{"url":"https://newsforagent.com/news/2026-10-30/meridian-corporation-q3-income-dividend","markdown_url":"https://newsforagent.com/news/2026-10-30/meridian-corporation-q3-income-dividend.md","title":"Meridian Corporation Q3 Net Income Falls 10.3% to $5.2 Million","headline":"Meridian Corporation Posts $5.2 Million Q3 Profit, Declares $0.14 Dividend","description":"Meridian Corporation reported third-quarter 2026 net income of $5.2 million, down 10.3%, and declared a $0.14 quarterly dividend payable November 16.","section":"Earnings & Results","published_at":"2026-10-30T20:37:49+00:00","modified_at":"2026-10-30T20:37:49+00:00","author":"News Desk","key_takeaways":["Meridian Corporation reported third-quarter 2026 net income of $5.2 million, or $0.43 per diluted share, down 10.3% from the prior quarter.","The board declared a quarterly cash dividend of $0.14 per common share, payable November 16, 2026 to shareholders of record as of November 9, 2026.","Non-performing loans fell $3.8 million to $78.3 million at September 30, 2026, and another $2.7 million settled after quarter-end."],"companies":[{"name":"Meridian Corporation","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00ypsr8/meridian-corporation","website":"https://investor.meridianbanker.com"}],"source":{"publisher":"Stock Titan","title":"Meridian Q3 earnings: net income falls 10.3% to $5.2M","url":"https://www.stocktitan.net/news/MRBK/meridian-corporation-reports-third-quarter-2026-results-and-scyrr89319w8.html"},"other_sources":[],"tags":["Earnings & Results","Meridian Corporation"],"body_markdown":"[Meridian Corporation](https://akta.pro/company-profiles/00ypsr8/meridian-corporation) reported third-quarter 2026 net income of $5.2 million, or $0.43 per diluted share, down 10.3% from the prior quarter, and declared a $0.14 quarterly dividend. [Stock Titan](https://www.stocktitan.net/news/MRBK/meridian-corporation-reports-third-quarter-2026-results-and-scyrr89319w8.html) published the results on October 30, 2026. Meridian is the Malvern, Pennsylvania-based parent of Meridian Bank, a community bank operating in Pennsylvania, New Jersey, Delaware, Maryland and Florida.\n\n## Meridian's Third-Quarter Income and Margin\n\nNet income fell $600 thousand from the second quarter. The company attributed the decline largely to a $3.2 million decrease in non-interest income and a $799 thousand increase in non-interest expense, partly offset by a $1.8 million decrease in the provision for credit losses and an $894 thousand decrease in income tax expense.\n\nNet interest margin was 3.77%, up 8 basis points from the prior quarter. Return on average assets was 0.80% and return on average equity was 9.97%. Non-performing loans decreased $3.8 million from June 30, 2026 to September 30, 2026, and another $2.7 million settled after September 30, 2026, a combined reduction of $6.5 million or 8%.\n\nWealth management income was $1.9 million, up 10.0% over the prior quarter. Mortgage banking income fell $1.3 million, and SBA loan income decreased $927 thousand.\n\nChristopher J. Annas, Chairman and CEO, said: \"The Meridian team delivered a solid third quarter and strong net interest margin.\" He added that the mortgage group \"had a down third quarter, which is historically the most productive, as closed loans declined 27% from the prior quarter.\"\n\n## Meridian's Dividend and Balance Sheet\n\nOn October 29, 2026, the board declared a quarterly cash dividend of $0.14 per common share, payable November 16, 2026 to shareholders of record as of November 9, 2026. Total assets were $2.6 billion at September 30, 2026, down 0.8% from June 30, 2026, and total deposits decreased 1.3% over the same period.\n\n## Meridian's Florida Branch and Board Changes\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Meridian Bank opened a full-service branch in Bonita Springs, Florida, in November 2025, converting a prior loan production office into a complete banking location. The same records show the appointment of Ken Warriner to the board in April 2026 following George Collier's retirement after 21 years of service.\n\n## Meridian's Earlier 2026 Disclosures\n\nIn May 2026, Meridian reported revised first-quarter 2026 results with net income of $2.0 million, down 72% from the prior quarter, and a $0.14 quarterly dividend payable May 11, according to GlobeNewswire. In August 2026, Simply Wall St noted the stock was set to go ex-dividend on August 10, with a payment of $0.14 per share scheduled for August 17.\n\n## Meridian's Dividend Payment Date\n\nThe $0.14 per share dividend is scheduled for payment on November 16, 2026 to shareholders of record as of November 9, 2026.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}