What is Meridian Corp's earnings per share (EPS)?

Meridian Corp (MRBK) reported diluted earnings per share of $1.89 for fiscal year 2025. This represents a 30.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Meridian Corp Financials

MRBK

Trailing 12 months to June 30, 2026

Revenue $6.7M +12.0% YoY

Net Income $21.6M +18.2% YoY

EPS (Diluted) $1.84 +14.3% YoY

Free Cash Flow $18.6M -44.6% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 7, 2026 Currency USD FYE December

Meridian Corp (MRBK) reported $6.7M in revenue over the twelve months to Jun 30, 2026, up 12.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MRBK FY2025 2026-08-29

Balance-sheet funding supports improving profitability, but heavy liabilities keep returns modest relative to the asset base.

From FY2023 to FY2025, return on assets improved from 0.6% to 0.9% while the reported debt-to-equity ratio fell from 13.2x to 11.8x, indicating better earnings efficiency alongside some balance-sheet improvement. FY2025 net income of $21.8M was closely matched by operating cash flow of $24.3M, so reported profits were broadly converting into cash rather than depending mainly on accruals.

FY2025 total assets reached $2.6B against total liabilities of $2.4B, making the business structurally balance-sheet intensive. Its $200M equity base is small relative to those assets, so return ratios provide more useful operating context than revenue-based margins.

The company reported investing cash flow of -$163.9M while financing cash flow supplied $147.9M in FY2025; that combination indicates balance-sheet deployment was not funded by operations alone. Capital expenditures were only $1.7M against free cash flow of $22.6M, suggesting the investing outflow mainly reflects financial-asset activity rather than conventional fixed-asset reinvestment.

Financial Health Signals

Financial Health Score 32/100

Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Meridian Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings

Growth

Capital

Efficiency

Credit Quality

Stability

Piotroski F-Score Partial

5/6

Meridian Corp passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.11x

For every $1 of reported earnings, Meridian Corp generates $1.11 in operating cash flow ($24.3M OCF vs $21.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$6.3M

YoY+10.1%

5Y CAGR-36.8%

Meridian Corp generated $6.3M in revenue in fiscal year 2025. This represents an increase of 10.1% from the prior year.

Net Income

$21.8M

YoY+33.7%

5Y CAGR-3.8%

Meridian Corp reported $21.8M in net income in fiscal year 2025. This represents an increase of 33.7% from the prior year.

EPS (Diluted)

$1.89

YoY+30.3%

Meridian Corp earned $1.89 per diluted share (EPS) in fiscal year 2025. This represents an increase of 30.3% from the prior year.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

$22.6M

YoY+149.9%

Meridian Corp generated $22.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 149.9% from the prior year.

Dividends Per Share

$0.50

YoY0.0%

Meridian Corp paid $0.50 per share in dividends in fiscal year 2025. That is unchanged from the prior year.

Shares Outstanding

12M

YoY+5.2%

Meridian Corp had 12M shares outstanding in fiscal year 2025. This represents an increase of 5.2% from the prior year.

Cash & Debt

Not reported for fiscal year 2025.

Margins & Returns

Return on Equity

10.9%

YoY+1.4pp

5Y CAGR-7.8pp

Meridian Corp's ROE was 10.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.4 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Net Margin

Not shown for fiscal year 2025: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

Capital Expenditures

$1.7M

YoY+204.9%

5Y CAGR+18.3%

Meridian Corp invested $1.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 204.9% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

MRBK Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

MRBK quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Revenue	$6.7M	$6.3M+10.1%	$5.7M+16.4%	$4.9M+4.1%	$4.7M-93.4%	$71.5M+14.2%	$62.7M+18.5%	$52.9M+20.0%	$44.1M+23.4%	$35.7M
SG&A Expenses	$52.3M	$51.3M+8.5%	$47.3M-0.2%	$47.4M-12.9%	$54.4M-31.1%	$78.9M+9.3%	$72.1M+105.2%	$35.2M+1.0%	$34.8M-11.1%	$39.1M
Interest Expense	$74.7M	$78.6M-7.5%	$85.0M+25.7%	$67.6M+263.8%	$18.6M+121.1%	$8.4M-38.4%	$13.7M-17.3%	$16.5M+44.9%	$11.4M+68.2%	$6.8M
Income Tax	$6.4M	$6.6M+20.7%	$5.4M+46.1%	$3.7M-38.9%	$6.1M-43.2%	$10.7M+32.3%	$8.1M+167.0%	$3.0M+30.3%	$2.3M-15.5%	$2.8M
Net Income	$21.6M	$21.8M+33.7%	$16.3M+23.5%	$13.2M-39.5%	$21.8M-38.7%	$35.6M+34.6%	$26.4M+152.2%	$10.5M+28.4%	$8.2M+169.2%	$3.0M
EPS (Diluted)	$1.84	$1.89+30.3%	$1.45+25.0%	$1.16-35.2%	$1.79-37.6%	$2.87	$4.27+162.0%	$1.63+28.3%	$1.27+159.2%	$0.49

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$1.7M-1.3%	$1.7M+3.0%	$1.7M+4.3%	$1.6M+7.9%	$1.5M-2.8%	$1.5M+0.5%	$1.5M+5.5%	$1.4M
SG&A Expenses	$13.2M+6.5%	$12.4M-5.5%	$13.1M-3.7%	$13.6M+3.3%	$13.2M+15.8%	$11.4M-8.4%	$12.4M-3.1%	$12.8M
Interest Expense	$18.0M+2.7%	$17.5M-8.8%	$19.2M-4.0%	$20.0M-0.3%	$20.1M+3.4%	$19.4M-6.4%	$20.7M-6.1%	$22.1M
Income Tax	$1.7M+187.3%	$582K-72.4%	$2.1M+4.8%	$2.0M+18.8%	$1.7M+127.2%	$746K-62.6%	$2.0M+32.8%	$1.5M
Net Income	$5.8M+189.5%	$2.0M-71.9%	$7.2M+7.4%	$6.7M+19.1%	$5.6M+133.1%	$2.4M-56.8%	$5.6M+17.1%	$4.7M
EPS (Diluted)	$0.48+182.4%	$0.17-72.1%	$0.61+5.2%	$0.58+18.4%	$0.49+133.3%	$0.21-57.1%	$0.49+16.7%	$0.42

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.

MRBK Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

MRBK quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Total Assets	$2.6B+7.4%	$2.4B+6.2%	$2.2B+8.9%	$2.1B+20.4%	$1.7B-0.4%	$1.7B+49.6%	$1.2B+15.3%	$997.5M+16.5%	$856.0M
Cash & Equivalents	N/A	$27.5M-51.6%	$56.7M+47.7%	$38.4M+63.5%	$23.5M-36.1%	$36.7M-6.7%	$39.4M+64.4%	$24.0M-32.5%	$35.5M
Goodwill	$899K0.0%	$899K0.0%	$899K0.0%	$899K0.0%	$899K0.0%	$899K0.0%	$899K0.0%	$899K	N/A
Total Liabilities	$2.4B+6.7%	$2.2B+6.0%	$2.1B+9.4%	$1.9B+23.3%	$1.5B-1.9%	$1.6B+53.4%	$1.0B+15.9%	$887.9M+17.7%	$754.7M
Long-Term Debt	N/A	N/A	N/A	$8.9M	$0	N/A	N/A	$6.2M-29.6%	$8.9M
Total Equity	$199.7M+16.4%	$171.5M+8.5%	$158.0M+3.1%	$153.3M-7.3%	$165.4M+16.8%	$141.6M+17.3%	$120.7M+10.2%	$109.6M+8.1%	$101.4M
Retained Earnings	$128.1M+14.4%	$112.0M+10.6%	$101.2M+5.6%	$95.8M+12.8%	$84.9M+43.9%	$59.0M+73.1%	$34.1M+44.4%	$23.6M+49.8%	$15.8M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$2.6B+0.6%	$2.6B+0.6%	$2.6B+0.8%	$2.5B+1.2%	$2.5B-0.7%	$2.5B+6.0%	$2.4B-0.1%	$2.4B
Cash & Equivalents	N/A	N/A	N/A	$40.0M-20.3%	$50.2M-61.8%	$131.2M+377.8%	$27.5M-15.1%	$32.3M
Goodwill	$899K0.0%	$899K0.0%	$899K0.0%	$899K0.0%	$899K0.0%	$899K0.0%	$899K0.0%	$899K
Total Liabilities	$2.4B+0.5%	$2.4B+0.6%	$2.4B+0.4%	$2.4B+0.9%	$2.3B-1.0%	$2.4B+6.4%	$2.2B-0.3%	$2.2B
Total Equity	$204.8M+2.3%	$200.2M+0.3%	$199.7M+6.2%	$188.0M+5.6%	$178.0M+2.6%	$173.6M+1.2%	$171.5M+2.4%	$167.4M
Retained Earnings	$132.6M+3.2%	$128.5M+0.3%	$128.1M+4.7%	$122.4M+4.5%	$117.1M+3.7%	$113.0M+0.9%	$112.0M+3.9%	$107.8M

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Long-Term Debt.

MRBK Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

MRBK quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Operating Cash Flow	$20.2M	$24.3M+153.2%	$9.6M-49.1%	$18.9M-77.7%	$84.7M-48.7%	$165.1M+204.2%	-$158.5M-834.7%	$21.6M+95.5%	$11.0M+5.3%	$10.5M
Capital Expenditures	$1.5M	$1.7M+204.9%	$568K-68.8%	$1.8M-37.3%	$2.9M-45.9%	$5.4M+619.4%	$747K+0.1%	$746K-54.5%	$1.6M-32.0%	$2.4M
Free Cash Flow	$18.6M	$22.6M+149.9%	$9.0M-47.0%	$17.0M-79.2%	$81.8M-48.8%	$159.7M+200.3%	-$159.2M-864.6%	$20.8M+121.7%	$9.4M+16.4%	$8.1M
Investing Cash Flow	-$89.1M	-$163.9M+0.7%	-$165.0M-0.5%	-$164.2M+58.2%	-$393.1M-179.8%	-$140.5M+62.1%	-$370.7M-159.1%	-$143.1M+8.0%	-$155.6M-41.9%	-$109.6M
Financing Cash Flow	$55.0M	$147.9M+17.2%	$126.2M-22.9%	$163.6M-49.4%	$323.4M+953.9%	-$37.9M-107.2%	$526.5M+284.5%	$136.9M+2.9%	$133.0M+14.9%	$115.8M
Dividends Paid	$6.2M	$5.7M+1.3%	$5.6M-0.2%	$5.6M-48.6%	$10.9M+12.9%	$9.7M+534.7%	$1.5M	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$0-100.0%	$4.3M-67.1%	$13.0M+327.5%	$3.0M-46.8%	$5.7M+190000.0%	$3K	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$930K-132.5%	$2.9M+146.3%	-$6.2M-125.3%	$24.4M+302.6%	-$12.0M-166.5%	$18.1M+2673.4%	-$704K-102.3%	$31.2M
Capital Expenditures	$469K+106.6%	$227K-42.4%	$394K-12.1%	$448K-29.0%	$631K+143.6%	$259K-25.1%	$346K-80.1%	-$1.7M
Free Cash Flow	-$1.4M-153.1%	$2.6M+140.1%	-$6.6M-127.4%	$24.0M+289.0%	-$12.7M-171.0%	$17.9M+1800.8%	-$1.1M-103.6%	$29.5M
Investing Cash Flow	-$1.3M+94.6%	-$24.5M-202.6%	-$8.1M+85.4%	-$55.3M-13.5%	-$48.7M+6.0%	-$51.8M-496.7%	-$8.7M+79.8%	-$43.0M
Financing Cash Flow	$10.2M-27.7%	$14.1M+40.2%	$10.0M-51.4%	$20.7M+201.9%	-$20.3M-114.8%	$137.5M+2951.0%	$4.5M-77.5%	$20.0M
Dividends Paid	$1.7M+0.4%	$1.7M+15.3%	$1.4M+1.6%	$1.4M+0.2%	$1.4M+0.3%	$1.4M+0.2%	$1.4M+0.5%	$1.4M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0

MRBK Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

MRBK quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Net Margin	345.2%	284.2%	267.9%	461.2%	49.8%+7.6pp	42.2%+22.4pp	19.8%+1.3pp	18.5%+10.0pp	8.5%
Return on Equity	10.9%+1.4pp	9.5%+1.1pp	8.3%-5.9pp	14.2%-7.3pp	21.5%+2.8pp	18.7%+10.0pp	8.7%+1.2pp	7.4%+4.5pp	3.0%
Return on Assets	0.9%+0.2pp	0.7%+0.1pp	0.6%-0.5pp	1.1%-1.0pp	2.1%+0.5pp	1.5%+0.6pp	0.9%+0.1pp	0.8%+0.5pp	0.4%
Debt-to-Equity	11.83-1.1x	12.91-0.3x	13.21+13.2x	0.06+0.1x	0.00-11.1x	11.15+2.6x	8.53+8.5x	0.060.0x	0.09
FCF Margin	357.3%	157.4%	345.6%	1727.5%	223.4%	-254.1%	39.4%+18.1pp	21.3%-1.3pp	22.6%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Net Margin	340.4%	116.0%	425.8%	413.6%	374.8%	156.3%	363.8%	327.8%
Return on Equity	2.8%+1.8pp	1.0%-2.6pp	3.6%0.0pp	3.5%+0.4pp	3.1%+1.8pp	1.4%-1.9pp	3.2%+0.4pp	2.8%
Return on Assets	0.2%+0.1pp	0.1%-0.2pp	0.3%0.0pp	0.3%0.0pp	0.2%+0.1pp	0.1%-0.1pp	0.2%0.0pp	0.2%
Debt-to-Equity	11.66-0.2x	11.870.0x	11.83-0.7x	12.51-0.6x	13.10-0.5x	13.57+0.7x	12.91-0.3x	13.26
FCF Margin	-82.0%	152.5%	-391.4%	1488.0%	-849.6%	1163.4%	-68.8%	2036.9%

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin, FCF Margin.

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Where Meridian Corp Ranks

Frequently Asked Questions

What is Meridian Corp's annual revenue?

Meridian Corp (MRBK) reported $6.3M in total revenue for fiscal year 2025. This represents a 10.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Meridian Corp's revenue growing?

Meridian Corp (MRBK) revenue grew by 10.1% year-over-year, from $5.7M to $6.3M in fiscal year 2025.

Is Meridian Corp profitable?

Yes, Meridian Corp (MRBK) reported a net income of $21.8M in fiscal year 2025.

Does Meridian Corp pay dividends?

Yes, Meridian Corp (MRBK) paid $0.50 per share in dividends during fiscal year 2025.

What is Meridian Corp's return on equity (ROE)?

Meridian Corp (MRBK) has a return on equity of 10.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Meridian Corp's free cash flow?

Meridian Corp (MRBK) generated $22.6M in free cash flow during fiscal year 2025. This represents a 149.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Meridian Corp's operating cash flow?

Meridian Corp (MRBK) generated $24.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Meridian Corp's total assets?

Meridian Corp (MRBK) had $2.6B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Meridian Corp's capital expenditures?

Meridian Corp (MRBK) invested $1.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Meridian Corp have outstanding?

Meridian Corp (MRBK) had 12M shares outstanding as of fiscal year 2025.

What is Meridian Corp's debt-to-equity ratio?

Meridian Corp (MRBK) had a debt-to-equity ratio of 11.83 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Meridian Corp's return on assets (ROA)?

Meridian Corp (MRBK) had a return on assets of 0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Meridian Corp's Piotroski F-Score?

Meridian Corp (MRBK) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Meridian Corp's earnings high quality?

Meridian Corp (MRBK) has an earnings quality ratio of 1.11x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Meridian Corp?

Meridian Corp (MRBK) scores 32 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.