MRBK News & Events

Meridian Corporation reported the board of directors declared a quarterly cash dividend of 14c per common share, payable February 17 to shareholders of record as of February 9. This is an increase of 1.5c or 12%, compared to the quarterly cash dividend of 12.5c per common share declared in the prior quarter. Christopher Annas, Chairman and CEO commented: "Meridian's fourth quarter earnings grew 7.9% over the prior quarter, to $7.2 million. Annual earnings grew 33.6% over 2024 to $21.8 million. Year-over-year growth of our core commercial, industrial, and real estate loan portfolios equaled 10.7%, driven mostly through new and existing loan relationships, and despite SBA loan sales and a $25 million residential mortgage sale to reallocate to commercial. The exceptional loan growth has been sustainable over the years due to targeted lending hires, training new candidates and devising new ways to capitalize on market disruption."

Net income for the quarter ended December 31, 2025 was $7.2M, or 61c per diluted share, up $527,000, or 8%, from prior quarter. Pre-provision net revenue for the quarter was $12.6M, an improvement of $1.4M, or 13% from Q4'2024. Net interest margin was 3.77% for the fourth quarter of 2025, while the loan yield declined to 7.15%, and cost of funds declined to 3.23% from the prior quarter. Total assets at December 31, 2025 were $2.6B, compared to $2.5B at September 30, 2025 and $2.4B at December 31, 2024.