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Meridian Bank (MRBK)

(Delayed Data from NSDQ)

$9.10 USD

9.10
13,070

+0.08 (0.89%)

Updated Apr 26, 2024 04:00 PM ET

After-Market: $9.42 +0.32 (3.52%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value F Growth C Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 35% (163 out of 252)

Industry: Banks - Northeast

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Balance Sheet

Research for MRBK

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Meridian Bank falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 57 38 23 37 39
Receivables 1,883 1,732 1,373 1,272 958
Notes Receivable 0 0 0 0 0
Inventories 25 22 81 229 34
Other Current Assets 0 0 0 0 0
Total Current Assets 1,965 1,793 1,477 1,538 1,031
Net Property & Equipment 14 13 12 8 0
Investments & Advances 192 182 173 139 77
Other Non-Current Assets 2 2 0 0 0
Deferred Charges 4 4 1 0 2
Intangibles 4 4 4 5 5
Deposits & Other Assets 66 64 46 30 26
Total Assets 2,246 2,062 1,713 1,720 1,150
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 175 122 41 107 124
Accounts Payable 1,823 1,712 1,446 1,241 851
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 10 2 0 1 1
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 2,009 1,837 1,488 1,349 976
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 50 40 41 206 44
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 30 32 20 23 9
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 2,088 1,909 1,548 1,579 1,029
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 13 13 7 6 6
Capital Surplus 80 79 84 81 80
Retained Earnings 101 96 85 59 34
Other Equity -11 -13 -1 1 0
Treasury Stock 26 22 9 6 0
Total Shareholder's Equity 158 153 165 142 121
Total Liabilities & Shareholder's Equity 2,246 2,062 1,713 1,720 1,150
Total Common Equity 158 153 165 142 121
Shares Outstanding 11.10 22.90 12.30 12.20 12.80
Book Value Per Share 14.24 6.69 13.44 11.61 9.43

Fiscal Year End for Meridian Bank falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 57 60 47 109
Receivables NA 1,883 1,875 1,847 1,805
Notes Receivable NA 0 0 0 0
Inventories NA 25 23 40 36
Other Current Assets NA 0 0 0 0
Total Current Assets NA 1,965 1,958 1,935 1,950
Net Property & Equipment NA 14 13 13 13
Investments & Advances NA 192 169 174 192
Other Non-Current Assets NA 2 2 2 2
Deferred Charges NA 4 5 4 4
Intangibles NA 4 4 4 4
Deposits & Other Assets NA 66 80 75 65
Total Assets NA 2,246 2,231 2,207 2,230
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 175 178 195 234
Accounts Payable NA 1,823 1,809 1,783 1,770
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 10 8 6 4
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA 2,009 1,994 1,983 2,008
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 50 50 40 40
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 31 30 28
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 2,088 2,076 2,053 2,077
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 13 13 13 13
Capital Surplus NA 80 80 80 79
Retained Earnings NA 101 102 99 96
Other Equity NA -11 -14 -12 -11
Treasury Stock NA 26 26 26 25
Total Shareholder's Equity NA 158 155 154 153
Total Liabilities & Shareholder's Equity NA 2,246 2,231 2,207 2,230
Total Common Equity 0 158 155 154 153
Shares Outstanding 11.10 11.10 11.10 11.10 11.10
Book Value Per Share 0.00 14.24 13.97 13.87 13.79