Meridian Corporation

NasdaqGS:MRBK Stock Report

Market Cap: US$156.8m

Meridian Balance Sheet Health

Financial Health criteria checks 4/6

Meridian has total assets of $2.4B and total equity of $167.5M. Total deposits are $2.0B, and total loans are $2.0B earning a Net Interest Margin of 3.4%. It has insufficient allowance for bad loans, which are currently at 2.2% of total loans. Cash and short-term investments are $35.6M.

Key information

14.3x

Asset to equity ratio

3.4%

Net interest margin

Total deposits

US$1.98b

Loan to deposit ratio

Appropriate

Bad loans

2.2%

Allowance for bad loans

Low

Current ratio

Low

Cash & equivalents

US$35.56m

Recent financial health updates

No updates

Recent updates

Meridian (NASDAQ:MRBK) Will Pay A Dividend Of $0.125

Oct 29
Meridian (NASDAQ:MRBK) Will Pay A Dividend Of $0.125

Meridian Corporation: Rate Cuts To Boost Mortgage Banking Income

Oct 17

Meridian Corporation: Patience Is Required

Jul 16

Meridian: High Dividend Yield With A Positive Earnings Outlook (Rating Upgrade)

Apr 08

Meridian (NASDAQ:MRBK) Will Pay A Dividend Of $0.20

Nov 04
Meridian (NASDAQ:MRBK) Will Pay A Dividend Of $0.20

Meridian Bank GAAP EPS of $0.96 beats by $0.03, revenue of $27.95M misses by $2.68M

Aug 01

Meridian Corporation: Heavy Reliance On Mortgage Banking Income To Hurt Earnings This Year

Apr 19

Meridian Corp.: More Growth Ahead

Jan 13

Meridian Corp.: Earnings Trend To Depend On Mortgage Banking Normalization

Sep 02

Meridian's (NASDAQ:MRBK) Dividend Will Be US$0.13

Jul 30
Meridian's (NASDAQ:MRBK) Dividend Will Be US$0.13

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: MRBK's Assets to Equity ratio (14.3x) is moderate.

Allowance for Bad Loans: MRBK has a low allowance for bad loans (49%).

Low Risk Liabilities: 89% of MRBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: MRBK has an appropriate level of Loans to Assets ratio (83%).

Low Risk Deposits: MRBK's Loans to Deposits ratio (100%) is appropriate.

Level of Bad Loans: MRBK has a high level of bad loans (2.2%).


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 10:58
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Meridian Corporation is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell Elliott GuntherD.A. Davidson & Co.
null nullD.A. Davidson & Co.
Manuel NavasD.A. Davidson & Co.