Meridian Corporation (MRBK) investor relations material

Executive summary

• Net income for Q2 2026 was $5.8 million ($0.48 per diluted share), up 189.5% from the prior quarter, driven by higher non-interest income and a lower provision for credit losses.

• Pre-provision net revenue reached $10.4 million, a 3.6% increase quarter-over-quarter.

• Board declared a $0.14 per share quarterly dividend, payable August 17, 2026.

Financial highlights

• Total assets grew to $2.6 billion, up $16.6 million (0.6%) from March 31, 2026.

• Net interest income was $22.8 million, down $0.4 million sequentially.

• Non-interest income rose 40.4% to $9.9 million, led by mortgage banking and SBA loan income.

• Non-interest expense increased 10.3% to $22.2 million, mainly from higher salaries, advertising, and OREO expenses.

• Return on average assets was 0.90%; return on average equity was 11.42%.

Outlook and guidance

• Mortgage originations for Q3 look promising, though refinancing activity is down due to rising rates.

• SBA loan sale income expected to be more consistent as the business model is adjusted.

• New payments team hired to expand deposit franchise and fee income opportunities.