Start here if you're new
what it is
Meridian is a community bank that takes deposits, makes loans, and sells treasury, payments, and wealth services.
how it gets paid
Last year Meridian made $6M in revenue.
why it's growing
Revenue grew 10.1% last year. EDGAR shows Revenue rose 188% vs. prior year to $5 million.
what just happened
Revenue hit $5M and EPS reached $1.28, both well ahead of the year-ago quarter.
At a glance
B balance sheet — gets the job done, barely
50/100 earnings predictability — expect surprises
10.4x trailing p/e — the market's not buying it — or you found a deal
3.0% dividend yield — cash in your pocket every quarter
$1.89 fy2025 eps est
xvary composite: 54/100 — below average
What they do
Meridian is a community bank that takes deposits, makes loans, and sells treasury, payments, and wealth services.
This is a local bank, but not a tiny one. Meridian had $2.2 billion in deposits and $198.1 million in equity at year-end 2025, which gives it real balance-sheet weight in the Delaware Valley. If you run a business there, your deposits, loans, treasury tools, and payments can sit in one place, and leaving gets annoying fast.
How they make money
$6M
annual revenue · their business grew +10.1% last year
total revenue
$6M
+10.1%
The products that matter
commercial banking and lending
Commercial Banking
$2.2B deposits · core franchise
this is the center of gravity. the $2.2B deposit base funds lending activity and supports most of the $112M revenue base.
funding engine
consumer deposits and loans
Consumer Banking
$226M securities portfolio support
this side helps with funding stability and balance-sheet flexibility, but the disclosed numbers here are still clearly smaller than the commercial engine.
secondary support
fee and other banking income
Non-interest Income
$16M · 14% of revenue
this $16M slice is the part that should soften spread pressure. It helps. It does not change the fact that MRBK is still mostly a net-interest-income story.
limited diversification
Key numbers
10.4x
trailing p/e
P/E → price-to-earnings → what you pay for each dollar of profit. At 10.4x, you are paying less than many banks for a business expected to earn $1.89 this year.
$2.2B
deposits
Deposits are the bank's funding base. $2.2 billion against a $221 million market cap is the kind of scale gap that makes this stock look small.
3.0%
dividend yield
Dividend yield → cash paid to shareholders each year as a share of the stock price → you get paid while you wait.
$50M
long-term debt
Long-term debt equals 18% of capital, which looks manageable for a bank this size but still matters if funding costs stay high.
Financial health
B
strength
- balance sheet grade B — adequate — nothing special
- risk rank 3 — safer than 50% of stocks
- price stability 55 / 100
- long-term debt $50M (18% of capital)
B — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for MRBK right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Revenue hit $5M and EPS reached $1.28, both well ahead of the year-ago quarter.
EDGAR shows quarterly revenue rose 188% vs. prior year to $5 million, while EPS jumped 121% to $1.28. That is a sharp contrast with full-year 2024 EPS of $1.45, which tells you the recent run-rate improved fast.
$5M
revenue
$1.28
eps
188%
revenue growth
the number that mattered
$1.28 EPS matters most because it is about 68% of the full-year 2025 estimate of $1.89 in one quarter.
source: company earnings report, 2026
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What could go wrong
the top risk is the pending merger vote disclosed in the Feb. 6, 2026 proxy filing.
high
merger vote risk
A shareholder vote tied to the proposed merger is now part of the investment case. This is not background noise. It is one of the main reasons the stock looks different in 2026 than it did in 2025.
If the vote fails, the strategic catalyst disappears and the market falls back on standalone earnings, deposits, and valuation.
med
near-term earnings reset
Consensus expects Q1 2026 EPS of $0.44, down 27% from the comparable quarter. When the next estimate is that much lower, even a 10.4x p/e stops looking obviously cheap.
A miss would strengthen the case that recent profitability was a peak, not a base.
med
revenue concentration in spread income
$96M of the $112M revenue base comes from net interest income. That's 86% of the business tied to the spread between asset yields and funding costs.
If deposit costs stay high or loan yields soften, most of the income statement feels it at once.
med
small scale means limited room for error
MRBK has a $221M market cap, $112M in revenue, and 327 employees. That's enough scale to operate. It's not enough scale to absorb multiple mistakes without the market noticing.
When a small bank hits a bump, you usually see it fast in earnings, valuation, or both.
The risk picture is not abstract: one merger vote, one consensus EPS drop to $0.44, and 86% of revenue tied to spread income. That's a lot resting on a narrow base.
source: institutional data · regulatory filings · risk analysis
Pay attention to
calendar
Q1 2026 earnings report
Due May 5, 2026. Consensus sits at $0.44 EPS, down 27% from the comparable quarter. That's the first clean test of whether the recent beat meant anything.
catalyst
2026 annual shareholder meeting
Date still to be announced. It includes the merger vote described in the Feb. 2026 proxy filing. If you own the stock, that meeting matters as much as the next quarter.
metric
net interest income dependency
$96M of $112M revenue comes from net interest income. If that share stays this high, spread pressure stays the main earnings risk.
street view
consensus target versus current price
Two analysts rate MRBK a buy with a $22 target. That is only a modest gap from $19.61. The street likes it. The upside case is not exactly shouting.
Analyst rankings
earnings predictability
50 / 100
middle of the pack. in human-speak, analysts do not see MRBK's earnings stream as especially easy to model.
street rating snapshot
2 buy ratings
The street is constructive, but the published target is $22 versus a $19.61 stock. That's support, not a dramatic disconnect.
source: institutional data
Institutional activity
institutional ownership data for MRBK is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$20
current price
n/a
target midpoint · n/a from current
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