Meridian Q3 net income $5.8M, EPS $0.96; loan growth ex-PPP up $69.1M

Meridian Corp

2022-Q3 EPS reported $2.80 revenue$3,672,000

Net income $5.8M, diluted EPS $0.96 flat QoQ; revenue $33.2M.
Net interest margin 4.01% (down 6 bps QoQ); commercial loan growth ex-PPP $69.1M.
Non-interest income $10.2M (-1.7% QoQ); mortgage income +$387K on wider margins.
Quarterly dividend $0.20/sh, payable Nov 21, record Nov 14, 2022.
Repurchased 197,849 shares at avg $30.36 during Q3.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Meridian Corp reported the third quarter ended September 30, 2022 results: revenue $33.2 million, net income $5.8 million, EPS $0.96.

Period: the third quarter ended September 30, 2022
Revenue: $33.2 million
Net income: $5.8 million
EPS: $0.96
Result: reported results

Exact text from the filing

Meridian’s third quarter revenue of $33.2 million generated earnings of $5.8 million, or $0.96 per diluted share.

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Source: SEC EDGAR

accession 0001750735-22-000071

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