What is Meridian's foreclosed assets?

Meridian (MRBK) reported foreclosed assets of $6.01M in Q1 2026.

How has Meridian's foreclosed assets changed year-over-year?

Meridian's foreclosed assets increased by 3679.2% year-over-year, from $159K to $6.01M.

What does foreclosed assets mean?

These are real estate or other properties acquired by the bank through the foreclosure process after a borrower defaults on a loan. The bank holds these assets with the intent to sell them to recover the outstanding loan balance. High levels of these assets indicate elevated credit risk and potential future losses.

Meridian MRBK Foreclosed Assets

Foreclosed Assets at other companies

Midland States BancorpMSBI

$514K-87.7%

First Internet BancorpINBK

$1.95M+28.1%

Eagle BancorpEGBN

$2.06M-16.3%

Customers BancorpCUBI

$12.51M—

Valley National BankVLY

$5.2M-32.5%

Hanover BancorpHNVR

$650K—

Other financials

Income statement

See full

Revenue$30.2M+11.6%

Net income$2.0M-16.4%

EPS (diluted)$0.17-19.0%

Balance sheet

See full

Cash & equivalents$28.3M-78.5%

Total debt$110.2M+5.2%

Total equity$200.2M+15.4%

Total assets$2.6B+1.9%

Cash flow

See full

Operating cash flow$2.9M-84.2%

CapEx$227.0K-12.4%

Free cash flow$2.6M-85.2%

Valuation

See full

Market cap$238.16M+68.8%

Enterprise value$320.14M+56.7%

P/E11.1×+3.4×

P/S1.8×+0.7×

Profitability

See full

Net margin16.5%+2.5pp

FCF margin16.4%-12.9pp

Returns & leverage

See full

Return on equity11.5%+1.8pp

Debt / equity0.6×-0.1×

Where this comes from

Reported directly by Meridian in its filing.

Tagged under the XBRL concept us-gaap:OtherRealEstateAndForeclosedAssets.

The official record: Meridian’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Meridian's foreclosed assets?: Meridian (MRBK) reported foreclosed assets of $6.01M in Q1 2026.
How has Meridian's foreclosed assets changed year-over-year?: Meridian's foreclosed assets increased by 3679.2% year-over-year, from $159K to $6.01M.
What does foreclosed assets mean?: These are real estate or other properties acquired by the bank through the foreclosure process after a borrower defaults on a loan. The bank holds these assets with the intent to sell them to recover the outstanding loan balance. High levels of these assets indicate elevated credit risk and potential future losses.