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Meridian (MRBK) Financials

Meridian logo
$16.22 -0.29 (-1.76%)
Closing price 11/13/2026 04:00 PM Eastern
Extended Trading
$16.20 -0.02 (-0.12%)
As of 11/13/2026 05:36 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Meridian

Annual Income Statements for Meridian

This table shows Meridian's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 1.87 8.16 10 26 36 22 13 16 22
Consolidated Net Income / (Loss)		 3.03 8.16 10 26 36 22 13 16 22
Net Income / (Loss) Continuing Operations		 3.03 8.16 10 26 36 22 13 16 22
Total Pre-Tax Income 		5.79 10 14 35 46 28 17 22 28
Total Revenue		 66 65 69 136 151 112 101 112 127
Net Interest Income / (Expense)		 29 33 36 49 63 70 69 71 88
Total Interest Income		 36 44 53 63 72 89 137 156 166
Loans and Leases Interest Income		 35 43 51 60 69 85 130 147 156
Investment Securities Interest Income		 1.05 1.37 1.74 2.30 2.70 4.09 6.51 8.87 10
Total Interest Expense		 6.78 11 17 14 8.41 19 68 85 79
Deposits Interest Expense		 4.63 9.23 14 9.97 5.49 15 58 74 68
Long-Term Debt Interest Expense		 2.16 2.18 2.62 3.69 2.92 3.20 9.83 11 10
Total Non-Interest Income		 37 32 33 87 88 42 32 41 39
Trust Fees by Commissions		 - - - - 4.93 4.73 4.93 5.74 6.32
Other Service Charges		 34 29 29 79 80 35 22 27 25
Net Realized & Unrealized Capital Gains on Investments		 -0.29 -0.37 -0.16 -2.76 -1.13 1.48 0.23 4.08 1.66
Other Non-Interest Income		 0.28 0.30 4.02 11 3.95 0.55 5.27 4.33 6.41
Provision for Credit Losses		 2.16 1.58 0.90 8.30 1.07 2.49 6.82 11 15
Total Non-Interest Expense		 58 53 55 93 104 81 77 79 83
Salaries and Employee Benefits		 39 35 35 72 79 54 47 47 51
Net Occupancy & Equipment Expense		 4.88 4.89 5.06 5.83 4.55 4.84 4.84 5.98 4.58
Marketing Expense		 2.25 2.36 2.48 2.85 3.71 4.34 3.73 3.29 3.88
Other Operating Expenses		 11 11 12 12 17 17 21 23 24
Income Tax Expense		 2.75 2.33 3.03 8.10 11 6.09 3.72 5.44 6.57
Basic Earnings per Share		 $0.50 $1.28 $1.64 $4.32 $2.96 $1.85 $1.19 $1.47 $1.93
Weighted Average Basic Shares Outstanding		 - 6.41M 6.09M 6.17M 12.04M 11.79M 11.12M 11.11M 11.33M
Diluted Earnings per Share		 $0.49 $1.27 $1.63 $4.27 $2.87 $1.79 $1.16 $1.45 $1.89
Weighted Average Diluted Shares Outstanding		 - 6.41M 6.09M 6.17M 12.41M 12.20M 11.39M 11.24M 11.54M
Weighted Average Basic & Diluted Shares Outstanding		 - 6.41M 6.09M 6.17M 6.13M 11.39M 11.19M 11.29M 11.88M
Cash Dividends to Common per Share		 - - - $0.25 $0.79 $0.90 $0.50 $0.50 $0.50

Quarterly Income Statements for Meridian

This table shows Meridian's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 2.68 3.33 4.74 5.60 2.40 5.59 6.66 7.19 2.01 5.81 5.21
Consolidated Net Income / (Loss)		 2.68 3.33 4.74 5.60 2.40 5.59 6.66 7.19 2.01 5.81 5.21
Net Income / (Loss) Continuing Operations		 2.68 3.33 4.74 5.60 2.40 5.59 6.66 7.19 2.01 5.81 5.21
Total Pre-Tax Income 		3.55 4.39 6.25 7.60 3.15 7.29 8.67 9.30 2.59 7.48 5.99
Total Revenue		 25 26 29 33 27 32 33 34 30 33 30
Net Interest Income / (Expense)		 17 17 18 19 20 21 23 24 23 23 23
Total Interest Income		 37 38 40 40 39 41 43 43 41 41 41
Loans and Leases Interest Income		 35 36 38 37 37 39 40 40 38 38 39
Investment Securities Interest Income		 1.88 1.98 2.22 2.80 2.62 2.51 2.63 2.56 2.57 2.46 2.56
Total Interest Expense		 21 22 22 21 19 20 20 19 18 18 18
Deposits Interest Expense		 17 19 19 18 17 17 17 17 15 16 16
Long-Term Debt Interest Expense		 3.21 2.63 2.76 2.39 2.52 2.75 2.58 2.62 2.29 2.24 1.93
Total Non-Interest Income		 7.98 9.24 11 13 7.32 11 9.95 11 7.04 9.88 6.71
Trust Fees by Commissions		 1.32 1.44 1.45 1.53 1.54 1.49 1.61 1.68 1.73 1.71 1.88
Other Service Charges		 5.60 6.71 7.78 5.76 4.43 6.83 6.57 6.28 5.50 7.12 5.57
Net Realized & Unrealized Capital Gains on Investments		 -0.12 0.09 0.84 3.64 0.39 0.74 0.10 0.38 -0.61 0.20 -0.72
Other Non-Interest Income		 1.19 1.00 0.77 2.35 0.97 2.23 1.68 2.28 0.42 0.86 -0.02
Provision for Credit Losses		 2.87 2.68 2.28 3.57 5.21 3.80 2.85 3.29 7.49 2.97 1.13
Total Non-Interest Expense		 18 19 21 21 19 21 22 22 20 22 23
Salaries and Employee Benefits		 11 11 13 12 11 13 14 13 12 13 14
Net Occupancy & Equipment Expense		 1.23 1.23 1.24 2.27 1.34 1.04 0.99 1.21 1.18 1.17 1.22
Marketing Expense		 0.75 0.99 0.72 0.84 0.78 1.28 0.88 0.94 0.69 1.32 0.93
Other Operating Expenses		 5.62 5.36 5.76 5.87 5.24 5.86 6.07 6.40 5.90 6.55 7.25
Income Tax Expense		 0.88 1.07 1.50 2.00 0.75 1.70 2.01 2.11 0.58 1.67 0.78
Basic Earnings per Share		 $0.24 $0.30 $0.43 $0.50 $0.21 $0.50 $0.59 $0.63 $0.17 $0.49 $0.44
Weighted Average Basic Shares Outstanding		 11.09M 11.10M 11.11M 11.11M 11.21M 11.23M 11.33M 11.33M 11.81M 11.86M 11.90M
Diluted Earnings per Share		 $0.24 $0.30 $0.42 $0.50 $0.21 $0.49 $0.58 $0.61 $0.17 $0.48 $0.43
Weighted Average Diluted Shares Outstanding		 11.20M 11.15M 11.23M 11.24M 11.45M 11.39M 11.54M 11.54M 12.15M 12.17M 12.22M
Weighted Average Basic & Diluted Shares Outstanding		 11.19M 11.19M 11.24M 11.29M 11.29M 11.30M 11.52M 11.88M 11.89M 11.93M 11.94M

Annual Cash Flow Statements for Meridian

This table details how cash moves in and out of Meridian's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 17 -12 15 -2.63 -13 15 18 -29 8.32
Net Cash From Operating Activities		 10 11 22 -158 165 85 19 9.60 24
Net Cash From Continuing Operating Activities		 10 11 22 -158 165 85 19 9.60 24
Net Income / (Loss) Continuing Operations		 3.03 8.16 10 26 36 22 13 16 22
Consolidated Net Income / (Loss)		 3.03 8.16 10 26 36 22 13 16 22
Provision For Loan Losses		 2.16 1.58 0.90 8.30 1.07 2.49 6.82 11 15
Depreciation Expense		 0.96 1.42 0.66 -2.89 -5.92 -1.41 0.43 0.82 -0.29
Amortization Expense		 - - 1.23 1.35 2.60 3.80 4.56 5.59 1.33
Non-Cash Adjustments to Reconcile Net Income		 4.49 0.67 5.72 -201 130 59 -8.75 -15 -8.21
Changes in Operating Assets and Liabilities, net		 -0.17 -0.80 2.58 8.95 1.72 -0.90 2.55 -9.42 -5.52
Net Cash From Investing Activities		 -110 -156 -143 -371 -141 -393 -164 -165 -164
Net Cash From Continuing Investing Activities		 -110 -156 -143 -371 -141 -393 -164 -165 -164
Purchase of Property, Leasehold Improvements and Equipment		 -2.41 -1.64 -0.75 -0.75 -5.37 -2.91 -1.82 -0.57 -1.73
Purchase of Investment Securities		 -115 -163 -181 -427 -169 -403 -187 -273 -323
Sale of Property, Leasehold Improvements and Equipment		 - - - - - - - 0.00 0.04
Sale and/or Maturity of Investments		 7.33 9.33 39 57 34 13 25 109 161
Net Cash From Financing Activities		 116 133 137 527 -38 323 164 126 148
Net Cash From Continuing Financing Activities		 116 133 137 527 -38 323 164 126 148
Net Change in Deposits		 100 125 99 390 205 266 111 182 153
Issuance of Debt		 - 13 49 162 0.00 81 63 -43 8.11
Issuance of Common Equity		 42 0.14 0.01 0.40 1.11 0.75 0.31 0.50 8.40
Repayment of Debt		 -12 -4.89 -11 -17 -231 -0.28 -0.34 -8.05 -15
Payment of Dividends		 -1.17 - 0.00 -1.53 -9.68 -11 -5.61 -5.60 -5.67
Other Financing Activities, Net		 - - - - - - - 0.00 -0.43
Cash Interest Paid		 6.76 11 16 14 9.53 16 60 88 79
Cash Income Taxes Paid		 2.75 2.74 2.64 5.30 14 5.37 3.10 3.08 11

Quarterly Cash Flow Statements for Meridian

This table details how cash moves in and out of Meridian's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
Net Change in Cash & Equivalents		 -34 1.03 8.29 -4.89 104 -81 -10 -4.21 -7.51 7.94 -7.63
Net Cash From Operating Activities		 -1.71 -19 31 -0.70 18 -12 24 -6.18 2.86 -0.93 13
Net Cash From Continuing Operating Activities		 -1.71 -19 31 -0.70 18 -12 24 -6.18 2.86 -0.93 13
Net Income / (Loss) Continuing Operations		 2.68 3.33 4.74 5.60 2.40 5.59 6.66 7.19 2.01 5.81 5.21
Consolidated Net Income / (Loss)		 2.68 3.33 4.74 5.60 2.40 5.59 6.66 7.19 2.01 5.81 5.21
Provision For Loan Losses		 2.87 2.68 2.28 3.57 5.21 3.80 2.85 3.29 7.49 2.97 1.13
Depreciation Expense		 1.78 0.03 -1.53 0.54 0.01 -0.03 -0.06 -0.21 0.03 0.20 0.01
Amortization Expense		 0.75 0.69 2.52 1.64 1.37 0.36 0.38 -0.84 0.20 0.21 0.79
Non-Cash Adjustments to Reconcile Net Income		 -5.74 -25 13 3.40 2.62 -19 14 -6.18 -6.04 -17 14
Changes in Operating Assets and Liabilities, net		 -4.04 -0.51 11 -15 6.50 -3.14 0.55 -9.43 -0.82 6.48 -8.75
Net Cash From Investing Activities		 -79 -35 -43 -8.69 -52 -49 -55 -8.08 -24 -1.32 1.69
Net Cash From Continuing Investing Activities		 -79 -35 -43 -8.69 -52 -49 -55 -8.08 -24 -1.32 1.69
Purchase of Property, Leasehold Improvements and Equipment		 -1.91 -0.05 1.74 -0.35 -0.26 -0.63 -0.45 -0.39 -0.23 -0.47 -0.16
Purchase of Investment Securities		 -81 -38 -67 -27 -67 -52 -63 -152 -36 -21 -6.93
Sale and/or Maturity of Investments		 4.11 3.44 23 19 16 4.15 7.85 144 12 20 8.78
Net Cash From Financing Activities		 47 55 20 4.51 137 -20 21 10 14 10 -22
Net Cash From Continuing Financing Activities		 47 55 20 4.51 137 -20 21 10 14 10 -22
Net Change in Deposits		 77 15 63 26 123 -18 21 27 12 24 -28
Issuance of Debt		 -29 41 -53 22 15 -0.63 14 -20 3.50 -3.00 7.98
Issuance of Common Equity		 0.02 0.05 0.34 0.10 0.41 0.11 3.06 4.83 0.62 0.18 0.15
Repayment of Debt		 0.00 - 11 -43 -0.01 - -15 - -0.21 -9.81 -0.79
Payment of Dividends		 -1.40 -1.40 -1.40 -1.41 -1.41 -1.41 -1.42 -1.44 -1.66 -1.67 -1.67
Cash Interest Paid		 23 22 23 21 19 20 20 20 17 19 19
Cash Income Taxes Paid		 - - 0.52 1.86 0.00 - 2.33 4.91 0.30 0.12 7.35

Annual Balance Sheets for Meridian

This table presents Meridian's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 856 997 1,150 1,720 1,713 2,062 2,246 2,386 2,562
Cash and Due from Banks		 25 23 19 34 3.97 11 10 5.60 10
Interest Bearing Deposits at Other Banks		 - - - - 20 27 47 22 25
Trading Account Securities		 53 63 69 131 247 197 207 240 260
Loans and Leases, Net of Allowance		 688 830 955 1,267 0.00 1,725 1,874 2,012 2,149
Loans and Leases		 695 838 965 1,285 - 1,744 1,896 2,030 2,171
Allowance for Loan and Lease Losses		 6.71 8.05 9.51 18 - 19 22 18 22
Premises and Equipment, Net		 9.74 9.64 8.64 7.78 12 13 14 12 12
Goodwill		 - - 0.90 0.90 0.90 0.90 0.90 0.90 0.90
Intangible Assets		 5.50 5.05 3.87 3.60 3.38 3.18 2.97 2.77 2.56
Other Assets		 29 28 40 44 1,427 84 92 90 102
Total Liabilities & Shareholders' Equity		 856 997 1,150 1,720 1,713 2,062 2,246 2,386 2,562
Total Liabilities		 755 888 1,029 1,579 1,548 1,909 2,088 2,214 2,362
Non-Interest Bearing Deposits		 100 126 139 204 275 302 239 241 245
Interest Bearing Deposits		 527 626 712 1,037 1,172 1,411 1,584 1,765 1,913
Accrued Interest Payable		 0.22 0.31 1.09 1.15 0.03 2.39 10 6.86 6.53
Long-Term Debt		 22 15 44 206 82 162 225 174 167
Other Long-Term Liabilities		 5.43 5.72 9.31 23 20 32 30 28 30
Total Equity & Noncontrolling Interests		 101 110 121 142 165 153 158 172 200
Total Preferred & Common Equity		 101 110 121 142 165 153 158 172 200
Total Common Equity		 101 110 121 142 165 153 158 172 200
Common Stock		 86 86 87 88 90 92 94 95 104
Retained Earnings		 16 24 34 59 85 96 101 112 128
Treasury Stock		 - 0.00 -0.00 -5.83 -8.86 -22 -26 -26 -26
Accumulated Other Comprehensive Income / (Loss)		 -0.30 -0.39 -0.00 2.56 0.71 -12 -9.42 -8.14 -5.28
Other Equity Adjustments		 - - 0.00 -1.77 -1.60 -1.40 -1.20 -1.01 -1.23

Quarterly Balance Sheets for Meridian

This table presents Meridian's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026 9/30/2026
Total Assets		 2,231 2,293 2,352 2,388 2,529 2,511 2,541 2,577 2,593 2,572
Cash and Due from Banks		 14 8.94 8.46 13 17 21 13 12 11 12
Interest Bearing Deposits at Other Banks		 46 14 16 20 114 30 27 16 25 17
Trading Account Securities		 182 215 249 252 246 265 255 267 288 280
Loans and Leases, Net of Allowance		 1,866 1,933 1,967 1,986 2,051 2,087 2,141 2,160 2,157 2,143
Loans and Leases		 1,886 1,956 1,989 2,008 2,072 2,108 2,163 2,182 2,178 2,164
Allowance for Loan and Lease Losses		 20 23 22 22 21 21 22 21 21 21
Premises and Equipment, Net		 13 13 13 13 12 12 12 12 12 12
Goodwill		 0.90 0.90 0.90 0.90 0.90 0.90 0.90 0.90 0.90 0.90
Intangible Assets		 3.02 2.92 2.87 2.82 2.72 2.67 2.61 2.51 2.46 2.41
Other Assets		 106 104 95 94 85 93 89 105 97 104
Total Liabilities & Shareholders' Equity		 2,231 2,293 2,352 2,388 2,529 2,511 2,541 2,577 2,593 2,572
Total Liabilities		 2,076 2,133 2,189 2,220 2,355 2,333 2,353 2,376 2,388 2,368
Non-Interest Bearing Deposits		 245 221 224 237 323 237 240 243 246 253
Interest Bearing Deposits		 1,564 1,680 1,691 1,742 1,805 1,873 1,892 1,927 1,948 1,913
Accrued Interest Payable		 7.81 8.35 7.71 7.02 7.40 7.06 7.10 6.62 5.59 4.67
Long-Term Debt		 228 196 237 195 189 189 187 171 158 165
Other Long-Term Liabilities		 31 28 29 40 30 27 28 29 31 31
Total Equity & Noncontrolling Interests		 155 160 162 167 174 178 188 200 205 204
Total Preferred & Common Equity		 155 160 162 167 174 178 188 200 205 204
Total Common Equity		 155 160 162 167 174 178 188 200 205 204
Common Stock		 93 94 94 94 95 95 99 105 105 105
Retained Earnings		 102 102 104 108 113 117 122 128 133 136
Treasury Stock		 -26 -26 -26 -26 -26 -26 -26 -26 -26 -26
Accumulated Other Comprehensive Income / (Loss)		 -12 -8.95 -8.59 -7.27 -7.61 -7.51 -5.91 -5.70 -5.56 -11
Other Equity Adjustments		 -1.40 -1.20 -1.20 -1.20 -1.01 -1.01 -1.01 -1.23 -1.23 -1.23

Annual Metrics And Ratios for Meridian

This table displays calculated financial ratios and metrics derived from Meridian's official financial filings.

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 6,406,795.00 6,405,600.00 6,132,403.00 6,079,335.00 5,800,526.00 11,177,751.00 - 11,517,456.00
DEI Adjusted Shares Outstanding		 0.00 12,813,590.00 12,811,200.00 12,264,806.00 12,158,670.00 11,601,052.00 11,177,751.00 - 11,517,456.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.64 0.82 2.16 2.93 1.88 1.18 - 1.90
Growth Metrics		 - - - - - - - - -
Revenue Growth		 0.00% -0.95% 6.49% 96.33% 11.17% -25.97% -9.79% 11.33% 12.93%
EBITDA Growth		 0.00% 76.50% 29.31% 114.24% 30.23% -29.46% -27.56% 28.41% 4.41%
EBIT Growth		 0.00% 81.30% 28.83% 155.56% 34.07% -39.70% -39.23% 28.40% 30.37%
NOPAT Growth		 0.00% 169.23% 28.40% 152.25% 34.60% -38.66% -39.33% 23.43% 33.59%
Net Income Growth		 0.00% 169.23% 28.40% 152.25% 34.60% -38.66% -39.33% 23.43% 33.59%
EPS Growth		 0.00% 159.18% 28.35% 161.96% -32.79% -38.66% -35.20% 25.00% 30.34%
Operating Cash Flow Growth		 0.00% 5.26% 95.55% -834.69% 204.20% -48.72% -77.73% -49.10% 153.18%
Free Cash Flow Firm Growth		 0.00% 0.00% -390.31% -261.76% 273.86% -119.20% -15.29% 199.18% -98.75%
Invested Capital Growth		 0.00% 7.19% 20.53% 57.63% -45.63% 27.71% 21.24% -9.67% 6.12%
Revenue Q/Q Growth		 0.00% 0.00% 4.64% 23.65% -7.11% -5.81% -1.42% 7.17% 1.33%
EBITDA Q/Q Growth		 0.00% 0.00% 7.29% 24.90% -3.49% -7.64% -16.75% 34.55% -4.92%
EBIT Q/Q Growth		 0.00% 0.00% 8.62% 29.05% -4.11% -13.00% -22.74% 46.04% 6.37%
NOPAT Q/Q Growth		 0.00% 0.00% 7.95% 28.48% -3.47% -12.65% -23.14% 44.44% 7.83%
Net Income Q/Q Growth		 0.00% 0.00% 7.95% 28.48% -3.47% -12.65% -23.14% 44.44% 7.83%
EPS Q/Q Growth		 0.00% 0.00% 7.95% 27.08% -52.95% -12.65% -25.64% 42.16% 5.59%
Operating Cash Flow Q/Q Growth		 0.00% 199.81% 273.94% -9.67% 27.40% -17.27% -41.09% -47.17% -18.39%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 43.60% -7.93% -142.57% 64.30% 65.67% -91.01%
Invested Capital Q/Q Growth		 0.00% 0.00% 11.57% -13.72% -17.56% 46.69% -0.10% -4.56% -2.19%
Profitability Metrics		 - - - - - - - - -
EBITDA Margin		 10.28% 18.32% 22.25% 24.28% 28.44% 27.10% 21.76% 25.10% 23.21%
EBIT Margin		 8.82% 16.14% 19.52% 25.41% 30.64% 24.96% 16.81% 19.39% 22.39%
Profit (Net Income) Margin		 4.62% 12.56% 15.14% 19.45% 23.55% 19.52% 13.12% 14.55% 17.21%
Tax Burden Percent		 52.40% 77.82% 77.56% 76.55% 76.85% 78.18% 78.05% 75.03% 76.88%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 47.60% 22.18% 22.44% 23.45% 23.15% 21.82% 21.95% 24.97% 23.12%
Return on Invested Capital (ROIC)		 1.36% 3.53% 3.97% 7.12% 10.14% 7.76% 3.79% 4.49% 6.13%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.36% 3.53% 3.97% 7.12% 10.14% 7.76% 3.79% 4.49% 6.13%
Return on Net Nonoperating Assets (RNNOA)		 1.63% 4.21% 5.13% 13.04% 13.04% 5.95% 4.72% 5.43% 5.64%
Return on Equity (ROE)		 2.99% 7.74% 9.10% 20.16% 23.18% 13.70% 8.51% 9.92% 11.76%
Cash Return on Invested Capital (CROIC)		 0.00% -3.41% -14.64% -37.63% 69.26% -16.58% -15.41% 14.65% 0.19%
Operating Return on Assets (OROA)		 0.68% 1.13% 1.26% 2.41% 2.70% 1.48% 0.79% 0.94% 1.15%
Return on Assets (ROA)		 0.35% 0.88% 0.98% 1.84% 2.07% 1.16% 0.61% 0.71% 0.88%
Return on Common Equity (ROCE)		 2.99% 7.74% 9.10% 20.16% 23.18% 13.70% 8.51% 9.92% 11.76%
Return on Equity Simple (ROE_SIMPLE)		 2.99% 7.45% 8.68% 18.67% 21.52% 14.24% 8.38% 9.53% 10.93%
Net Operating Profit after Tax (NOPAT)		 3.03 8.16 10 26 36 22 13 16 22
NOPAT Margin		 4.62% 12.56% 15.14% 19.45% 23.55% 19.52% 13.12% 14.55% 17.21%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 70.46% 64.66% 61.67% 59.47% 57.66% 56.82% 55.45% 50.33% 47.09%
Operating Expenses to Revenue		 87.89% 81.44% 79.18% 68.48% 68.65% 72.81% 76.43% 70.46% 65.67%
Earnings before Interest and Taxes (EBIT)		 5.79 10 14 35 46 28 17 22 28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 6.75 12 15 33 43 30 22 28 29
Valuation Ratios		 - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.81 0.86 0.74 1.18 1.06 0.93 0.89 1.00
Price to Tangible Book Value (P/TBV)		 0.00 0.85 0.90 0.76 1.21 1.09 0.95 0.91 1.02
Price to Revenue (P/Rev)		 0.00 1.36 1.51 0.77 1.29 1.45 1.46 1.36 1.57
Price to Earnings (P/E)		 0.00 10.87 9.95 3.95 5.46 7.42 11.11 9.36 9.14
Dividend Yield		 0.00% 0.00% 0.00% 1.47% 4.93% 3.58% 3.80% 3.67% 2.89%
Earnings Yield		 0.00% 9.20% 10.05% 25.31% 18.30% 13.48% 9.00% 10.69% 10.94%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.81 0.81 0.84 1.02 0.91 0.82 0.87 0.90
Enterprise Value to Revenue (EV/Rev)		 0.00 2.99 3.36 2.80 1.67 2.56 3.12 2.67 2.61
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 16.33 15.11 11.54 5.88 9.43 14.35 10.63 11.24
Enterprise Value to EBIT (EV/EBIT)		 0.00 18.55 17.22 11.03 5.46 10.24 18.57 13.76 11.66
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 23.83 22.20 14.40 7.10 13.10 23.79 18.34 15.16
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 17.64 10.79 0.00 1.53 3.38 16.71 31.23 13.62
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 1.04 0.00 0.00 5.62 497.78
Leverage & Solvency		 - - - - - - - - -
Debt to Equity		 1.20 1.18 1.39 2.21 0.50 1.06 1.42 1.02 0.84
Long-Term Debt to Equity		 0.22 0.14 0.37 1.46 0.50 1.06 1.42 1.02 0.84
Financial Leverage		 1.20 1.19 1.29 1.83 1.29 0.77 1.24 1.21 0.92
Leverage Ratio		 8.45 8.79 9.33 10.94 11.19 11.85 13.84 14.06 13.33
Compound Leverage Factor		 8.45 8.79 9.33 10.94 11.19 11.85 13.84 14.06 13.33
Debt to Total Capital		 54.60% 54.23% 58.16% 68.85% 33.11% 51.45% 58.71% 50.39% 45.57%
Short-Term Debt to Total Capital		 44.67% 47.76% 42.88% 23.50% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 9.93% 6.47% 15.28% 45.35% 33.11% 51.45% 58.71% 50.39% 45.57%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 45.40% 45.77% 41.84% 31.15% 66.89% 48.55% 41.29% 49.61% 54.43%
Debt to EBITDA		 18.07 10.89 10.89 9.49 1.90 5.36 10.23 6.18 5.68
Net Debt to EBITDA		 12.80 8.88 8.34 8.37 1.36 4.09 7.65 5.20 4.46
Long-Term Debt to EBITDA		 3.29 1.30 2.86 6.25 1.90 5.36 10.23 6.18 5.68
Debt to NOPAT		 40.21 15.90 16.01 11.84 2.30 7.44 16.97 10.66 7.66
Net Debt to NOPAT		 28.50 12.96 12.25 10.45 1.64 5.68 12.69 8.98 6.02
Long-Term Debt to NOPAT		 7.31 1.90 4.21 7.80 2.30 7.44 16.97 10.66 7.66
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -7.88 -39 -140 243 -47 -54 53 0.67
Operating Cash Flow to CapEx		 434.81% 672.97% 2,891.29% -21,213.52% 3,072.63% 2,912.66% 1,034.23% 1,689.61% 1,436.05%
Free Cash Flow to Firm to Interest Expense		 0.00 -0.69 -2.34 -10.23 28.90 -2.51 -0.80 0.63 0.01
Operating Cash Flow to Interest Expense		 1.55 0.97 1.31 -11.60 19.63 4.55 0.28 0.11 0.31
Operating Cash Flow Less CapEx to Interest Expense		 1.19 0.82 1.26 -11.66 18.99 4.40 0.25 0.11 0.29
Efficiency Ratios		 - - - - - - - - -
Asset Turnover		 0.08 0.07 0.06 0.09 0.09 0.06 0.05 0.05 0.05
Fixed Asset Turnover		 6.74 6.71 7.58 16.56 15.43 8.89 7.50 8.74 10.33
Capital & Investment Metrics		 - - - - - - - - -
Invested Capital		 223 239 288 455 247 316 383 346 367
Invested Capital Turnover		 0.29 0.28 0.26 0.37 0.43 0.40 0.29 0.31 0.36
Increase / (Decrease) in Invested Capital		 0.00 16 49 166 -207 68 67 -37 21
Enterprise Value (EV)		 0.00 195 233 381 253 286 315 300 331
Market Capitalization		 0.00 89 104 104 194 162 147 153 200
Book Value per Share		 $0.00 $17.10 $18.84 $23.09 $27.20 $26.43 $14.14 $15.26 $17.34
Tangible Book Value per Share		 $0.00 $16.31 $18.10 $22.36 $26.50 $25.72 $13.79 $14.93 $17.04
Total Capital		 223 239 288 455 247 316 383 346 367
Total Debt		 122 130 168 313 82 162 225 174 167
Total Long-Term Debt		 22 15 44 206 82 162 225 174 167
Net Debt		 86 106 128 276 58 124 168 147 131
Capital Expenditures (CapEx)		 2.41 1.64 0.75 0.75 5.37 2.91 1.82 0.57 1.69
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 122 130 168 313 82 162 225 174 167
Total Depreciation and Amortization (D&A)		 0.96 1.42 1.89 -1.54 -3.33 2.40 4.99 6.41 1.04
Earnings Adjustments		 - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.64 $0.82 $2.16 $2.96 $0.93 $1.19 $1.47 $1.93
Adjusted Weighted Average Basic Shares Outstanding		 0.00 12.81M 12.19M 12.34M 12.26M 23.58M 11.12M 11.11M 11.33M
Adjusted Diluted Earnings per Share		 $0.00 $0.64 $0.82 $2.14 $2.87 $0.90 $1.16 $1.45 $1.89
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 12.81M 12.19M 12.34M 12.26M 24.41M 11.39M 11.24M 11.54M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 12.81M 12.19M 12.34M 12.26M 22.78M 11.19M 11.29M 11.88M
Normalized Net Operating Profit after Tax (NOPAT)		 3.03 8.16 10 26 36 22 13 16 22
Normalized NOPAT Margin		 4.62% 12.56% 15.14% 19.45% 23.55% 19.52% 13.12% 14.55% 17.21%
Pre Tax Income Margin		 8.82% 16.14% 19.52% 25.41% 30.64% 24.96% 16.81% 19.39% 22.39%
Debt Service Ratios		 - - - - - - - - -
EBIT to Interest Expense		 0.85 0.92 0.82 2.53 5.50 1.50 0.25 0.26 0.36
NOPAT to Interest Expense		 0.45 0.72 0.63 1.94 4.23 1.17 0.20 0.19 0.28
EBIT Less CapEx to Interest Expense		 0.50 0.78 0.77 2.47 4.87 1.35 0.22 0.25 0.34
NOPAT Less CapEx to Interest Expense		 0.09 0.57 0.59 1.88 3.59 1.02 0.17 0.19 0.26
Payout Ratios		 - - - - - - - - -
Dividend Payout Ratio		 38.49% 0.00% 0.00% 5.77% 27.20% 50.07% 42.39% 34.27% 25.98%
Augmented Payout Ratio		 38.49% 0.00% 0.03% 34.90% 35.72% 109.45% 74.55% 34.27% 25.98%

Quarterly Metrics And Ratios for Meridian

This table displays calculated financial ratios and metrics derived from Meridian's official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
DEI Shares Outstanding		 11,185,515.00 11,185,515.00 11,190,875.00 - 11,285,278.00 11,285,278.00 11,301,228.00 11,517,456.00 11,875,178.00 11,890,278.00 11,929,048.00
DEI Adjusted Shares Outstanding		 11,185,515.00 11,185,515.00 11,190,875.00 - 11,285,278.00 11,285,278.00 11,301,228.00 11,517,456.00 11,875,178.00 11,890,278.00 11,929,048.00
DEI Earnings Per Adjusted Shares Outstanding		 0.24 0.30 0.42 - 0.21 0.50 0.59 0.62 0.17 0.49 0.44
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 1.14% -0.50% 14.87% 30.00% 10.19% 24.37% 13.74% 5.10% 11.58% 0.70% -8.85%
EBITDA Growth		 2.06% -14.11% -3.80% 285.83% -25.61% 49.19% 24.32% -15.57% -37.79% 2.79% -24.66%
EBIT Growth		 -30.70% -25.58% 19.87% 943.41% -11.48% 65.92% 38.88% 22.39% -17.71% 2.63% -30.99%
NOPAT Growth		 -33.45% -28.40% 18.43% 879.20% -10.35% 68.13% 40.40% 28.30% -16.38% 3.84% -21.81%
Net Income Growth		 -33.45% -28.40% 18.43% 879.20% -10.35% 68.13% 40.40% 28.30% -16.38% 3.84% -21.81%
EPS Growth		 -29.41% -26.83% 20.00% 900.00% -12.50% 63.33% 38.10% 22.00% -19.05% -2.04% -25.86%
Operating Cash Flow Growth		 85.04% -13,147.59% 38.53% -108.95% 1,161.96% 37.30% -21.82% -777.56% -84.20% 92.28% -48.50%
Free Cash Flow Firm Growth		 139.35% 94.35% 115.64% 164.11% -106.61% 627.78% -124.18% -132.81% -18.29% -73.83% 289.39%
Invested Capital Growth		 -16.77% 2.72% -5.45% -9.67% 2.06% -8.20% 3.55% 6.12% 2.15% -1.15% -1.74%
Revenue Q/Q Growth		 -1.86% 6.09% 11.43% 12.06% -16.82% 19.73% 1.92% 3.55% -11.69% 8.05% -7.75%
EBITDA Q/Q Growth		 140.15% -16.01% 41.57% 35.12% -53.70% 66.53% 17.97% -8.24% -65.88% 180.21% -14.11%
EBIT Q/Q Growth		 388.05% 23.61% 42.19% 21.63% -58.60% 131.70% 19.02% 7.19% -72.16% 188.99% -19.98%
NOPAT Q/Q Growth		 367.83% 24.29% 42.60% 18.09% -57.17% 133.10% 19.08% 7.91% -72.08% 189.48% -10.33%
Net Income Q/Q Growth		 367.83% 24.29% 42.60% 18.09% -57.17% 133.10% 19.08% 7.91% -72.08% 189.48% -10.33%
EPS Q/Q Growth		 380.00% 25.00% 40.00% 19.05% -58.00% 133.33% 18.37% 5.17% -72.13% 182.35% -10.42%
Operating Cash Flow Q/Q Growth		 -121.69% -1,025.97% 262.51% -102.26% 2,673.44% -166.48% 302.61% -125.32% 146.34% -132.48% 1,451.40%
Free Cash Flow Firm Q/Q Growth		 211.80% -109.78% 452.79% 66.24% -111.53% 880.50% -116.16% -125.60% 58.43% 272.66% 16.97%
Invested Capital Q/Q Growth		 -7.09% 12.35% -9.33% -4.56% 4.97% 1.06% 2.27% -2.19% 1.04% -2.21% 1.66%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 24.73% 19.58% 24.88% 30.00% 16.70% 23.49% 27.19% 24.10% 9.31% 24.14% 22.48%
EBIT Margin		 14.45% 16.83% 21.48% 23.32% 11.61% 22.46% 26.23% 27.15% 8.56% 22.89% 19.86%
Profit (Net Income) Margin		 10.88% 12.75% 16.31% 17.19% 8.85% 17.23% 20.14% 20.99% 6.63% 17.77% 17.28%
Tax Burden Percent		 75.32% 75.73% 75.95% 73.74% 76.28% 76.74% 76.78% 77.29% 77.51% 77.64% 87.00%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 24.68% 24.27% 24.05% 26.26% 23.72% 23.26% 23.22% 22.71% 22.49% 22.36% 13.00%
Return on Invested Capital (ROIC)		 2.81% 3.27% 4.59% 5.30% 2.83% 5.45% 6.84% 7.47% 2.35% 6.35% 5.91%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.81% 3.27% 4.59% 5.30% 2.83% 5.45% 6.84% 7.47% 2.35% 6.35% 5.91%
Return on Net Nonoperating Assets (RNNOA)		 4.22% 4.88% 6.01% 6.42% 3.27% 6.82% 7.35% 6.87% 2.26% 5.74% 5.32%
Return on Equity (ROE)		 7.04% 8.14% 10.60% 11.72% 6.10% 12.27% 14.18% 14.34% 4.61% 12.09% 11.23%
Cash Return on Invested Capital (CROIC)		 21.34% 0.00% 8.64% 14.65% 2.44% 13.34% 2.01% 0.19% 3.71% 7.10% 7.19%
Operating Return on Assets (OROA)		 0.65% 0.75% 0.97% 1.13% 0.55% 1.12% 1.33% 1.39% 0.44% 1.17% 0.99%
Return on Assets (ROA)		 0.49% 0.57% 0.74% 0.83% 0.42% 0.86% 1.02% 1.08% 0.34% 0.91% 0.86%
Return on Common Equity (ROCE)		 7.04% 8.14% 10.60% 11.72% 6.10% 12.27% 14.18% 14.34% 4.61% 12.09% 11.23%
Return on Equity Simple (ROE_SIMPLE)		 7.44% 6.51% 6.76% 0.00% 9.26% 10.30% 10.77% 0.00% 10.71% 10.57% 9.92%
Net Operating Profit after Tax (NOPAT)		 2.68 3.33 4.74 5.60 2.40 5.59 6.66 7.19 2.01 5.81 5.21
NOPAT Margin		 10.88% 12.75% 16.31% 17.19% 8.85% 17.23% 20.14% 20.99% 6.63% 17.77% 17.28%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 51.05% 52.34% 50.87% 47.69% 49.82% 47.75% 46.81% 44.56% 47.16% 48.00% 52.33%
Operating Expenses to Revenue		 73.90% 72.89% 70.67% 65.72% 69.16% 65.82% 65.15% 63.25% 66.66% 68.03% 76.39%
Earnings before Interest and Taxes (EBIT)		 3.55 4.39 6.25 7.60 3.15 7.29 8.67 9.30 2.59 7.48 5.99
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 6.08 5.11 7.23 9.77 4.53 7.62 8.99 8.25 2.82 7.89 6.78
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.67 0.70 0.82 0.89 0.90 0.82 0.95 1.00 1.12 1.16 1.09
Price to Tangible Book Value (P/TBV)		 0.68 0.71 0.83 0.91 0.92 0.83 0.97 1.02 1.14 1.18 1.11
Price to Revenue (P/Rev)		 1.05 1.12 1.30 1.36 1.36 1.20 1.43 1.57 1.72 1.83 1.75
Price to Earnings (P/E)		 8.94 10.71 12.08 9.36 9.71 7.93 8.81 9.14 10.42 11.00 11.02
Dividend Yield		 5.26% 4.94% 4.09% 3.67% 3.62% 3.88% 3.17% 2.89% 2.74% 2.65% 2.92%
Earnings Yield		 11.18% 9.34% 8.28% 10.69% 10.30% 12.60% 11.35% 10.94% 9.60% 9.09% 9.08%
Enterprise Value to Invested Capital (EV/IC)		 0.78 0.82 0.83 0.87 0.59 0.77 0.87 0.90 0.99 0.99 0.97
Enterprise Value to Revenue (EV/Rev)		 2.76 3.23 2.85 2.67 1.86 2.34 2.60 2.61 2.81 2.76 2.82
Enterprise Value to EBITDA (EV/EBITDA)		 12.64 15.37 14.27 10.63 8.04 9.73 10.51 11.24 13.19 12.87 13.95
Enterprise Value to EBIT (EV/EBIT)		 18.13 23.51 20.05 13.76 10.02 11.70 12.19 11.66 13.13 12.83 14.16
Enterprise Value to NOPAT (EV/NOPAT)		 23.45 30.86 26.43 18.34 13.33 15.49 16.08 15.16 17.06 16.61 17.77
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.77 34.42 16.47 31.23 7.28 7.76 10.93 13.62 40.44 17.84 43.13
Enterprise Value to Free Cash Flow (EV/FCFF)		 3.34 0.00 9.29 5.62 24.46 5.56 44.03 497.78 26.84 13.89 13.43
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.22 1.46 1.16 1.02 1.09 1.06 1.00 0.84 0.85 0.77 0.81
Long-Term Debt to Equity		 1.22 1.46 1.16 1.02 1.09 1.06 1.00 0.84 0.85 0.77 0.81
Financial Leverage		 1.50 1.49 1.31 1.21 1.15 1.25 1.07 0.92 0.96 0.91 0.90
Leverage Ratio		 14.45 14.41 14.32 14.06 14.46 14.28 13.87 13.33 13.66 13.33 13.05
Compound Leverage Factor		 14.45 14.41 14.32 14.06 14.46 14.28 13.87 13.33 13.66 13.33 13.05
Debt to Total Capital		 55.02% 59.36% 53.78% 50.39% 52.17% 51.46% 49.87% 45.57% 45.99% 43.51% 44.75%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 55.02% 59.36% 53.78% 50.39% 52.17% 51.46% 49.87% 45.57% 45.99% 43.51% 44.75%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 44.98% 40.64% 46.22% 49.61% 47.83% 48.54% 50.13% 54.43% 54.01% 56.49% 55.25%
Debt to EBITDA		 8.86 11.16 9.30 6.18 7.11 6.46 6.04 5.68 6.15 5.64 6.41
Net Debt to EBITDA		 7.82 10.03 7.75 5.20 2.18 4.75 4.75 4.46 5.13 4.35 5.30
Long-Term Debt to EBITDA		 8.86 11.16 9.30 6.18 7.11 6.46 6.04 5.68 6.15 5.64 6.41
Debt to NOPAT		 16.45 22.42 17.21 10.66 11.78 10.29 9.24 7.66 7.95 7.28 8.16
Net Debt to NOPAT		 14.51 20.14 14.36 8.98 3.62 7.56 7.26 6.02 6.63 5.61 6.75
Long-Term Debt to NOPAT		 16.45 22.42 17.21 10.66 11.78 10.29 9.24 7.66 7.95 7.28 8.16
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 74 -7.27 26 43 -4.91 38 -6.20 -14 -5.81 10 12
Operating Cash Flow to CapEx		 -89.32% -35,572.22% 0.00% -203.47% 6,994.98% -1,908.87% 5,447.32% -1,638.73% 1,261.23% -198.29% 8,108.39%
Free Cash Flow to Firm to Interest Expense		 3.61 -0.34 1.16 2.06 -0.25 1.91 -0.31 -0.73 -0.33 0.56 0.65
Operating Cash Flow to Interest Expense		 -0.08 -0.89 1.41 -0.03 0.93 -0.60 1.22 -0.32 0.16 -0.05 0.70
Operating Cash Flow Less CapEx to Interest Expense		 -0.18 -0.89 1.49 -0.05 0.92 -0.63 1.20 -0.34 0.15 -0.08 0.69
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
Fixed Asset Turnover		 7.57 7.67 8.03 8.74 9.01 9.53 9.93 10.33 10.69 10.52 10.32
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 356 400 362 346 363 367 375 367 371 363 369
Invested Capital Turnover		 0.26 0.26 0.28 0.31 0.32 0.32 0.34 0.36 0.35 0.36 0.34
Increase / (Decrease) in Invested Capital		 -72 11 -21 -37 7.31 -33 13 21 7.82 -4.23 -6.53
Enterprise Value (EV)		 279 326 299 300 214 284 326 331 366 360 359
Market Capitalization		 106 113 137 153 156 145 178 200 223 238 223
Book Value per Share		 $14.30 $14.52 $14.96 $15.26 $15.38 $15.77 $16.64 $17.34 $16.86 $17.23 $17.07
Tangible Book Value per Share		 $13.96 $14.18 $14.63 $14.93 $15.06 $15.46 $16.33 $17.04 $16.57 $16.94 $16.79
Total Capital		 356 400 362 346 363 367 375 367 371 363 369
Total Debt		 196 237 195 174 189 189 187 167 171 158 165
Total Long-Term Debt		 196 237 195 174 189 189 187 167 171 158 165
Net Debt		 173 213 162 147 58 139 147 131 142 122 136
Capital Expenditures (CapEx)		 1.91 0.05 -1.74 0.35 0.26 0.63 0.45 0.38 0.23 0.47 0.16
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 196 237 195 174 189 189 187 167 171 158 165
Total Depreciation and Amortization (D&A)		 2.53 0.72 0.99 2.18 1.38 0.34 0.32 -1.05 0.23 0.41 0.79
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.24 $0.30 $0.43 $0.50 $0.21 $0.50 $0.59 $0.63 $0.17 $0.49 $0.44
Adjusted Weighted Average Basic Shares Outstanding		 11.09M 11.10M 11.11M 11.11M 11.21M 11.23M 11.33M 11.33M 11.81M 11.86M 11.90M
Adjusted Diluted Earnings per Share		 $0.24 $0.30 $0.42 $0.50 $0.21 $0.49 $0.58 $0.61 $0.17 $0.48 $0.43
Adjusted Weighted Average Diluted Shares Outstanding		 11.20M 11.15M 11.23M 11.24M 11.45M 11.39M 11.54M 11.54M 12.15M 12.17M 12.22M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.50 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 11.19M 11.19M 11.24M 11.29M 11.29M 11.30M 11.52M 11.88M 11.89M 11.93M 11.94M
Normalized Net Operating Profit after Tax (NOPAT)		 2.68 3.33 4.74 5.60 2.40 5.59 6.66 7.19 2.01 5.81 5.21
Normalized NOPAT Margin		 10.88% 12.75% 16.31% 17.19% 8.85% 17.23% 20.14% 20.99% 6.63% 17.77% 17.28%
Pre Tax Income Margin		 14.45% 16.83% 21.48% 23.32% 11.61% 22.46% 26.23% 27.15% 8.56% 22.89% 19.86%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.17 0.20 0.28 0.37 0.16 0.36 0.43 0.48 0.15 0.42 0.33
NOPAT to Interest Expense		 0.13 0.15 0.21 0.27 0.12 0.28 0.33 0.37 0.11 0.32 0.29
EBIT Less CapEx to Interest Expense		 0.08 0.20 0.36 0.35 0.15 0.33 0.41 0.46 0.13 0.39 0.32
NOPAT Less CapEx to Interest Expense		 0.04 0.15 0.29 0.25 0.11 0.25 0.31 0.35 0.10 0.30 0.28
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 46.95% 52.87% 49.42% 34.27% 34.91% 30.67% 27.85% 25.98% 27.62% 28.52% 31.84%
Augmented Payout Ratio		 46.95% 52.87% 49.42% 34.27% 34.91% 30.67% 27.85% 25.98% 27.62% 28.52% 31.84%

Financials Breakdown Chart

Key Financial Trends

Meridian’s second-quarter 2026 results show improved profitability and balance-sheet growth, although cash generation and fee income remain uneven. Net income rose to $5.8 million, or $0.48 per diluted share, from $5.6 million, or $0.49 per diluted share, in Q2 2025. Compared with Q1 2026, net income increased sharply from $2.0 million, supported by a lower provision for credit losses and stronger non-interest income.

The company’s core banking franchise expanded over the period. Net loans increased to $2.16 billion in Q2 2026 from $2.09 billion a year earlier, while total deposits rose approximately 4% to $2.19 billion. Total assets reached $2.59 billion, up from $2.51 billion, and common equity increased to $204.8 million from $178.0 million. Long-term debt declined to $157.7 million from $188.8 million, improving the balance-sheet mix.

Net interest income increased 7.7% year over year to $22.8 million as total interest expense declined to $18.0 million from $20.1 million. However, total revenue increased only slightly because non-interest income fell to $9.9 million from $11.3 million. Cash flow trends remain volatile: operating cash flow was negative $0.9 million in Q2 2026, although this was a substantial improvement from negative $12.0 million in Q2 2025. The comparisons include certain restated 2024 and 2025 figures, so investors should review future filings for consistency.

  • Profitability improved sequentially: Q2 2026 net income of $5.8 million was nearly three times Q1 2026 net income of $2.0 million.
  • Net interest income strengthened: Q2 net interest income rose 7.7% year over year to $22.8 million, helped by lower interest expense.
  • Loan and deposit growth continued: Net loans grew about 3.3% year over year to $2.16 billion, while total deposits increased about 4.0% to $2.19 billion.
  • Capital position expanded: Common equity increased approximately 15% year over year to $204.8 million, and retained earnings rose to $132.6 million.
  • Credit-loss provisioning eased: The provision for credit losses declined to $3.0 million from $3.8 million in Q2 2025 and $7.5 million in Q1 2026. The allowance remained close to 1% of gross loans.
  • Debt declined: Long-term debt fell approximately 16% year over year to $157.7 million, reducing reliance on borrowed funding.
  • Operating cash flow remains inconsistent: Q2 2026 operating cash flow was negative $0.9 million, but this was better than the negative $12.0 million reported in Q2 2025 and positive $2.9 million in Q1 2026.
  • Liquidity composition shifted: Cash and due from banks declined quarter over quarter, but interest-bearing deposits at other banks increased, leaving combined cash and these deposits higher than in Q1 2026.
  • Non-interest income weakened: Non-interest income fell 12.4% year over year to $9.9 million, with other non-interest income declining to $0.9 million from $2.2 million.
  • Operating expenses increased: Non-interest expense rose to $22.2 million from $21.4 million, while salaries, marketing and other operating costs were generally higher than a year earlier.
11/15/26 10:47 AM ETAI Generated. May Contain Errors.

Meridian Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Meridian's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Meridian's net income appears to be on an upward trend, with a most recent value of $21.84 million in 2025, rising from $3.03 million in 2017. The previous period was $16.35 million in 2024. See Meridian's forecast for analyst expectations on what's next for the company.

Over the last 8 years, Meridian's total revenue changed from $65.64 million in 2017 to $126.86 million in 2025, a change of 93.3%.

In the past 12 quarters, Meridian's cash and equivalents has ranged from $8.46 million in Q2 2024 to $20.60 million in Q2 2025, and is currently $11.87 million as of their latest financial filing in Q3 2026.

Meridian had total debt of $167.19 million at the end of 2025, a 4.0% decrease from 2024, and a 37.1% increase since 2017.

Over the last 8 years, Meridian's book value per share changed from 0.00 in 2017 to 17.34 in 2025, a change of 1,734.0%.


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Financial statements for NASDAQ:MRBK last updated on 11/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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