secwatch.observer — SEC 8-K summary
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Issuer:     Meridian Corp (MRBK)
CIK:        0001750735
Form:       8-K
Filed at:   2022-08-01T23:59:59+00:00
Accession:  0001750735-22-000038
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Meridian Q2 net income $5.9M ($0.96 EPS); NIM expands to 4.07%, loan growth 25% annualized ex-PPP
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- Net income of $5.9M vs $5.5M in Q1; diluted EPS $0.96 vs $0.88 prior quarter.
- Net interest margin rose 18 bps to 4.07%; commercial loan growth ex-PPP $73.8M (24% annualized).
- Non-interest income $10.4M, down $2.7M from Q1 on lower SBA loan sales ($12.8M sold vs $25.2M).
- Board declared $0.20/sh dividend payable Aug 22 to holders of record Aug 15.
- Repurchased 97,385 shares at avg $31.14 during Q2; tangible book value $25.16/sh.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750735/000175073522000038/0001750735-22-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750735/000175073522000038/q22022_earningsreleasex8k.htm
  HTML page:      https://secwatch.observer/filing/0001750735-22-000038

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