secwatch.observer — SEC 8-K summary
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Issuer:     Meridian Corp (MRBK)
CIK:        0001750735
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0001750735-23-000081
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Meridian Corp Q3 EPS $0.35 vs $0.41 Q2; NIM 3.29%, NPL ratio 1.53%
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- Net income $4.0M, diluted EPS $0.35 vs Q2 $4.6M and $0.41; ROAA 0.73%, ROAE 10.17%
- Net interest margin 3.29%, down 4 bps QoQ; loan yield 7.08%
- Total loans +$25.3M (1.4%) and deposits +$26.0M (1.5%) sequentially
- Non-performing loans to total loans 1.53% vs 1.44% prior; net charge-offs 0.05%
- Quarterly dividend $0.125/share, payable Nov 20; raised $9.7M sub-debt at 8%

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750735/000175073523000081/0001750735-23-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750735/000175073523000081/mrbk-20231027.htm
  HTML page:      https://secwatch.observer/filing/0001750735-23-000081

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