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Noticias de MRBK
Eventos de MRBK
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."
Meridian Bank reports Q2 EPS 49c vs. 30c last year
Reports Q2 revenue $11.1M vs. $7.1M last year. Q2 net interest margin was 3.54% vs. 3.46% in Q1. Tangible book value per common share was $15.44 from $15.06 at previous quarter end. CEO Christopher Annas commented: "Meridian's Q2 earnings of $5.6M were substantially above Q1, benefiting from improving margin, SBA loan sales and mortgage seasonality. PPNR was up 33% over the same period, reflecting overall healthy growth in our business units and good expense control. Loan growth was 2.5% for the quarter but was negatively impacted by a large SBA loan sale and the planned paydowns in our lease group. We continue to forecast loan growth in the 8-10% range for the year. Management is intensely focused on reducing the nonperforming loans, historically high for us, but negotiations and lengthy court schedules will slow the process...Our principal Philadelphia metro market is healthy and vibrant, and we have not yet seen the impact of economic uncertainties. We are excited about our market penetration in all segments, and believe this will propel us to greater performance."
Meridian Bank reports Q4 EPS 49c vs 42c last year
Christopher Annas, Chairman and CEO commented: "Our fourth quarter earnings showed significant improvement from the third quarter, increasing by 18.1% to $5.6 million, or $0.49 per share. For the year, net income increased 23.4% to $16.3 million, and $1.45 per share. While we are pleased with the improvement, we are still working through the drastic rate shock brought on by the Fed, particularly in our net interest margin which is down 50 basis points from 2019 levels. The team is working diligently each day to return to historical spreads."
Meridian Bank reports Q3 EPS 42c, two estimates 35c
Christopher J. Annas, Chairman and CEO commented: "Our third quarter earnings showed significant improvement from the second quarter, increasing by 42.6% to $4.7 million, or $0.42 per share. Key highlights include an improving net interest margin at 3.20% for the quarter, and strong results from our wealth and mortgage segments. Robust loan growth of 7.2% for the first nine months of the year reflects our strong sales culture and healthy economic conditions in our primary market areas. We have great systems for lenders to be more effective, and that same technology for our customers to bank entirely online, which leads to better efficiencies. Deposit growth is consistent, and we are evaluating deposit-rich segments to accelerate growth that is less reliant on branch networks. Our wealth segment is benefiting from local disruption and the cross-selling from our commercial/industrial and CRE lending units. A recent hire from a large local bank has accelerated growth and has a pipeline for adding advisors. The mortgage segment has recovered from the rate shock, and despite a continued lack of homes for sale, is hitting volume levels similar to pre-2019. The hard decisions made to cut back expenses and reposition the business are paying off. And if mortgage rates fall in 2025, there are many refinance opportunities. Since starting the bank in 2004, Meridian has built a great reputation for responsiveness and consistency. The business community heavily relies on these qualities in a bank to build and grow themselves. We are the go-to bank in the Philadelphia metro market, and in a great position to build ever larger market share."
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