Meridian Corp (MRBK)
Meridian Corp. is a bank holding company, which engages in the provision of commercial and consumer banking services. It operates through the following segments: Banking, Meridian Wealth, and Mortgage Banking. The Banking segment consists of commercial and retail banking. The Meridian Wealth segment offers wealth management services and products. The Mortgage Banking segment consists of the central loan production facility and retail and profit sharing loan production offices. The company was founded by Christopher J. Annas on June 8, 2009 and is headquartered in Malvern, PA.
Address
9 OLD LINCOLN HIGHWAY
MALVERN, PA 19355
Founded
2009
Number of Employees
324
Website
http://www.meridianbanker.com
Buyback
Buyback Data | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
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$ Amount Purchased ($ in 000s ) |
- | - | - | - | - | $62 | $5,756 | $3,017 | $12,838 | $4,470 | - | $5,228 |
Average Price | - | - | - | - | - | $9.19 | $9.09 | $14.14 | $11.84 | $11.56 | - | $11.25 |
# Shares Purchased | - | - | - | - | - | 6,750 | 633,250 | 213,386 | 1,084,232 | 386,783 | - | 464,880 |
Buyback Performance | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
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Total Return to Date | - | - | - | - | - | 19.8% | 21.0% | -22.2% | -7.1% | -4.8% | - | -2.2% |
S&P 500 Return to Date | - | - | - | - | - | 93.1% | 74.8% | 31.7% | 37.3% | 31.3% | - | 53.6% |
Excess Total Return | - | - | - | - | - | -73.4% | -53.8% | -53.9% | -44.4% | -36.1% | - | -55.8% |
Quartile Rank |
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Percentile Rank | - | - | - | - | - | 47% | 42% | 29% | 39% | 33% | - | 41% |
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.
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