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

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Meridian Corp (MRBK) financial statements, including the 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 2026-05-11

Meridian’s earnings come from balance-sheet spread management rather than heavy reinvestment, with liability-funded assets doing most of the work.

From FY2023 to FY2025, operating cash flow rose from $18.9M to $24.3M while capex stayed at or below $1.8M, so free cash flow moved almost in lockstep with operating cash flow; that points to a business where cash generation depends far more on funding spreads and balance-sheet management than on replacing physical assets. Even after that improvement, liabilities still funded about 92.2% of FY2025 assets, which helps explain why ROE reached 10.9% even though ROA was only 0.9%.

Equity expanded from $158.0M in FY2023 to $199.7M in FY2025, and the reported debt-to-equity ratio eased from 13.2x to 11.8x; leverage remains central to the model, but the recent direction shows retained capital building faster than obligations.

Dividend cash outlays held near $5.6M even when free cash flow fell to $9.0M in FY2024, then coverage widened again as free cash flow recovered to $22.6M in FY2025; that pattern suggests distributions were supported by current cash generation, but with a much thinner cushion in the weaker year.

Financial Health Signals

Financial Profile 31/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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.

Growth

Meridian Corp's revenue grew 10.1% year-over-year to $6.3M, a solid pace of expansion. This earns a growth score of 55/100.

Leverage

Meridian Corp has elevated debt relative to equity (D/E of 11.83), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

100

Meridian Corp converts 357.3% of revenue into free cash flow ($22.6M). This strong cash generation earns a score of 100/100.

Returns

Meridian Corp's ROE of 10.9% shows moderate profitability relative to equity, earning a score of 33/100. This is up from 9.5% the prior year.

Piotroski F-Score Neutral

5/9

Meridian Corp passes 5 of 9 financial strength tests. 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.

EBITDA

N/A

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%

5Y CAGR-15.0%

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

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.

Cash & Debt

N/A

Dividends Per Share

$0.50

YoY+0.0%

5Y CAGR+14.9%

Meridian Corp paid $0.50 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

12M

YoY+5.2%

5Y CAGR+12.9%

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

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

345.2%

YoY+60.9pp

5Y CAGR+303.0pp

Meridian Corp's net profit margin was 345.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 60.9 percentage points from the prior year.

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.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

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.

MRBK Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$6.3M+10.1%	$5.7M+16.4%	$4.9M+4.1%	$4.7M-93.4%	$71.5M+14.2%	$62.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$51.3M+8.5%	$47.3M-0.2%	$47.4M-12.9%	$54.4M-31.1%	$78.9M+9.3%	$72.1M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$78.6M-7.5%	$85.0M+25.7%	$67.6M+263.8%	$18.6M+121.1%	$8.4M-38.4%	$13.7M
Income Tax	$6.6M+20.7%	$5.4M+46.1%	$3.7M-38.9%	$6.1M-43.2%	$10.7M+32.3%	$8.1M
Net Income	$21.8M+33.7%	$16.3M+23.5%	$13.2M-39.5%	$21.8M-38.7%	$35.6M+34.6%	$26.4M
EPS (Diluted)	$1.89+30.3%	$1.45+25.0%	$1.16-35.2%	$1.79-37.6%	$2.87-32.8%	$4.27

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$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+0.2%	$1.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$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+12.2%	$11.4M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$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+2.1%	$21.6M
Income Tax	$582K-72.4%	$2.1M+4.8%	$2.0M+18.8%	$1.7M+127.2%	$746K-62.6%	$2.0M+32.8%	$1.5M+40.9%	$1.1M
Net Income	$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+42.6%	$3.3M
EPS (Diluted)	$0.17	N/A	$0.58+18.4%	$0.49+133.3%	$0.21	N/A	$0.42+40.0%	$0.30

MRBK Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.6B+7.4%	$2.4B+6.2%	$2.2B+8.9%	$2.1B+20.4%	$1.7B-0.4%	$1.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	$27.5M-51.6%	$56.7M+47.7%	$38.4M+63.5%	$23.5M-36.1%	$36.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$899K0.0%	$899K0.0%	$899K0.0%	$899K0.0%	$899K0.0%	$899K
Total Liabilities	$2.4B+6.7%	$2.2B+6.0%	$2.1B+9.4%	$1.9B+23.3%	$1.5B-1.9%	$1.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	$8.9M	$0	N/A
Total Equity	$199.7M+16.4%	$171.5M+8.5%	$158.0M+3.1%	$153.3M-7.3%	$165.4M+16.8%	$141.6M
Retained Earnings	$128.1M+14.4%	$112.0M+10.6%	$101.2M+5.6%	$95.8M+12.8%	$84.9M+43.9%	$59.0M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$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+1.5%	$2.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	$40.0M-20.3%	$50.2M-61.8%	$131.2M+377.8%	$27.5M-15.1%	$32.3M+34.5%	$24.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$899K0.0%	$899K0.0%	$899K0.0%	$899K0.0%	$899K0.0%	$899K0.0%	$899K0.0%	$899K
Total Liabilities	$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+1.4%	$2.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$10.6M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$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+3.1%	$162.4M
Retained Earnings	$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+3.2%	$104.4M

MRBK Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$24.3M+153.2%	$9.6M-49.1%	$18.9M-77.7%	$84.7M-48.7%	$165.1M+204.2%	-$158.5M
Capital Expenditures	$1.7M+204.9%	$568K-68.8%	$1.8M-37.3%	$2.9M-45.9%	$5.4M+619.4%	$747K
Free Cash Flow	$22.6M+149.9%	$9.0M-47.0%	$17.0M-79.2%	$81.8M-48.8%	$159.7M+200.3%	-$159.2M
Investing Cash Flow	-$163.9M+0.7%	-$165.0M-0.5%	-$164.2M+58.2%	-$393.1M-179.8%	-$140.5M+62.1%	-$370.7M
Financing Cash Flow	$147.9M+17.2%	$126.2M-22.9%	$163.6M-49.4%	$323.4M+953.9%	-$37.9M-107.2%	$526.5M
Dividends Paid	$5.7M+1.3%	$5.6M-0.2%	$5.6M-48.6%	$10.9M+12.9%	$9.7M+534.7%	$1.5M
Share Buybacks	N/A	$0-100.0%	$4.3M-67.1%	$13.0M+327.5%	$3.0M-46.8%	$5.7M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$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+262.5%	-$19.2M
Capital Expenditures	$227K-42.4%	$394K-12.1%	$448K-29.0%	$631K+143.6%	$259K-25.1%	$346K+119.9%	-$1.7M-3325.9%	$54K
Free Cash Flow	$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+253.0%	-$19.3M
Investing Cash Flow	-$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-24.2%	-$34.6M
Financing Cash Flow	$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-63.4%	$54.8M
Dividends Paid	$1.7M+15.3%	$1.4M+1.6%	$1.4M+0.2%	$1.4M+0.3%	$1.4M+0.2%	$1.4M+0.5%	$1.4M0.0%	$1.4M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$0	$0	$0

MRBK Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	345.2%+60.9pp	284.2%+16.4pp	267.9%-193.3pp	461.2%+411.5pp	49.8%+7.6pp	42.2%
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%
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%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	11.83-1.1	12.91-0.3	13.21+13.2	0.06+0.1	0.00-11.1	11.15
FCF Margin	357.3%+199.8pp	157.4%-188.2pp	345.6%-1381.9pp	1727.5%+1504.2pp	223.4%+477.5pp	-254.1%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	116.0%-309.8pp	425.8%+12.2pp	413.6%+38.8pp	374.8%+218.5pp	156.3%-207.5pp	363.8%+36.0pp	327.8%+97.4pp	230.3%
Return on Equity	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%+0.8pp	2.1%
Return on Assets	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%+0.1pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	11.87+0.0	11.83-0.7	12.51-0.6	13.10-0.5	13.57+0.7	12.91-0.3	13.26-0.2	13.48
FCF Margin	152.5%+543.9pp	-391.4%-1879.4pp	1488.0%+2337.6pp	-849.6%-2013.0pp	1163.4%+1232.2pp	-68.8%-2105.7pp	2036.9%+3370.9pp	-1334.0%

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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, with a net profit margin of 345.2%.

What is Meridian Corp's net profit margin?

Meridian Corp (MRBK) had a net profit margin of 345.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

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 9, indicating neutral financial health. 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 31 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.