earnings
confidence high
sentiment neutral
materiality 0.65
Meridian Q1 net income $4.7M ($0.39 EPS), NIM 3.82%; declares $0.14 dividend
Meridian Corp
2026-Q1 EPS reported
$0.17
revenue$1,729,000
- Net income $4.7M, diluted EPS $0.39; down 34% QoQ from $7.2M ($0.61) but up 96% YoY from $2.4M ($0.21).
- Net interest margin improved to 3.82% from 3.46% YoY; cost of funds declined to 3.04%.
- Pre-provision net revenue $10.1M, up 21% YoY; CEO says underlying operating performance is durable.
- Provision for credit losses $4.0M; net charge-offs $3.9M; NPLs $55.7M (2.50% of loans), 54% SBA-guaranteed.
- Quarterly dividend of $0.14 per share declared, payable May 11 to shareholders of record May 4.