Meridian Bank (Malvern, Pennsylvania) Stock News

Meridian Bank, founded in 2004, has grown significantly within the Delaware Valley, focusing on business, industrial, retail, and commercial lending. Headquartered in Malvern, PA, the bank employs a lean growth model, strategically placing branches to minimize overhead costs. Meridian emphasizes customer satisfaction and client relationships, driving growth through referrals and maintaining a c...

Due to changes in my interest rate outlook, I have reduced my mortgage banking income estimate but raised my net interest margin estimate. I'm now expecting an EPS of $1.67, down from my previous estimate of $1.69. I'm expecting earnings to grow by 15% this year, thanks to expected net interest margin expansion and loan growth.

MALVERN, Pa., Jan. 24, 2025 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported:   Three Months Ended   Year Ended (Dollars in thousands, except per share data)(Unaudited) December 31, 2024   September 30, 2024   December 31, 2024   December 31, 2023 Income:               Net income $ 5,601   $ 4,743   $ 16,346   $ 13,243 Diluted earnings per common share $ 0.49   $ 0.42   $ ...

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:           Net income $ 4,743   $ 3,326   $ 4,005 Diluted earnings per common share $ 0.42   $ 0.30   $ 0.35 Pre-tax, pre-provision income (1) $ 8,527   $ ...

The biggest earnings catalyst is interest rate cuts, which will provide a much-needed boost to MRBK's mortgage banking business. The net interest income will also grow because rate cuts and a conducive economic environment will drive loan growth. The December 2025 target price suggests a moderate upside from the October 15 closing price. Additionally, MRBK is offering a dividend yield of 3.9%.