secwatch.observer — SEC 8-K summary
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Issuer:     Meridian Corp (MRBK)
CIK:        0001750735
Form:       8-K
Filed at:   2025-04-25T23:59:59+00:00
Accession:  0001750735-25-000030
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Meridian Q1 net income $2.4M ($0.21 EPS) down 10% YoY; quarterly dividend $0.125
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- Net income $2.4M, diluted EPS $0.21 vs $0.24 YoY; net interest income $19.8M, up from $16.6M YoY.
- Pre-provision net revenue $8.4M, up 30.2% YoY; net interest margin improved to 3.46% from 3.15% a year ago.
- Non-performing loans rose $7.1M to $52.2M (2.49% of loans) driven by distressed SBA loans; provision for credit losses was $5.2M.
- Deposits grew $123.4M (6%) QoQ; non-interest-bearing deposits up $82.6M (34%); total assets $2.53B.
- Board declared $0.125 per share quarterly cash dividend, payable May 19, 2025 to holders of record May 12, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750735/000175073525000030/0001750735-25-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750735/000175073525000030/mrbk-20250425.htm
  HTML page:      https://secwatch.observer/filing/0001750735-25-000030

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