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Stock impact report

Meridian Corporation Reports Fourth Quarter 2023 Results and Announces a Quarterly Dividend of $0.125 per Common Share [Yahoo! Finance]

Meridian Corporation (MRBK) 
Last meridian corporation earnings: 1/27 09:00 am Check Earnings Report
US:NASDAQ Investor Relations: ebsb.com/investor-relations
Company Research Source: Yahoo! Finance
(Dollars in thousands, except per share data)((Unaudited) December 31, September 30, December 31, December 31, Income: Net income Diluted earnings per common share Pre-tax, pre-provision income (1) Pre-tax, pre-provision income - Bank (1) (1) See Non-GAAP reconciliation in the Appendix Total assets at December 31, 2023 and September 30, 2023 were $2.2 billion, compared to $2.1 billion at December 31, 2022. Commercial loans, excluding leases, increased $15.7 million for the quarter and $114.6 million, or 9%, year over year. Pre-tax, pre-provision income for the Bank was $5.8 million for the quarter and $27.8 million for the year. Net interest margin was 3.18% for the fourth quarter of 2023, with a loan yield of 7.15%. Net interest margin was 3.35% with a loan yield of 6.94% for the year. On January 25, 2024, the Board of Directors declared a quarterly cash dividend of $0.125 per common share, payable February 20, 2024 to shareholders of record as of Febru Show less Read more
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