--- title: "Meridian Bank of Malvern PA | 10-K: FY2025 Revenue: USD 205.49 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/283966119.md" datetime: "2026-04-24T09:03:36.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283966119.md) - [en](https://longbridge.com/en/news/283966119.md) - [zh-HK](https://longbridge.com/zh-HK/news/283966119.md) --- # Meridian Bank of Malvern PA | 10-K: FY2025 Revenue: USD 205.49 M 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. #### Consolidated Operational Metrics - **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. - **Net Interest Income**: Increased by $16,682 thousand, or 23.5%, reaching $87,678 thousand in 2025, up from $70,996 thousand in 2024. - **Total Non-Interest Income**: Decreased by -$2,159 thousand, or -5.2%, from $41,339 thousand in 2024 to $39,180 thousand in 2025. - **Total Non-Interest Expense**: Increased by $4,155 thousand, or 5.2%, to $83,304 thousand in 2025 from $79,149 thousand in 2024. - **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. #### Pre-Provision Net Revenue (Non-GAAP) - **Overall**: Increased to $43,554 thousand in 2025 from $33,186 thousand in 2024. - **Segment Breakdown (2025)**: Bank contributed $40,140 thousand, Wealth $2,337 thousand, and Mortgage $1,077 thousand. - **Segment Breakdown (2024)**: Bank contributed $26,698 thousand, Wealth $2,375 thousand, and Mortgage $4,113 thousand. #### Mortgage Banking Segment - **Mortgage Banking Income (Revenue)**: Decreased by -$261 thousand, or -1.2%, from $21,044 thousand in 2024 to $20,783 thousand in 2025. - **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. - **Sales of Residential Loan Servicing Rights (2025)**: Amounted to $979 thousand, associated with $110.2 million of serviced loans. #### Wealth Management Segment - **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. #### Commercial Banking Segment (SBA Lending) - **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. - **Volume of SBA Loans Sold**: $97.8 million in 2025, compared to $59.4 million in 2024. - **Gross Margin on SBA Sales**: Was 7.1% in 2025, down from 8.0% in 2024. #### Loan Portfolio - **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. - **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. - **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. - **Commercial, Industrial & 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. - **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. - **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. - **Residential Mortgage Loans**: Decreased by -$16,430 thousand, or -6.5%, to $236,135 thousand in 2025 from $252,565 thousand in 2024. - **Leases, Net**: Decreased by -$30,498 thousand, or -40.1%, to $45,489 thousand in 2025 from $75,987 thousand in 2024. #### Asset Quality - **Non-Performing Assets to Total Assets**: Increased to 2.38% in 2025 from 1.90% in 2024. - **Total Non-Performing Assets**: Rose to $61,057 thousand in 2025 from $45,401 thousand in 2024. - **Non-Performing Loans to Total Loans (excluding loans at fair value)**: Increased to 2.55% in 2025 from 2.24% in 2024. - **Total Non-Performing Loans**: Increased to $55,060 thousand in 2025 from $45,125 thousand in 2024. - **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. - **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. - **Specific Reserves against Individually Evaluated Loans**: Increased to $3,400 thousand in 2025 from $2,700 thousand in 2024. - **Other Real Estate Owned (OREO)**: Increased to $3,592 thousand (4 properties) in 2025 from $159 thousand (1 property) in 2024. - **Repossessed Assets**: Increased to $2,405 thousand in 2025 from $117 thousand in 2024. #### Deposits - **Total Deposits**: Increased by $152,760 thousand, or 7.6%, to $2,158,128 thousand in 2025 from $2,005,368 thousand in 2024. - **Non-Interest Bearing Deposits**: Increased by $4,519 thousand, or 1.9%, to $245,377 thousand in 2025 from $240,858 thousand in 2024. - **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. - **Deposit Mix (December 31, 2025)**: Consisted of 52% business accounts, 14% consumer accounts, 12% municipal deposits, and approximately 22% wholesale funding. #### Capital Resources - **Tier I Capital to Risk-Weighted Assets (Corporation)**: Increased to 8.7% in 2025 from 8.1% in 2024. - **Tangible Common Equity to Tangible Assets Ratio (Non-GAAP)**: Increased to 7.67% in 2025 from 7.05% in 2024. - **Community Bank Leverage Ratio (CBLR) (Bank)**: Increased to 9.50% in 2025 from 9.21% in 2024. #### Liquidity - **Available Liquidity**: Increased to $346.3 million in 2025 from $315.8 million in 2024. - **Unfunded Loan Commitments (December 31, 2025)**: Totaled $651.3 million, with a reserve of $976 thousand. #### Outlook / Guidance 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. 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