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Meridian Bank

Malvern, PA · Cert 57777 · Meridian Corp.

State charter, non-member · FDIC · 7 branches

Q2 2026

$2.6BAssets
$2.2BLoans
$2.2BDeposits
$249.5MEquity
Loan mix
78%RE $1.7B22%C&I $0.5B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
89%Interest-bearing $1.9B11%Noninterest $0.3BQ2 2025Q2 2026

NIM

6.60%Q2 ’246.60%Q2 ’256.29%Q2 ’26+18%+3%

Non-interest income vs. expense

3.23%Q2 ’243.36%Q2 ’253.38%Q2 ’26-5%+19%

Market Position · Philadelphia-Camden-Wilmington, PA-NJ-DE-MD · 2026 SOD (annual) · 0.3% share · #19 of 88 inst. · $2.2B of $685.1B

7.0% Delaware
2.9% Chester
0.9% Bucks
0.6% Montgomery

Executive Summary

  • Earnings: ROA of 1.06%, down 1 bps year over year; NIM at 3.68%.
  • Asset quality: problem loans at 3.68% of loans (+133 bps YoY), with net charge-offs at 0.46%.
  • Capital: tier 1 leverage ratio of 9.72%, up 40 bps from a year ago.
  • Funding: loans stand at 101.49% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.06%-1 bps YoY

Net Interest Margin (quarter, annualized)

3.68%+10 bps YoY

Efficiency Ratio (quarter, annualized)

64.92%+240 bps YoY

Tier 1 Leverage Ratio

9.72%+40 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.07%1.24%1.30%0.46%1.06%-1 bps
Return on Equity11.96%13.53%13.84%4.81%11.09%-88 bps
Net Interest Margin3.57%3.81%3.81%3.76%3.68%+10 bps
Efficiency Ratio62.53%61.85%60.86%63.76%64.92%+240 bps
Non-Interest Burden1.57%1.77%1.71%2.01%1.86%+29 bps
Growth
Asset Growth (YoY)6.86%6.51%7.49%1.98%3.22%-363 bps
Loan Growth (YoY)5.36%6.61%6.86%5.75%3.74%-162 bps
Deposit Growth (YoY)10.24%7.93%7.72%1.97%4.04%-620 bps
Asset Quality
Nonperforming Loans / Loans2.35%2.53%2.50%2.64%3.68%+133 bps
Net Charge-Offs / Loans0.67%0.35%0.64%1.40%0.46%-21 bps
Allowance / Loans0.97%0.99%0.98%0.96%0.96%-1 bps
Allowance Coverage of NPLs0.4x0.4x0.4x0.4x0.3x-0.2x
Capital
Tier 1 Leverage Ratio9.32%9.41%9.50%9.58%9.72%+40 bps
Total Risk-Based Capital9.32%9.41%9.50%9.58%9.72%+40 bps
Equity / Assets9.09%9.29%9.53%9.50%9.63%+54 bps
Liquidity & Funding
Loans / Deposits101.79%102.57%101.89%102.16%101.49%-30 bps
Liquid Assets / Assets2.42%2.30%2.20%1.81%2.16%-26 bps
CRE / Total Capitaln/a457%457%457%n/an/a