Meridian Past Earnings Performance
Past criteria checks 2/6
Meridian has been growing earnings at an average annual rate of 13.1%, while the Banks industry saw earnings growing at 10.5% annually. Revenues have been growing at an average rate of 9.9% per year. Meridian's return on equity is 8.4%, and it has net margins of 14.1%.
Key information
13.1%
Earnings growth rate
14.9%
EPS growth rate
Banks Industry Growth | 11.2% |
Revenue growth rate | 9.9% |
Return on equity | 8.4% |
Net Margin | 14.1% |
Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Meridian (NASDAQ:MRBK) Will Pay A Dividend Of $0.20
Nov 04Meridian Bank GAAP EPS of $0.96 beats by $0.03, revenue of $27.95M misses by $2.68M
Aug 01Meridian Corporation: Heavy Reliance On Mortgage Banking Income To Hurt Earnings This Year
Apr 19Meridian Corp.: More Growth Ahead
Jan 13Meridian Corp.: Earnings Trend To Depend On Mortgage Banking Normalization
Sep 02Meridian's (NASDAQ:MRBK) Dividend Will Be US$0.13
Jul 30It's Unlikely That Meridian Corporation's (NASDAQ:MRBK) CEO Will See A Huge Pay Rise This Year
Jun 11Analysts Just Shipped A Sizeable Upgrade To Their Meridian Corporation (NASDAQ:MRBK) Estimates
Apr 30Meridian Bank declares $0.125 dividend
Apr 27Here's Why I Think Meridian (NASDAQ:MRBK) Is An Interesting Stock
Apr 15Did Meridian's (NASDAQ:MRBK) Share Price Deserve to Gain 91%?
Mar 19There's A Lot To Like About Meridian's (NASDAQ:MRBK) Upcoming US$1.00 Dividend
Feb 21Meridian Corporation (NASDAQ:MRBK) Looks Like A Good Stock, And It's Going Ex-Dividend Soon
Feb 05Analysts Just Made A Massive Upgrade To Their Meridian Corporation (NASDAQ:MRBK) Forecasts
Feb 04What Type Of Shareholders Own The Most Number of Meridian Corporation (NASDAQ:MRBK) Shares?
Jan 29Revenue & Expenses BreakdownBeta
How Meridian makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
---|---|---|---|---|
31 Dec 23 | 94 | 13 | 67 | 0 |
30 Sep 23 | 99 | 17 | 67 | 0 |
30 Jun 23 | 102 | 19 | 68 | 0 |
31 Mar 23 | 104 | 20 | 68 | 0 |
31 Dec 22 | 109 | 22 | 73 | 0 |
30 Sep 22 | 117 | 25 | 76 | 0 |
30 Jun 22 | 127 | 29 | 82 | 0 |
31 Mar 22 | 137 | 31 | 89 | 0 |
31 Dec 21 | 150 | 36 | 95 | 0 |
30 Sep 21 | 160 | 37 | 103 | 0 |
30 Jun 21 | 160 | 37 | 104 | 0 |
31 Mar 21 | 152 | 34 | 99 | 0 |
31 Dec 20 | 128 | 26 | 86 | 0 |
30 Sep 20 | 104 | 21 | 68 | 0 |
30 Jun 20 | 83 | 15 | 57 | 0 |
31 Mar 20 | 71 | 11 | 49 | 0 |
31 Dec 19 | 68 | 10 | 47 | 0 |
30 Sep 19 | 64 | 10 | 45 | 0 |
30 Jun 19 | 64 | 9 | 45 | 0 |
31 Mar 19 | 64 | 9 | 45 | 0 |
31 Dec 18 | 63 | 8 | 46 | 0 |
30 Sep 18 | 64 | 6 | 50 | 0 |
31 Mar 18 | 64 | 3 | 50 | 0 |
31 Dec 17 | 63 | 2 | 50 | 0 |
31 Dec 16 | 67 | 4 | 48 | 0 |
31 Dec 15 | 58 | 5 | 39 | 0 |
31 Dec 14 | 44 | 4 | 30 | 0 |
31 Dec 13 | 41 | 4 | 0 | 0 |
Quality Earnings: MRBK has high quality earnings.
Growing Profit Margin: MRBK's current net profit margins (14.1%) are lower than last year (20%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MRBK's earnings have grown by 13.1% per year over the past 5 years.
Accelerating Growth: MRBK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MRBK had negative earnings growth (-39.3%) over the past year, making it difficult to compare to the Banks industry average (-9%).
Return on Equity
High ROE: MRBK's Return on Equity (8.4%) is considered low.