Meridian Corp income statement
In fiscal 2025, Meridian Corp reported revenue of $127m, up 12.9% on the year before and net income of $21.8m, or $1.89 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 66 | 65 | 69 | 136 | 151 | 112 | 101 | 112 | 127 | 130 |
| Interest expense | 7 | 11 | 17 | 14 | 8 | 19 | 68 | — | — | — |
| Net interest income | 29 | 33 | 36 | 49 | 63 | 70 | 69 | 71 | 88 | 93 |
| Non-interest income | 37 | 32 | 33 | 87 | 88 | 42 | 32 | 41 | 39 | 37 |
| Non-interest expense | 58 | 53 | 55 | 93 | 104 | 81 | 77 | 79 | 83 | 86 |
| Provision for credit losses | 0 | 0 | 0 | 3 | 3 | 2 | 7 | 11 | 15 | 17 |
| Income before tax | 6 | 10 | 14 | 35 | 46 | 28 | 17 | 22 | 28 | 28 |
| Income tax | 3 | 2 | 3 | 8 | 11 | 6 | 4 | 5 | 7 | 6 |
| Net income | 3 | 8 | 10 | 26 | 36 | 22 | 13 | 16 | 22 | 22 |
| Diluted EPS | $0.24 | $0.64 | $0.81 | $1.07 | $2.87 | $1.79 | $1.16 | $1.45 | $1.89 | $1.82 |
| Diluted shares (average) | 8m | 13m | 13m | 12m | 12m | 12m | 11m | 11m | 12m | 12m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 29 | 33 | 27 | 32 | 33 | 34 | 30 | 33 |
| Net interest income | 18 | 19 | 20 | 21 | 23 | 24 | 23 | 23 |
| Non-interest income | 11 | 13 | 7 | 11 | 10 | 11 | 7 | 10 |
| Non-interest expense | 21 | 21 | 19 | 21 | 22 | 22 | 20 | 22 |
| Provision for credit losses | 2 | 4 | 5 | 4 | 3 | 3 | 7 | 3 |
| Income before tax | 6 | 8 | 3 | 7 | 9 | 9 | 3 | 7 |
| Income tax | 2 | 2 | 1 | 2 | 2 | 2 | 1 | 2 |
| Net income | 5 | 6 | 2 | 6 | 7 | 7 | 2 | 6 |
| Diluted EPS | $0.42 | $0.49 | $0.21 | $0.49 | $0.58 | $0.61 | $0.17 | $0.48 |
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