Meridian Bank (Malvern, Pennsylvania) Stock News

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%.

MALVERN, Pa., July 26, 2024 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported:   Three Months Ended (Dollars in thousands, except per share data)((Unaudited) June 30, 2024   March 31, 2024   June 30, 2023 Income:           Net income $ 3,326   $ 2,676   $ 4,645 Diluted earnings per common share $ 0.30   $ 0.24   $ 0.41 Pre-tax, pre-provision income (1) $ 7,072   $ 6,419   $...

Meridian Corporation: Patience Is Required