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Meridian Corp  (MRBK)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $9.6000 $0.06 0.629%
Day's High: $9.77 Week Perf: -4.38 %
Day's Low: $ 9.50 30 Day Perf: -2.93 %
Volume (M): 5 52 Wk High: $ 27.90
Volume (M$): $ 47 52 Wk Avg: $11.16
Open: $9.50 52 Wk Low: $7.80



 Market Capitalization (Millions $) 110
 Shares Outstanding (Millions) 11
 Employees -
 Revenues (TTM) (Millions $) 94
 Net Income (TTM) (Millions $) 13
 Cash Flow (TTM) (Millions $) 18
 Capital Exp. (TTM) (Millions $) 2

Meridian Corp
Meridian Corp. is a financial services and wealth management company located in Indiana, the United States. The company was established in 2016, and it operates as the holding company for Meridian Bank. Meridian Bank offers a range of financial services, including consumer and commercial banking, wealth management, and trust services. The company also provides various loans and credit services, including commercial lending, residential mortgages, and construction lending.

Meridian Bank has a strong community presence in Indiana and is committed to helping its clients achieve their financial goals. The bank's experienced advisors provide clients with customized solutions to help them manage their wealth and achieve their financial objectives. Meridian Bank strives to build long-lasting relationships with its clients, offering personalized and expert advice through all phases of their financial life.

Meridian Corp. is publicly traded on the NASDAQ stock exchange under the ticker symbol MRBK. The company has a market capitalization of approximately $190 million and employs over 100 people. The bank operates through four offices in Indiana, serving clients throughout the state. Meridian Corp. is led by a team of experienced bankers and financial professionals who are committed to delivering superior customer service and innovative financial solutions.


   Company Address: 9 Old Lincoln Highway Malvern 19355 PA
   Company Phone Number: 568-5000   Stock Exchange / Ticker: NASDAQ MRBK
   


   

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Meridian Corp

Serious headline: Meridian Corp Faces Alarming -20.706% Revenue Decline in Q4 2023

Investors were left concerned after Meridian Corporation (Nasdaq: MRBK) reported a significant revenue contraction of -20.706% in the financial fourth quarter of 2023. This decline in revenue led to a fall in the bottom-line by -77.12%, with the company recording numbers of $20.43 million in revenue compared to $25.77 million a year ago.
Earnings per share also took a hit, dropping to $0.03 per share from 0.15 in the preceding year. Net earnings for the October to December 31, 2023 financial interval fell by -87.45% from $4.558 million in the corresponding period a year before. Meridian Corp's profitability metrics also saw a decline, with operating margin mitigating to 3.56% and net margin shrinking to 2.8%.

Meridian Corp

Commercial Banks Company Reports Single-Digit Revenue Depreciation in Latest Fiscal Period



Meridian Corporation (Nasdaq: MRBK) recently reported its financial results for the third quarter ending September 30, 2023. The company witnessed a significant decrease in its revenue and bottom line, resulting in a decline in overall profitability. This article will outline the key facts and implications of the financial results, shedding light on the challenges faced by Meridian Corp in the given period.
1. Declining Revenue and Bottom Line:
In Q3 2023, Meridian Corp reported a decline in revenue by -9.003% to $25.23 million compared to the same quarter of the previous year. This drop in revenue caused the bottom line to tumble by -63.54% to $0.35 per share, down from $0.96 per share in the previous reporting season.

Meridian Corp

Meridian Corp, a Notable Commercial Banking Player, Reveals Deterioration in Revenue by -6.709% in Fiscal Q2 2023



Meridian Corp, a notable player in the commercial banking industry, experienced a concerning financial performance in the fiscal period ending June 30, 2023. Despite the company's shares showing an overall upward trend in recent trading days, key financial indicators, such as income per share and net earnings, exhibited significant declines. This news article aims to provide investors with insights into Meridian Corp's financial difficulties and discuss the potential implications for the company's future performance.

Challenging Financial Results:
For the fiscal period ending June 30, 2023, Meridian Corp witnessed a significant drop in income per share, plummeting by -57.29% compared to the previous year, falling from $0.96 per share to $0.41 per share. Similarly, net earnings decreased by -21.78%, from $5.938 million to $4.645 million. These figures highlight a substantial decline in Meridian Corp's profitability over the past year.

Meridian Corp

Meridian Corp's Troubling Earnings Report Alarms Stock Market Amidst Severe Headwinds

The recent earnings report of Meridian Corp calls for caution in the stock market. The decline in earnings per share by -61.36% from the previous year is a cause for concern, as it shows a significant dip in the company's profitability. Additionally, the revenue has receded by -19.655%, which is a worrying sign for investors.
Meridian Corp's operating margin and net margin have also shrunk, indicating that the company's operating efficiency has decreased. The fall of -27.68% in operating earnings and the subsequent squeeze in operating margin from 24.85% to 22.37% in a year is another concerning aspect.






 

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