Meridian Corporation (MRBK)

From the record

Meridian Corporation's filings since 2018 show 5 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2019-05-23); an auditor change (8-K item 4.01, 2 times, the latest 2020-03-13); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2020-03-27) (its current reports).

From the record

Meridian Corporation's 9 filed years say what it did: revenue went from $36 million in fiscal 2017 to $166 million in fiscal 2025, up 21.2% a year; it rose in 8 of 8 years; it never fell from a peak; net income was positive in 9 of 9 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Meridian Corporation's diluted share count shrank about 1.9% a year, and dividends and buybacks returned about 40% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 3 purchases of their own stock on the open market in the year to 2026-11-10, buying about $54 thousand (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Meridian Corporation earned about 11 cents of profit for every dollar of shareholders' money. Leverage: it owed about 92 cents per dollar of assets, and net share issuance: its share count grew 2.6% over the year (the filed statements).

From the record

Meridian Corporation's standing among 79 graded names in its industry family: revenue of $166 million in fiscal 2025 ranks in the bottom 21% by size; a net margin of 13.1% ranks in the bottom 12%; revenue growth of 23.3% a year over the last 3 filed years ranks in the top 18% (its annual reports).

From the record

Meridian Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Annas, Christopher J. (Chairman & CEO, as filed), filing under that title since 2018-09-10, 8.2 years (top 42% of its family); the 9 officers and directors filing in the last fifteen months have been on the record a median of 6.8 years (top 49%); 2 officer or director changes were reported on Form 8-K since 2023-11-13, against the 9 people in charge now (top 20%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Meridian Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 23.3% a year over the last three filed years against 21.2% over all 9, speeding up (bottom 37% of its family); the newest year grew 6.6% (top 36%); capital spending grew -15.9% a year (bottom 14%) (its annual reports). Meridian Corporation tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

Meridian Corporation's newest year against its own record: revenue of $166 million in fiscal 2025 came in 19.6% below the $207 million its prior three years' pace pointed to (bottom 44% of its family); net income of $22 million against a prior three-year average of $17 million (top 36%); a net margin of 13.1% against 14.9% before (top 49%) (its annual reports).