MRBK News and Press, Meridian Corporation From 05/03/22

Meridian Bank press release (NASDAQ:MRBK): Q1 GAAP EPS of $0.88 misses by $0.11. Revenue of $29.14M (-30.9% Y/Y) misses by $2.92M. For further details see: Meridian Bank GAAP EPS of $0.88 misses by $0.11, revenue of $29.14M misses by $2.92M

MALVERN, Pa., May 02, 2022 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported: Christopher J. Annas, Chairman and CEO commented “Meridian’s first quarter revenue of $31.1 million generated earnings of $5.5 million, or $0.88 per diluted share. The soli...

The normalization of mortgage refinancing activity amid a rising interest rate environment will lead to an earnings decline. Economic recovery will likely be the chief driver of loan growth this year. The December 2022 target price suggests a small upside from the current market p...

MALVERN, Pa., Jan. 31, 2022 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported: Christopher J. Annas, Chairman and CEO commented “Meridian’s fourth quarter revenue of $35.3 million generated earnings of $7.7 million, or $1.24 per diluted share. Year-t...

BALTIMORE, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Meridian Bank has been named the “Top Winner” in The Maryland Daily Record’s 2021 Reader Rankings Awards in the Best Mortgage Lender category. With more than 3,600 company nominations and 20,000 votes, the Reader Ranking Awar...

Meridian Bank (NASDAQ:MRBK): Q3 GAAP EPS of $1.52 beats by $0.38. Revenue of $38.38M (-8.1% Y/Y) beats by $2.44M. Press Release For further details see: Meridian Bank EPS beats by $0.38, beats on revenue

MALVERN, Pa., Nov. 01, 2021 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported: Christopher J. Annas, Chairman and CEO commented “Meridian’s third quarter revenue of $40.4 million generated earnings of $9.4 million, or $1.52 per diluted share. Year-to...

MALVERN, Pa., Oct. 05, 2021 (GLOBE NEWSWIRE) -- For the second year in a row Meridian Bank has earned a spot on Piper Sandler’s “Sm-All Stars,” its list of top performing U.S. small-cap banks. Piper Sandler, a leading middle-market investment bank and institutional secu...

The impending normalization of mortgage banking income will reduce earnings in the coming quarters. Loans will likely continue to grow strongly on the back of the economic recovery in Meridian’s markets. Next year’s target price is quite close to the current market p...

MALVERN, Pa., Aug. 30, 2021 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) announced today that its Board of Directors authorized an increase in its $6 million repurchase plan adopted on April 22, 2021, to repurchase up to $20 million of its outstanding common stock over a two-year...