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.
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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 |
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