Meridian Corp reports results for the quarter ended June 30 - Earnings Summary

Meridian

24/07/2025 23:21

Meridian Corp MRBK.OQ reported quarterly adjusted earnings of 45 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 30 cents.  The lone analyst forecast for the quarter was for earnings of 42 cents per share.

Revenue rose 24.4% to $32.45 million from a year ago; analysts expected $30.20 million.

Meridian Corp's reported EPS for the quarter was 49 cents​.

The company reported quarterly net income of $5.59 million.

Meridian Corp shares had risen by 15.2% this quarter and gained 8.3% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 3.7% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for Meridian Corp is $17.00, about 13.7% above its last closing price of $14.67

This summary was machine generated from LSEG data July 24 at 10:21 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Jun. 30 2025
0.42
0.45
Beat
Mar. 31 2025
0.33
0.20
Missed
Dec. 31 2024
0.34
0.23
Missed
Sep. 30 2024
0.35
0.42
Beat