XNASMRBK
Market cap154mUSD
Jan 10, Last price
13.71USD
1D
-2.21%
1Q
6.11%
IPO
-23.41%
Name
Meridian Corp
Chart & Performance
Profile
Meridian Corporation operates as the holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, and Maryland. The company offers various deposit products, such as demand non-interest bearing, demand interest bearing, savings accounts, money market accounts, and time deposits. It also provides commercial and industrial loans comprising business lines of credit, term loans, small business lending, lease financing, and shared national credits; commercial real estate, and land development and construction loans for residential and commercial projects; and consumer and home equity lending, private banking, merchant, and title and land settlement services. In addition, the company operates and originates mortgage loans for 1-4 family dwellings; and offers real estate holding, investment advisory, and equipment leasing services. It operates through a network of 6 full-service branches, and 19 other offices. The company was founded in 2004 and is headquartered in Malvern, Pennsylvania.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
Income | |||||||||
Revenues | 94,092 -15.88% | 111,852 -25.97% | |||||||
Cost of revenue | 54,036 | 58,714 | |||||||
Unusual Expense (Income) | |||||||||
NOPBT | 40,056 | 53,138 | |||||||
NOPBT Margin | 42.57% | 47.51% | |||||||
Operating Taxes | 3,724 | 6,091 | |||||||
Tax Rate | 9.30% | 11.46% | |||||||
NOPAT | 36,332 | 47,047 | |||||||
Net income | 13,243 -39.33% | 21,829 -38.66% | |||||||
Dividends | (5,614) | (10,930) | |||||||
Dividend yield | 3.55% | 2.96% | |||||||
Proceeds from repurchase of equity | (4,258) | (12,207) | |||||||
BB yield | 2.69% | 3.30% | |||||||
Debt | |||||||||
Debt current | 122,082 | ||||||||
Long-term debt | 90,341 | 47,327 | |||||||
Deferred revenue | (5,496) | ||||||||
Other long-term liabilities | 1,994,339 | 84,125 | |||||||
Net debt | (150,277) | (179,239) | |||||||
Cash flow | |||||||||
Cash from operating activities | 18,854 | 84,671 | |||||||
CAPEX | (1,823) | (2,907) | |||||||
Cash from investing activities | (164,185) | (393,148) | |||||||
Cash from financing activities | 163,637 | 323,388 | |||||||
FCF | (86,153) | 175,094 | |||||||
Balance | |||||||||
Cash | 56,697 | 173,737 | |||||||
Long term investments | 183,921 | 174,911 | |||||||
Excess cash | 235,913 | 343,055 | |||||||
Stockholders' equity | 104,980 | 90,854 | |||||||
Invested Capital | 2,141,213 | 1,963,489 | |||||||
ROIC | 1.77% | 2.60% | |||||||
ROCE | 1.78% | 2.58% | |||||||
EV | |||||||||
Common stock shares outstanding | 11,387 | 12,204 | |||||||
Price | 13.90 -54.11% | 30.29 -17.62% | |||||||
Market cap | 158,279 -57.18% | 369,659 -19.00% | |||||||
EV | 8,002 | 190,420 | |||||||
EBITDA | 42,533 | 54,215 | |||||||
EV/EBITDA | 0.19 | 3.51 | |||||||
Interest | 67,647 | 18,593 | |||||||
Interest/NOPBT | 168.88% | 34.99% |