MRBK
Meridian Bank
NASDAQ: MRBK · FINANCIAL SERVICES · BANKS - REGIONAL
$18.19
+0.55% today
Updated 2026-05-08
Market cap
$216.08M
P/E ratio
8.79
P/S ratio
1.86x
EPS (TTM)
$2.07
Dividend yield
2.93%
52W range
$11 – $22
Volume
0.1M
Meridian Bank (MRBK) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $32.19M | $40.54M | $44.26M | $58.49M | $67.14M | $68.39M | $73.78M | $85.76M | $149.57M | $159.51M | $130.44M | $168.55M | $197.37M | $205.49M |
| Revenue growth (YoY) | — | +25.9% | +9.2% | +32.2% | +14.8% | +1.9% | +7.9% | +16.2% | +74.4% | +6.6% | -18.2% | +29.2% | +17.1% | +4.1% |
| Cost of revenue | — | — | $0.00 | $6.02M | $6.39M | $8.94M | $12.98M | $17.43M | $21.96M | $9.48M | $21.08M | $74.46M | $96.43M | $93.79M |
| Gross profit | $32.19M | $40.54M | $44.26M | $52.47M | $60.75M | $59.45M | $60.79M | $68.33M | $127.61M | $150.03M | $109.36M | $94.09M | $100.94M | $111.71M |
| Gross margin | 100.0% | 100.0% | 100.0% | 89.7% | 90.5% | 86.9% | 82.4% | 79.7% | 85.3% | 94.1% | 83.8% | 55.8% | 51.1% | 54.4% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | — | — | $2.29M | $33.92M | $41.48M | $40.07M | $35.68M | $35.16M | $72.15M | $78.87M | $55.63M | $47.38M | $4.77M | $55.86M |
| Operating income | $5.94M | $40.54M | $14.34M | $9.44M | $7.52M | $5.79M | $10.49M | $13.51M | $34.54M | $46.30M | $27.92M | $16.97M | $21.79M | $28.40M |
| Operating margin | 18.5% | 100.0% | 32.4% | 16.1% | 11.2% | 8.5% | 14.2% | 15.8% | 23.1% | 29.0% | 21.4% | 10.1% | 11.0% | 13.8% |
| EBITDA | $-1.00 | $75.20M | $22.09M | $10.25M | $9.31M | $6.75M | $11.91M | $14.38M | $32.46M | $41.49M | $29.00M | $19.44M | $24.09M | $28.40M |
| EBITDA margin | -0.0% | 185.5% | 49.9% | 17.5% | 13.9% | 9.9% | 16.1% | 16.8% | 21.7% | 26.0% | 22.2% | 11.5% | 12.2% | 13.8% |
| EBIT | $5.94M | $81.07M | $28.67M | $9.44M | $7.52M | $5.79M | $10.49M | $13.51M | $34.54M | $46.30M | $27.92M | $16.97M | $21.79M | $28.28M |
| Interest expense | — | — | $0.00 | $4.59M | $5.19M | $6.78M | $11.41M | $16.53M | $13.66M | $8.41M | $18.59M | $67.65M | $85.03M | $78.64M |
| Income tax | $1.90M | $2.00M | $2.27M | $3.25M | $2.60M | $2.75M | $2.33M | $3.03M | $8.10M | $10.72M | $6.09M | $3.72M | $5.44M | $6.57M |
| Effective tax rate | 32.0% | 34.1% | 34.5% | 34.4% | 34.6% | 47.6% | 22.2% | 22.4% | 23.4% | 23.1% | 21.8% | 21.9% | 25.0% | 23.1% |
| Net income | $4.04M | $3.87M | $4.31M | $6.19M | $4.92M | $3.03M | $8.16M | $10.48M | $26.44M | $35.59M | $21.83M | $13.24M | $16.35M | $21.84M |
| Net income growth (YoY) | — | -4.2% | +11.3% | +43.7% | -20.5% | -38.4% | +169.2% | +28.4% | +152.2% | +34.6% | -38.7% | -39.3% | +23.4% | +33.6% |
| Profit margin | 12.5% | 9.5% | 9.7% | 10.6% | 7.3% | 4.4% | 11.1% | 12.2% | 17.7% | 22.3% | 16.7% | 7.9% | 8.3% | 10.6% |