MERIDIAN CORP. overview

MALVERN, Pa., April 26, 2024 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported: Three Months Ended (Dollars in thousands, except per share data)((Unaudited) March 31, 2024 December 31, 2023 March 31, 2023 Income: Net income $ 2,676 $ 571 $ 4,021 Diluted earnings per common share $ 0.24 $ 0.05 $ 0.34 Pre-tax, pre-provision income (1) $ 6,419 $ 5,356 $ 6,526 Pre-tax, pre-provision income - Bank (1) $ 6,406 $ 5,757 $ 8,358 (1) See Non-GAAP reconciliation in the Appendix...

MALVERN, Pa., April 15, 2024 (GLOBE NEWSWIRE) -- Meridian Bank announced the appointment of Patrick Hart to the position of Senior Vice President, Commercial Lending. As part of the bank’s Chester County team, he’ll partner with commercial and industrial organizations throughout that community. Hart received his undergraduate degree in accounting from Drexel University, followed by an MBA in finance from Drexel. He has spent his entire 25-year banking career in the Greater Philadelphia...

MALVERN, Pa., Jan. 26, 2024 (GLOBE NEWSWIRE) -- 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, 2022 Income: Net income $ 571 $ 4,005 $ 13,243 $ 21,829 Diluted earnings per common share $ 0.05 $ 0.35 $ 1.16 $ 1.79 Pre-tax, pre-provision income (1) $ 5,356 $ 5,292 $ 23,782 $ 30,408 Pre-tax, pre-provision income - Bank (1) $ 5,757 $ 6,399 $...

MALVERN, Pa., Dec. 06, 2023 (GLOBE NEWSWIRE) -- 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 fiscal year 2023 (10/1/2022-9/30/2023). During that period, Meridian provided $128.8 million in 7(a) lending through 138 loans, continuing a steady increase over the past four years. This also ranks Meridian...

MALVERN, Pa., Oct. 27, 2023 (GLOBE NEWSWIRE) -- 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 2023 were 0.73% and 10.17%, respectively. Net interest margin was 3.29% for the third quarter of 2023, with a loan yield of 7.08%. Total assets at September 30, 2023 and June 30, 2023 were $2.2 billion,...

MALVERN, Pa., Oct. 12, 2023 (GLOBE NEWSWIRE) -- 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 career in the Philadelphia-area banking community, including positions with National Penn Bank, Stonebridge Bank and the Philadelphia Federal Reserve, where he started his career after graduating from...

MALVERN, Pa., July 28, 2023 (GLOBE NEWSWIRE) -- 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 were 0.86% and 12.08%, respectively. Net interest margin was 3.33% for the second quarter of 2023, with loan yield of 6.89%. Total assets at June 30, 2023 were $2.2 billion, compared to $2.2 billion at...

MALVERN, Pa., May 02, 2023 (GLOBE NEWSWIRE) -- 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 were 0.78% and 10.65%, respectively. Net interest margin was 3.61% for the first quarter of 2023. Total assets at March 31, 2023 were $2.2 billion, compared to $2.1 billion at December 31, 2022 and $1.8...