Meridian (MRBK) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Meridian

NasdaqGS•Financial Services•Banks - Regional

$19.81+0.33(0.02%)Market closed

Market Cap

$225.91M

P/E

10.4x

P/S

1.1x

P/B

1.1x

Meridian Corporation operates as the bank holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, Maryland, and Florida. It provides various deposit products, such as demand non-interest and interest bearing, savings, and money market accounts, as well as time deposits. The company also offers commercial and industrial loans, including business lines of credit, term loans, small business lending, lease financing, shared national credits, and other financing; commercial real estate, and land development and construction loans for residential and commercial projects; and consumer and home equity lending, private banking, merchant, and title insurance and land settlement services. In addition, it operates and originates mortgage loans for 1-4 family dwellings; and offers real estate holding, investment advisory, and equipment leasing services, as well as provides financial planning and wealth management services. The company was founded in 2004 and is headquartered in Malvern, Pennsylvania.

How this company scores

WeakMetricSide Score: 61/100

Grade capped at D — Interest coverage below 1× (0.4x) — earnings cannot cover interest. Strongest: Profitability (21/25); weakest: Cash & Earnings Quality (8/25).

Profitability21/25

Growth16/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality8/25

Strengths

Rising earningsLow leverageProfit converts from growthImproving leverage

Grade capped at D

Interest coverage below 1× (0.4x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 10.4x5y range 4.7x – 12.4x

Currently near its 20-quarter median.

P/S · 1.1x5y range 0.6x – 1.4x

Currently near its 20-quarter median.

P/B · 1.1x5y range 0.7x – 1.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Watch

4 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Price & Volume

Market Cap $225.91M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $204.91M
Q. Revenue: $50.66M
TTM EBITDA: $27.99M
TTM Op. Income: $28.04M
Q. Op. Income: $7.48M
TTM Net Income: $21.66M
Q. Net Income: $5.81M
EPS: $0.49
Shares Out.: $11.86M

$204.91M in TTM revenue grew 0.7% YoY, reaching $50.66M last quarter. TTM EBITDA of $27.99M and TTM operating income of $28.04M show growth is flowing through to the bottom line. TTM net income of $21.66M means revenue is converting into profit. Over the past year, TTM revenue is up 1% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 64.5%
EBITDA Margin: 15.1%
Op. Margin: 14.8%
Net Margin: 11.5%

Op. margin of 14.8% is up 0.9% YoY — cost efficiency is improving. Net margin at 11.5% and gross margin of 64.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 6% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 10.4x
P/S Ratio: 1.1x
P/B Ratio: 1.1x

At 10.4x P/E, the stock trades below typical market levels. P/S of 1.1x and P/B of 1.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 4 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.59B
Cash: $36.21M
Long-Term Debt: $49.70M
Book Value: $204.81M
D/E Ratio: 0.2
Debt/EBITDA: 6.5

With $2.59B in assets and $49.70M in long-term debt, D/E is 0.2and book value is $204.81M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 5 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-930,000
TTM Free Cash Flow: $18.62M
FCF Margin: 9.1%
FCF / Net Income: 0.9

TTM FCF of $18.62M on $-930,000 in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 50% — an improving trend.