secwatch.observer — SEC 8-K summary
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Issuer:     Meridian Corp (MRBK)
CIK:        0001750735
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001750735-23-000066
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750735/000175073523000066/0001750735-23-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750735/000175073523000066/mrbk-20230728.htm
  HTML page:      https://secwatch.observer/filing/0001750735-23-000066

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