See more : Nippon Antenna Co.,Ltd. (6930.T) 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
- Fox River Resources Corporation (FXRVF) Income Statement Analysis – Financial Results
- Eastern Logica Infoway Limited (ELIL.BO) Income Statement Analysis – Financial Results
- Next Games Oyj (NXTGMS.HE) Income Statement Analysis – Financial Results
- Allkem Limited (ORL.TO) Income Statement Analysis – Financial Results
- Trakm8 Holdings PLC (TRAK.L) 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 |
Meridian Wealth Management LLC Sells 35 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)
Meridian Wealth Management LLC lessened its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) by 3.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 925 shares of the company’s...
Meridian Wealth Management LLC Takes Position in Comerica Incorporated (NYSE:CMA)
Meridian Wealth Management LLC acquired a new position in shares of Comerica Incorporated (NYSE:CMA – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,585 shares of the...
Meridian Wealth Management LLC Invests $256,000 in Diageo plc (NYSE:DEO)
Meridian Wealth Management LLC bought a new stake in shares of Diageo plc (NYSE:DEO – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,760 shares...
Meridian Wealth Management LLC Reduces Position in Equifax Inc. (NYSE:EFX)
Meridian Wealth Management LLC decreased its holdings in Equifax Inc. (NYSE:EFX – Free Report) by 49.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,116 shares...
First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD) Position Lessened by Meridian Wealth Management LLC
Meridian Wealth Management LLC reduced its stake in shares of First Trust TCW Opportunistic Fixed Income ETF (NASDAQ:FIXD – Free Report) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities...
Meridian Wealth Management LLC Makes New $200,000 Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)
Meridian Wealth Management LLC acquired a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange...
Meridian Wealth Management LLC Reduces Stock Holdings in MicroVision, Inc. (NASDAQ:MVIS)
Meridian Wealth Management LLC decreased its position in MicroVision, Inc. (NASDAQ:MVIS – Free Report) by 50.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,605 shares...
Meridian Wealth Management LLC Makes New Investment in InterContinental Hotels Group PLC (NYSE:IHG)
Meridian Wealth Management LLC bought a new position in InterContinental Hotels Group PLC (NYSE:IHG – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund...
2,690 Shares in PulteGroup, Inc. (NYSE:PHM) Acquired by Meridian Wealth Management LLC
Meridian Wealth Management LLC bought a new stake in shares of PulteGroup, Inc. (NYSE:PHM – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,690 shares of the...
Meridian Wealth Management LLC Raises Position in Wrap Technologies, Inc. (NASDAQ:WRAP)
Meridian Wealth Management LLC raised its position in shares of Wrap Technologies, Inc. (NASDAQ:WRAP – Free Report) by 61.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission....
Source: https://incomestatements.info
Category: Stock Reports