See more : FBD Holdings plc (FBH.L) Income Statement Analysis – Financial Results
Complete financial analysis of Meridian Corporation (MRBK) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Meridian Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.
You may be interested
- Handelsinvest Virksomhedsobligationer (HAIVOB.CO) Income Statement Analysis – Financial Results
- Posiflex Technology, Inc. (8114.TW) Income Statement Analysis – Financial Results
- Boliden AB (publ) (BOLIF) Income Statement Analysis – Financial Results
- Shenzhen Wenke Landscape Co., Ltd. (002775.SZ) Income Statement Analysis – Financial Results
- NALNET COMMUNICATIONS INC. (5870.T) Income Statement Analysis – Financial Results
Meridian Corporation (MRBK)
About Meridian Corporation
Meridian Corporation operates as the holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, and Maryland. The company offers various deposit products, such as demand non-interest bearing, demand interest bearing, savings accounts, money market accounts, and time deposits. It also provides commercial and industrial loans comprising business lines of credit, term loans, small business lending, lease financing, and shared national credits; commercial real estate, and land development and construction loans for residential and commercial projects; and consumer and home equity lending, private banking, merchant, and title and land settlement services. In addition, the company operates and originates mortgage loans for 1-4 family dwellings; and offers real estate holding, investment advisory, and equipment leasing services. It operates through a network of 6 full-service branches, and 19 other offices. The company was founded in 2004 and is headquartered in Malvern, Pennsylvania.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 94.09M | 111.85M | 151.10M | 134.09M | 66.86M | 62.37M | 61.61M | 61.95M | 53.90M | 44.26M | 40.54M | 32.19M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 94.09M | 111.85M | 151.10M | 134.09M | 66.86M | 62.37M | 61.61M | 61.95M | 53.90M | 44.26M | 40.54M | 32.19M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 50.31M | 54.38M | 78.87M | 72.15M | 35.83M | 35.35M | 39.85M | 41.48M | 33.92M | 2.29M | 0.00 | 0.00 |
| Selling & Marketing | 3.73M | 4.34M | 3.71M | 2.85M | 2.48M | 2.36M | 2.25M | 1.73M | 1.48M | 1.87M | 0.00 | 0.00 |
| SG&A | 54.04M | 58.71M | 82.58M | 75.00M | 38.31M | 37.70M | 42.10M | 43.20M | 35.40M | 29.92M | 0.00 | 0.00 |
| Other Expenses | 12.64M | -21.44M | -187.38M | -174.55M | -91.65M | -80.88M | -91.14M | -92.44M | -75.28M | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 66.68M | 7.97M | -104.80M | -99.55M | -53.34M | -40.47M | -49.05M | -49.23M | -39.88M | 37.68M | 34.67M | 26.25M |
| Cost & Expenses | 66.68M | 7.97M | -104.80M | -99.55M | -53.34M | -40.47M | -49.05M | -49.23M | -39.88M | 37.68M | 34.67M | 26.25M |
| Interest Income | 136.59M | 88.72M | 71.52M | 62.66M | 52.86M | 44.06M | 35.72M | 30.98M | 27.98M | 0.00 | 0.00 | 0.00 |
| Interest Expense | 67.65M | 18.59M | 8.41M | 13.66M | 16.53M | 11.41M | 6.78M | 5.19M | 4.59M | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 2.48M | 1.41M | 6.37M | 2.89M | 1.69M | 1.42M | 963.00K | 1.79M | 815.00K | -6.58M | -5.87M | -5.94M |
| EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | 14.38M | 11.91M | 6.75M | 0.00 | 0.00 | 22.09M | 75.20M | -1.00 |
| EBITDA Ratio | 0.00% | 41.58% | 27.46% | 24.21% | 22.73% | 37.39% | 21.96% | 23.41% | 27.53% | 0.00% | 0.00% | 0.00% |
| Operating Income | 27.42M | 45.44M | 46.30M | 34.54M | 13.51M | 21.90M | 12.57M | 12.71M | 14.03M | 6.58M | 5.87M | 5.94M |
| Operating Income Ratio | 29.14% | 40.62% | 30.64% | 25.76% | 20.21% | 35.11% | 20.40% | 20.52% | 26.02% | 14.86% | 14.48% | 18.46% |
| Total Other Income/Expenses | -10.45M | 0.00 | -3.60M | -7.22M | 0.00 | 0.00 | -7.33M | 41.43M | 33.67M | -7.76M | -34.67M | 0.00 |
| Income Before Tax | 16.97M | 27.92M | 46.30M | 34.54M | 13.51M | 10.49M | 5.79M | 7.52M | 9.44M | 6.58M | 5.87M | 5.94M |
| Income Before Tax Ratio | 18.03% | 24.96% | 30.64% | 25.76% | 20.21% | 16.82% | 9.39% | 12.14% | 17.51% | 14.86% | 14.48% | 18.46% |
| Income Tax Expense | 3.72M | 6.09M | 10.72M | 8.10M | 3.03M | 2.33M | 2.75M | 2.60M | 3.25M | 2.27M | 2.00M | 1.90M |
| Net Income | 13.24M | 21.83M | 35.59M | 26.44M | 10.48M | 8.16M | 3.03M | 4.92M | 6.19M | 4.31M | 3.87M | 4.04M |
| Net Income Ratio | 14.07% | 19.52% | 23.55% | 19.72% | 15.68% | 13.09% | 4.92% | 7.95% | 11.48% | 9.73% | 9.54% | 12.55% |
| EPS | 1.19 | 1.85 | 2.90 | 2.15 | 0.82 | 0.64 | 0.25 | 0.80 | 1.08 | 0.00 | 0.78 | 0.94 |
| EPS Diluted | 1.16 | 1.79 | 2.87 | 2.14 | 0.81 | 0.64 | 0.25 | 0.80 | 1.08 | 0.00 | 0.78 | 0.94 |
| Weighted Avg Shares Out | 11.12M | 11.79M | 12.27M | 12.32M | 12.81M | 12.79M | 7.49M | 4.71M | 4.71M | 0.00 | 4.99M | 4.29M |
| Weighted Avg Shares Out (Dil) | 11.39M | 12.20M | 12.41M | 12.37M | 12.88M | 12.85M | 7.54M | 4.71M | 4.71M | 0.00 | 4.99M | 4.29M |
Should Value Investors Buy Meridian Bank (MRBK) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
Meridian Health Plan of Illinois and Liberty Bank and Trust Partner to Create Small Business Loan Program to Support and Empower Diverse and Small Businesses in Illinois
$500,000 grant from Meridian will support $2.5 million in lending power to fuel growth and community development CHICAGO , Nov. 21, 2024 /PRNewswire/ -- Meridian Health Plan of Illinois, Inc. (Meridian), a provider of government-sponsored managed care services to families, children,...
Meridian Drills Significant High-Grade VMS Gold Mineralization: 75.6m @ 4.6 g/t AuEq (3.0 g/t Au, 1.0% Cu, 30.2 g/t Ag & 2.5% Zn) at Santa Helena
Discovery of gold-rich VMS system creates potential game changing upside for Santa Helena LONDON, UK / ACCESSWIRE / November 20, 2024 / Meridian Mining UK. S ( TSX:MNO )(Frankfurt/Tradegate:2MM )(OTCQX: MRRDF ) ("Meridian" or the "Company") is pleased to announce...
Are Investors Undervaluing Meridian Bank (MRBK) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
Best Income Stocks to Buy for November 7th
MRBK, NBTB and JWN made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 7, 2024.
Meridian Assays Multiple Stacked Layers of High-Grade Cu-Au-Ag Including CD-544: 38.2m @ 3.2g/t AuEq From 78.9m
20+ intercepts of Cu-Au-Ag mineralization grading higher than 10 gram-meters AuEq LONDON, UK / ACCESSWIRE / October 29, 2024 / Meridian Mining UK S (TSX:MNO)(Frankfurt/Tradegate:2MM)(OTCQX:MRRDF) ("Meridian" or the "Company") is pleased to announce further strong results from its advanced Cabaçal...
Meridian Bank (MRBK) Surpasses Q3 Earnings and Revenue Estimates
Meridian Bank (MRBK) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.35 per share a year ago.
Meridian Corporation Reports Third Quarter 2024 Results and Announces a Quarterly Dividend of $0.125 per Common Share
MALVERN, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported: Three Months Ended (Dollars in thousands, except per share data) (Unaudited) September 30, 2024 June 30, 2024 September 30, 2023 Income: ...
Meridian Bank (MRBK) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release
Meridian Bank (MRBK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Richmond American Announces Community Grand Opening in Meridian
Timberline offers new energy-efficient homes with open layouts and designer details MERIDIAN, Idaho , Oct. 17, 2024 /PRNewswire/ -- Richmond American Homes of Idaho, Inc., a subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC), is excited to announce the Grand Opening...
Source: https://incomestatements.info
Category: Stock Reports