Meridian (MRBK)
Runs commercial banking, mortgage origination, and wealth advice across regional US markets.
$19.49
At close+0.42 (+2.20%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 44 | 44 | 45 | 48 | 51 | 53 | 46 | 52 | 53 | 53 | 48 | 51 |
| Cost of revenue | 18 | 24 | 23 | 24 | 24 | 24 | 25 | 24 | 23 | 22 | 18 | 21 |
| Gross profit | 25 | 20 | 22 | 23 | 27 | 29 | 22 | 29 | 30 | 31 | 30 | 30 |
| 20 | 20 | 18 | 19 | 21 | 21 | 19 | 21 | 22 | 22 | 24 | 22 | |
| 13 | 16 | 11 | 12 | 2 | 13 | 12 | 14 | 14 | 14 | 20 | 14 | |
| Selling & marketing | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| General & administrative | 12 | 15 | 11 | 11 | 1 | 12 | 11 | 13 | 14 | 13 | 19 | 14 |
| Other expenses | 7 | 4 | 7 | 7 | 19 | 8 | 7 | 7 | 7 | 8 | 4 | 8 |
| Operating income | 5 | 1 | 4 | 4 | 6 | 8 | 3 | 7 | 9 | 9 | 6 | 7 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest income | 35 | 36 | 37 | 38 | 40 | 40 | 39 | 41 | 43 | 43 | 41 | 41 |
| Interest expense | 18 | 19 | 21 | 22 | 22 | 21 | 19 | 20 | 20 | 19 | 18 | 18 |
| Income before tax | 5 | 1 | 4 | 4 | 6 | 8 | 3 | 7 | 9 | 9 | 6 | 7 |
| Income tax expense | 1 | 0 | 1 | 1 | 2 | 2 | 1 | 2 | 2 | 2 | 1 | 2 |
| Net income from continuing operations | 4 | 1 | 3 | 3 | 5 | 6 | 2 | 6 | 7 | 7 | 5 | 6 |
| Net income | 4 | 1 | 3 | 3 | 5 | 6 | 2 | 6 | 7 | 7 | 5 | 6 |
| EPS, basic | $0.36 | $0.05 | $0.24 | $0.30 | $0.43 | $0.50 | $0.21 | $0.50 | $0.59 | $0.62 | $0.40 | $0.49 |
| EPS, diluted | $0.35 | $0.05 | $0.24 | $0.30 | $0.42 | $0.49 | $0.21 | $0.49 | $0.58 | $0.61 | $0.39 | $0.48 |
| Weighted average shares, basic | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 12 | 12 | 12 |
| Weighted average shares, diluted | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 |
| EBITDA | 7 | 1 | 6 | 4 | 5 | 9 | 3 | 8 | 8 | 8 | 6 | 7 |
| Depreciation & amortization | 2 | 1 | 2 | 0 | −1 | 1 | 0 | 0 | 0 | −1 | 0 | 0 |
| EBIT | 5 | 1 | 4 | 4 | 6 | 8 | 3 | 7 | 9 | 9 | 6 | 7 |