Meridian Corp (OQ:MRBK)

Jan 26, 2024 03:00 pm ET
Meridian Corporation Reports Fourth Quarter 2023 Results and Announces a Quarterly Dividend of $0.125 per Common Share
Meridian Corporation (Nasdaq: MRBK) today reported:  Three Months Ended Year Ended(Dollars in thousands, except per share data)((Unaudited)December 31,2023 September 30,2023 December 31,2023 December 31,2022Income:        Net...
Dec 06, 2023 03:44 pm ET
Meridian Bank Ranked Top SBA Lender
Meridian Bank (Nasdaq: MRBK) has been ranked a top lender in the Small Business Administration’s Eastern Pennsylvania District. Meridian Bank placed first in dollar volume and third in the total number of SBA 7(a) loans in the most recent SBA...
Oct 27, 2023 11:13 am ET
Meridian Corporation Reports Third Quarter 2023 Results and Announces a Quarterly Dividend of $0.125 per Common Share
Meridian Corporation (Nasdaq: MRBK) today reported: Net income of $4.0 million and diluted earnings of $0.35 per share for the third quarter ended September 30, 2023.Return on average assets and return on average equity for the third quarter of...
Oct 12, 2023 02:55 pm ET
Meridian Bank Announces Retirement of Chief Credit Officer Joe Cafarchio
Meridian Bank (Nasdaq: MRBK) announced the retirement of Joseph Cafarchio, Chief Credit Officer, effective October 13, 2023. Mr. Cafarchio has served in the position since Meridian’s inception in 2004. Prior to joining Meridian, Joe had a long...
Jul 28, 2023 09:00 am ET
Meridian Corporation Reports Second Quarter 2023 Results and Announces a Quarterly Dividend of $0.125 per Common Share.
Meridian Corporation (Nasdaq: MRBK) today reported: Net income of $4.6 million and diluted earnings per share of $0.41 for the second quarter ended June 30, 2023.Return on average assets and return on average equity for the second quarter of 2023...
May 02, 2023 01:33 pm ET
Meridian Corporation Reports First Quarter 2023 Results and Announces a Quarterly Dividend of $0.125 per Common Share
Meridian Corporation (Nasdaq: MRBK) today reported: Net income of $4.0 million and diluted earnings per share of $0.34 for the first quarter ended March 31, 2023.Return on average assets and return on average equity for the first quarter of 2023...
Mar 20, 2023 09:18 am ET
Meridian Corporation Reminds Shareholders of the Two-for-One Stock Split Announced on February 28, 2023
Meridian Corporation (the "Company") (Nasdaq: MRBK) reiterates that each shareholder of record as of the close of business on March 14, 2023, will receive one additional share of Company common stock for each share then held. The shares will be...
Feb 28, 2023 03:51 pm ET
Meridian Corporation Declares Two-for-One Stock Split
Meridian Corporation (the "Company") (Nasdaq: MRBK) today announced that it has approved and declared a two-for-one stock split in the form of a 100% stock dividend on its outstanding shares of common stock. Each shareholder of record as of the...
Jan 30, 2023 04:47 pm ET
Meridian Corporation Reports Fourth Quarter and Year End 2022 Results and Announces an Increase in the Quarterly Dividend to $0.25 per Common Share
Meridian Corporation (Nasdaq: MRBK) today reported: Net income of $21.8 million and diluted earnings per share of $3.58 for the year ended December 31, 2022, and net income of $4.6 million and diluted earnings per share of $0.77 for the...
Oct 31, 2022 09:00 am ET
Meridian Corporation Reports Third Quarter 2022 Results
Meridian Corporation (Nasdaq: MRBK) today reported: Net income of $5.8 million and diluted earnings per share of $0.96 for the third quarter ended September 30, 2022 compared to net income of $5.9 million and diluted earnings per share of $0.96...
Oct 27, 2022 03:56 pm ET
Meridian Corporation Announces Appointment of Christine M. Helmig, CPA, to Board of Directors
Meridian Corporation (NASDAQ: MRBK) today announced that Christine M. Helmig, CPA, has been appointed to an open position on the Board of Directors of Meridian Corporation and its principal subsidiary, Meridian Bank, effective immediately. “Ms....
Aug 01, 2022 09:00 am ET
Meridian Corporation Reports Second Quarter 2022 Results
Meridian Corporation (Nasdaq: MRBK) today reported: Net income of $5.9 million and diluted earnings per share of $0.96 for the second quarter ended June 30, 2022 compared to net income of $5.5 million and diluted earnings per share of $0.88 for...
May 20, 2022 05:29 pm ET
Meridian Corporation Announces the Death of Board Member Ken Slack
Meridian Corporation announced today the death of longtime Board of Directors member and one of the original founding organizers, Kenneth H. Slack. “Ken Slack was part of the Meridian Bank board since 2004 and served on several Bank committees,...
May 02, 2022 02:11 pm ET
Meridian Corporation Reports 1Q 2022 Net Income of $5.5 million, or $0.88 Per Diluted Share and Quarterly Cash Dividend of $0.20 Per Share
Meridian Corporation (Nasdaq: MRBK) today reported:                 2022 2021 2021 2021 2021(Dollars in thousands, except per share data)1st QTR 4th QTR 3rd QTR 2nd QTR 1st QTRIncome:              Net...
Jan 31, 2022 03:41 pm ET
Meridian Corporation Reports 4Q 2021 Net Income of $7.7 Million, or $1.24 Per Diluted Share, Announces Quarterly Cash Dividend of $0.20 Per Share and a Special Dividend of $1.00 Per Share
Meridian Corporation (Nasdaq: MRBK) today reported:                 2021 2021 2021 2021 2020(Dollars in thousands, except per share data)4th QTR  3rd QTR  2nd QTR  1st QTR  4th QTRIncome:              Net...
Nov 19, 2021 10:51 am ET
Meridian Bank Named Best Mortgage Lender in Maryland
Meridian Bank has been named the “Top Winner” in The Maryland Daily Record’s 2021 Reader Rankings Awards in the Best Mortgage Lender category. With more than 3,600 company nominations and 20,000 votes, the Reader Ranking Awards annually recognize...
Nov 01, 2021 04:36 pm ET
Meridian Corporation Reports 3Q 2021 Net Income of $9.4 Million, or $1.52 Per Diluted Share and Increases Quarterly Cash Dividend to $0.20 Per Share
Meridian Corporation (Nasdaq: MRBK) today reported:  2021 2021 2021 2020 2020(Dollars in thousands, except per share data)3rd QTR  2nd QTR  1st QTR  4th QTR 3rd QTRIncome:              Net income$9,438 $8,258 $10,170 $8,997 $9,212Diluted earnings...
Oct 05, 2021 05:01 pm ET
Meridian Named Top Performing Bank
For the second year in a row Meridian Bank has earned a spot on Piper Sandler’s “Sm-All Stars,” its list of top performing U.S. small-cap banks. Piper Sandler, a leading middle-market investment bank and institutional securities firm, publishes...
Aug 30, 2021 05:24 pm ET
Meridian Corporation Announces Increase in Stock Repurchase Plan
Meridian Corporation (Nasdaq: MRBK) announced today that its Board of Directors authorized an increase in its $6 million repurchase plan adopted on April 22, 2021, to repurchase up to $20 million of its outstanding common stock over a two-year...
Jul 26, 2021 05:50 pm ET
Feb 16, 2021 03:49 pm ET
Meridian Corporation Announces Special Dividend of $1.00 Per Share
Meridian Corporation (Nasdaq: MRBK) announced today that its Board of Directors has declared a special dividend of $1.00 per share on its Common Stock. This special dividend will be paid on March 15, 2021 to shareholders of record as of March 1,...
Feb 01, 2021 04:39 pm ET
Meridian Corporation Reports Net Income of $9.0 Million, or $1.48 Per Diluted Share, in 4Q 2020 and Declares Quarterly Cash Dividend of $0.125 Per Share.
Meridian Corporation (Nasdaq: MRBK) today reported:  2020 2020 2020 2020 2019(Dollars in thousands, except per share data)4th QTR 3rd QTR 2nd QTR 1st QTR  4th QTRIncome:              Net income -...
Oct 26, 2020 05:00 pm ET
Meridian Corporation Reports Net Income of $9.2 Million, or $1.51 Per Diluted Share, in 3Q 2020 and Declares Quarterly Cash Dividend of $0.125 Per Share
Meridian Corporation (Nasdaq: MRBK) today reported:               2020 2020 2020 2019 (Dollars in thousands, except per share data)3rd QTR 2nd QTR 1st QTR  3rd QTR Income:            Net income - consolidated$ 9,212 $ 5,713 $ 2,516 $ 3,317 Diluted...
Jul 27, 2020 04:43 pm ET
Meridian Corporation Reports Net Income of $5.7 Million, or $0.94 Per Diluted Share, in 2Q 2020 and Announces First Ever Quarterly Cash Dividend of $0.125 per Share
Meridian Corporation (Nasdaq: MRBK) today reported:            2020 2020 2019 (Dollars in thousands, except per share data)2nd QTR 1st QTR  2nd QTR Income:         Net income - consolidated$ 5,713 $ 2,516 $ 2,022 Diluted earnings per common...
Apr 27, 2020 05:27 pm ET
Meridian Corporation Reports Net Income of $2.5 Million, or $0.39 Per Diluted Share, in 1Q 2020
Meridian Corporation (Nasdaq: MRBK) today reported:           2020 2019 2019(Dollars in thousands, except per share data)1st QTR  4th QTR 1st QTRIncome:        Net income - consolidated$2,516 $3,137 $2,006Diluted earnings per common...
Jan 30, 2020 11:30 am ET
GEOPOLITICAL EVENTS TO CAST A LONG SHADOW: The February 6th Groundhog Investment Forum Examines the 2020 Outlook for Stocks in a Hyper-Headlines Year
From the U.S. Presidential election and Fed rates forecasts to Brexit, from the virus outbreak in China to wildfires in Australia, 2020 has begun with a flurry of news and promises to be a year of fast and furious headlines. How do corporate leaders adjust and what are the impacts for domestic companies? The 27th annual Emerald Asset Management Groundhog Investment Forum, being held on February 6th in Philadelphia, brings together corporate leaders, Emerald’s team of portfolio managers and analysts and industry professionals to chart the critical investment themes and tre
Jan 27, 2020 09:00 am ET
Meridian Corporation’s Fourth Quarter 2019 Earnings Increase 33% Year-Over-Year to $3.1 Million, or $0.49 Per Diluted Share
Meridian Corporation (“Meridian”) (Nasdaq: MRBK) today reported net income increased 32.7% to $3.1 million, or $0.49 per diluted share for the fourth quarter of 2019, compared to $2.4 million, or $0.37 per diluted share, in the fourth quarter of...
Dec 18, 2019 05:24 pm ET
Meridian Corporation Announces Completion of $40 Million Subordinated Notes Offering
Meridian Corporation (Nasdaq: MRBK) (“Meridian”), holding company for Meridian Bank (the “Bank”), today announced the completion of its offering of $40 million in fixed-to-floating rate subordinated notes due 2029 (the “Notes”) to certain qualified...
Oct 24, 2019 06:03 pm ET
Meridian Corporation’s Third Quarter 2019 Earnings Increase 22% Year-Over-Year to $3.3 Million, or $0.52 Per Diluted Share
Meridian Corporation (Nasdaq: MRBK) today reported net income increased 21.6% to $3.3 million, or $0.52 per diluted share for the third quarter of 2019, compared to $2.7 million, or $0.42 per diluted share, in the third quarter of 2018, generating...
Jul 29, 2019 05:50 pm ET
Meridian Corporation Reports Net Income of $2.0 Million, or $0.31 Per Diluted Share, in 2Q 2019
MALVERN, Pa., July 29, 2019 /PRNewswire/ -- Meridian Corporation (Nasdaq: MRBK) today reported net income increased 12.2% to $2.0 million, or $0.31 per diluted share for the second quarter of 2019, compared to $1.8 million, or $0.28 per diluted share, in the second quarter of 2018, generating a return on average assets and return on average equity of 0.81% and 7.14%, respectively, for the current quarter.  Pretax income for the second quarter of 2019 was reduced by $665 thousand for a class action litigation settlement. This $665 thousand decrease in pretax income reduced second quarter 2
May 23, 2019 11:15 pm ET
Meridian Corporation Reports Net Income of $2.0 Million, or $0.31 Per Diluted Share, in 1Q 2019
MALVERN, Pa., May 23, 2019 /PRNewswire/ -- Meridian Corporation (Nasdaq: MRBK) today reported net income of $2.0 million, or $0.31 per diluted share for the first quarter of 2019, which generated a return on average assets and return on average equity of 0.83% and 7.32%, respectively.  Meridian also reported a prior period adjustment of $315 thousand, net of tax, or $0.05 per diluted share for expenses related to mortgage loan state licensing issues.
May 17, 2019 04:49 pm ET
Meridian Corporation Provides Details to 10-Q Extension Filing
MALVERN, Pa., May 17, 2019 /PRNewswire/ -- Meridian Corporation ("Meridian"), (NASDAQ: MRBK), the parent company for Meridian Bank (the "Bank"), today announced that it has filed a notice of late filing with respect to its Form 10-Q for the quarter ended March 31, 2019,  as it needs additional time to evaluate whether there is a need to make certain accounting adjustments related to licensing of mortgage lending in Maryland by the mortgage division of the Bank.  This licensing matter relates to approximately 400 loans over the past eight years.  Of the 400 loans, 300 appear to remain outs
Mar 07, 2019 10:33 am ET
Meridian Announces 5% Share Repurchase Plan
MALVERN, Pa., March 7, 2019 /PRNewswire/ -- Meridian Corporation ("Meridian") (Nasdaq: MRBK), the parent company for Meridian Bank, today announced that its board of directors has authorized a stock repurchase plan pursuant to which Meridian may repurchase up to 5% of its outstanding common shares. Meridian reported 6.4 million shares outstanding at December 31, 2018.
Jan 25, 2019 03:31 pm ET
Meridian Reports 4Q 2018 Operating Results and Record Annual Earnings
MALVERN, Pa., Jan. 25, 2019 /PRNewswire/ -- Meridian Corporation (Nasdaq: MRBK) today reported net income of $2.4 million, or $0.37 per diluted share for the fourth quarter of 2018, which generated a return on average assets and return on average equity of 0.99% and 8.64%, respectively.
Dec 10, 2018 11:31 am ET
Meridian Bank hires SBA Lending Team
MALVERN, Pa., Dec. 10, 2018 /PRNewswire/ -- (MRBK) Meridian Bank has hired a five-person SBA lending team led by Rocco Perate, a leader in the local SBA lending community.
Oct 29, 2018 02:47 pm ET
Meridian Reports 3Q 2018 Record Operating Results Driven by Strong Organic Growth in Net Interest Income, Loans and Deposits
MALVERN, Pa., Oct. 29, 2018 /PRNewswire/ -- Meridian Corporation (Nasdaq: MRBK) today reported net income of $2.7 million, or $0.42 per diluted share for the third quarter of 2018, which generated a return on average assets and return on average equity of 1.16% and 10.16%, respectively.
Oct 22, 2018 02:40 pm ET
Randy J. McGarry Joins Meridian Bank as CIO
MALVERN, Pa., Oct. 22, 2018 /PRNewswire/ -- (MRBK) Randy J. McGarry has joined Meridian Bank as its chief information officer.
May 01, 2018 05:11 am ET
Meridian Bank Reports First Quarter 2018 Results
MALVERN, Pa., May 1, 2018 /PRNewswire/ -- Meridian Bank (Nasdaq: MRBK) today reported net income of $1.3 million, or $0.20 per diluted share for the first quarter of 2018, which generated a return on average assets and return on average equity of 0.61% and 5.07%, respectively.
Jan 30, 2018 10:58 pm ET
Meridian Bank Reports Fourth Quarter and Full Year 2017 Results
MALVERN, Pa., Jan. 30, 2018 /PRNewswire/ -- Meridian Bank (Nasdaq: MRBK) ("Meridian") today reported a net loss of $11 thousand available to common shareholders for the quarter ending December 31, 2017, compared with net income of $370 thousand for the same quarter last year. For the year ending December 31, 2017, net income available to common shareholders was $1.9 million, or $.49 per share, compared with $3.8 million, or $1.12 per share, for the same period, last year. Fourth quarter and full year 2017 results were impacted by a $746 thousand charge to income tax expense, or $0.16 per dil
Nov 30, 2017 10:51 am ET

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