8-K
filed January 30, 2023, 6:59 PM ET
ticker MRBK
CIK 0001750735
earnings
confidence high
sentiment neutral
materiality 0.70
Meridian Q4 net income $4.6M ($0.77 diluted EPS); full-year $21.8M ($3.58); dividend raised to $0.25
Meridian Corp
2022-FY EPS reported
$1.79
revenue$4,733,000
- Q4 net income $4.6M, down from $5.8M in Q3; diluted EPS $0.77 vs $0.96.
- Net interest margin 3.93% vs 4.01% in Q3; net interest income up 2.7% to $18.5M.
- Non-interest income fell 21.8% to $8.0M, driven by mortgage (-46%) and SBA (-47%).
- Quarterly dividend increased to $0.25 per share, payable Feb 21, 2023.
- Credit quality stable: NPLs/loans 1.20% vs 1.40% in Q3; net charge-offs 0.05% of avg loans.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Meridian Corp reported fourth quarter ended December 31, 2022 results: revenue $35.8 million, net income $4.6 million, EPS $0.77.
- Period
- fourth quarter ended December 31, 2022
- Revenue
- $35.8 million
- Net income
- $4.6 million
- EPS
- $0.77
- Result
- reported results
Exact text from the filing
Meridian’s fourth quarter revenue of $35.8 million generated earnings of $4.6 million, or $0.77 per diluted share.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Meridian Corp reported year ended December 31, 2022 results: net income $21.8 million, EPS $3.58.
- Period
- year ended December 31, 2022
- Net income
- $21.8 million
- EPS
- $3.58
- Result
- reported results
Exact text from the filing
Net income of $21.8 million and diluted earnings per share of $3.58 for the year ended December 31, 2022
View on SEC.gov
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