secwatch.observer — SEC 8-K summary
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Issuer:     Meridian Corp (MRBK)
CIK:        0001750735
Form:       8-K
Filed at:   2021-11-01T23:59:59+00:00
Accession:  0001558370-21-013926
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Meridian Q3 net income $9.4M ($1.52 diluted EPS); dividend raised to $0.20
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- Net income $9.4M ($1.52 diluted EPS) vs $8.3M ($1.33) in Q2 2021 and $9.2M ($1.51) in Q3 2020.
- Revenue of $40.4M; net interest margin 3.83%, ROE 24.07%, ROA 2.15%.
- Cash dividend increased to $0.20 per share, payable Nov 22, 2021 to holders of record Nov 15.
- Repurchased 78,491 shares at avg $27.41 during Q3; loan portfolio grew 21% annualized (ex-PPP and mortgages).
- Mortgage originations $522.9M in Q3, down 14.9% QoQ; refinance activity fell to 36% of originations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750735/000155837021013926/0001558370-21-013926-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750735/000155837021013926/mrbk-20211101x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-013926

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer