend on Common Share, Payable on November 17, 2025On October 23, 2025, the Board of Directors declared a quarterly cash dividend of $0.125 per common share, payable November 17, 2025 to shareholders of record as of November 10, 2025.
New Risk • Oct 16New major risk - Revenue and earnings growthEarnings have declined by 16% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Recent Insider Transactions Derivative • Aug 10Independent Director exercised options to buy US$153k worth of stock.On the 7th of August, George Collier exercised options to buy 11k shares at a strike price of around US$7.62, costing a total of US$80k. This transaction amounted to 19% of their direct individual holding at the time of the trade. Since March 2025, George has owned 67.64k shares directly. Company insiders have collectively bought US$237k more than they sold, via options and on-market transactions, in the last 12 months.
分析記事 • Jul 31Meridian's (NASDAQ:MRBK) Dividend Will Be $0.125The board of Meridian Corporation ( NASDAQ:MRBK ) has announced that it will pay a dividend of $0.125 per share on the...
Declared Dividend • Jul 30Second quarter dividend of US$0.13 announcedDividend of US$0.13 is the same as last year. Ex-date: 11th August 2025 Payment date: 18th August 2025 Dividend yield will be 3.4%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 15% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 24% over the next year, which should provide support to the dividend and adequate earnings cover.
Price Target Changed • Jul 29Price target increased by 12% to US$19.00Up from US$17.00, the current price target is provided by 1 analyst. New target price is 28% above last closing price of US$14.87. Stock is up 28% over the past year. The company is forecast to post earnings per share of US$1.73 for next year compared to US$1.47 last year.
Reported Earnings • Jul 25Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$0.50 (up from US$0.30 in 2Q 2024). Revenue: US$28.6m (up 22% from 2Q 2024). Net income: US$5.59m (up 68% from 2Q 2024). Profit margin: 20% (up from 14% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
お知らせ • Jul 25+ 1 more updateMeridian Corporation Declares A Quarterly Cash Dividend, Payable August 18, 2025On July 24, 2025, the Board of Directors of Meridian Corporation declared a quarterly cash dividend of $0.125 per common share, payable August 18, 2025 to shareholders of record as of August 11, 2025.
New Risk • Jul 03New major risk - Revenue and earnings growthEarnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Jul 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$13.75, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Banks industry in the US. Total returns to shareholders of 5.9% over the past three years.
Major Estimate Revision • May 02Consensus EPS estimates fall by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$120.9m to US$119.2m. EPS estimate also fell from US$1.72 per share to US$1.54 per share. Net income forecast to grow 20% next year vs 13% growth forecast for Banks industry in the US. Consensus price target down from US$18.50 to US$17.00. Share price fell 2.3% to US$13.63 over the past week.
分析記事 • Apr 28Meridian (NASDAQ:MRBK) Is Paying Out A Dividend Of $0.125Meridian Corporation ( NASDAQ:MRBK ) will pay a dividend of $0.125 on the 19th of May. This means the dividend yield...
Declared Dividend • Apr 28First quarter dividend of US$0.13 announcedDividend of US$0.13 is the same as last year. Ex-date: 12th May 2025 Payment date: 19th May 2025 Dividend yield will be 3.6%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 15% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 25% over the next year, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 27First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: US$0.21 (down from US$0.24 in 1Q 2024). Revenue: US$21.9m (flat on 1Q 2024). Net income: US$2.40m (down 10% from 1Q 2024). Profit margin: 11% (down from 12% in 1Q 2024). Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 26+ 1 more updateMeridian Corporation Reports Net Charge Offs for the First Quarter Ended March 31, 2025Meridian Corporation reported net charge offs for the first quarter ended March 31, 2025. For the quarter, the company's net charge-offs as a % of total average loans of 0.14% for the quarter ended March 31, 2025, decreased from 0.34% for the quarter ended December 31, 2024. Net charge-offs decreased to $2.8 million for the quarter ended March 31, 2025, compared to net charge-offs of $7.1 million for the quarter ended December 31, 2024.
お知らせ • Apr 07Meridian Corporation, Annual General Meeting, May 22, 2025Meridian Corporation, Annual General Meeting, May 22, 2025. Location: 9 old lincoin highway, pa 19355, malvern United States
Seeking Alpha • Mar 26The Case For Meridian CorporationSummary Meridian Bank, founded in 2004, has grown significantly within the Delaware Valley, focusing on business, industrial, retail, and commercial lending. Headquartered in Malvern, PA, the bank employs a lean growth model, strategically placing branches to minimize overhead costs. Meridian emphasizes customer satisfaction and client relationships, driving growth through referrals and maintaining a consumer-friendly outlook. Despite being small by regional standards, Meridian boasts a strong balance sheet, healthy cash flows, and is positioned for future growth. Read the full article on Seeking Alpha
Seeking Alpha • Mar 20Meridian Corporation: Earnings To Surge Thanks To Margin, Loan GrowthSummary Due to changes in my interest rate outlook, I have reduced my mortgage banking income estimate but raised my net interest margin estimate. I’m now expecting an EPS of $1.67, down from my previous estimate of $1.69. I’m expecting earnings to grow by 15% this year, thanks to expected net interest margin expansion and loan growth. The year-end target price suggests there is still room for price upside. Further, MRBK is offering a moderate dividend yield of 3.6%. Read the full article on Seeking Alpha
Reported Earnings • Mar 18Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$1.47 (up from US$1.19 in FY 2023). Revenue: US$100.9m (up 7.3% from FY 2023). Net income: US$16.3m (up 23% from FY 2023). Profit margin: 16% (up from 14% in FY 2023). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.16% (down from 3.35% in FY 2023). Non-performing loans: 2.23% (up from 1.79% in FY 2023). Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 9.8%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 22Meridian Corporation has filed a Follow-on Equity Offering.Meridian Corporation has filed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock Securities Offered: 1,000,000
Price Target Changed • Jan 28Price target increased by 13% to US$18.00Up from US$16.00, the current price target is an average from 2 analysts. New target price is 9.4% above last closing price of US$16.46. Stock is up 29% over the past year. The company is forecast to post earnings per share of US$1.70 for next year compared to US$1.47 last year.
Declared Dividend • Jan 27Fourth quarter dividend of US$0.13 announcedDividend of US$0.13 is the same as last year. Ex-date: 10th February 2025 Payment date: 18th February 2025 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (34% payout ratio) and is expected to be well covered in 3 years' time (26% forecast payout ratio). The dividend has increased by an average of 15% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 30% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jan 24Meridian Corporation Declares Quarterly Dividend , Payable on February 18, 2025Meridian Corporation declared a quarterly cash dividend of $0.125 per common share, payable February 18, 2025 to shareholders of record as of February 10, 2025.
Seeking Alpha • Dec 31Meridian Corporation: Downgrading Out Of An Abundance Of CautionSummary After a recent 18% rise in shares, I am downgrading Meridian Corporation from “Buy” to “Hold” due to mixed asset quality and higher relative earnings valuation. Meridian's deposits grew to $1.98 billion, but 26% are brokered, making them costlier. The loan portfolio increased to $1.99 billion, with significant commercial mortgage exposure. Net interest income declined due to lower net interest margins, while non-interest income improved, driven by mortgage banking income and favorable loan fair value changes. Given the mixed results and economic risks, I prefer caution. Declining interest rates could further impact net interest income, prompting my downgrade to “Hold”. Read the full article on Seeking Alpha
Price Target Changed • Dec 19Price target increased by 13% to US$18.00Up from US$16.00, the current price target is an average from 2 analysts. New target price is 24% above last closing price of US$14.50. Stock is up 8.5% over the past year. The company is forecast to post earnings per share of US$1.29 for next year compared to US$1.19 last year.
Valuation Update With 7 Day Price Move • Nov 26Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$16.65, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Banks industry in the US. Total returns to shareholders of 14% over the past three years.
Price Target Changed • Oct 29Price target increased by 10% to US$16.00Up from US$14.50, the current price target is an average from 2 analysts. New target price is 15% above last closing price of US$13.97. Stock is up 40% over the past year. The company is forecast to post earnings per share of US$1.31 for next year compared to US$1.19 last year.
分析記事 • Oct 29Meridian (NASDAQ:MRBK) Will Pay A Dividend Of $0.125Meridian Corporation ( NASDAQ:MRBK ) has announced that it will pay a dividend of $0.125 per share on the 19th of...
Declared Dividend • Oct 28Third quarter dividend of US$0.13 announcedDividend of US$0.13 is the same as last year. Ex-date: 12th November 2024 Payment date: 19th November 2024 Dividend yield will be 3.7%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 19% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 44% over the next year, which should provide support to the dividend and adequate earnings cover.
New Risk • Oct 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.2% increase in shares outstanding).
Reported Earnings • Oct 25Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: US$0.43 (up from US$0.36 in 3Q 2023). Revenue: US$26.8m (up 6.2% from 3Q 2023). Net income: US$4.74m (up 18% from 3Q 2023). Profit margin: 18% (up from 16% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.5%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 25+ 1 more updateMeridian Corporation Reports Net Charge Offs for the Third Quarter Ended September 30, 2024Meridian Corporation reported net charge offs for the third quarter ended September 30, 2024. For the quarter, the company realized net charge-offs of 0.11% of total average loans for the quarter ended September 30, 2024, down from 0.20% for the quarter ended June 30, 2024. Net charge-offs decreased to $2.3 million for the quarter ended September 30, 2024, compared to net charge-offs of $4.1 million for the quarter ended June 30, 2024.
Seeking Alpha • Oct 17Meridian Corporation: Rate Cuts To Boost Mortgage Banking IncomeSummary The biggest earnings catalyst is interest rate cuts, which will provide a much-needed boost to MRBK’s mortgage banking business. The net interest income will also grow because rate cuts and a conducive economic environment will drive loan growth. The December 2025 target price suggests a moderate upside from the October 15 closing price. Additionally, MRBK is offering a dividend yield of 3.9%. Read the full article on Seeking Alpha
Price Target Changed • Aug 28Price target increased by 7.7% to US$14.00Up from US$13.00, the current price target is an average from 2 analysts. New target price is 21% above last closing price of US$11.60. Stock is down 0.9% over the past year. The company is forecast to post earnings per share of US$1.25 for next year compared to US$1.19 last year.
Declared Dividend • Jul 31Second quarter dividend of US$0.13 announcedDividend of US$0.13 is the same as last year. Ex-date: 12th August 2024 Payment date: 19th August 2024 Dividend yield will be 4.3%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 19% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 36% over the next year, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jul 28Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: EPS: US$0.30 (down from US$0.42 in 2Q 2023). Revenue: US$23.4m (down 8.3% from 2Q 2023). Net income: US$3.33m (down 28% from 2Q 2023). Profit margin: 14% (down from 18% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 4.3%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
お知らせ • Jul 27Meridian Corporation Announces Quarterly Dividend, Payable on August 19, 2024On July 25, 2024, the Board of Directors of Meridian Corporation declared a quarterly cash dividend of $0.125 per common share, payable August 19, 2024 to shareholders of record as of August 12, 2024.
Seeking Alpha • Jul 16Meridian Corporation: Patience Is RequiredSummary Patience is key for investors, as some investments take time to play out and can result in pain before the eventual upside is achieved. Meridian Corporation is a small regional bank with growing deposits and loans, but struggling with declining net interest income and non-interest income. Despite weaknesses from the perspective of its income statement and its asset quality, Meridian Corporation's cheap valuation makes it a modestly bullish investment. Read the full article on Seeking Alpha
Declared Dividend • May 01First quarter dividend of US$0.13 announcedDividend of US$0.13 is the same as last year. Ex-date: 10th May 2024 Payment date: 20th May 2024 Dividend yield will be 5.7%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 19% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 23% over the next year, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 28First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2024 results: EPS: US$0.24 (down from US$0.36 in 1Q 2023). Revenue: US$21.7m (down 5.2% from 1Q 2023). Net income: US$2.68m (down 33% from 1Q 2023). Profit margin: 12% (down from 18% in 1Q 2023). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 1.4%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 27Meridian Corporation Announces Quarterly Dividend of $0.125 Per Common Share, Payable May 20, 2024Meridian Corporation announced that on April 25, 2024, the Board of Directors declared a quarterly cash dividend of $0.125 per common share, payable May 20, 2024 to shareholders of record as of May 13, 2024.
New Risk • Apr 16New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: US$99.6m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (US$99.6m market cap).
お知らせ • Apr 16Meridian Bank Announces Appointment of Patrick Hart as Senior Vice President, Commercial LendingMeridian Bank announced the appointment of Patrick Hart to the position of Senior Vice President, Commercial Lending. As part of the bank’s Chester County team, he’ll partner with commercial and industrial organizations throughout that community. Hart received his undergraduate degree in accounting from Drexel University, followed by an MBA in finance from Drexel. He has spent his entire 25-year banking career in the Greater Philadelphia region, serving with community banks and larger regional institutions. He brings expertise in both the credit and lending areas to his position at Meridian. Hart resides in Southern Chester County with his wife Claudine and two daughters, Juliana and Grace.
Seeking Alpha • Apr 08Meridian: High Dividend Yield With A Positive Earnings Outlook (Rating Upgrade)Summary The interest-rate down cycle will lift the mortgage banking income, net interest margin, and loan portfolio size. I’m estimating earnings to grow by 14% year-over-year in 2024. MRBK is currently offering an attractive dividend yield of 5.4%. The December 2024 target price suggests a very high price upside. Hence, I’m upgrading MRBK to a Buy rating. Read the full article on Seeking Alpha
お知らせ • Apr 05Meridian Corporation, Annual General Meeting, May 21, 2024Meridian Corporation, Annual General Meeting, May 21, 2024, at 10:00 US Eastern Standard Time. Location: Corporate Headquarters, located at 9 Old Lincoln Highway Malvern, PA, 19355 Malvern Pennsylvania United States Agenda: To consider election of two directors as “Class A” directors of the Board, to serve a three-year term expiring in 2027; to consider A non-binding say-on-pay proposal to approve the compensation of the Corporation’s named executive officers; to consider The ratification of the appointment of Crowe LLP as the Corporation’s independent auditor for the fiscal year ending December 31, 2024; and to consider other business matters.
Reported Earnings • Mar 19Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: US$1.19 (down from US$1.85 in FY 2022). Revenue: US$94.1m (down 14% from FY 2022). Net income: US$13.2m (down 39% from FY 2022). Profit margin: 14% (down from 20% in FY 2022). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 3.35% (down from 3.98% in FY 2022). Non-performing loans: 1.79% (up from 1.22% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Feb 07Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to US$9.68, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Banks industry in the US. Negligible returns to shareholders over past three years.
Upcoming Dividend • Feb 02Upcoming dividend of US$0.13 per share at 4.4% yieldEligible shareholders must have bought the stock before 09 February 2024. Payment date: 20 February 2024. Trailing yield: 4.4%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (3.2%).
Declared Dividend • Jan 31Fourth quarter dividend of US$0.13 announcedShareholders will receive a dividend of US$0.13. Ex-date: 9th February 2024 Payment date: 20th February 2024 Dividend yield will be 4.1%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by earnings (42% payout ratio) and is expected to be well covered in 3 years' time (30% forecast payout ratio). The dividend has increased by an average of 19% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 37% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jan 28Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: US$1.19 (down from US$1.85 in FY 2022). Revenue: US$94.1m (down 14% from FY 2022). Net income: US$13.2m (down 39% from FY 2022). Profit margin: 14% (down from 20% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
お知らせ • Jan 27+ 1 more updateMeridian Corporation Reports Net-Charge-Offs for the Fourth Quarter Ended December 31, 2023Meridian Corporation reported net-charge-offs for the fourth quarter ended December 31, 2023. For the quarter, net charge-offs of 0.11% of total average loans for the quarter ended December 31, 2023, compared with the quarter ended September 30, 2023 level of 0.05%, as net charge-offs increased to $2.2 million for the quarter ended December 31, 2023, compared to net-charge-offs of $913,000 for the quarter ended September 30, 2023.
Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$12.69, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Banks industry in the US. Total returns to shareholders of 57% over the past three years.
Upcoming Dividend • Nov 03Upcoming dividend of US$0.13 per share at 4.9% yieldEligible shareholders must have bought the stock before 10 November 2023. Payment date: 20 November 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of American dividend payers (5.3%). Higher than average of industry peers (4.0%).
Price Target Changed • Nov 01Price target decreased by 7.5% to US$12.33Down from US$13.33, the current price target is an average from 3 analysts. New target price is 23% above last closing price of US$10.00. Stock is down 35% over the past year. The company is forecast to post earnings per share of US$1.41 for next year compared to US$1.85 last year.
Reported Earnings • Oct 29Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: US$0.36 (down from US$0.49 in 3Q 2022). Revenue: US$25.2m (down 9.0% from 3Q 2022). Net income: US$4.01m (down 31% from 3Q 2022). Profit margin: 16% (down from 21% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 7.1%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
お知らせ • Oct 28+ 1 more updateMeridian Corporation Reports Net Charge-Offs for the Third Quarter Ended September 30, 2023Meridian Corporation reported net charge-offs for the third quarter ended September 30, 2023. For the quarter, the company reported net charge-offs were $913,000.
お知らせ • Oct 14Meridian Bank Announces Executive ChangesMeridian Bank announced the retirement of Joseph Cafarchio, Chief Credit Officer, effective October 13, 2023. Mr. Cafarchio has served in the position since Meridian’s inception in 2004. Prior to joining Meridian, Joe had a long career in the Philadelphia-area banking community, including positions with National Penn Bank, Stonebridge Bank and the Philadelphia Federal Reserve, where he started his career after graduating from Wharton. Before entering the financial world, he pursued his other professional passion as a saxophonist in a nationally touring band. While at Meridian, Joe often combined these two areas of talent by breaking out his horn to the delight of all at Meridian employee and customer events. Mr. Cafarchio will be succeeded in his role as Chief Credit Officer by Andy Fox.
Price Target Changed • Aug 04Price target increased by 14% to US$13.33Up from US$11.67, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$12.78. Stock is down 11% over the past year. The company is forecast to post earnings per share of US$1.53 for next year compared to US$1.85 last year.
Upcoming Dividend • Aug 04Upcoming dividend of US$0.13 per share at 4.0% yieldEligible shareholders must have bought the stock before 11 August 2023. Payment date: 21 August 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (3.4%).
お知らせ • Jul 29+ 1 more updateMeridian Corporation Declares Quarterly Cash Dividend for the Second Quarter Ended June 30, 2023, Payable on August 21, 2023the Board of Directors of Meridian Corporation declared a quarterly cash dividend of $0.125 per common share for the second quarter ended June 30, 2023 payable August 21, 2023 to shareholders of record as of August 14, 2023.
Reported Earnings • Jul 28Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: US$0.42 (down from US$0.49 in 2Q 2022). Revenue: US$25.5m (down 6.7% from 2Q 2022). Net income: US$4.65m (down 22% from 2Q 2022). Profit margin: 18% (down from 22% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 7.0%. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
New Risk • Jun 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Recent Insider Transactions • May 11Independent Director recently bought US$86k worth of stockOn the 9th of May, Robert Casciato bought around 10k shares on-market at roughly US$8.63 per share. This transaction amounted to 4.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$591k more in shares than they have sold in the last 12 months.
Price Target Changed • May 06Price target decreased by 17% to US$12.33Down from US$14.83, the current price target is an average from 3 analysts. New target price is 43% above last closing price of US$8.60. Stock is down 46% over the past year. The company is forecast to post earnings per share of US$1.59 for next year compared to US$1.85 last year.
Reported Earnings • May 03First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2023 results: EPS: US$0.36 (down from US$0.46 in 1Q 2022). Revenue: US$22.9m (down 20% from 1Q 2022). Net income: US$4.02m (down 27% from 1Q 2022). Profit margin: 18% (down from 19% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) exceeded analyst estimates by 5.2%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 25Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to US$9.47, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Banks industry in the US. Total returns to shareholders of 59% over the past three years.
Price Target Changed • Mar 27Price target decreased by 7.4% to US$16.67Down from US$18.00, the current price target is an average from 3 analysts. New target price is 26% above last closing price of US$13.20. Stock is down 19% over the past year. The company is forecast to post earnings per share of US$1.80 for next year compared to US$1.85 last year.
Reported Earnings • Mar 20Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: US$3.70 (down from US$5.91 in FY 2021). Revenue: US$109.4m (down 27% from FY 2021). Net income: US$21.8m (down 39% from FY 2021). Profit margin: 20% (down from 24% in FY 2021). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 3.98% (up from 3.77% in FY 2021). Non-performing loans: 1.22% (down from 1.66% in FY 2021). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 2.6%. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 28% per year.
Recent Insider Transactions • Mar 19Independent Director recently bought US$82k worth of stockOn the 15th of March, Robert Casciato bought around 3k shares on-market at roughly US$27.19 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$377k more in shares than they have sold in the last 12 months.
Valuation Update With 7 Day Price Move • Mar 16Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$26.75, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Banks industry in the US. Total returns to shareholders of 143% over the past three years.
Recent Insider Transactions Derivative • Mar 08Executive VP exercised options to buy US$95k worth of stock.On the 6th of March, Denise Lindsay exercised options to buy 3k shares at a strike price of around US$17.01, costing a total of US$51k. This transaction amounted to 9.2% of their direct individual holding at the time of the trade. Since June 2022, Denise has owned 60.85k shares directly. Company insiders have collectively bought US$540k more than they sold, via options and on-market transactions, in the last 12 months.