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Meridian Bank (NASDAQ:MRBK)
12.65 USD
0.000 0.000%Sponsored Reports
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| Previous Close (in USD) | 12.65 |
|---|---|
| Change | 0.000 0.000% |
| 52 W H/L (in USD) | 13.867/8.142 |
| EBITDA (in USD) | -- |
| PE Ratio | 9.42 |
| Volume | 6132 |
| Diluted Eps TTM | 1.06 |
| Total Assets (in USD) | 2251.597M |
|---|---|
| Total Liabilities (in USD) | 2093.575M |
| Revenue TTM (in USD) | 92.903M |
| Cash (in USD) | 56.697M |
| Market Cap (in USD) | 111.631 M |
| Revenue Per Share TTM | 8.393 |
| Gross Profit TTM (in USD) | 109.364M |
Summary
Income Statement
Balance Sheet
Change in Cash
Operating Cash
Dividend Paid
Meridian Bank
Meridian Corporation operates as the holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, Florida, and Maryland. The company offers various deposit products, such as demand non-interest bearing, demand interest bearing, savings accounts, money market accounts, and time deposits. It also provides commercial and industrial loans comprising business lines of credit, term loans, small business lending, lease financing, shared national credits, and other financing; commercial real estate, and land development and construction loans for residential and commercial projects; and consumer and home equity lending, private banking, merchant, and title and land settlement services. In addition, the company operates and originates mortgage loans for 1-4 family dwellings; and offers real estate holding, investment advisory, and equipment leasing services, as well as financial planning and wealth management services. Meridian Corporation was incorporated in 2004 and is headquartered in Malvern, Pennsylvania.
9 Old Lincoln Highway, Malvern, PA, United States, 19355
484 568 5000
Employees: 324
Key Executives
| Sr. No. | Name | Title | Year Born |
|---|---|---|---|
| 1. | Mr. Christopher J. Annas | Founder, Chairman, Pres & CEO | 1956 |
| 2. | Ms. Denise Lindsay | Exec. VP, CFO & Director | 1967 |
| 3. | Mr. Michael Joseph Curry | Counsel & Corp. Sec. | NA |
| 4. | Mr. James D. Nelsen | Sr. Credit Officer | NA |
| 5. | Mr. Edward Joseph Carpoletti | Sr. VP of Wealth Management | NA |
| 6. | Thomas J. Campbell | Sr. VP of Mortgage Lending | NA |
| 7. | Mr. Clarence Martindell | Exec. VP of Commercial Real Estate Lending | NA |
| 8. | Ms. Mary Ann Messmer | Sr. VP of Private Banking | 1955 |
| 9. | Mr. David Fitzell | Sr. VP of Mortgage Lending | NA |
| 10. | Mr. Joseph Pucci | Pres of Meridian Equipment Fin. | NA |
Peers
Sector: Financial Services
Industry: Banks - Regional
| Company | Change (USD) | Price (USD) | Trailing PE(x) | Forward PE(x) | Price Sales TTM(x) | Price to Book Value(x) | Enterprise Value to Revenue(x) | Enterprise Value to EBITDA(x) |
|
HDB
HDFC Bank Limited ADR |
+0.930 1.258% | 74.25 | 20.810 | 20.964 | 0.108 | 4.772 | 0.000 | 0.000 |
|
CIHKY
China Merchants Bank Co Ltd |
+1.500 4.565% | 34.2 | 6.610 | 5.682 | 0.476 | 0.766 | 3.426 | 0.000 |
|
CIHHF
China Merchants Bank Co Ltd Class H |
0.000 0.000% | 6.5 | 6.100 | 5.672 | 0.439 | 0.765 | 3.426 | 0.000 |
|
IBN
ICICI Bank Limited |
+0.285 0.862% | 33.33 | 17.790 | 16.949 | 0.066 | 3.082 | 0.000 | 0.000 |
Income Statement
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Income Before Tax | 27.919M | 46.302M | 34.536M | 13.514M | 10.49M |
| Minority Interest | - | - | - | - | - |
| Net Income | 21.828M | 35.585M | 26.438M | 10.481M | 8.163M |
| Selling General Administrative | 54.378M | 78.866M | 72.147M | 35.832M | 35.348M |
| Gross Profit | 111.852M | 151.099M | 134.09M | 66.855M | 62.369M |
| Reconciled Depreciation | 1.077M | -4.813M | -2.074M | 1.685M | 1.422M |
| Ebit | 45.435M | 46.302M | 34.536M | 13.514M | 21.897M |
| Ebitda | 46.512M | 41.489M | 32.462M | 15.199M | 23.319M |
| Depreciation And Amortization | 1.077M | -4.813M | -2.074M | 1.685M | 1.422M |
| Operating Income | 45.435M | 46.302M | 34.536M | 13.514M | 21.897M |
| Other Operating Expenses | 7.971M | -104.797M | -99.554M | -53.341M | 40.472M |
| Interest Expense | 18.593M | 8.411M | 13.66M | 16.527M | 11.407M |
| Tax Provision | 6.091M | 10.717M | 8.098M | 3.033M | 2.327M |
| Interest Income | 88.721M | 71.522M | 62.656M | 52.863M | 44.064M |
| Net Interest Income | 70.128M | 63.111M | 48.996M | 36.336M | 32.657M |
| Income Tax Expense | 6.091M | 10.717M | 8.098M | 3.033M | 2.327M |
| Total Revenue | 111.852M | 151.099M | 134.09M | 66.855M | 62.369M |
| Total Operating Expenses | 7.971M | -104.797M | -99.554M | -53.341M | -40.472M |
| Cost Of Revenue | - | - | - | - | 0M |
| Total Other Income Expense Net | -17.516M | -8.411M | -13.66M | -16.527M | -11.407M |
| Net Income From Continuing Ops | 21.828M | 35.585M | 26.438M | 10.481M | 8.163M |
| Net Income Applicable To Common Shares | 21.829M | 35.585M | 26.438M | 10.481M | 8.163M |
Balance Sheet
(Currency in USD)| Breakdown | 31-12-2023 | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 |
|---|---|---|---|---|---|
| Total Assets | 2251.597M | 2062.228M | 1713.443M | 1720.197M | 1150.961M |
| Intangible Assets | 2.971M | 3.175M | 4.278M | 4.5M | 4.773M |
| Other Current Assets | 67.725M | 29.606M | 1505.851M | 1382.543M | 986.158M |
| Total Liab | 2093.575M | 1908.948M | 541.558M | 1578.575M | 1030.266M |
| Total Stockholder Equity | 158.022M | 153.28M | 1171.885M | 141.622M | 120.695M |
| Other Current Liab | 933.672M | -3.936M | -0.031M | -108.016M | -124.764M |
| Common Stock | 13.186M | 6.578M | 6.535M | 6.456M | 6.408M |
| Capital Stock | 13.186M | 6.578M | 6.535M | 6.456M | 6.408M |
| Retained Earnings | 101.216M | 95.815M | 84.916M | 59.01M | 34.097M |
| Good Will | 0.899M | 0.899M | 0.899M | 0.899M | 0.899M |
| Other Assets | - | 1688.794M | 1253.298M | 1379.989M | 966.835M |
| Cash | 56.697M | 38.391M | 23.48M | 36.744M | 39.371M |
| Cash And Equivalents | - | - | - | - | - |
| Total Current Liabilities | 1077.063M | 124.471M | 0.031M | 108.016M | 124.764M |
| Current Deferred Revenue | -10.324M | 3.936M | -41.313M | - | - |
| Net Debt | 177.035M | 124.037M | 58.372M | 276.335M | 129.332M |
| Short Term Debt | 143.391M | 122.082M | 41.344M | 106.862M | 123.676M |
| Short Long Term Debt | - | 122.082M | - | 106.862M | 123.676M |
| Short Long Term Debt Total | 233.732M | 162.428M | 81.852M | 313.079M | 168.703M |
| Other Stockholder Equity | 54.246M | 62.426M | 1079.726M | 73.6M | 80.193M |
| Property Plant Equipment | - | 13.358M | 11.806M | 7.777M | 8.636M |
| Total Current Assets | 67.725M | 181.1M | 276.033M | 196.828M | 102.072M |
| Long Term Investments | 183.921M | 174.911M | 168.028M | 131.103M | 68.645M |
| Short Term Investments | 146.019M | 135.346M | 159.302M | 123.562M | 58.856M |
| Net Receivables | 127.251M | 7.363M | 93.251M | 36.522M | 3.845M |
| Long Term Debt | 49.836M | 40.346M | 81.852M | 313.079M | 44.085M |
| Inventory | 0.742M | 1.703M | -93.251M | - | 0.12M |
| Accounts Payable | 10.324M | 2.389M | 0.031M | 1.154M | 1.088M |
| Accumulated Other Comprehensive Income | -10.626M | -11.539M | 0.708M | 2.556M | -0.003M |
| Non Currrent Assets Other | 2064.58M | -3.936M | -1.413M | -0.062M | -2.115M |
| Non Current Assets Total | 2183.872M | 192.334M | 184.112M | 143.38M | 82.054M |
| Capital Lease Obligations | - | - | - | - | - |
| Long Term Debt Total | - | - | - | - | 40.962M |
Cash Flow
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Investments | -393.148M | -40.309M | -371.025M | -143.077M | -155.601M |
| Total Cashflows From Investing Activities | -393.148M | -140.515M | -371.025M | -143.077M | -155.601M |
| Total Cash From Financing Activities | 323.388M | -37.872M | 526.54M | 136.927M | 133.017M |
| Net Income | 21.829M | 35.585M | 26.438M | 10.481M | 8.163M |
| Change In Cash | 14.911M | -13.264M | -2.627M | 15.419M | -11.554M |
| Begin Period Cash Flow | 23.48M | 36.744M | 39.371M | 23.952M | 35.506M |
| End Period Cash Flow | 38.391M | 23.48M | 36.744M | 39.371M | 23.952M |
| Total Cash From Operating Activities | 84.671M | 165.123M | -158.142M | 21.569M | 11.03M |
| Depreciation | 1.077M | -4.813M | -2.074M | 1.685M | 1.422M |
| Other Cashflows From Investing Activities | -6.814M | -7.257M | 0.211M | -1.137M | -0.079M |
| Dividends Paid | -10.93M | -9.679M | -1.525M | 1.525M | 1.525M |
| Change To Inventory | - | - | - | - | - |
| Sale Purchase Of Stock | -12.961M | -3.032M | -5.703M | -0.003M | 0M |
| Other Cashflows From Financing Activities | 347.558M | 206.184M | -0.231M | 147.477M | 137.911M |
| Capital Expenditures | 2.907M | 5.374M | 0.747M | 0.746M | 1.639M |
| Change In Working Capital | -2.442M | -5.933M | 12.125M | 3.182M | -1.044M |
| Other Non Cash Items | 61.62M | 139.445M | -196.648M | 6.452M | 2.489M |
| Free Cash Flow | 81.764M | 159.749M | -158.889M | 20.823M | 9.391M |
Funds
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | Vanguard Total Stock Mkt Idx Inv | 1 year ago | 367884 |
| 2. | Vanguard Institutional Extnd Mkt Idx Tr | 1 year ago | 143789 |
| 3. | Fidelity Extended Market Index | 1 year ago | 49493 |
| 4. | Bridgeway Omni Small-Cap Value N | 1 year ago | 43800 |
| 5. | Bridgeway Omni Small-Cap Value | 1 year ago | 43800 |
| 6. | Bridgeway Ultra-Small Company Market | 1 year ago | 34200 |
| 7. | DFA US Small Cap Value I | 1 year ago | 30011 |
| 8. | DFA US Small Cap I | 1 year ago | 25641 |
| 9. | BlackRock Extended Mkt Composite | 1 year ago | 21900 |
| 10. | Micro Cap Value Equity | 1 year ago | 19800 |
| 11. | iShares Micro-Cap ETF | 1 year ago | 19458 |
| 12. | BlackRock Extended Equity Market K | 1 year ago | 19113 |
| 13. | Fidelity Total Market Index | 1 year ago | 13789 |
| 14. | DFA US Core Equity 2 I | 1 year ago | 13039 |
| 15. | RBC Microcap Value I | 1 year ago | 13000 |
| 16. | Fidelity Series Total Market Index | 1 year ago | 11660 |
| 17. | SEI Small Cap A (SIIT) | 1 year ago | 11600 |
| 18. | Caldwell & Orkin - Gator Capital L/S Fd | 1 year ago | 10986 |
| 19. | Dimensional US Core Equity 2 ETF | 1 year ago | 10651 |
| 20. | Bridgeway Ultra-Small Company | 1 year ago | 9843 |
Institutions
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | Fourthstone LLC | 1 year ago | 1115074 |
| 2. | Banc Funds Co LLC | 1 year ago | 785703 |
| 3. | STRATEGIC VALUE BANK PARTNERS LLC | 1 year ago | 651298 |
| 4. | Vanguard Group Inc | 1 year ago | 534173 |
| 5. | First Manhattan Co. LLC | 1 year ago | 327080 |
| 6. | BlackRock Inc | 1 year ago | 214627 |
| 7. | Meridian Wealth Partners, LLC | 1 year ago | 190255 |
| 8. | Dimensional Fund Advisors, Inc. | 1 year ago | 160735 |
| 9. | Wick Capital Partners, LLC | 1 year ago | 144516 |
| 10. | LSV Asset Management | 1 year ago | 92822 |
| 11. | Bridgeway Capital Management, LLC | 1 year ago | 88643 |
| 12. | Geode Capital Management, LLC | 1 year ago | 83431 |
| 13. | Gator Capital Management, LLC | 1 year ago | 81889 |
| 14. | Wealth Enhancement Advisory Services, LLC | 1 year ago | 59367 |
| 15. | Acadian Asset Management LLC | 1 year ago | 54409 |
| 16. | Arrowstreet Capital Limited Partnership | 1 year ago | 43518 |
| 17. | Strid Group, LLC | 1 year ago | 43450 |
| 18. | Bank of America Corp | 1 year ago | 38222 |
| 19. | Barclays PLC | 1 year ago | 37353 |
| 20. | Renaissance Technologies Corp | 1 year ago | 32700 |
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