---
schema_version: "secwatch.filing_event.v1"
accession: "0001750735-23-000066"
form_type: "8-K"
ticker: "MRBK"
cik: "0001750735"
company_name: "Meridian Corp"
filed_at: "2023-07-28T23:59:59+00:00"
generated_at: "2026-06-12T23:12:03.024575+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Meridian Corp Q2 net income $4.6M ($0.41 EPS); revenue $43M; margin 3.33%

## Summary
- Net income $4.6M, diluted EPS $0.41 vs $5.9M, $0.48 in Q2 2022 (down 22% YoY).
- Net interest margin 3.33%, down 28 bps from Q1 2023; loan yield 6.89%.
- Commercial loan growth $27.4M (7.2% annualized); total deposit growth $12.2M (2.8% annualized).
- Non-performing loans ratio rose to 1.44% from 1.25% in Q1 2023; net charge-offs 0.05% of avg loans.
- Board declared $0.125 quarterly dividend payable Aug 21; repurchased 127,849 shares at avg $12.21 in Q2.

## SEC filing metadata
- accession: 0001750735-23-000066
- form_type: 8-K
- ticker: MRBK
- cik: 0001750735
- company_name: Meridian Corp
- filed_at: 2023-07-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750735/000175073523000066/0001750735-23-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750735/000175073523000066/mrbk-20230728.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001750735-23-000066
- JSON: https://secwatch.observer/filing/0001750735-23-000066.json
- Plain text: https://secwatch.observer/filing/0001750735-23-000066.txt

## Key facts
- Earnings Releases
  Meridian Corp reported the second quarter ended June 30, 2023 results: revenue $43.0 million, net income $4.6 million, EPS $0.41 per diluted share.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $43.0 million
  - Net income: $4.6 million
  - EPS: $0.41 per diluted share
  - Result: reported results
  source text: per common share, payable August 21, 2023 to shareholders of record as of August 14, 2023. Christopher J. Annas, Chairman and CEO commented “Meridian’s second quarter revenue of $43.0 million generated earnings of $4.6 million, or $0.41 per diluted share. Annual loan growth in the core CRE, C&I and SBA portfolios are expected to again approach 15%. These groups also
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750735/000175073523000066/0001750735-23-000066-index.htm

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