For the quarter ending 2025-09-30, MRBK made $94,842K in revenue. $6,659K in net income. Net profit margin of 7.02%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|
| Loans and other finance receivables, including fees | 40,477 | 38,697 | 38,103 | 36,486 |
| Securities - taxable | 1,895 | 1,792 | 1,480 | 1,324 |
| Securities - tax-exempt | 325 | 295 | 320 | 324 |
| Cash and cash equivalents | 412 | 427 | 416 | 331 |
| Total interest income | 43,109 | 41,211 | 40,319 | 38,465 |
| Deposits | 17,418 | 17,301 | 19,313 | 18,991 |
| Borrowings and subordinated debentures | 2,575 | 2,751 | 2,764 | 2,628 |
| Total interest expense | 19,993 | 20,052 | 22,077 | 21,619 |
| Net interest income | 23,116 | 21,159 | 18,242 | 16,846 |
| Provision for credit losses | 2,850 | 3,803 | 2,282 | 2,680 |
| Net interest income after provision for credit losses | 20,266 | 17,356 | 15,960 | 14,166 |
| Net loss on sale of investment securities available-for-sale | - | - | -57 | - |
| Mortgage banking income | 5,914 | 5,762 | 6,474 | 5,420 |
| Wealth management income | 1,610 | 1,492 | 1,447 | 1,444 |
| Sba loan income | 1,431 | 1,988 | 544 | 785 |
| Earnings on investment in life insurance | 246 | 240 | 222 | 215 |
| Net gain on sale of msrs | 0 | 467 | - | - |
| Net change in the fair value of derivative instruments | 129 | -102 | -102 | 203 |
| Net change in the fair value of loans held-for-sale | -75 | 171 | 169 | -29 |
| Net change in the fair value of loans held-for-investment | 213 | 190 | 965 | -24 |
| Net (loss) gain on hedging activity | -166 | 16 | -197 | -63 |
| Other | 651 | 1,064 | 1,366 | 1,293 |
| Total non-interest income | 9,953 | 11,288 | 10,831 | 9,244 |
| Salaries and employee benefits | 13,613 | 13,179 | 12,829 | 11,437 |
| Occupancy and equipment | 991 | 1,037 | 1,243 | 1,230 |
| Professional fees | 1,092 | 1,164 | 1,106 | 1,029 |
| Data processing and software | 1,865 | 1,706 | 1,553 | 1,506 |
| Advertising and promotion | 877 | 1,277 | 717 | 989 |
| Pennsylvania bank shares tax | 254 | 269 | 181 | 274 |
| Other | 2,854 | 2,725 | 2,917 | 2,553 |
| Total non-interest expense | 21,546 | 21,357 | 20,546 | 19,018 |
| Income before income taxes | 8,673 | 7,287 | 6,245 | 4,392 |
| Income tax expense | 2,014 | 1,695 | 1,502 | 1,066 |
| Net income | 6,659 | 5,592 | 4,743 | 3,326 |
| Basic earnings per common share (in dollars per share) | 0.59 | 0.5 | 0.43 | 0.3 |
| Basic weighted average shares outstanding (in shares) | 11,325,000 | 11,228,000 | 11,110,000 | 11,096,000 |
| Diluted earnings per common share (in dollars per share) | 0.58 | 0.49 | 0.42 | 0.3 |
| Diluted weighted average shares outstanding (in shares) | 11,540,000 | 11,392,000 | 11,234,000 | 11,150,000 |
Meridian Corp (MRBK)
Meridian Corp (MRBK)