Meridian Corporation (MRBK)
Meridian Corporation operates in the Banks - Regional industry of the Financial Services sector, headquartered in Malvern, PA, US. The stock last traded at $19.95, up 0.71% on the session, giving a market capitalisation of $237.2M. On trailing twelve-month figures it carries a trailing P/E of 9.50, a net margin of 11.9%. Its beta of 0.64 implies it has historically moved less than the broad market.
Meridian Corporation functions as the parent company for Meridian Bank, which provides a comprehensive range of commercial banking products and services throughout Pennsylvania, New Jersey, Delaware, and Maryland. The bank's deposit offerings include various account types such as non-interest-bearing and interest-bearing demand accounts, savings accounts, money market accounts, and certificates of deposit. It extends commercial and industrial financing solutions, encompassing business lines of credit, term loans, small business lending, lease financing, and participation in shared national credit facilities. Additionally, Meridian Bank funds commercial real estate endeavors, as well as land development and construction projects for both residential and commercial properties. Other services include consumer and home equity lending, private banking, merchant services, and title and land settlement assistance. The company is also engaged in originating and servicing mortgage loans for 1-4 family residences. Its expanded service portfolio features real estate holding, investment advisory, and equipment leasing options. With its corporate headquarters located in Malvern, Pennsylvania, the institution operates through a network comprising six full-service branches and nineteen other satellite offices. Meridian Corporation was founded in 2004.
Meridian Corporation is most often compared with the following Financial Services names: