Meridian Corporation Reports First Quarter 2024 Results and Announces a Quarterly Dividend of $0.125 per Common Share

April 26, 2024

https://www.globenewswire.com/news-release/2024/04/26/2870628/0/en/Meridian-Corporation-Reports-First-Quarter-2024-Results-and-Announces-a-Quarterly-Dividend-of-0-125-per-Common-Share.html

MALVERN, Pa., April 26, 2024 (GLOBE NEWSWIRE) — Meridian Corporation (Nasdaq:MRBK) today reported:

Christopher J. Annas, Chairman and CEO commented, “Our first quarter earnings improved measurably from last quarter, totaling $2.7 million and $0.24 cents per share. We continue to manage through the dramatic rate rise effects, both with our bank and with our customers. The net interest margin contracted to 3.09% for the quarter, but shows signs of stabilizing.

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