# Meridian Corporation (MRBK)

> Source: Nexqual · https://nexqual.com/MRBK · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Meridian Corporation (MRBK), nexqual.com/MRBK" · informational, not investment advice.

**Price:** USD 18.72 (-0.16% on the day) · last close of Oct 23, 2026; US market after hours, not a live price. Prev close 18.75 · day 18.51–18.96 · 52w 13.92–21.67 · market cap $223M · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $130M, net income $21.7M (16.6% margin) (SEC filings).
- Valuation: P/E 10.3x (avg 10.2x at the last 3 fiscal year-ends).
- Insider open-market purchases, last ~7 months: 3 Form 4 filings, $54K; 1 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 1.50 on a 1–5 scale) (2 analysts), mean target USD 23 (range 22–24).
- Total return with dividends: 1Y +25.8% vs S&P 500 +13.4%; 5Y +52.0% vs S&P 500 +76.9%.
- Next earnings: 2026-10-29, EPS estimate USD 0.46, revenue estimate $33.0M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $151M | $112M | $101M | $112M | $127M | $130M |
| Net income | $35.6M | $21.8M | $13.2M | $16.3M | $21.8M | $21.7M |
| EPS (diluted) | $1.44 | $1.79 | $1.16 | $1.45 | $1.89 | — |
| Free cash flow | $160M | $81.8M | $17.0M | $9.0M | $22.6M | $18.6M |
| Net margin | 23.6% | 19.5% | 13.1% | 14.6% | 17.2% | 16.6% |
| Revenue growth | +11.2% | -26.0% | -9.8% | +11.3% | +12.9% | — |
| Cash + short-term investments | $23.5M | $38.4M | $56.7M | $27.5M | — | — |
| Total debt | $41.3M | $122M | — | — | — | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 10.3x · P/S 1.7x · P/FCF 12.0x · P/B 1.1x · FCF yield 8.34% · Earnings yield 9.70% · Dividend yield (paid, TTM) 2.77%
P/E at fiscal year-ends: Dec 2025 9.3x, Dec 2024 9.4x, Dec 2023 12.0x.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
3 purchases, $54K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-13 | Imbesi Anthony Mark | Director | 1,000 | $17K | 17.38 | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-11 | Warriner Kenneth Thomas | Director | 1,000 | $18K | 18 | Too little history (no open-market trades in 2023–2025) |
| 2026-04-30 | Warriner Kenneth Thomas | Director | 1,000 | $18K | 18.41 | Too little history (no open-market trades in 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 1.50 on a 1–5 scale), 2 analysts; mean target USD 23 (low 22, high 24).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +25.8% | +52.0% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +25.9% | +8.8% |
| Volatility (annualized) | 25.4% | 33.8% |
| Max drawdown | -16.1% (Apr 2026→May 2026) | -51.9% (Feb 2022→May 2023) |

## Peers (Banks - Regional)
BBD (Banco Bradesco Sa) USD 4.07 +3.04% · FITB (Fifth Third Bancorp) USD 52.98 -0.47% · DB (Deutsche Bank AG) USD 31.2 -0.89% · TFC (Truist Financial Corporation) USD 48.44 +0.04% · NWG (NatWest Group plc) USD 16.8 -1.12% · NU (Nu Holdings Ltd.) USD 15.16 +2.92%

## More
Full page: https://nexqual.com/MRBK · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.46 | $0.60 | -24.8% | $33.0M | 2 |
| Next quarter (ends 2026-12-31) | $0.48 | $0.61 | -22.0% | $33.5M | 2 |
| Current fiscal year (ends 2026-12-31) | $1.63 | $1.95 | -16.2% | $129.8M | 2 |
| Next fiscal year (ends 2027-12-31) | $2.23 | $2.52 | -11.5% | $140.0M | 2 |