Financial Performance - The company reported a fourth quarter net income of $5.6 million, an increase of 18.1% from the previous quarter, translating to $0.49 per diluted share [1][4][8] - For the full year, net income rose 23.4% to $16.3 million, or $1.45 per diluted share [1][4] - Pre-tax, pre-provision income for the fourth quarter was $11.2 million, and $33.2 million for the year [4] Loan and Deposit Growth - Loan growth for 2024 was exceptional at 12%, with contributions from commercial real estate, commercial and industrial (C&I), and Small Business Administration (SBA) lending [2] - Total deposits increased by $26.4 million, or 1%, quarter-over-quarter, and by $181.9 million, or 10%, year-over-year [21] Non-Interest Income - Non-interest income increased by $2.4 million, or 22.6%, quarter-over-quarter, driven by a $4.0 million gain on the sale of mortgage servicing rights [17] - SBA loan income saw a significant increase of 110.1%, reflecting higher levels of SBA loan sales [17] Non-Interest Expense - Total non-interest expense rose by $865 thousand, or 4.2%, primarily due to increased occupancy and equipment costs related to the early termination of a lease [18] - Salaries and employee benefits decreased by $400 thousand, while advertising and promotion expenses increased by 17% [18] Asset Quality - Non-performing loans decreased slightly to $45.1 million, resulting in a ratio of non-performing loans to total loans of 2.19% [23] - The company experienced net charge-offs of 0.34% of total average loans, up from 0.11% in the previous quarter, with total charge-offs reaching $7.1 million [24] Balance Sheet Highlights - Total assets remained stable at approximately $2.4 billion, with a slight decrease of $1.9 million from the previous quarter [19] - Stockholders' equity increased by $4.1 million to $171.5 million as of December 31, 2024 [22] Regulatory Environment - The company expressed optimism regarding the new administration's potential to reduce regulatory burdens, which could enhance operational efficiency and shareholder returns [6]

Company Overview - Meridian Bank (MRBK) is expected to report a year-over-year increase in earnings, with a projected EPS of $0.34, reflecting a significant change of +580% [3] - Revenues are anticipated to reach $26.74 million, which is a 6.7% increase from the previous year [3] Earnings Expectations - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4] - The Earnings ESP for Meridian Bank is -7.46%, suggesting a bearish outlook from analysts regarding the company's earnings prospects [10] Historical Performance - In the last reported quarter, Meridian Bank exceeded the expected EPS of $0.35 by delivering $0.42, resulting in a surprise of +20% [12] - Over the past four quarters, the company has beaten consensus EPS estimates two times [13] Comparative Analysis - First Mid Bancshares (FMBH), another player in the Zacks Banks - Northeast industry, is expected to report an EPS of $0.82, which represents a year-over-year decline of -12.8% [17] - FMBH's revenues are projected to be $81.65 million, up 3.1% from the previous year [17] - The consensus EPS estimate for FMBH has been revised up by 0.7% over the last 30 days, but it currently has an Earnings ESP of -2.74% [18]

Core Viewpoint - The article highlights Meridian Bank (MRBK) as a strong value investment opportunity, supported by various valuation metrics indicating it is currently undervalued compared to its industry peers [4][5][6][7][8]. Valuation Metrics - MRBK has a P/E ratio of 9.58, significantly lower than the industry average of 12.58, indicating potential undervaluation [4]. - The P/B ratio for MRBK stands at 1.14, compared to the industry average of 1.40, suggesting a favorable valuation [5]. - MRBK's P/S ratio is 1.02, while the industry average is 2, further supporting the notion of undervaluation [6]. - The P/CF ratio for MRBK is 11.05, which is attractive compared to the industry's average of 26.38, indicating a solid cash outlook [7]. Investment Outlook - Given the strength of its earnings outlook and the favorable valuation metrics, MRBK is positioned as one of the market's strongest value stocks [8].

Core Viewpoint - Meridian Bank (MRBK) is currently considered a strong value stock due to its favorable valuation metrics and earnings outlook [4][8]. Valuation Metrics - MRBK has a Forward P/E ratio of 8.06, significantly lower than the industry average of 12.42, indicating potential undervaluation [4]. - The P/B ratio for MRBK is 0.98, compared to the industry's average of 1.46, suggesting that the stock is trading below its book value [5]. - MRBK's P/S ratio stands at 0.85, while the industry average is 1.94, further supporting the notion of undervaluation [6]. - The P/CF ratio for MRBK is 8.84, in contrast to the industry's average of 27.97, highlighting a solid cash flow outlook [7]. Investment Outlook - Given the combination of MRBK's strong earnings outlook and its attractive valuation metrics, it is positioned as a compelling investment opportunity for value investors [8].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 000-55983 (Exact name of registrant as specified in its charter) Pennsylvania 83-156191 ...

Core Viewpoint - Wall Street anticipates flat earnings for Meridian Bank in the upcoming quarter, with a consensus EPS estimate of $0.35, unchanged from the previous year, while revenues are expected to rise by 5% to $26.57 million [2][6]. Group 1: Earnings Estimates - The consensus EPS estimate for Meridian Bank has remained unchanged over the last 30 days, indicating stability in analyst expectations [3]. - Meridian Bank's Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +2.86%, suggesting a bullish outlook from analysts [6][7]. Group 2: Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [5]. - Meridian Bank currently holds a Zacks Rank of 2, reinforcing the likelihood of beating the consensus EPS estimate [7]. Group 3: Historical Performance - In the last reported quarter, Meridian Bank was expected to post earnings of $0.32 per share but delivered only $0.30, resulting in a surprise of -6.25% [8]. - Over the past four quarters, Meridian Bank has only beaten consensus EPS estimates once, indicating a mixed historical performance [8]. Group 4: Market Context - The Bancorp, a peer in the Zacks Banks - Northeast industry, is expected to report earnings of $1.12 per share, reflecting a year-over-year increase of +21.7%, with revenues projected to rise by 13.6% to $131.34 million [10]. - The Bancorp's recent EPS estimate has been revised down by 2.5%, and it currently has an Earnings ESP of 0.00% combined with a Zacks Rank of 4 (Sell), making it difficult to predict an earnings beat [10].

Group 1 - Meridian Corporation (NASDAQ: MRBK) is expected to see a significant increase in earnings due to anticipated interest rate cuts, which will enhance mortgage banking income [1] - Healthy loan growth is projected to further support the company's bottom line [1] - Earnings growth is forecasted at 16%, reaching $1.35 per share [1]

Partnership aims to improve access to doula care and address the cultural needs of Medicaid members during pregnancy and postpartum DETROIT, Sept. 19, 2024 /PRNewswire/ -- Meridian, a leading managed care organization in the state of Michigan and a Centene Corporation company (NYSE: CNC), has partnered with Mae, a culturally responsive digital solution built to address the specific clinical, social and cultural needs of underserved expectant mothers, to provide supplementary support for the maternal health ...

9 c MERIDIAN CORPORATION AND SUBSIDIARIES APPENDIX: NON-GAAP MEASURES (Unaudited) (Dollar amounts and shares in thousands, except per share amounts) Meridian believes that non-GAAP measures are meaningful because they reflect adjustments commonly made by management, investors, regulators and analysts. The non-GAAP disclosure have limitations as an analytical tool, should not be viewed as a substitute for performance and financial condition measures determined in accordance with GAAP, and should not be consi ...

Meridian Bank, which belongs to the Zacks Banks - Northeast industry, posted revenues of $26.09 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 2.03%. This compares to year-ago revenues of $26.22 million. The company has topped consensus revenue estimates three times over the last four quarters. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely ...