Filing Analysis
Meridian Corp announced its second quarter 2026 financial results via press release and earnings supplement. Additionally, the Board of Directors declared a quarterly cash dividend of $0.14 per common share.
📋 Key Facts
- Reported Q2 2026 financial results on July 30, 2026.
- Declared a quarterly cash dividend of $0.14 per common share.
- Dividend record date: August 10, 2026.
- Dividend payment date: August 17, 2026.
Meridian Corp announced the departure of Andy Fox, Senior Vice President and Chief Credit Officer, effective July 21, 2026. He is being succeeded by Geoff Sheehan, who currently serves as Senior Vice President, Credit Administration.
📋 Key Facts
- Andy Fox (SVP, Chief Credit Officer) has separated from the company to pursue other opportunities.
- Geoff Sheehan (SVP, Credit Administration) will assume the role of Chief Credit Officer.
- The departure was reported as an event occurring on July 21, 2026.
Meridian Corp reported the results of its Annual Meeting of Shareholders held on May 28, 2026. Shareholders elected three Class C directors, approved executive compensation in a non-binding vote, and ratified the appointment of Crowe LLP as the independent auditor for 2026.
📋 Key Facts
- Class C directors elected for three-year terms expiring in 2029: Christopher J. Annas, Edward J. Hollin, and Anthony M. Imbesi.
- Say-on-pay proposal approved with 8,212,283 votes for and 145,547 votes against.
- Crowe LLP ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with 9,570,770 votes in favor.
Meridian Corp filed an 8-K/A to amend its Q1 2026 results after discovering a significant loan impairment. The company recorded a $3.9 million charge-off and an additional $3.5 million provision for credit losses, reducing reported net income for the quarter from $4.7 million to $2.0 million.
🚩 Red Flags
- Post-earnings amendment: The company issued a press release and then had to amend it shortly after due to a significant financial error/omission.
- Reliance on third-party data: The company only became aware of the impairment after the lead participant bank released its own earnings.
- Commercial Real Estate (CRE) exposure: The loss is tied to Class A office space, a high-risk sector currently facing structural headwinds.
📋 Key Facts
- Net income for Q1 2026 was revised downward by $2.7 million (after tax), from $4.7 million to $2.0 million.
- A charge-off of $3.9 million was recorded against a loan participation.
- An additional provision for credit losses of $3.5 million was recognized.
- The impairment relates to a 190,000 sq ft Class A office property in Bucks County, PA, following a lower appraisal in April 2026 and the loss of a large tenant.
- The correction was triggered by the lead participant bank's own earnings release and loan status change to nonaccrual.
Meridian Corp announced the appointment of Ken Warriner to its Board of Directors and the board of its subsidiary, Meridian Bank, effective April 27, 2026. The appointment fills an existing vacancy on the board and was disclosed via a press release.
📋 Key Facts
- Ken Warriner was appointed to the Board of Directors of Meridian Corporation and Meridian Bank effective April 27, 2026.
- The appointment fills an existing 'open position' on the board.
- The filing was made under Item 5.02 (Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers).
- A press release regarding the appointment was issued on April 27, 2026, and included as Exhibit 99.1.
Meridian Corp announced the retirement of George Collier from its Board of Directors, effective April 30, 2026. The company confirmed that the departure was not due to any disagreements regarding operations, policies, or practices.
📋 Key Facts
- George Collier notified the company of his retirement on April 23, 2026.
- The retirement is effective as of April 30, 2026.
- The company explicitly stated there were no disagreements with Mr. Collier regarding its operations, policies, or practices.
- A press release regarding the retirement was issued as Exhibit 99.1.
Meridian Corp (MRBK) reported its first quarter 2026 financial results and announced a quarterly cash dividend of $0.14 per share. The filing includes supplemental earnings materials and details regarding the dividend payment schedule.
📋 Key Facts
- Meridian Corp issued its Q1 2026 earnings press release on April 23, 2026.
- The Board of Directors declared a quarterly cash dividend of $0.14 per common share.
- The dividend is payable on May 11, 2026, to shareholders of record as of May 4, 2026.
- The filing includes an Earnings Supplement (Exhibit 99.2) providing additional financial detail.
Meridian Corp announced its fourth quarter 2025 financial results and declared a quarterly cash dividend. The company also increased its quarterly dividend by 12% compared to the previous quarter.
📋 Key Facts
- Released Q4 2025 financial results on January 29, 2026.
- Declared a quarterly cash dividend of $0.14 per common share.
- Dividend increase of $0.015 (12%) over the previous quarter's $0.125 per share.
- Dividend payable date: February 17, 2026; Record date: February 9, 2026.
Meridian Corp announced its third quarter 2025 financial results and declared a quarterly cash dividend. The filing includes the earnings press release and supplemental materials.
📋 Key Facts
- Reported Third Quarter 2025 Results on October 23, 2025.
- Board of Directors declared a quarterly cash dividend of $0.125 per common share.
- Dividend is payable on November 17, 2025, to shareholders of record as of November 10, 2025.
Meridian Corp filed an 8-K to provide supplemental information regarding its earnings for the second quarter ended June 30, 2025. The filing is primarily a Regulation FD disclosure intended to make additional financial data available to all investors simultaneously.
📋 Key Facts
- Report date: July 28, 2025
- Reporting period: Three months ended June 30, 2025
- The filing includes an 'Earnings Supplement' as Exhibit 99.1
- Information is furnished under Item 7.01 and not filed for purposes of Section 18 liability
Meridian Corp announced its second quarter 2025 financial results via press release and declared a quarterly cash dividend of $0.125 per share.
📋 Key Facts
- Reported Q2 2025 financial results on July 24, 2025 (Item 2.02).
- Board of Directors declared a quarterly cash dividend of $0.125 per common share.
- Dividend record date is August 11, 2025; payment date is August 18, 2025.
Meridian Corp held its Annual Meeting of Shareholders on May 22, 2025. The meeting resulted in the election of three Class B directors and the ratification of Crowe LLP as the independent auditor.
📋 Key Facts
- Annual Meeting of Shareholders held on May 22, 2025.
- Elected George C. Collier, Robert T. Holland, and Denise Lindsay to the Board as 'Class B' directors for three-year terms expiring in 2028.
- Say-on-pay proposal regarding executive compensation was approved with 7,170,396 votes in favor.
- Shareholders ratified the appointment of Crowe LLP as the independent registered public accounting firm for the year ending December 31, 2025.
Meridian Corp has released supplemental earnings materials via its website in connection with the issuance of financial results for the quarter ended March 31, 2025. This filing serves as a Regulation FD disclosure to ensure public access to supplemental information.
📋 Key Facts
- Earnings release date: April 30, 2025
- Reporting period: Three months ended March 31, 2025
- The filing includes an 'Earnings Supplement' (Exhibit 99.1) containing supplemental financial information.
- Information is furnished under Item 7.01 and not considered 'filed' for purposes of Section 18 liability.
Meridian Corp announced its First Quarter 2025 financial results via press release and declared a quarterly cash dividend of $0.125 per common share.
📋 Key Facts
- Reported Q1 2025 financial results on April 25, 2025.
- Board of Directors declared a quarterly cash dividend of $0.125 per common share.
- Dividend is payable on May 19, 2025.
- Record date for the dividend is May 12, 2025.
Meridian Corp entered into an Equity Distribution Agreement with D.A. Davidson & Co. to facilitate the sale of up to 1,000,000 shares of common stock.
🚩 Red Flags
- At-the-market (ATM) style offering can lead to immediate dilution of existing shareholders.
📋 Key Facts
- Entered into an Equity Distribution Agreement (Sales Agreement) on February 20, 2025.
- Distribution Agent: D.A. Davidson & Co.
- Maximum offering amount: Up to 1,000,000 shares of common stock.
- Commission rate: 2.75% of gross proceeds.
- Expense reimbursement cap for agent: $75,000.
- Shares will be sold under a previously declared effective Form S-3 registration statement.
Meridian Corp announced its fourth quarter 2024 financial results via a press release and earnings supplement. Additionally, the Board declared a quarterly cash dividend of $0.125 per common share.
📋 Key Facts
- Reported Q4 2024 financial results on January 24, 2025.
- Declared a quarterly cash dividend of $0.125 per common share.
- Dividend payable date: February 18, 2025.
- Record date for dividend: February 10, 2025.
Meridian Corp filed an 8-K to provide supplemental information regarding its earnings for the quarter ended September 30, 2024. The filing is a standard Regulation FD disclosure intended to make earnings materials available on the company's website.
📋 Key Facts
- Earnings supplement issued on October 31, 2024, regarding results for the three months ended September 30, 2024.
- The information is furnished under Item 7.01 and is not considered 'filed' for purposes of Section 18 liability.
- Exhibit 99.1 contains the Earnings Supplement.
Meridian Corporation released its third quarter 2024 financial results via press release. Additionally, the Board declared a quarterly cash dividend of $0.125 per common share.
📋 Key Facts
- Released Q3 2024 financial results on October 24, 2024.
- Declared a quarterly cash dividend of $0.125 per common share.
- Dividend record date: November 12, 2024.
- Dividend payment date: November 19, 2024.
Meridian Corp announced its second quarter 2024 financial results via press release and earnings supplement. The company also declared a quarterly cash dividend of $0.125 per common share.
📋 Key Facts
- Reported Q2 2024 financial results on July 26, 2024.
- Declared a quarterly cash dividend of $0.125 per common share.
- Dividend record date: August 12, 2024; Payment date: August 19, 2024.
Meridian Corp held its Annual Meeting of Shareholders on May 21, 2024. The meeting resulted in the election of two Class A directors and the ratification of Crowe LLP as the independent auditor.
📋 Key Facts
- Annual Meeting of Shareholders held on May 21, 2024.
- Robert M. Casciato elected to Board (Class A) with 8,192,698 votes for; term expires in 2027.
- Christine M. Helmig elected to Board (Class A) with 8,262,800 votes for; term expires in 2027.
- Say-on-pay proposal received significant support: 7,964,057 votes for vs. 167,326 against.
- Shareholders ratified the appointment of Crowe LLP as independent registered public accounting firm for fiscal year ending Dec 31, 2024.
Meridian Corp filed an 8-K to provide supplemental information regarding its earnings for the first quarter ended March 31, 2024. The filing is a standard Regulation FD disclosure intended to make earnings supplement materials available to all investors simultaneously.
📋 Key Facts
- Report date: April 30, 2024
- The filing relates to the issuance of earnings for the three months ended March 31, 2024.
- An 'Earnings Supplement' (Exhibit 99.1) has been made available on the company website.
- Information is furnished under Item 7.01 and is not considered 'filed' for purposes of Section 18 liability.
Meridian Corp announced its First Quarter 2024 financial results via press release and declared a quarterly cash dividend of $0.125 per common share.
📋 Key Facts
- Released Q1 2024 financial results on April 26, 2024.
- Board of Directors declared a quarterly cash dividend of $0.125 per common share.
- Dividend is payable on May 20, 2024, to shareholders of record as of May 13, 2024.
Meridian Corp issued an 8-K to announce its Fourth Quarter 2023 financial results via press release and earnings supplement. The filing also includes a declaration of a quarterly cash dividend.
📋 Key Facts
- Released Q4 2023 financial results on January 26, 2024.
- Board of Directors declared a quarterly cash dividend of $0.125 per common share.
- Dividend is payable on February 20, 2024, to shareholders of record as of February 12, 2024.