Quarterly ResultApr 23, 2026, 03:26 PM
Meridian Corp Q1 2026 Net Income $4.7M; Declares $0.14 Dividend
AI Summary
Meridian Corporation reported Q1 2026 net income of $4.7 million, or $0.39 per diluted share, a decrease of 34% from the prior quarter but nearly double Q1 2025. The company saw an improvement in net interest margin to 3.82% and a 21% increase in pre-provision net revenue year-over-year. The Board of Directors also declared a quarterly cash dividend of $0.14 per common share.
Key Highlights
- Net income for Q1 2026 was $4.7 million, down 34% from prior quarter.
- Diluted EPS was $0.39, down from $0.61 in prior quarter.
- Pre-provision net revenue (PPNR) was $10.1 million, up 21% from Q1 2025.
- Net interest margin improved to 3.82% from 3.46% in Q1 2025.
- Quarterly cash dividend of $0.14 per common share declared.