earnings
confidence high
sentiment positive
materiality 0.70
Meridian Corp Q4 net income $5.6M ($0.49 diluted EPS), up 18% QoQ; declares $0.125 dividend
Meridian Corp
2024-FY EPS reported
$1.45
revenue$5,735,000
- Net income of $5.6M ($0.49 diluted EPS) for Q4 2024, up 18% from $4.7M ($0.42) in Q3 2024.
- Full-year net income $16.3M ($1.45 diluted EPS), up 23% from $13.2M ($1.16) in 2023.
- Q4 net interest margin improved to 3.29% (from 3.16% in Q3); loan yield 7.17%.
- Non-performing loans stable at $45.1M; net charge-offs rose to $7.1M (0.34% of avg loans) from $2.3M in Q3.
- Quarterly cash dividend of $0.125 per share declared, payable Feb 18, 2025 to holders of record Feb 10, 2025.