Meridian Corp - Understand $mrbk stock

$MRBK Market Cap: $190.1 Million

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Financial Snapshot

Revenue

$4.208M

TTM

Gross Margin

Net Earnings

$11.32M

TTM

Current Assets

Current Liabilities

$151.9M

Q3 2024

Current Ratio

Total Assets

$2.388B

Q3 2024

Total Liabilities

$2.220B

Q3 2024

Book Value

$167.5M

Q3 2024

Cash

$32.35M

Q3 2024

P/E

16.80

Nov 29, 2024 EST

Free Cash Flow

$17.20M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$4.928M	$88.72M	$71.52M	$62.66M	$52.86M
YoY Change	-94.45%	24.05%	14.15%	18.53%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019
Revenue	$4.928M	$88.72M	$71.52M	$62.66M	$52.86M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.600M	$1.400M	$1.300M	$1.600M	$1.700M	$1.400M	$1.000M	$1.800M	$800.0K
YoY Change	14.29%	7.69%	-18.75%	-5.88%	21.43%	40.0%	-44.44%	125.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019
Interest Expense	$67.65M	$18.59M	$8.411M	$13.66M	$16.53M
YoY Change	263.83%	121.06%	-38.43%	-17.35%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Pretax Income	$16.97M	$27.92M	$46.30M	$34.54M	$13.51M	$10.50M	$5.800M	$7.500M	$9.400M
YoY Change	-39.23%	-39.7%	34.07%	155.56%	28.7%	81.03%	-22.67%	-20.21%
Income Tax	$3.724M	$6.091M	$10.72M	$8.098M	$3.033M	$2.300M	$2.000M	$2.600M	$3.200M
% Of Pretax Income	21.95%	21.82%	23.15%	23.45%	22.44%	21.9%	34.48%	34.67%	34.04%
Net Earnings	$13.24M	$21.83M	$35.59M	$26.44M	$10.48M	$8.200M	$3.000M	$4.900M	$6.200M
YoY Change	-39.33%	-38.66%	34.6%	152.25%	27.82%	173.33%	-38.78%	-20.97%
Net Earnings / Revenue	268.73%	24.6%	49.75%	42.2%	19.83%
Basic Earnings Per Share	$1.19	$1.85	$5.91	$4.32	$1.64
Diluted Earnings Per Share	$1.16	$1.79	$5.73	$4.27	$1.63	$1.281M	$468.8K	$765.6K	$968.8K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$13.56M	$22.35M	$11.80M	$7.800M	$8.600M	$9.600M	$9.700M	$8.700M	$6.200M
YoY Change	-39.34%	89.4%	51.28%	-9.3%	-10.42%	-1.03%	11.49%	40.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$2.121M	$2.086M	$2.400M	$1.000M	$1.000M
YoY Change	1.68%	-13.08%	140.0%	0.0%
Other Assets	$4.201M	$3.936M	$1.400M	$100.0K	$2.100M	$1.700M	$1.300M	$1.300M	$400.0K
YoY Change	6.73%	181.14%	1300.0%	-95.24%	23.53%	30.77%	0.0%	225.0%
Total Long-Term Assets
YoY Change
Total Assets	$2.246B	$2.062B	$1.713B	$1.720B	$1.150B	$997.5M	$856.0M	$733.7M	$663.3M
YoY Change
Accounts Payable	$10.32M	$2.389M	$0.00	$1.200M	$1.100M	$300.0K	$200.0K	$200.0K	$200.0K
YoY Change	332.15%		-100.0%	9.09%	266.67%	50.0%	0.0%	0.0%
Accrued Expenses	$9.400M	$8.900M
YoY Change	5.62%
Deferred Revenue
YoY Change
Short-Term Debt	$174.9M	$122.1M	$41.30M	$106.9M	$123.7M	$114.3M	$99.80M	$105.6M	$85.80M
YoY Change	43.26%	195.6%	-61.37%	-13.58%	8.22%	14.53%	-5.49%	23.08%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$10.32M	$133.4M	$41.30M	$1.200M	$1.100M	$300.0K	$200.0K	$200.0K	$200.0K
YoY Change	-92.26%	222.93%	3341.67%	9.09%	266.67%	50.0%	0.0%	0.0%
Long-Term Debt	$224.7M	$40.35M	$40.50M	$40.70M	$41.00M	$9.200M	$13.30M	$13.40M	$13.40M
YoY Change	457.01%	-0.38%	-0.49%	-0.73%	345.65%	-30.83%	-0.75%	0.0%
Other Long-Term Liabilities	$29.65M	$22.75M	$19.80M	$23.00M	$9.300M	$5.700M	$5.400M	$4.700M	$4.800M
YoY Change	30.33%	14.91%	-13.91%	147.31%	63.16%	5.56%	14.89%	-2.08%
Total Long-Term Liabilities	$254.4M	$63.10M	$60.30M	$63.70M	$50.30M	$14.90M	$18.70M	$18.10M	$18.20M
YoY Change	303.16%	4.64%	-5.34%	26.64%	237.58%	-20.32%	3.31%	-0.55%
Total Liabilities	$2.088B	$1.909B	$1.548B	$1.579B	$1.029B	$887.9M	$754.7M	$663.7M	$610.4M
YoY Change	9.39%	23.31%	-1.93%	53.37%	15.93%	17.65%	13.71%	8.73%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018
Basic Shares Outstanding	11.12M shares	11.79M shares	6.019M	6.122M	6.407M	6.397K
Diluted Shares Outstanding	11.39M shares	12.20M shares	6.206M	6.187M	6.438M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $190.07 Million

About Meridian Corp

Meridian Corp. is a bank holding company, which engages in the provision of commercial and consumer banking services. The company is headquartered in Malvern, Pennsylvania and currently employs 324 full-time employees. The company went IPO on 2017-11-07. The Bank is a community bank serving Pennsylvania, New Jersey, Delaware, and Maryland. Through its offices, including banking branches and mortgage locations, it offers a full suite of financial products and services. The company specializes in business and industrial lending, retail and commercial real estate lending, electronic payments, and wealth management solutions through Meridian Wealth Partners. The company also offers a broad menu of depository products supported by online and mobile access. Its banking segment consists of commercial and retail banking. Its wealth management segment provides an array of wealth management services and products and guidance to help its clients and its banking customers. Its mortgage banking segment originates one-to-four family residential mortgages and sells nearly all of its production to third party investors.

Industry: National Commercial Banks Peers: C & F FINANCIAL CORP GRANDSOUTH BANCORPORATION LCNB CORP MainStreet Bancshares, Inc. PLUMAS BANCORP Princeton Bancorp, Inc. PNC FINANCIAL SERVICES GROUP, INC. Virginia National Bankshares Corp