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

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ 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
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
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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