Meridian Corporation (MRBK) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MRBK SEC filings page.
Meridian Corporation (MRBK) reported $130.2M in revenue over the twelve months to Jun 30, 2026, up 7.4% 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).
Meridian earns cash from a liability-funded balance sheet, while recent profit recovery has not yet produced strong asset returns.
Net income recovered to$21.8M by FY2025 from the FY2023 trough, while ROA remained below1.0% . That pairing suggests balance-sheet growth is absorbing much of the earnings recovery instead of translating it into proportionately higher returns.
FY2025 operating cash flow of
FY2025 liabilities of
Financial Health Signals
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 Corporation'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.
Meridian Corporation earned a return on assets of 0.9% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is up from 0.7% the prior year. Earnings ranks banks on that return over three years, and Meridian Corporation scores 39/100 among other banks.
Meridian Corporation reported revenue of $126.9M in fiscal year 2025, against $112.3M in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Meridian Corporation scores 65/100 among other banks.
Meridian Corporation funded 7.8% of its assets with shareholders' equity at the end of fiscal year 2025, holding $199.7M of equity against $2.6B of assets. Capital ranks banks on that cushion, and Meridian Corporation scores 7/100 among other banks.
Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. Meridian Corporation scores 33/100 on it among other banks.
Credit Quality measures the money a bank set aside for loans it expects to go bad, against the size of the loan book it set that money aside for. Meridian Corporation scores 11/100 on it among other banks.
Meridian Corporation reported net income of $21.8M in fiscal year 2025, against $16.3M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Meridian Corporation scores 41/100 among other banks.
Meridian Corporation 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.
For every $1 of reported earnings, Meridian Corporation 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
Earnings & Revenue
Meridian Corporation generated $32.7M in revenue in Q2 2026. This represents an increase of 0.7% from the same quarter a year earlier. Against the prior quarter it is up 8.1%.
Meridian Corporation reported $5.8M in net income in Q2 2026. This represents an increase of 3.8% from the same quarter a year earlier. Against the prior quarter it is up 189.5%.
Meridian Corporation earned $0.48 per diluted share (EPS) in Q2 2026. This represents a decrease of 2.0% from the same quarter a year earlier. Against the prior quarter it is up 182.4%.
Not reported for Q2 2026.
Cash & Balance Sheet
Meridian Corporation recorded an outflow of $1.4M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents an increase of 89.0% from the same quarter a year earlier. Against the prior quarter it is down 153.1%.
Meridian Corporation paid $0.14 per share in dividends in Q2 2026. This represents an increase of 12.0% from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q2 2026.
Margins & Returns
Meridian Corporation's net profit margin was 17.8% in Q2 2026, showing the share of revenue converted to profit. This is up 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.1 percentage points.
Meridian Corporation's ROE was 2.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.8 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Meridian Corporation invested $469K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 25.7% from the same quarter a year earlier. Against the prior quarter it is up 106.6%.
Not reported for Q2 2026.
Not reported for Q2 2026.
MRBK Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $32.7M+0.7% | $30.2M+11.6% | $34.2M+5.1% | $33.1M+13.7% | $32.4M+24.4% | $27.1M+10.2% | $32.6M+30.0% | $29.1M+14.9% |
| SG&A Expenses | $13.2M+0.1% | $12.4M+8.8% | $13.1M+5.4% | $13.6M+6.1% | $13.2M+15.2% | $11.4M+7.7% | $12.4M+5.8% | $12.8M+3.3% |
| Interest Expense | $18.0M-10.3% | $17.5M-9.7% | $19.2M-7.4% | $20.0M-9.4% | $20.1M-7.2% | $19.4M-5.9% | $20.7M+6.8% | $22.1M+21.1% |
| Income Tax | $1.7M-1.4% | $582K-22.0% | $2.1M+5.8% | $2.0M+34.1% | $1.7M+59.0% | $746K-14.9% | $2.0M+1178.8% | $1.5M+24.6% |
| Net Income | $5.8M+3.8% | $2.0M-16.4% | $7.2M+28.7% | $6.7M+40.4% | $5.6M+68.1% | $2.4M-10.4% | $5.6M+950.1% | $4.7M+18.4% |
| EPS (Basic) | $0.49-2.0% | $0.17-19.0% | $0.63+26.0% | $0.59+37.2% | $0.50+66.7% | $0.21-12.5% | $0.50+900.0% | $0.43+19.4% |
| EPS (Diluted) | $0.48-2.0% | $0.17-19.0% | $0.61+24.5% | $0.58+38.1% | $0.49+63.3% | $0.21-12.5% | $0.49+880.0% | $0.42+20.0% |
| Diluted Shares (Avg) | 12M+6.9% | 12M+6.2% | N/A | 12M+2.7% | 11M+2.2% | 11M+2.2% | N/A | 11M-1.1% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
MRBK Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.6B+3.3% | $2.6B+1.9% | $2.6B+7.4% | $2.5B+6.4% | $2.5B+6.8% | $2.5B+10.3% | $2.4B+6.2% | $2.4B+7.0% |
| Cash & Equivalents | N/A | N/A | N/A | $40.0M+23.6% | $50.2M+108.6% | $131.2M+469.9% | $27.5M-51.6% | $32.3M-45.9% |
| Short-Term Investments | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $899K0.0% | $899K0.0% | $899K0.0% | $899K0.0% | $899K0.0% | $899K0.0% | $899K0.0% | $899K0.0% |
| Total Liabilities | $2.4B+2.4% | $2.4B+0.9% | $2.4B+6.7% | $2.4B+6.0% | $2.3B+6.6% | $2.4B+10.4% | $2.2B+6.0% | $2.2B+7.0% |
| Total Equity | $204.8M+15.0% | $200.2M+15.4% | $199.7M+16.4% | $188.0M+12.3% | $178.0M+9.6% | $173.6M+8.5% | $171.5M+8.5% | $167.4M+8.0% |
| Retained Earnings | $132.6M+13.2% | $128.5M+13.7% | $128.1M+14.4% | $122.4M+13.6% | $117.1M+12.2% | $113.0M+10.2% | $112.0M+10.6% | $107.8M+5.6% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$930K+92.3% | $2.9M-84.2% | -$6.2M-777.6% | $24.4M-21.8% | -$12.0M+37.3% | $18.1M+1162.0% | -$704K-108.9% | $31.2M+38.5% |
| Stock-Based Compensation | N/A | -$32K-127.1% | N/A | N/A | N/A | $118K-16.9% | N/A | N/A |
| Capital Expenditures | $469K-25.7% | $227K-12.4% | $394K+13.9% | $448K-74.3% | $631K+1068.5% | $259K-86.4% | $346K-53.4% | -$1.7M+263.7% |
| Free Cash Flow | -$1.4M+89.0% | $2.6M-85.2% | -$6.6M-525.9% | $24.0M-18.7% | -$12.7M+34.2% | $17.9M+593.9% | -$1.1M-114.7% | $29.5M+33.6% |
| Investing Cash Flow | -$1.3M+97.3% | -$24.5M+52.8% | -$8.1M+7.0% | -$55.3M-28.6% | -$48.7M-40.8% | -$51.8M+34.2% | -$8.7M+58.9% | -$43.0M-56.4% |
| Financing Cash Flow | $10.2M+150.2% | $14.1M-89.8% | $10.0M+123.0% | $20.7M+3.2% | -$20.3M-137.0% | $137.5M+194.0% | $4.5M-55.9% | $20.0M+12.4% |
| Dividends Paid | $1.7M+17.9% | $1.7M+17.8% | $1.4M+2.3% | $1.4M+1.2% | $1.4M+1.0% | $1.4M+0.6% | $1.4M+0.6% | $1.4M0.0% |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0-100.0% |
Not reported in any period shown, so not listed: Depreciation & Amortization.
MRBK Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 17.8%+0.5pp | 6.6%-2.2pp | 20.9%+3.8pp | 20.1%+3.8pp | 17.2%+4.5pp | 8.8%-2.0pp | 17.1%+14.9pp | 16.3%+0.5pp |
| Return on Equity | 2.8%-0.3pp | 1.0%-0.4pp | 3.6%+0.3pp | 3.5%+0.7pp | 3.1%+1.1pp | 1.4%-0.3pp | 3.2%+2.9pp | 2.8%+0.2pp |
| Return on Assets | 0.2%0.0pp | 0.1%0.0pp | 0.3%+0.1pp | 0.3%+0.1pp | 0.2%+0.1pp | 0.1%0.0pp | 0.2%+0.2pp | 0.2%0.0pp |
| Debt-to-Equity | 11.66-1.4x | 11.87-1.7x | 11.83-1.1x | 12.51-0.7x | 13.10-0.4x | 13.57+0.2x | 12.91-0.3x | 13.26-0.1x |
| Asset Turnover | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x |
| FCF Margin | -4.3%+34.8pp | 8.7%-57.2pp | -19.2%-16.0pp | 72.4% | -39.1%+34.8pp | 65.9%+80.6pp | -3.2%-31.6pp | 101.4% |
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: FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Meridian Corporation MRBK | FY2025 | $126.9M | $21.8M | 17.2% | $220.0M | 33/100 |
| MainStreet Bancshares, Inc. MNSB | FY2025 | $135.6M | $15.6M | 11.5% | $175.6M | 49/100 |
| United Security Bancshares UBFO | FY2025 | $53.9M | $12.3M | 22.8% | $185.0M | 48/100 |
| Eagle Financial Services Inc EFSI | FY2025 | $69.5M | $8.2M | 11.8% | $247.4M | 26/100 |
| National Bankshares Inc/VA NKSH | FY2025 | $55.6M | $15.8M | 28.5% | $275.2M | 50/100 |
Where Meridian Corporation Ranks
Frequently Asked Questions
What is Meridian Corporation's annual revenue?
Meridian Corporation (MRBK) reported $126.9M in total revenue for fiscal year 2025. This represents a 12.9% 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 Corporation's revenue growing?
Meridian Corporation (MRBK) revenue grew by 12.9% year-over-year, from $112.3M to $126.9M in fiscal year 2025.
Is Meridian Corporation profitable?
Yes, Meridian Corporation (MRBK) reported a net income of $21.8M in fiscal year 2025, with a net profit margin of 17.2%.
What is Meridian Corporation's net profit margin?
Meridian Corporation (MRBK) had a net profit margin of 17.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Meridian Corporation pay dividends?
Yes, Meridian Corporation (MRBK) paid $0.50 per share in dividends during fiscal year 2025.
What is Meridian Corporation's return on equity (ROE)?
Meridian Corporation (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 Corporation's free cash flow?
Meridian Corporation (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 Corporation's operating cash flow?
Meridian Corporation (MRBK) generated $24.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Meridian Corporation's total assets?
Meridian Corporation (MRBK) had $2.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Meridian Corporation's capital expenditures?
Meridian Corporation (MRBK) invested $1.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Meridian Corporation's debt-to-equity ratio?
Meridian Corporation (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 Corporation's return on assets (ROA)?
Meridian Corporation (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 Corporation's P/E ratio?
Meridian Corporation (MRBK) trades at 10.2x earnings, its market capitalization divided by net income of $21.6M net income, trailing 12 months to June 30, 2026. The market capitalization is $220.0M as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Meridian Corporation's price-to-sales ratio?
Meridian Corporation (MRBK) trades at 1.7x sales, its market capitalization divided by revenue of $130.2M revenue, trailing 12 months to June 30, 2026. The market capitalization is $220.0M as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Meridian Corporation's Piotroski F-Score?
Meridian Corporation (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 Corporation's earnings high quality?
Meridian Corporation (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 Corporation?
Meridian Corporation (MRBK) scores 33 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.