secwatch.observer — SEC 8-K summary
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Issuer:     Meridian Corp (MRBK)
CIK:        0001750735
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001750735-24-000065
Event type: earnings
Sentiment:  positive
Materiality: 0.72
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Meridian Q3 net income $4.7M, EPS $0.42; NIM 3.20%, NPAs rise
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- Net income $4.7M ($0.42 diluted EPS) up 42.6% QoQ and 18.4% YoY; pre-tax pre-provision income $8.5M.
- Net interest margin improved 14 bps to 3.20%; loan yield 7.41%; total assets $2.4B.
- Non-performing loans rose to $45.1M (2.20% of loans) from $37.6M at June 30, 2024.
- Quarterly cash dividend of $0.125/share declared, payable Nov 19 to holders of record Nov 12.
- Commercial loans grew 11% YoY; total deposits up 9.4% YoY with NIB deposits up 6% QoQ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750735/000175073524000065/0001750735-24-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750735/000175073524000065/mrbk-20241024.htm
  HTML page:      https://secwatch.observer/filing/0001750735-24-000065

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