Meridian Corp
investor.meridianbanker.comWhat Do They Do?
Provides deposit and lending services to small and middle-market businesses, professionals and retail customers.
10-K for FY2025, filed Mar 13, 2026
How Do They Make Money?
The bank earns interest on loans and investments and pays interest on deposits and borrowings; it also collects fees for banking transactions and account services, wealth advice and mortgage activity. Fees are generally received in the period the transaction occurs, while advisory fees may be billed quarterly in advance.
10-K for FY2025, filed Mar 13, 2026Net Interest Income, or the difference between the interest income earned on loans, leases and investments and the interest expense paid on…View ↗
For the Year Ended December 31, (dollars in thousands) 2025 2024 Average Balance Interest Income/ Expense Yields/ Rates Average Balance…View ↗
The Corporation recognizes all sources of income on the accrual method, with the exception of nonaccrual loans and leases. In addition to…View ↗
The Corporation earns wealth management fee income from investment advisory services provided to individual and 401k customers. Fees that…View ↗
The Corporation earns fees from its deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based…View ↗
Other sources of the Corporation’s non-interest income that are not within the scope of ASC 606 include mortgage banking income, SBA loan…View ↗
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10-K for FY2025, filed Mar 13, 2026
FY2025 revenue by reportable segment (Total operating income) ↗
$6.3M
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10-K for FY2025, filed Mar 13, 2026
$6.3M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Bank
|
99% |
Bank, FY2025
$164.5M Sources
|
|
|
Wealth
|
0.0% |
Wealth, FY2025
$0 Sources
|
|
|
Mortgage
Sold outright
|
1.1% |
Mortgage, FY2025
$1.8M Sources
|
Sold outright |
Who Are Their Customers?
Wealth clients include individuals and companies seeking employee benefit plans; mortgage customers are homeowners and smaller-scale investors, reached through realtor, builder, bank, advertising and customer referral channels.
10-K for FY2025, filed Mar 13, 2026
Do Revenues Turn Into Profits?
Yes. Its net income in FY2025 was larger than its revenue and turned 357 cents into free cash flow.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 7, 2026
Open tableView ↗
Shrinking. Revenue fell 91% in 4 years, from $71.5M in FY2021 to $6.3M in FY2025, about 45% a year.
Mortgage originations
The mortgage business adds home equity loans to its listed originations; the older report lists consumer and wholesale mortgage loans, plus loans held in its portfolio.
10-K for FY2022, filed Mar 16, 2023 10-K for FY2025, filed Mar 13, 2026The second line of business is mortgage banking. Our mortgage consultants guide our clients through the complex process of obtaining a loan…View ↗
The third line of business is mortgage banking. Our mortgage consultants guide our clients through the complex process of obtaining a loan…View ↗
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