---
schema_version: "secwatch.filing_event.v1"
accession: "0001750735-23-000038"
form_type: "8-K"
ticker: "MRBK"
cik: "0001750735"
company_name: "Meridian Corp"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:43:52.932170+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Meridian Corp Q1 net income $4.0M ($0.34 EPS), NIM 3.61%, loans up 4.7%

## Summary
- Net income $4.0M ($0.34 diluted EPS) vs $4.6M ($0.39) in Q4 2022 and $5.5M ($0.44) a year ago.
- Net interest margin 3.61%, down 32 bps from Q4 2022 (3.93%) on higher deposit costs.
- Loans grew $80.8M (4.7% QoQ); deposits up $57.9M (3.4%), but non-interest bearing deposits fell $39.1M.
- Non-performing loans ratio 1.25% vs 1.20% in Q4; net charge-offs $1.5M largely small equipment leases.
- CECL adoption reduced retained earnings by $2.2M after-tax; quarterly dividend $0.125/share payable May 22.

## SEC filing metadata
- accession: 0001750735-23-000038
- form_type: 8-K
- ticker: MRBK
- cik: 0001750735
- company_name: Meridian Corp
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750735/000175073523000038/0001750735-23-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750735/000175073523000038/mrbk-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001750735-23-000038
- JSON: https://secwatch.observer/filing/0001750735-23-000038.json
- Plain text: https://secwatch.observer/filing/0001750735-23-000038.txt

## Key facts
- Earnings Releases
  Meridian Corp reported first quarter ended March 31, 2023 results: revenue $37.6 million, net income $4.0 million, EPS $0.34.
  - Period: first quarter ended March 31, 2023
  - Revenue: $37.6 million
  - Net income: $4.0 million
  - EPS: $0.34
  - Result: reported results
  source text: $0.125 per common share, payable May 22, 2023 to shareholders of record as of May 15, 2023. Christopher J. Annas, Chairman and CEO commented “Meridian’s first quarter revenue of $37.6 million generated earnings of $4.0 million, or $0.34 per diluted share. The bank segment had strong performance with loan growth of 4.3% for the quarter while achieving net interest
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750735/000175073523000038/0001750735-23-000038-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.