← Meridian Corp
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total interest income | $44.1m |
$52.9m
+19.97%
|
$62.7m
+18.53%
|
$71.5m
+14.15%
|
$88.7m
+24.05%
|
$136.6m
+53.95%
|
$156.0m
+14.23%
|
$166.3m
+6.59%
|
— | |
| Total non-interest income | $32.4m | $33.1m | $86.9m | $88.0m | $41.7m | $32.0m | $41.3m | $39.2m | — | |
| Net interest income | $32.7m |
$36.3m
+11.27%
|
$49.0m
+34.84%
|
$63.1m
+28.81%
|
$70.1m
+11.12%
|
$68.9m
-1.69%
|
$71.0m
+2.98%
|
$87.7m
+23.50%
|
$92.7m
+5.77%
|
|
| Salaries and employee benefits | $34.8m | $35.2m | $72.1m | $78.9m | $54.4m | $47.4m | $47.3m | $51.3m | — | |
| Total non-interest expense | $52.9m | $55.0m | $93.1m | $103.7m | $81.4m | $77.1m | $79.1m | $83.3m | — | |
| Total interest expense | $11.4m | $16.5m | $13.7m | $8.4m | $18.6m | $67.6m | $85.0m | $78.6m | — | |
| Net interest income after provision for credit losses | $31.1m |
$35.4m
+14.01%
|
$40.7m
+14.84%
|
$62.0m
+52.46%
|
$67.6m
+9.02%
|
$62.1m
-8.15%
|
$59.6m
-4.07%
|
$72.5m
+21.70%
|
$92.7m
+27.87%
|
|
| Net gain on sale of MSRs | — | — | — | — | — | $0 | $4.0m | $403k | — | |
| Net (loss) gain on sale of loans | — | — | — | — | — | — | $15k | ($434k) | — | |
| Net gain (loss) on sale of investments AFS | — | $165k | $1.3m | $435k | $0 | ($58k) | ($57k) | $501k | — | |
| Income before income taxes | $10.5m | $13.5m | $34.5m | $46.3m | $27.9m | $17.0m | $21.8m | $28.4m | $28.0m | |
| Income tax expense | $2.3m | $3.0m | $8.1m | $10.7m | $6.1m | $3.7m | $5.4m | $6.6m | $6.4m | |
| 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%
|
|
| Basic earnings per common share (in USD per share) | $1.28 | $1.64 | $4.32 | $5.91 | $1.85 | $1.19 | $1.47 | $1.93 | — | |
| Diluted earnings per common share (in USD per share) | $1.27 | $1.63 | $4.27 | $5.73 | $1.79 | $1.16 | $1.45 | $1.89 | — | |
| Pennsylvania bank shares tax | — | $658k | $1.0m | $609k | $793k | $968k | $972k | $1.0m | — | |
| Basic weighted average shares outstanding (in shares) | — | — | — | 12.0m | 11.8m | 11.1m | 11.1m | 11.3m | — | |
| Diluted weighted average shares outstanding (in shares) | — | — | — | 12.4m | 12.2m | 11.4m | 11.2m | 11.5m | — | |
| Loans and other finance receivables, including fees | $42.7m | $51.1m | $60.4m | $68.8m | $84.6m | $130.1m | $147.2m | $156.0m | — | |
| Securities - taxable | $797k | $1.2m | $1.2m | $1.5m | $2.4m | $3.9m | $5.7m | $7.3m | — | |
| Securities - tax-exempt | $451k | $324k | $1.0m | $1.2m | $1.4m | $1.4m | $1.3m | $1.3m | — | |
| Cash and cash equivalents | $122k | $164k | $69k | $48k | $286k | $1.3m | $1.8m | $1.8m | — | |
| Deposits | $9.2m | $13.9m | $10.0m | $5.5m | $15.4m | $57.8m | $74.0m | $68.2m | — | |
| Borrowings and subordinated debentures | $2.2m | $2.6m | $3.7m | $2.9m | $3.2m | $9.8m | $11.0m | $10.5m | — | |
| Provision for credit losses | — | — | — | — | $2.5m | $6.8m | $11.4m | $15.2m | — | |
| Mortgage banking income | $26.2m | $26.2m | $76.5m | $75.9m | $25.3m | $16.5m | $21.0m | $20.8m | — | |
| Wealth management income | $3.9m | $3.6m | $4.9m | $6.1m | $6.0m | $4.9m | $5.7m | $6.3m | — | |
| SBA loan income | — | $1.4m | $2.6m | $6.9m | $4.5m | $4.5m | $3.5m | $5.5m | — | |
| Earnings on investment in life insurance | $300k | $290k | $279k | $365k | $553k | $789k | $868k | $956k | — | |
| Net change in the fair value of derivative instruments | ($161k) | $111k | $5.0m | ($4.3m) | ($703k) | $91k | $30k | $373k | — | |
| Net change in the fair value of loans held-for-sale | $7k | ($13k) | $3.8m | ($3.3m) | ($844k) | $32k | ($25k) | $310k | — | |
| Net change in the fair value of loans held-for-investment | ($214k) | $391k | $323k | ($189k) | ($2.4m) | $132k | $214k | $659k | — | |
| Net (loss) on hedging activity | — | ($816k) | ($9.4m) | $3.0m | $5.4m | $28k | ($87k) | ($151k) | — | |
| Other | $4.0m | $5.1m | $6.2m | $8.1m | $8.0m | $7.5m | $10.7m | $11.4m | — | |
| Occupancy and equipment | $3.8m | $3.8m | $4.3m | $4.5m | $4.8m | $4.8m | $6.0m | $4.6m | $4.6m | |
| Professional fees | $2.2m | $2.6m | $3.1m | $3.6m | $3.6m | $4.3m | $4.8m | $4.1m | — | |
| Data processing and software | — | — | — | $4.4m | $5.5m | $6.4m | $6.1m | $7.0m | — | |
| Advertising and promotion | $2.4m | $2.5m | $2.9m | $3.7m | $4.3m | $3.7m | $3.3m | $3.9m | — |