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Meridian MRBK Mortgage — Occupancy and equipment

Other segment segments

Bank
$919K+15.6%
Wealth
$18K+157%

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BOTJMortgage — Occupancy Net
$32K0.0%
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BOTJMortgage — Equipment Expense
$14K0.0%

Other financials

Income statement

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Revenue$30.2M+11.6%
Net income$2.0M-16.4%
EPS (diluted)$0.17-19.0%

Balance sheet

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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

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Operating cash flow$2.9M-84.2%
CapEx$227.0K-12.4%
Free cash flow$2.6M-85.2%

Valuation

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Market cap$238.16M+68.8%
Enterprise value$320.14M+56.7%
P/E11.1×+3.4×
P/S1.8×+0.7×

Profitability

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Net margin16.5%+2.5pp
FCF margin16.4%-12.9pp

Returns & leverage

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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:OccupancyNet.

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 mortgage — occupancy and equipment?
Meridian (MRBK) reported mortgage — occupancy and equipment of $246K in Q1 2026.
How has Meridian's mortgage — occupancy and equipment changed year-over-year?
Meridian's mortgage — occupancy and equipment decreased by 54.1% year-over-year, from $536K to $246K.
What is the long-term trend for Meridian's mortgage — occupancy and equipment?
Over 2 years (2023 to 2025), Meridian's mortgage — occupancy and equipment has grown at a -14.9% compound annual growth rate (CAGR), from $1.92M to $1.39M.
What does mortgage — occupancy and equipment mean?
Costs associated with maintaining physical office spaces, branch facilities, and the necessary hardware or equipment used by the mortgage segment. It serves as a measure of the fixed overhead required to sustain the segment's physical operational footprint.