MRBK (Meridian) Net Interest Income (for Banks) : $68.6 Mil (As of Sep. 2024)

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What is Meridian Net Interest Income (for Banks)?

Net interest income is the income earned by banks from the fund they have on their balance sheet. Meridian's net interest income for the three months ended in Sep. 2024 was $18.2 Mil. Its net interest income for the trailing twelve months (TTM) ended in Sep. 2024 was $68.6 Mil.

Meridian's quarterly net interest income increased from Mar. 2024 ($16.6 Mil) to Jun. 2024 ($16.8 Mil) and increased from Jun. 2024 ($16.8 Mil) to Sep. 2024 ($18.2 Mil).

Meridian's annual net interest income increased from Dec. 2021 ($63.1 Mil) to Dec. 2022 ($70.1 Mil) but then declined from Dec. 2022 ($70.1 Mil) to Dec. 2023 ($68.9 Mil).

Meridian Net Interest Income (for Banks) Historical Data

The historical data trend for Meridian's Net Interest Income (for Banks) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Meridian Net Interest Income (for Banks) Chart

Meridian Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Interest Income (for Banks)

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36.34

49.00

63.11

70.13

68.94

Meridian Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Net Interest Income (for Banks)	Get a 7-Day Free Trial															17.22	16.94	16.61	16.85	18.24

Meridian Net Interest Income (for Banks) Calculation

Income earned by banks from the fund they have on their balance sheet. These funds can be from customers' deposit, bank's own equity or borrowed.

Net Interest Income (for Banks) for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $68.6 Mil.

Meridian Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Meridian Corp (NAS:MRBK) » Definitions » Net Interest Income (for Banks)

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Old Lincoln Highway, Malvern, PA, USA, 19335

Website

https://www.meridianbanker.com

Meridian Corp is a full-service, state-chartered commercial bank providing personal, business lending, and deposit services. It operates in three business segments including Bank, Wealth, and Mortgage. It generates maximum revenue from the Bank segment that consists of commercial and retail banking. It generates interest income from its lending (including leasing) and investing activities and is dependent on the gathering of lower-cost deposits from its branch network or borrowed funds from other sources for funding its loans, resulting in the generation of net interest income, and other sources.

Executives

Christopher J. Annas	director, officer: Chairman & CEO	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Anthony Mark Imbesi	director	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Denise Lindsay	director, officer: Exec Vice President and CFO	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Robert T. Holland	director	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Edward J. Hollin	director	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Robert M. Casciato	director	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Christine Marie Helmig	director	575 WELLINGTON SQUARE, UNIT 205, EXTON PA 19341
Collier George C. Iii	director	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Charles D. Kochka	officer: Chief Lending Officer	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Kenneth H. Slack	director	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Joseph L. Cafarchio	officer: Chief Credit Officer	9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Randall J Mcgarry	officer: Chief Information Officer	4390 DAVISVILLE ROAD, HATBORO PA 19040