Meridian Corp Income Statement

Income Statement Dec2017 Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & Cost
Provisions 2.16M1.58M0.90M8.30M3.20M2.49M7.23M11.59M
Revenue 65.64M65.01M3.62M3.85M4.80M4.73M4.93M5.74M
Interest income
Interest income - Loans 34.67M42.69M51.13M60.36M68.82M84.63M130.08M147.16M
Interest income - Investments 0.17M0.43M0.33M17.19M27.81M9.65M6.40M
Interest Income - Debt Securities 3.19M3.96M7.52M6.17M8.05M7.56M9.48M10.73M
Other interest income 0.08M0.12M0.16M0.07M0.05M0.29M1.27M1.85M
Interest Income - Total 35.72M44.06M52.86M62.66M71.52M88.72M136.59M156.03M
Interest expenses
Interest Expense - Deposits 4.63M9.23M13.91M9.97M5.49M15.40M57.82M74.04M
Interest Expense - Debt 2.15M2.18M2.62M3.69M2.92M3.20M9.83M10.99M
Interest Expenses 6.78M11.41M16.53M13.66M8.41M18.59M67.65M85.03M
Interest Income - Net 28.94M32.66M36.34M49.00M63.11M70.13M68.94M71.00M
Non-interest income
Interest Income - Total 26.78M31.08M35.44M40.69M62.04M67.64M62.13M59.60M
Service Charges 0.09M0.12M0.11M0.11M0.13M
Investment Gain (Loss) 2.87M3.92M0.17M3.85M0.43M-0.06M-0.06M
Investment Banking Income -0.31M-0.37M4.00M
Mortgage Banking 32.84M26.19M26.32M77.12M75.93M25.32M16.54M21.04M
Other Non-Interest Income 2.25M2.62M2.48M4.29M5.23M5.71M5.73M6.66M
Non-Interest Income 36.70M32.35M32.89M86.92M87.99M41.72M31.96M41.34M
Operating Items
Amortization - Intangibles 0.45M0.45M0.32M1.04M1.19M1.39M1.37M1.28M
Wages, Salaries and Other 39.13M34.79M35.16M72.15M78.87M54.38M47.38M47.27M
Rent Expense 3.80M3.78M3.81M4.29M4.54M4.84M4.84M5.98M
Other Operating Expenses 53.89M49.17M51.01M88.78M99.18M76.61M72.28M73.17M
Operating Expenses 57.69M52.95M54.81M93.08M103.73M81.44M77.12M79.15M
Operating Income 1.97M2.20M2.84M7.25M9.73M
EBIT 1.97M2.20M2.84M7.25M9.73M46.51M84.61M106.82M
Non-operating items
Interest & Investment Income 0.01M
Other Non Operating Income -0.43M-0.16M-0.82M-9.40M-4.34M5.44M0.09M-0.09M
Net income details
EBT 5.79M10.49M13.51M34.54M46.30M27.92M16.97M21.79M
Tax Provisions 2.75M2.33M3.03M8.10M10.72M6.09M3.72M5.44M
Profit After Tax 3.03M8.16M10.48M26.44M35.59M21.83M13.24M16.35M
Equity Income 8.16M10.56M17.12M22.38M
Income from Continuing Operations 3.03M8.16M10.48M26.44M35.59M21.83M13.24M16.35M
Consolidated Net Income 3.03M8.16M10.48M26.44M35.59M21.83M13.24M16.35M
Income towards Parent Company 3.03M8.16M10.48M26.44M35.59M21.83M13.24M16.35M
Preferred Dividend Payments 1.17M
Net Income towards Common Stockholders 1.86M8.16M10.48M26.44M35.59M21.83M13.24M16.35M
Additional items
EPS (Basic) 0.501.281.644.322.961.851.191.47
EPS (Weighted Average and Diluted) 0.491.271.634.272.871.791.161.45
Shares Outstanding (Weighted Average) 12.81M12.81M12.26M12.16M11.60M11.18M11.24M
Shares Outstanding (Diluted Average) 12.41M12.20M11.39M11.24M
Tax Rate 47.60%22.18%22.44%23.45%23.15%21.82%21.95%24.97%