secwatch.observer — SEC 8-K summary
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Issuer:     Meridian Corp (MRBK)
CIK:        0001750735
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0001750735-24-000028
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Meridian Corp Q1 net income $2.7M ($0.24 EPS) vs $0.6M in Q4; NIM 3.09%
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- Net income $2.676M ($0.24 diluted EPS) vs $571K ($0.05) in Q4 2023 and $4.021M ($0.34) in Q1 2023.
- Net interest margin contracted to 3.09% from prior quarter; loan yield 7.24%.
- Total loans grew 3.3% QoQ to $1.96B; commercial loans up 5%.
- Non-performing loans ratio increased to 1.93% vs 1.76% in Q4.
- Board declared quarterly dividend of $0.125/share payable May 20.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750735/000175073524000028/0001750735-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750735/000175073524000028/mrbk-20240426.htm
  HTML page:      https://secwatch.observer/filing/0001750735-24-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer