Meridian Corp Q2 net income $5.8M ($0.48 EPS), NPLs surge to $82.1M; declares $0.14 dividend

Meridian Corp

Net income $5.8M ($0.48 diluted EPS) vs $2.0M ($0.17) in Q1 2026; PPNR $10.4M, up 3.6% QoQ.
Non-performing loans jumped to $82.1M (3.68% of loans) from $58.7M; provision fell to $3.0M from $7.5M.
Net charge-offs decreased to $2.6M from $7.8M; allowance for credit losses 0.99% of loans.
Mortgage banking income rose 51.4% QoQ to $6.2M; SBA loan income up 310% to $615K.
Board declared $0.14/share dividend, payable Aug 17, 2026, record Aug 10.

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