MRBK on Nasdaq
Meridian Corporation
National commercial bank based in Nassau, Bahamas, incorporated in Pennsylvania.1
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with SOUTHERN FIRST BANCSHARES INC, CONSUMERS BANCORP INC /OH/ or NATIONAL BANKSHARES INC, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Investment Advice brought in 89% of the revenue Meridian Corporation broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Investment Advice | $5.7M | $6.3M |
| Wire Transfer Fees, ATM/Debit Card Commissions, And Title Fees | $716.0K | $815.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Income tax23¢$6.6M
- Profit77¢$21.8M
Out of $6.3M in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Capital spending7¢$1.7M
- Dividends paid23¢$5.7M
- Kept or used elsewhere70¢$16.9M
Out of $24.3M of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Loans and other finance receivables, including fees | $156.0M | $147.2M |
| Securities - taxable | $7.3M | $5.7M |
| Securities - tax-exempt | $1.3M | $1.3M |
| Cash and cash equivalents | $1.8M | $1.8M |
| Total interest income | $166.3M | $156.0M |
| Deposits | $68.2M | $74.0M |
| Borrowings and subordinated debentures | $10.5M | $11.0M |
| Total interest expense | $78.6M | $85.0M |
| Net interest income | $87.7M | $71.0M |
| Provision for credit losses | $15.2M | $11.4M |
| Net interest income after provision for credit losses | $72.5M | $59.6M |
| Mortgage banking income | $20.8M | $21.0M |
| Wealth management income | $6.3M | $5.7M |
| SBA loan income | $5.5M | $3.5M |
| Earnings on investment in life insurance | $956.0K | $868.0K |
| Net gain on sale of MSRs | $403.0K | $4.0M |
| Net (loss) gain on sale of loans | -$434.0K | $15.0K |
| Net change in the fair value of derivative instruments | $373.0K | $30.0K |
| Net change in the fair value of loans held-for-sale | $310.0K | -$25.0K |
| Net change in the fair value of loans held-for-investment | $659.0K | $214.0K |
| Net (loss) on hedging activity | -$151.0K | -$87.0K |
| Net gain (loss) on sale of investments AFS | $501.0K | -$57.0K |
| Other | $4.0M | $6.2M |
| Total non-interest income | $39.2M | $41.3M |
| Salaries and employee benefits | $51.3M | $47.3M |
| Occupancy and equipment | $4.6M | $6.0M |
| Professional fees | $4.1M | $4.8M |
| Data processing and software | $7.0M | $6.1M |
| Advertising and promotion | $3.9M | $3.3M |
| Pennsylvania bank shares tax | $1.0M | $972.0K |
| Other | $11.4M | $10.7M |
| Total non-interest expense | $83.3M | $79.1M |
| Income before income taxes | $28.4M | $21.8M |
| Income tax expense | $6.6M | $5.4M |
| Net income | $21.8M | $16.3M |
| Basic earnings per common share (in USD per share) | $1.93 | $1.47 |
| Diluted earnings per common share (in USD per share) | $1.89 | $1.45 |
| Basic weighted average shares outstanding (in shares) | 11.3M shares | 11.1M shares |
| Diluted weighted average shares outstanding (in shares) | 11.5M shares | 11.2M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and due from banks | $10.4M | $5.6M | |
| Interest-bearing deposits at other banks | $25.4M | $21.9M | |
| Cash and cash equivalents | $35.8M | $27.5M | |
| Securities available-for-sale, at fair value (amortized cost of $199,127 and $183,764, respectively) | $193.5M | $174.3M | |
| Securities held-to-maturity, at amortized cost (fair value of $30,152 and $30,492, respectively) | $32.5M | $33.8M | |
| Equity investments | $2.2M | $2.1M | |
| Mortgage loans held for sale | $33.8M | $32.4M | |
| Loans and other finance receivables, net of fees and costs | $2.2B | $2.0B | |
| Allowance for credit losses | -$21.6M | -$18.4M | -$22.1M |
| Loans and other finance receivables, net of the allowance for credit losses | $2.1B | $2.0B | |
| Restricted investment in bank stock | $7.8M | $7.8M | |
| Bank premises and equipment, net | $12.4M | $12.2M | |
| Bank owned life insurance | $30.7M | $29.7M | |
| Accrued interest receivable | $10.7M | $10.0M | |
| OREO and other repossessed assets | $6.0M | $276.0K | |
| Deferred income taxes | $4.2M | $4.7M | |
| Servicing assets | $3.9M | $4.4M | |
| Goodwill | $899.0K | $899.0K | |
| Intangible assets | $2.6M | $2.8M | |
| Other assets | $36.0M | $31.3M | |
| Total assets | $2.6B | $2.4B | |
| Non-interest bearing | $245.4M | $240.9M | |
| Interest bearing | $1.9B | $1.8B | |
| Total deposits | $2.2B | $2.0B | |
| Borrowings | $117.3M | $124.5M | |
| Subordinated debentures | $49.9M | $49.7M | |
| Accrued interest payable | $6.5M | $6.9M | |
| Other liabilities | $30.4M | $27.9M | |
| Total liabilities | $2.4B | $2.2B | |
| Common stock, $1 par value: 25,000,000 shares authorized; 13,829,645 and 13,243,258 shares issued, respectively; and 11,826,462 and 11,240,075 shares outstanding, respectively. | $13.8M | $13.2M | |
| Surplus | $90.4M | $81.5M | |
| Treasury stock - 2,003,183 and 2,003,183 shares, respectively, at cost | -$26.1M | -$26.1M | |
| Unearned common stock held by ESOP | -$1.2M | -$1.0M | |
| Retained earnings | $128.1M | $112.0M | |
| Accumulated other comprehensive loss | -$5.3M | -$8.1M | |
| Total stockholders equity | $199.7M | $171.5M | |
| Total liabilities and stockholders equity | $2.6B | $2.4B | |
| Amortized cost | $199.1M | $183.8M | |
| Securities held-to-maturity | $30.2M | $30.5M | |
| Common stock, par value (in dollars per share) | $1.00 | $1.00 | |
| Common stock, authorized (in shares) | 25.0M shares | 25.0M shares | |
| Common stock, issued (in shares) | 13.8M shares | 13.2M shares | |
| Common stock, outstanding (in shares) | 11.8M shares | 11.2M shares | |
| Treasury stock (in shares) | 2.0M shares | 2.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and due from banks | $10.4M | $5.6M | |
| Interest-bearing deposits at other banks | $25.4M | $21.9M | |
| Cash and cash equivalents | $35.8M | $27.5M | |
| Securities available-for-sale, at fair value (amortized cost of $199,127 and $183,764, respectively) | $193.5M | $174.3M | |
| Securities held-to-maturity, at amortized cost (fair value of $30,152 and $30,492, respectively) | $32.5M | $33.8M | |
| Equity investments | $2.2M | $2.1M | |
| Mortgage loans held for sale | $33.8M | $32.4M | |
| Loans and other finance receivables, net of fees and costs | $2.2B | $2.0B | |
| Allowance for credit losses | -$21.6M | -$18.4M | -$22.1M |
| Loans and other finance receivables, net of the allowance for credit losses | $2.1B | $2.0B | |
| Restricted investment in bank stock | $7.8M | $7.8M | |
| Bank premises and equipment, net | $12.4M | $12.2M | |
| Bank owned life insurance | $30.7M | $29.7M | |
| Accrued interest receivable | $10.7M | $10.0M | |
| OREO and other repossessed assets | $6.0M | $276.0K | |
| Deferred income taxes | $4.2M | $4.7M | |
| Servicing assets | $3.9M | $4.4M | |
| Goodwill | $899.0K | $899.0K | |
| Intangible assets | $2.6M | $2.8M | |
| Other assets | $36.0M | $31.3M | |
| Total assets | $2.6B | $2.4B | |
| Non-interest bearing | $245.4M | $240.9M | |
| Interest bearing | $1.9B | $1.8B | |
| Total deposits | $2.2B | $2.0B | |
| Borrowings | $117.3M | $124.5M | |
| Subordinated debentures | $49.9M | $49.7M | |
| Accrued interest payable | $6.5M | $6.9M | |
| Other liabilities | $30.4M | $27.9M | |
| Total liabilities | $2.4B | $2.2B | |
| Common stock, $1 par value: 25,000,000 shares authorized; 13,829,645 and 13,243,258 shares issued, respectively; and 11,826,462 and 11,240,075 shares outstanding, respectively. | $13.8M | $13.2M | |
| Surplus | $90.4M | $81.5M | |
| Treasury stock - 2,003,183 and 2,003,183 shares, respectively, at cost | -$26.1M | -$26.1M | |
| Unearned common stock held by ESOP | -$1.2M | -$1.0M | |
| Retained earnings | $128.1M | $112.0M | |
| Accumulated other comprehensive loss | -$5.3M | -$8.1M | |
| Total stockholders equity | $199.7M | $171.5M | |
| Total liabilities and stockholders equity | $2.6B | $2.4B | |
| Amortized cost | $199.1M | $183.8M | |
| Securities held-to-maturity | $30.2M | $30.5M | |
| Common stock, par value (in dollars per share) | $1.00 | $1.00 | |
| Common stock, authorized (in shares) | 25.0M shares | 25.0M shares | |
| Common stock, issued (in shares) | 13.8M shares | 13.2M shares | |
| Common stock, outstanding (in shares) | 11.8M shares | 11.2M shares | |
| Treasury stock (in shares) | 2.0M shares | 2.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $21.8M | $16.3M |
| (Gain) loss on sale of investment securities available-for-sale | -$501.0K | $57.0K |
| Net amortization of investment premiums and discounts and change in fair value of equity securities | $1.7M | $4.0M |
| Depreciation and amortization (accretion), net | -$292.0K | $818.0K |
| Provision for credit losses | $15.2M | $11.4M |
| Amortization of issuance costs on subordinated debt | $123.0K | $122.0K |
| Stock based compensation | $1.2M | $976.0K |
| Net change in fair value of derivative instruments | -$373.0K | -$30.0K |
| Net change in fair value of loans held for sale | -$310.0K | $25.0K |
| Net change in fair value of loans held for investment | -$659.0K | -$214.0K |
| Amortization and net impairment of servicing rights | -$529.0K | $1.5M |
| Net gain on sale of MSRs | -$403.0K | -$4.0M |
| Gain on sale of OREO | -$15.0K | -$317.0K |
| SBA loan income | -$5.5M | -$3.5M |
| Proceeds from sale of loans | $800.6M | $807.8M |
| Loans originated for sale | -$780.8M | -$794.4M |
| Mortgage banking income | -$20.8M | -$21.0M |
| Increase in accrued interest receivable | -$766.0K | -$633.0K |
| Lease early termination | $0 | $1.1M |
| Increase in other assets | -$6.9M | -$4.6M |
| Earnings from investment in bank owned life insurance | -$956.0K | -$868.0K |
| Increase in deferred income tax | -$373.0K | -$799.0K |
| Decrease in accrued interest payable | -$329.0K | -$3.5M |
| Increase (decrease) in other liabilities | $3.1M | -$760.0K |
| Net cash provided by operating activities | $24.3M | $9.6M |
| Maturities, repayments and calls | $19.0M | $19.8M |
| Sales | $14.4M | $16.0M |
| Purchases | -$49.9M | -$66.8M |
| Maturities, repayments and calls | $3.0M | $1.7M |
| Purchases | -$2.0M | $0 |
| Proceeds from sale of OREO | $15.0K | $1.9M |
| Proceeds from sale of MSRs | $1.4M | $9.9M |
| Proceeds from sale of loans held for investment | $122.7M | $59.4M |
| Net purchases of restricted investments in bank stocks | -$58.0K | $319.0K |
| Net increase in loans | -$270.7M | -$206.7M |
| Purchases of premises and equipment | -$1.7M | -$568.0K |
| Net purchase of bank owned life insurance | -$19.0K | $0 |
| Disposal of premise and equipment | $40.0K | $0 |
| Net cash used in investing activities | -$163.9M | -$165.0M |
| Net increase in deposits | $152.8M | $181.9M |
| Increase (decrease) in short-term borrowings | $8.1M | -$42.6M |
| Decrease in long-term debt | -$15.2M | -$7.8M |
| Repayment of subordinated debt | -$13.0K | -$215.0K |
| Dividends paid | -$5.7M | -$5.6M |
| Stock based awards and exercises | $885.0K | $499.0K |
| Shares purchased for ESOP plan | -$425.0K | $0 |
| Proceeds from issuance of common stock | $7.5M | $0 |
| Net cash provided by financing activities | $147.9M | $126.2M |
| Net change in cash and cash equivalents | $8.3M | -$29.2M |
| Interest | $79.0M | $88.5M |
| Federal | $10.2M | $2.5M |
| State | $989.0K | $583.0K |
| Total Income taxes | $11.2M | $3.1M |
| Carrying value of residential portfolio loans sold | $24.5M | $0 |
| Net loans sold, not settled | $1.8M | $9.7M |
| Non-cash transfers from loans receivable to OREO | $3.6M | $0 |
| Non-cash transfers from loans receivable to repossessed assets | $2.4M | $0 |
No quarter-by-quarter statement was filed.
Leadership
Who has led Meridian Corporation, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
20202025
- Chief executive officerChristopher J. Annas Sep 10, 2018 to now12
- ChairChristopher J. Annas Sep 10, 2018 to now12
- Chief financial officerDenise Lindsay Aug 5, 2019 to now13
Board members and other officers (13)
- EVPClarence Addis Martindell Apr 3, 2026 to now14
- Chief Credit OfficerAndrew Nathan Fox Nov 25, 2024 to now15
- Chief Lending OfficerCharles D. Kochka Aug 5, 2019 to Mar 7, 202316
- Chief Credit OfficerJoseph L. Cafarchio Aug 5, 2019 to Aug 30, 202217
- Chief Information OfficerRandall J. McGarry Oct 29, 2018 to Aug 30, 202218
- Board memberKenneth Thomas Warriner Apr 27, 2026 to now19
- Board memberChristine Marie Helmig Nov 1, 2022 to May 9, 202320
- Board memberEdward J. Hollin Feb 7, 2020 to now21
- Board memberGeorge C. Collier Iii. Feb 7, 2020 to now22
- Board memberKenneth H. Slack Feb 7, 2020 to Dec 30, 202123
- Board memberDenise Lindsay Aug 5, 2019 to now13
- Board memberAnthony Mark Imbesi Sep 10, 2018 to now24
- Board memberRobert M. Casciato Sep 10, 2018 to now25
Timeline
Filings
198 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 50 major events, 88 insider forms, 20 large holders, 20 other. The latest 20:
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 7, 202610-Q EDGAR
- Jul 30, 20268-K EDGAR
- Jul 29, 2026SCHEDULE 13G EDGAR
- Jul 23, 20268-K EDGAR
- Jun 25, 20264 EDGAR
- Jun 10, 20264 EDGAR
- May 29, 20268-K EDGAR
- May 14, 20264 EDGAR
- May 11, 202610-Q EDGAR
- May 8, 20264 EDGAR
- May 4, 20268-K/A EDGAR
- Apr 30, 20264 EDGAR
- Apr 30, 20264 EDGAR
- Apr 27, 20263 EDGAR
- Apr 27, 20268-K EDGAR
- Apr 23, 20268-K EDGAR
- Apr 23, 20268-K EDGAR
- Apr 6, 2026DEFR14A EDGAR
- Apr 6, 2026ARS EDGAR
The 198 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 20 such filings since October 2021, the latest 10:
- Aug 14, 2026SCHEDULE 13G/A
- Jul 29, 2026SCHEDULE 13G
- Mar 27, 2026SCHEDULE 13G/A
- Nov 14, 2025SCHEDULE 13G/A
- Aug 14, 2025SCHEDULE 13G/A
- Aug 14, 2025SCHEDULE 13G/A
- Jul 29, 2025SCHEDULE 13G
- May 15, 2025SCHEDULE 13G/A
- May 13, 2025SCHEDULE 13G/A
- Feb 14, 2024SC 13G/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Links
- WikidataQ111384721
- SEC EDGARCIK 1750735
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataMeridian Corporation on Wikidata
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- 14SEC EDGARClarence Addis Martindell, EVP
- 15
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- 20SEC EDGARChristine Marie Helmig, Board member
- 21SEC EDGAREdward J. Hollin, Board member
- 22SEC EDGARGeorge C. Collier Iii., Board member
- 23SEC EDGARKenneth H. Slack, Board member
- 24SEC EDGARAnthony Mark Imbesi, Board member
- 25SEC EDGARRobert M. Casciato, Board member
- 26