Meridian Q1 net income falls 16.4% to $2 million; net interest margin widens to 3.82%

Meridian Corporation

Meridian Corporation

MRBK

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  • Meridian Corporation posted net income of USD 2 million, or USD 0.17 per diluted share, down 16.4% for three months ended March 31, 2026.
  • Net interest income climbed 17.3% to USD 23.2 million, widening net interest margin by 36 basis points to 3.82% on deposit and borrowing cost declines.
  • Provision for credit losses increased USD 2.3 million, driven by higher net charge-offs, including a USD 3.9 million charge-off on a loan purchase participation.
  • Total assets rose 0.6% to USD 2.6 billion; portfolio loans increased 0.5% to USD 2.2 billion, while deposits grew 0.5% to USD 2.2 billion.


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