← Meridian Corp
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | $8.2m |
$10.5m
+28.40%
|
$26.4m
+152.25%
|
$35.6m
+34.60%
|
$21.8m
-38.66%
|
$13.2m
-39.33%
|
$16.3m
+23.43%
|
$21.8m
+33.59%
|
$21.7m
-0.82%
|
|
| Net amortization of investment premiums and discounts and change in fair value of equity securities | — | $1.0m | $425k | $1.4m | $1.2m | $2.4m | $4.0m | $1.7m | — | |
| Depreciation and amortization (accretion), net | — | $663k | ($2.9m) | ($5.9m) | ($1.4m) | $432k | $818k | ($292k) | ($1.1m) | |
| Amortization of issuance costs on subordinated debt | — | — | $112k | $118k | $117k | $87k | $122k | $123k | — | |
| Amortization and net impairment of servicing rights | — | $204k | $816k | $1.1m | $2.5m | $2.0m | $1.5m | ($529k) | — | |
| Increase in deferred income tax | ($385k) | ($503k) | $1.3m | ($768k) | $1.1m | ($234k) | ($799k) | ($373k) | — | |
| Increase in accrued interest receivable | ($353k) | ($259k) | ($2.3m) | $473k | ($2.4m) | ($2.0m) | ($633k) | ($766k) | — | |
| Decrease in accrued interest payable | $89k | $783k | $66k | ($1.1m) | $2.4m | $7.9m | ($3.5m) | ($329k) | — | |
| Increase in other assets | ($402k) | $276k | $3.3m | ($3.7m) | ($823k) | ($2.0m) | ($4.6m) | ($6.9m) | — | |
| Increase (decrease) in other liabilities | ($286k) | $2.4m | $11.0m | ($1.6m) | ($1.6m) | ($1.3m) | ($760k) | $3.1m | — | |
| Net cash provided by operating activities | $11.0m |
$21.6m
+95.55%
|
($158.1m)
-833.19%
|
$165.1m
+204.41%
|
$84.7m
-48.72%
|
$18.9m
-77.73%
|
$9.6m
-49.10%
|
$24.3m
+153.18%
|
$20.2m
-17.03%
|
|
| Purchases of premises and equipment | ($1.6m) | ($746k) | ($747k) | ($5.4m) | ($2.9m) | ($1.8m) | ($568k) | ($1.7m) | — | |
| Disposal of premise and equipment | — | — | — | — | — | — | $0 | $40k | — | |
| Net purchases of restricted investments in bank stocks | ($188k) | ($1.1m) | $211k | $2.7m | ($1.8m) | ($1.1m) | $319k | ($58k) | — | |
| Net cash used in investing activities | ($155.6m) | ($143.1m) | ($371.0m) | ($140.5m) | ($393.1m) | ($164.2m) | ($165.0m) | ($163.9m) | ($89.1m) | |
| Increase (decrease) in short-term borrowings | — | $9.4m | ($922k) | ($20.6m) | $71.8m | $28.1m | ($42.6m) | $8.1m | — | |
| Decrease in long-term debt | — | — | $162.4m | ($165.5m) | $0 | — | ($7.8m) | ($15.2m) | — | |
| Repayment of subordinated debt | ($4.1m) | ($7.4m) | ($172k) | ($281k) | ($279k) | ($328k) | ($215k) | ($13k) | — | |
| Proceeds from issuance of common stock | — | — | — | — | — | — | $0 | $7.5m | $7.5m | |
| Dividends paid | — | — | ($1.5m) | ($9.7m) | ($10.9m) | ($5.6m) | ($5.6m) | ($5.7m) | ($6.2m) | |
| Net cash provided by financing activities | $133.0m |
$136.9m
+2.94%
|
$526.5m
+284.54%
|
($37.9m)
-107.19%
|
$323.4m
+953.90%
|
$163.6m
-49.40%
|
$126.2m
-22.90%
|
$147.9m
+17.24%
|
$55.0m
-62.82%
|
|
| Cash and cash equivalents at beginning of period | $35.5m | $24.0m | $39.4m | $36.7m | $23.5m | $38.4m | $56.7m | $35.8m | — | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| (Gain) loss on sale of investment securities available-for-sale | — | ($165k) | ($1.3m) | ($435k) | $0 | $58k | $57k | ($501k) | — | |
| Provision for credit losses | — | — | — | — | $2.5m | $6.8m | $11.4m | $15.2m | — | |
| Stock based compensation | — | $272k | $763k | $1.6m | $1.5m | $1.2m | $976k | $1.2m | $1.1m | |
| Net change in fair value of derivative instruments | $161k | ($111k) | ($5.0m) | $4.3m | $703k | ($91k) | ($30k) | ($373k) | — | |
| Net change in fair value of loans held for sale | ($7k) | $13k | ($3.8m) | $3.3m | $844k | ($32k) | $25k | ($310k) | — | |
| Net change in fair value of loans held for investment | — | — | ($323k) | $189k | $2.4m | ($132k) | ($214k) | ($659k) | — | |
| Net gain on sale of MSRs | — | — | — | — | — | $0 | ($4.0m) | ($403k) | — | |
| Gain on sale of OREO | ($57k) | — | ($6k) | — | — | $0 | ($317k) | ($15k) | — | |
| SBA loan income | — | ($1.4m) | ($2.7m) | ($6.9m) | ($4.5m) | ($4.5m) | ($3.5m) | ($5.5m) | — | |
| Proceeds from sale of loans | $660.3m | $607.1m | $2.2b | $2.5b | $1.1b | $657.6m | $807.8m | $800.6m | — | |
| Loans originated for sale | ($633.2m) | ($573.4m) | ($2.4b) | ($2.3b) | ($1.0b) | ($645.4m) | ($794.4m) | ($780.8m) | — | |
| Mortgage banking income | ($26.2m) | ($26.2m) | ($77.1m) | ($75.9m) | ($25.3m) | ($16.5m) | ($21.0m) | ($20.8m) | — | |
| Lease early termination | — | — | — | — | — | $0 | $1.1m | $0 | — | |
| Earnings from investment in bank owned life insurance | ($300k) | ($290k) | ($279k) | ($365k) | ($553k) | ($789k) | ($868k) | ($956k) | — | |
| Maturities, repayments and calls | $6.1m | $14.0m | $2.1m | $10.4m | $905k | $1.4m | $1.7m | $3.0m | — | |
| Sales | $0 | $24.6m |
$45.9m
+86.49%
|
$23.6m
-48.65%
|
$0
-100.00%
|
$13.5m |
$16.0m
+18.43%
|
$14.4m
-10.24%
|
— | |
| Purchases | ($17.1m) | ($44.7m) | ($114.5m) | ($74.3m) | ($5.5m) | $0 | ($66.8m) | ($2.0m) | ($1.5m) | |
| Proceeds from sale of OREO | $494k | — | $126k | — | — | $0 | $1.9m | $15k | — | |
| Proceeds from sale of MSRs | — | — | — | — | — | $0 | $9.9m | $1.4m | — | |
| Proceeds from sale of loans held for investment | — | — | — | — | — | — | $59.4m | $122.7m | — | |
| Net increase in loans | ($146.1m) | ($135.2m) | ($312.4m) | ($87.6m) | ($359.5m) | ($152.6m) | ($147.3m) | ($270.7m) | — | |
| Net purchase of bank owned life insurance | — | — | — | ($10.0m) | ($5.0m) | $0 | $0 | ($19k) | — | |
| Net increase in deposits | $125.0m | $99.0m | $390.2m | $205.1m | $266.1m | $111.0m | $181.9m | $152.8m | — | |
| Stock based awards and exercises | $140k | $6k | $395k | $1.1m | $754k | $309k | $499k | $885k | — | |
| Shares purchased for ESOP plan | — | — | ($2.0m) | — | — | — | $0 | ($425k) | — | |
| Net change in cash and cash equivalents | ($11.6m) | $15.4m | ($2.6m) | ($13.3m) | $14.9m | $18.3m | ($29.2m) | $8.3m | — | |
| Interest | $11.3m | $15.7m | $13.6m | $9.5m | $16.2m | $59.7m | $88.5m | $79.0m | $76.2m | |
| Federal | — | — | — | — | — | — | $2.5m | $10.2m | — | |
| State | — | — | — | — | — | — | $583k | $989k | — | |
| Total Income taxes | $2.7m | $2.6m | $5.3m | $14.1m | $5.4m | $3.1m | $3.1m | $11.2m | — | |
| Carrying value of residential portfolio loans sold | — | — | — | — | — | — | $0 | $24.5m | — | |
| Net loans sold, not settled | — | ($9.3m) | — | — | — | $0 | $9.7m | $1.8m | — | |
| Non-cash transfers from loans receivable to OREO | — | $120k | — | $0 | $1.7m | $0 | $0 | $3.6m | — | |
| Non-cash transfers from loans receivable to repossessed assets | — | — | — | — | — | — | $0 | $2.4m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.