MRBKNasdaqNational Commercial BanksFiscal year ends December 31
Meridian Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$18.44−0.07 (-0.38%)
Close on Oct 19, 2026
- Market cap
- $224.49M
- P/E (TTM)
- 10.0
- Dividend yield
- 2.71%
Margins
Share of revenue, fiscal years 2016 to 2025
Net margin
345.7%+326.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +10.1% | +10.1% | -45.9% | – | |
| Net income | +33.6% | +0.0% | -3.8% | – | |
| EPS, diluted | +30.3% | +1.8% | -2.4% | – | |
| Free cash flow | +149.9% | -34.9% | – | – | |
| Dividend per share | 0.0% | -17.8% | +32.0% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 20.2% | 11.8% | |
| Return on assets | – | 1.8% | 0.9% | |
| Capex to revenue | – | 0.5% | 27.4% | |
| Diluted shares | – | 12M | 12M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Meridian generated $302.54M from operations and spent $70.15M on capital expenditure, dividends and share buybacks. 18% of that went back into the business.
Generated
$302.54M
Used
$70.15M
Capital expenditure$12.40M18%Dividends$37.50M53%Share buybacks$20.25M29%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin345.7%
×Asset turnover0.00×
×Equity multiplier13.33×
=Return on equity, FY202511.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 345.7% | 0.00× | 13.33× | 11.8% |
| FY2024 | 285.0% | 0.00× | 14.06× | 9.9% |
| FY2023 | 268.7% | 0.00× | 13.84× | 8.5% |
| FY2022 | 461.2% | 0.00× | 11.85× | 13.7% |
| FY2021 | 23.6% | 0.09× | 11.19× | 23.2% |
| FY2020 | 19.5% | 0.09× | 10.94× | 20.2% |
| FY2019 | 15.1% | 0.06× | 9.33× | 9.1% |
| FY2018 | 12.6% | 0.07× | 8.79× | 7.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$21.84M
- Cash generatingOperating cash flow above zero$24.30M
- Return on assets improvedROA up on the prior year0.7% → 0.9%
- Earnings backed by cashOperating cash flow above net income$24.30M vs $21.84M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise11M → 12M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.00 → 0.00