secwatch.observer — SEC 8-K summary
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Issuer:     Meridian Corp (MRBK)
CIK:        0001750735
Form:       8-K
Filed at:   2022-05-02T23:59:59+00:00
Accession:  0001750735-22-000009
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Meridian reports Q1 net income $5.5M ($0.88 EPS); loan growth 26% annualized; dividend $0.20
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- Net income of $5.5M, diluted EPS $0.88, down from $10.2M ($1.65) in Q1 2021; revenue $31.1M.
- Net interest margin improved to 3.89% from 3.83% Q4; portfolio loan growth ex-PPP $84.1M (26% annualized).
- Total deposits grew $118.4M to $1.6B; non-interest bearing deposits up $16.9M to $291.4M.
- Quarterly cash dividend of $0.20/share declared, payable May 23 to holders of record May 16, 2022.
- Non-interest income fell $13.9M (51.6%) YoY largely due to lower mortgage banking revenue ($17.0M decrease).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750735/000175073522000009/0001750735-22-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750735/000175073522000009/mrbk-20220502.htm
  HTML page:      https://secwatch.observer/filing/0001750735-22-000009

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