Meridian Corporation (MRBK) Income Statement
MRBK 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMRBK revenue and net income
Where MRBK's revenue goes
2025Each bar shows an amount and its share of revenue. MRBK kept 10.6% of revenue as net income.
MRBK profit margins
MRBK growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.1% | +16.4% | +6.6% | +13.4% |
| Gross profit | +10.7% | +0.7% | −2.6% | +7.8% |
| Operating income | +30.4% | +0.6% | −3.8% | +11.6% |
| Net income | +33.6% | +0.0% | −3.8% | +13.4% |
| EPS (diluted) | +30.3% | +1.8% | −2.7% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MRBK quarterly EPS vs estimates
Meridian beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 22, 2026 (estimate $0.46).
MRBK income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $205.5M | $197.4M | $168.6M | $130.4M | $159.5M | $149.6M | $85.8M | $73.8M | $68.4M | $67.1M |
| Cost of revenue | $93.8M | $96.4M | $74.5M | $21.1M | $9.5M | $22.0M | $17.4M | $13.0M | $8.9M | $6.4M |
| Gross profit | $111.7M | $100.9M | $94.1M | $109.4M | $150.0M | $127.6M | $68.3M | $60.8M | $59.5M | $60.7M |
| Sales, general & admin | $55.2M | $8.1M | $51.1M | $60.0M | $82.6M | $75.0M | $37.6M | $38.0M | $42.3M | $43.2M |
| Total operating expenses | $83.3M | $79.1M | $77.1M | $81.4M | $103.7M | $93.1M | $54.8M | $50.3M | $53.7M | $53.2M |
| Operating income | $28.4M | $21.8M | $17.0M | $27.9M | $46.3M | $34.5M | $13.5M | $10.5M | $5.8M | $7.5M |
| Interest income | $166.3M | $156.0M | $128.0M | $88.7M | $71.5M | $62.7M | $52.9M | $44.1M | $35.7M | $31.0M |
| Interest expense | $78.6M | $85.0M | $67.6M | $18.6M | $8.4M | $13.7M | $16.5M | $11.4M | $6.8M | $5.2M |
| Income before taxes | $28.4M | $21.8M | $17.0M | $27.9M | $46.3M | $34.5M | $13.5M | $10.5M | $5.8M | $7.5M |
| Income taxes | $6.6M | $5.4M | $3.7M | $6.1M | $10.7M | $8.1M | $3.0M | $2.3M | $2.8M | $2.6M |
| Net income | $21.8M | $16.3M | $13.2M | $21.8M | $35.6M | $26.4M | $10.5M | $8.2M | $3.0M | $4.9M |
| EBITDA | $28.4M | $24.1M | $19.4M | $29.0M | $41.5M | $32.5M | $14.4M | $11.9M | $6.7M | $9.3M |
| EPS (diluted) | $1.89 | $1.45 | $1.15 | $1.79 | $2.90 | $2.17 | $1.03 | $0.83 | $0.64 | $1.05 |
| Gross margin | 54.4% | 51.1% | 55.8% | 83.8% | 94.1% | 85.3% | 79.7% | 82.4% | 86.9% | 90.5% |
| Operating margin | 13.8% | 11.0% | 10.1% | 21.4% | 29.0% | 23.1% | 15.8% | 14.2% | 8.5% | 11.2% |
| Net margin | 10.6% | 8.3% | 7.9% | 16.7% | 22.3% | 17.7% | 12.2% | 11.1% | 4.4% | 7.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $50.7M | $47.7M | $53.4M | $53.1M | $52.5M | $46.5M | $53.3M | $51.1M | $47.7M | $45.2M | $44.5M | $43.5M |
| Cost of revenue | $21.0M | $17.5M | $22.5M | $22.8M | $23.9M | $24.6M | $24.3M | $24.4M | $24.3M | $23.5M | $24.0M | $18.3M |
| Gross profit | $29.7M | $30.2M | $31.0M | $30.2M | $28.6M | $21.9M | $29.0M | $26.8M | $23.4M | $21.7M | $20.4M | $25.2M |
| Sales, general & admin | $14.4M | $20.2M | $14.0M | $14.5M | $14.5M | $12.2M | $13.3M | $1.8M | $12.4M | $11.3M | $15.6M | $13.3M |
| Total operating expenses | $22.2M | $24.2M | $21.7M | $21.5M | $21.4M | $18.7M | $21.4M | $20.5M | $19.0M | $18.2M | $19.7M | $20.0M |
| Operating income | $7.5M | $6.1M | $9.3M | $8.7M | $7.3M | $3.1M | $7.6M | $6.2M | $4.4M | $3.6M | $726,000 | $5.2M |
| Interest income | $40.8M | $40.7M | $42.8M | $43.1M | $41.2M | $39.2M | $40.0M | $40.3M | $38.5M | $37.2M | $36.3M | $35.5M |
| Interest expense | $18.0M | $17.5M | $19.2M | $20.0M | $20.1M | $19.4M | $20.7M | $22.1M | $21.6M | $20.6M | $19.4M | $18.2M |
| Income before taxes | $7.5M | $6.1M | $9.3M | $8.7M | $7.3M | $3.1M | $7.6M | $6.2M | $4.4M | $3.6M | $726,000 | $5.2M |
| Income taxes | $1.7M | $1.4M | $2.1M | $2.0M | $1.7M | $746,000 | $2.0M | $1.5M | $1.1M | $877,000 | $156,000 | $1.2M |
| Net income | $5.8M | $4.7M | $7.2M | $6.7M | $5.6M | $2.4M | $5.6M | $4.7M | $3.3M | $2.7M | $570,000 | $4.0M |
| EBITDA | $7.7M | $6.2M | $8.1M | $8.4M | $7.6M | $3.5M | $8.6M | $5.3M | $4.3M | $5.8M | $1.3M | $6.8M |
| EPS (diluted) | $0.48 | $0.39 | $0.61 | $0.58 | $0.49 | $0.21 | $0.49 | $0.42 | $0.30 | $0.24 | $0.05 | $0.35 |
| Gross margin | 58.6% | 63.3% | 57.9% | 57.0% | 54.6% | 47.1% | 54.4% | 52.4% | 49.1% | 48.1% | 45.9% | 57.9% |
| Operating margin | 14.8% | 12.7% | 17.4% | 16.3% | 13.9% | 6.8% | 14.2% | 12.2% | 9.2% | 7.9% | 1.6% | 12.0% |
| Net margin | 11.5% | 9.9% | 13.4% | 12.5% | 10.7% | 5.2% | 10.5% | 9.3% | 7.0% | 5.9% | 1.3% | 9.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MRBK's financial statements (latest annual report filed March 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MRBK financial results
In fiscal year 2025 (ended December 31, 2025), Meridian reported revenue of $205.5 million, up 4.1% from the year before. It had net income of $21.8 million (up 33.6%), a net profit margin of 10.6%. Diluted earnings per share came to $1.89. Over five years revenue grew at an average rate of 6.6% a year.
See the MRBK stock overview for the latest quote and news, or the MRBK chart for price history and technical indicators.
MRBK income statement FAQ
What is Meridian's annual revenue?
Meridian reported total revenue of $205.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 4.1% from $197.4 million the previous year.
Is Meridian profitable?
Yes. Meridian reported net income of $21.8 million in fiscal 2025, a net profit margin of 10.6%; its operating margin was 13.8%.
What is Meridian's gross margin?
Meridian's gross margin was 54.4% in fiscal 2025: for every $100 of revenue, Meridian kept $54 after the direct cost of its products and services.
How fast is Meridian growing?
Revenue grew 6.6% a year on average over the last five fiscal years, from $149.6 million to $205.5 million.
What are Meridian's earnings per share?
Meridian earned $1.89 per diluted share in fiscal 2025, compared with $1.45 a year earlier.
When will Meridian report its next earnings?
Meridian is expected to report results for the quarter ending September 30, 2026 on October 22, 2026.
When does Meridian's fiscal year end?
Meridian's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 13, 2026.