Earnings ·
Reports Q3 net income of $5.2 million, or $0.43 per diluted share
MRBKMeridian Corp
Meridian Corporation reported third-quarter 2026 net income of $5.2 million, or $0.43 per diluted share, a decrease of 10.3% from the prior quarter's $5.8 million. The decline was primarily driven by a $3.2 million drop in non-interest income, largely due to weaker mortgage banking activity and unfavorable fair value adjustments on loans held for investment. Net interest margin expanded 8 basis points to 3.77%, while the provision for credit losses fell to $1.1 million from $3.0 million in the second quarter. Non-performing loans decreased by $3.8 million to $78.3 million, and net charge-offs were $1.9 million. The Board also declared a quarterly cash dividend of $0.14 per share. Meridian Corporation operates as a community bank providing lending, deposit, and wealth management services in the Mid-Atlantic region.