Meridian Q3 net income jumps on growth in commercial, real estate loans

Meridian

23/10/2025 22:59

Overview

Meridian Corp Q3 net income rises 19% qtr/qtr to $6.7 mln

The bank holding firm's net interest margin improves to 3.77% in Q3

Company declares $0.125 per share quarterly dividend

Outlook

Meridian to capitalize on market acquisitions and reduced competition

Company faces challenges with elevated non-performing loans

Meridian sees strong loan growth in commercial and real estate segments

Result Drivers

NET INTEREST MARGIN - Improved to 3.77% in Q3, contributing to higher net income

LOAN GROWTH - Strong growth in commercial and real estate loans offset SBA loan sales and lease paydowns

NON-INTEREST INCOME DECLINE - Decrease driven by lower SBA loan income and gains on sale of mortgage servicing rights

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$11.50 mln
Q3 EPS
$0.58
Q3 Dividend
$0.12
Q3 Net Interest Margin
3.77%


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Meridian Corp is $19.00, about 22.7% above its October 21 closing price of $14.68

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nGNX5S4sZ6

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)