Noticias y eventos de Meridian Corp (MRBK)MRBKMeridian Corp

Meridian Bank's Net Interest Margin Rises to 3.77%

Net interest margin was 3.77%, up 8 basis points from prior quarter. Christopher Annas, Chairman and CEO commented: "The Meridian team delivered a solid third quarter and strong net interest margin. Loan balances are generally flat nine months to date, but we actually booked $363 million over the period in lines of credit and term loans. Balances have been impacted partly by strategic paydowns in leasing and SBA, which totaled $43 million for the nine months, as well as competition from PE firms. The wealth group grew quarterly pre-tax income by 35% over the third quarter of 2025 due to higher AUM, better efficiencies, and a good referral pipeline from our commercial group. Our mortgage group had a down third quarter, which is historically the most productive, as closed loans declined 27% from the prior quarter. Low housing inventory is dogging the industry with higher rates having a lesser impact. Mortgage's quarterly pre-tax loss of $1.6 million included a non-operating $955 thousand loss on a small portfolio of mortgage loans that are fair-valued quarterly. We continue to make mortgage cost adjustments to align with volume. We remain intensely focused on resolving non-performing loans without incurring elevated charge-offs. We had improvements in the third quarter, but this takes time and should result in stronger recoveries. We have strengthened our treasury and payments teams with experienced industry professionals in a concentrated effort to improve our deposit franchise and expect this to yield good results in 2027. Our ROA and ROE ratios remain strong despite some headwinds, and we look forward to improvement in the coming year."

Net Income Reaches $7.2M in Q4 2025

Net income for the quarter ended December 31, 2025 was $7.2M, or 61c per diluted share, up $527,000, or 8%, from prior quarter. Pre-provision net revenue for the quarter was $12.6M, an improvement of $1.4M, or 13% from Q4'2024. Net interest margin was 3.77% for the fourth quarter of 2025, while the loan yield declined to 7.15%, and cost of funds declined to 3.23% from the prior quarter. Total assets at December 31, 2025 were $2.6B, compared to $2.5B at September 30, 2025 and $2.4B at December 31, 2024.

Meridian Corporation Declares Quarterly Cash Dividend of 14 Cents

Meridian Corporation reported the board of directors declared a quarterly cash dividend of 14c per common share, payable February 17 to shareholders of record as of February 9. This is an increase of 1.5c or 12%, compared to the quarterly cash dividend of 12.5c per common share declared in the prior quarter. Christopher Annas, Chairman and CEO commented: "Meridian's fourth quarter earnings grew 7.9% over the prior quarter, to $7.2 million. Annual earnings grew 33.6% over 2024 to $21.8 million. Year-over-year growth of our core commercial, industrial, and real estate loan portfolios equaled 10.7%, driven mostly through new and existing loan relationships, and despite SBA loan sales and a $25 million residential mortgage sale to reallocate to commercial. The exceptional loan growth has been sustainable over the years due to targeted lending hires, training new candidates and devising new ways to capitalize on market disruption."