Meridian Bank (MRBK) Misses Q1 Earnings and Revenue Estimates

Company Performance - Meridian Bank reported quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.33 per share, and down from $0.24 per share a year ago, representing an earnings surprise of -36.36% [1] - The bank posted revenues of $27.1 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 4.24%, compared to year-ago revenues of $24.59 million [2] - Over the last four quarters, the company has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Meridian Bank shares have increased by approximately 3.4% since the beginning of the year, contrasting with the S&P 500's decline of -6.8% [3] - The current consensus EPS estimate for the upcoming quarter is $0.44, with expected revenues of $30.32 million, and for the current fiscal year, the EPS estimate is $1.72 on revenues of $121.52 million [7] Industry Outlook - The Zacks Industry Rank for Banks - Northeast is currently in the top 26% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that the industry outlook can significantly impact stock performance [5][8]