Meridian Corporation

MRBK

Banks - Regional · Financial Services

Price

$19.89

+0.30 (+1.53%)

Market Cap

$236.5M

Exchange

NASDAQ

Winston Score

Winston is curious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Bank Quality

Mixed

Growth

Good

Capital Strength

Strong

Asset Quality

Weak

Valuation

Good

Dividends

Good

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Share count falling — buybacks

−7.0% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 12.4M (2021) → 11.5M (2025)

Winston Score History

The full picture

Meridian Corporation is a small regional bank headquartered in Malvern, Pennsylvania, in the Philadelphia suburbs. It offers everyday banking services like checking and savings accounts, loans, and mortgages to individuals and small-to-medium-sized businesses in the greater Philadelphia area. It also runs a mortgage banking division that sells home loans to customers across a broader region.

Meridian makes money primarily through interest income — charging more on loans than it pays out on deposits — as well as fees from mortgage origination and other banking services. It operates mainly in southeastern Pennsylvania, with a market cap of roughly $200 million, making it one of the smaller community banks in the region. Its local focus and relationship-based banking give it some loyalty among small business clients, but its small size limits its ability to compete with larger banks on technology and pricing. Rising interest rates and credit quality in its loan portfolio remain key risks to watch.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-3.5% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-2.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

22.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$2.5B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Meridian Corporation's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Bank Quality

Return on owners' money

Return on Equity

4.8%

no trend

Weak — 4.8% return on equity

Below 5% return on equity. Hardly beats a savings account.

Profit on lending

Net Interest Margin

3.97%

no trend

Wide spread — 3.97% net interest margin

Cost of running the bank

Efficiency Ratio

63.8%

no trend

Average — 63.8% efficiency ratio

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Growth

Sales growth

Sales YoY

+0.7%

Nearly flat sales (+0.7% YoY)

Profit growth

EPS YoY

+28.0%

Earnings growing fast (+28.0% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Capital Strength

Safety cushion

Capital Ratio

9.6%

no trend

Well capitalised — 9.6% Tier-1 leverage

The bank's capital cushion is just adequate. It clears the safety minimum with a small buffer.

Asset Quality

Loans not being repaid

Non-Performing Loans

2.64%

no trend

Elevated — 2.64% non-performing loans

Over 2% of loans are troubled. That is elevated and can eat into profits.

Loans written off

Net Charge-Offs

1.40%

no trend

Heavy losses — 1.40% net charge-offs

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Valuation

Price vs profit

P/E Ratio (TTM)

9.5x

Attractive valuation — P/E 9.5

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year

P/E vs Forward

-0.5

SLOWING

Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend

Dividend Yield

2.81%

Moderate income — 2.81% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record

Dividend Growth

+9.0%

Dividend growing modestly (9.0% YoY)

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