Stock MRBK MERIDIAN CORPORATION
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Financials Meridian Corporation

Equities

MRBK

US58958P1049

Banks

Market Closed - Nasdaq
Other stock markets
 04:00:00 2024-05-31 pm EDT 		5-day change 1st Jan Change
10.34 USD +3.71% Intraday chart for Meridian Corporation +4.76% -25.61%
Apr. 26 Meridian Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
Apr. 26 Earnings Flash (MRBK) MERIDIAN CORPORATION Posts Q1 EPS $0.24 MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 129.3 127.6 219.1 172.5 152.8 115.7 -
Enterprise Value (EV) 1 129.3 127.6 219.1 172.5 152.8 115.7 115.7
P/E ratio 12.4 x 4.87 x 6.42 x 8.46 x 12 x 8.25 x 6.36 x
Yield - 2.4% 4.28% 2.97% 3.6% 4.84% 4.84%
Capitalization / Revenue 1.86 x 0.94 x 1.45 x 1.54 x 1.51 x 1.12 x 1.01 x
EV / Revenue 1.86 x 0.94 x 1.45 x 1.54 x 1.51 x 1.12 x 1.01 x
EV / EBITDA - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 1.07 x 0.9 x 1.36 x 1.13 x 0.98 x 0.69 x 0.64 x
Nbr of stocks (in thousands) 12,811 12,265 11,919 11,388 10,991 11,186 -
Reference price 2 10.10 10.40 18.38 15.14 13.90 10.34 10.34
Announcement Date 1/27/20 2/1/21 1/31/22 1/30/23 1/26/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 69.43 135.9 151.1 111.9 100.9 103.4 114.1
EBITDA - - - - - - -
EBIT 1 14.42 42.84 47.37 30.41 23.78 26.92 30.8
Operating Margin 20.76% 31.52% 31.35% 27.19% 23.57% 26.02% 26.98%
Earnings before Tax (EBT) 1 13.51 34.54 46.3 27.92 16.97 19.75 23.9
Net income 1 10.48 26.44 35.58 21.83 13.24 14.08 18.23
Net margin 15.09% 19.45% 23.55% 19.52% 13.12% 13.61% 15.98%
EPS 2 0.8150 2.135 2.865 1.790 1.160 1.253 1.627
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 - 0.2500 0.7875 0.4500 0.5000 0.5000 0.5000
Announcement Date 1/27/20 2/1/21 1/31/22 1/30/23 1/26/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 33.41 29.14 27.95 28.25 26.51 24.32 26.22 25.31 25.06 24.59 25.67 26.79 26.29 26.03 28.37
EBITDA - - - - - - - - - - - - - - -
EBIT 1 9.671 7.704 8.248 7.989 6.467 6.526 6.607 5.292 5.356 5.356 6.579 7.248 6.582 6.908 7.805
Operating Margin 28.95% 26.44% 29.51% 28.28% 24.39% 26.84% 25.2% 20.91% 21.37% 21.78% 25.63% 27.05% 25.04% 26.54% 27.51%
Earnings before Tax (EBT) 1 9.893 7.089 7.646 7.463 5.721 5.127 5.902 5.21 0.728 3.553 4.566 5.503 4.802 4.953 5.948
Net income 1 7.719 5.535 5.938 5.798 4.557 4.021 4.645 4.005 0.571 2.676 3.483 4.217 3.691 3.774 4.527
Net margin 23.11% 19% 21.24% 20.52% 17.19% 16.54% 17.71% 15.82% 2.28% 10.88% 13.57% 15.74% 14.04% 14.5% 15.96%
EPS 2 0.6200 0.4400 0.4800 0.4800 0.3850 0.3400 0.4100 0.3500 0.0500 0.2400 0.3133 0.3767 0.3267 0.3367 0.4033
Dividend per Share 2 0.1000 0.6000 0.1000 0.1000 0.0500 - 0.1250 0.1250 0.1250 - 0.1300 0.1300 0.1300 0.1300 0.1300
Announcement Date 1/31/22 5/2/22 8/1/22 10/31/22 1/30/23 5/2/23 7/28/23 10/27/23 1/26/24 4/26/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 9.67% 20.2% 23.2% 13.9% 8.53% 8.63% 10.4%
ROA (Net income/ Total Assets) 1.04% 1.84% 2.07% 1.18% 0.61% 0.61% 0.73%
Assets 1 1,008 1,435 1,717 1,850 2,171 2,320 2,509
Book Value Per Share 2 9.420 11.50 13.50 13.40 14.10 15.00 16.30
Cash Flow per Share - - - - - - -
Capex - - - - - - -
Capex / Sales - - - - - - -
Announcement Date 1/27/20 2/1/21 1/31/22 1/30/23 1/26/24 - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Meridian Corporation

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
10.34 USD
Average target price
13 USD
Spread / Average Target
+25.73%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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