Revenue: As of FY2025, the actual value is USD 205.49 M.EPS: As of FY2025, the actual value is USD 1.89, beating the estimate of USD 1.82.EBIT: As of FY2025, the actual value is USD -44.12 M.<h4>Consolidated Operational Metrics</h4><ul><li>Consolidated Net Income: Meridian Corporation reported $21,836 thousand in 2025, an increase of $5,490 thousand or 33.6% from $16,346 thousand in 2024.</li><li>Net Interest Income: Increased by $16,682 thousand, or 23.5%, reaching $87,678 thousand in 2025, up from $70,996 thousand in 2024.</li><li>Total Non-Interest Income: Decreased by -$2,159 thousand, or -5.2%, from $41,339 thousand in 2024 to $39,180 thousand in 2025.</li><li>Total Non-Interest Expense: Increased by $4,155 thousand, or 5.2%, to $83,304 thousand in 2025 from $79,149 thousand in 2024.</li><li>Provision for Credit Losses: Increased by $3,752 thousand to $15,152 thousand in 2025 from $11,400 thousand in 2024, driven by higher net charge-offs on construction and small business loans, increased specific reserves for nonperforming loans, and an upgraded macroeconomic forecast model.</li></ul><h4>Pre-Provision Net Revenue (Non-GAAP)</h4><ul><li>Overall: Increased to $43,554 thousand in 2025 from $33,186 thousand in 2024.</li><li>Segment Breakdown (2025): Bank contributed $40,140 thousand, Wealth $2,337 thousand, and Mortgage $1,077 thousand.</li><li>Segment Breakdown (2024): Bank contributed $26,698 thousand, Wealth $2,375 thousand, and Mortgage $4,113 thousand.</li></ul><h4>Mortgage Banking Segment</h4><ul><li>Mortgage Banking Income (Revenue): Decreased by -$261 thousand, or -1.2%, from $21,044 thousand in 2024 to $20,783 thousand in 2025.</li><li>Net Gain on Sale of MSRs: Decreased by -$3,589 thousand, or -89.9%, from $3,992 thousand in 2024 to $403 thousand in 2025.</li><li>Sales of Residential Loan Servicing Rights (2025): Amounted to $979 thousand, associated with $110.2 million of serviced loans.</li></ul><h4>Wealth Management Segment</h4><ul><li>Wealth Management Income (Revenue): Increased by $581 thousand, or 10.1%, to $6,316 thousand in 2025 from $5,735 thousand in 2024, attributed to increased assets under management and better market conditions.</li></ul><h4>Commercial Banking Segment (SBA Lending)</h4><ul><li>SBA Loan Income (Revenue): Increased by $1,994 thousand, or 57.7%, reaching $5,452 thousand in 2025, up from $3,458 thousand in 2024.</li><li>Volume of SBA Loans Sold: $97.8 million in 2025, compared to $59.4 million in 2024.</li><li>Gross Margin on SBA Sales: Was 7.1% in 2025, down from 8.0% in 2024.</li></ul><h4>Loan Portfolio</h4><ul><li>Total Portfolio Loans (excluding held for sale): Increased by $141.4 million, or 7.0%, to $2.2 billion as of December 31, 2025, from $2.0 billion as of December 31, 2024.</li><li>Commercial Mortgage Loans: Increased by $55,464 thousand, or 6.7%, to $879,440 thousand (39.9% of total) in 2025 from $823,976 thousand (40.0% of total) in 2024.</li><li>Construction Loans: Increased by $70,990 thousand, or 27.4%, to $330,543 thousand (15.0% of total) in 2025 from $259,553 thousand (12.6% of total) in 2024.</li><li>Commercial, Industrial &amp; Other Finance Receivables: Increased by $61,615 thousand, or 16.8%, to $428,981 thousand (19.5% of total) in 2025 from $367,366 thousand (17.8% of total) in 2024.</li><li>Small Business Loans: Decreased by -$16,010 thousand, or -10.3%, to $139,765 thousand (6.3% of total) in 2025 from $155,775 thousand (7.6% of total) in 2024, primarily due to increased sales.</li><li>Home Equity Lines and Loans: Increased by $16,281 thousand, or 17.9%, to $107,002 thousand in 2025 from $90,721 thousand in 2024.</li><li>Residential Mortgage Loans: Decreased by -$16,430 thousand, or -6.5%, to $236,135 thousand in 2025 from $252,565 thousand in 2024.</li><li>Leases, Net: Decreased by -$30,498 thousand, or -40.1%, to $45,489 thousand in 2025 from $75,987 thousand in 2024.</li></ul><h4>Asset Quality</h4><ul><li>Non-Performing Assets to Total Assets: Increased to 2.38% in 2025 from 1.90% in 2024.</li><li>Total Non-Performing Assets: Rose to $61,057 thousand in 2025 from $45,401 thousand in 2024.</li><li>Non-Performing Loans to Total Loans (excluding loans at fair value): Increased to 2.55% in 2025 from 2.24% in 2024.</li><li>Total Non-Performing Loans: Increased to $55,060 thousand in 2025 from $45,125 thousand in 2024.</li><li>Net Charge-offs to Total Average Loans: Was -$11,858 thousand, or -0.55%, in 2025, compared to -$15,836 thousand, or -0.78%, in 2024.</li><li>Allowance for Credit Losses (ACL) to Total Loans Held for Investment (excluding loans at fair value): Increased to 1.00% in 2025 from 0.91% in 2024.</li><li>Specific Reserves against Individually Evaluated Loans: Increased to $3,400 thousand in 2025 from $2,700 thousand in 2024.</li><li>Other Real Estate Owned (OREO): Increased to $3,592 thousand (4 properties) in 2025 from $159 thousand (1 property) in 2024.</li><li>Repossessed Assets: Increased to $2,405 thousand in 2025 from $117 thousand in 2024.</li></ul><h4>Deposits</h4><ul><li>Total Deposits: Increased by $152,760 thousand, or 7.6%, to $2,158,128 thousand in 2025 from $2,005,368 thousand in 2024.</li><li>Non-Interest Bearing Deposits: Increased by $4,519 thousand, or 1.9%, to $245,377 thousand in 2025 from $240,858 thousand in 2024.</li><li>Interest Bearing Deposits: Increased by $148,241 thousand, or 8.4%, to $1,912,751 thousand in 2025 from $1,764,510 thousand in 2024.</li><li>Deposit Mix (December 31, 2025): Consisted of 52% business accounts, 14% consumer accounts, 12% municipal deposits, and approximately 22% wholesale funding.</li></ul><h4>Capital Resources</h4><ul><li>Tier I Capital to Risk-Weighted Assets (Corporation): Increased to 8.7% in 2025 from 8.1% in 2024.</li><li>Tangible Common Equity to Tangible Assets Ratio (Non-GAAP): Increased to 7.67% in 2025 from 7.05% in 2024.</li><li>Community Bank Leverage Ratio (CBLR) (Bank): Increased to 9.50% in 2025 from 9.21% in 2024.</li></ul><h4>Liquidity</h4><ul><li>Available Liquidity: Increased to $346.3 million in 2025 from $315.8 million in 2024.</li><li>Unfunded Loan Commitments (December 31, 2025): Totaled $651.3 million, with a reserve of $976 thousand.</li></ul><h4>Outlook / Guidance</h4>Meridian Corporation’s Board declared a quarterly cash dividend of $0.14 per common share for February 2026, marking a 12% increase from the prior quarter. U.S. regulators are expected to re-propose a new, more industry-friendly Basel III Endgame capital framework in early 2026, alongside proposals to lower the Community Bank Leverage Ratio (CBLR) threshold and extend its grace period. Meridian Corporation continues to monitor regulatory developments regarding digital asset activities, noting potential for greater flexibility for smaller banks in this area.

Meridian Bank of Malvern PA | 10-K: FY2025 Revenue: USD 205.49 M