Meridian Corporation (Nasdaq: MRBK) reported a net income of $7.2 million, or $0.61 per diluted share, for the quarter ended December 31, 2025, up 8% from the previous quarter. Pre-provision net revenue for the quarter was $12.6 million, a 13% improvement from Q4’2024. Total assets were $2.6 billion at the end of 2025. Commercial loans increased by $35.2 million from the prior quarter.

Chairman and CEO Christopher J. Annas stated that Meridian’s fourth-quarter earnings grew by 7.9% to $7.2 million, with annual earnings growing by 33.6% over 2024 to $21.8 million. The bank saw a 10.7% growth in core commercial, industrial, and real estate loan portfolios through new and existing relationships. The net interest margin improved throughout 2025 due to lower deposit rates.

Meridian’s wealth management segment produced pre-tax income of $2.3 million, with assets under management growing by 7.8%. The mortgage segment earned pre-tax income of $1.1 million, with mortgage revenue down by 1.3% from the prior year. Meridian’s consistent organic growth over the past 22 years has been defined by being opportunistic during times of turmoil.

Net interest income decreased by $286 thousand quarter-over-quarter, driven by lower yields offset by increased average balances of interest-earning assets. Total non-interest income increased by $662 thousand, driven by gains on investment securities and favorable fair value changes. Non-interest expenses slightly increased by $112 thousand from the previous quarter.

The provision for credit losses for the fourth quarter increased by $437 thousand to $3.3 million, mostly due to higher net charge-offs. Non-interest expenses increased by $112 thousand, while income tax expense was up by $97 thousand. Net interest margin remained at 3.77% for the fourth quarter of 2025.

Overall, Meridian Corporation’s financial results reflect a strong performance in the fourth quarter of 2025, with improvements in net income, pre-provision net revenue, and asset quality metrics. The bank’s focus on sustainable loan growth and strategic investments in key segments positions them well for continued success in the future.

Read more at GlobeNewswire: Meridian Corporation Reports Fourth Quarter 2025 Results