What is Meridian's mortgage — pennsylvania bank shares tax?

Meridian (MRBK) reported mortgage — pennsylvania bank shares tax of $0 in Q1 2026.

What does mortgage — pennsylvania bank shares tax mean?

Specific state-level tax obligations levied on the value of bank shares, allocated to the mortgage segment's operations. This represents a regulatory cost of doing business within a specific jurisdiction and impacts the segment's net profitability.

Meridian MRBK Mortgage — Pennsylvania bank shares tax

Other segment segments

Bank

$254K-3.8%

Wealth

$4K-20.0%

Similar metrics at other companies

CZNCPennsylvania Shares Tax1

$585K+17.9%

CZFSPennsylvania Shares Tax

$377K+18.2%

CZFSPennsylvania Shares Tax

$377K+18.2%

BRBSMortgage Banking — Taxes Other

-$10.25K—

MPBShares tax

$964K+4.9%

FBPMortgage Banking — Taxes Excluding Income And Excise Taxes

$492K+4.5%

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 mrbk:PennsylvaniaBankSharesTaxExpense.

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 — pennsylvania bank shares tax?: Meridian (MRBK) reported mortgage — pennsylvania bank shares tax of $0 in Q1 2026.
What does mortgage — pennsylvania bank shares tax mean?: Specific state-level tax obligations levied on the value of bank shares, allocated to the mortgage segment's operations. This represents a regulatory cost of doing business within a specific jurisdiction and impacts the segment's net profitability.