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Meridian MRBK Bank Owned Life Insurance

Bank Owned Life Insurance at other companies

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$424.16M+3.2%
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$339.84M+6.2%

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:BankOwnedLifeInsurance.

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 bank owned life insurance?
Meridian (MRBK) reported bank owned life insurance of $30.96M in Q1 2026.
How has Meridian's bank owned life insurance changed year-over-year?
Meridian's bank owned life insurance increased by 3.4% year-over-year, from $29.94M to $30.96M.
What is the long-term trend for Meridian's bank owned life insurance?
Over 5 years (2020 to 2025), Meridian's bank owned life insurance has grown at a 20.4% compound annual growth rate (CAGR), from $12.14M to $30.69M.
What does bank owned life insurance mean?
This represents the cash surrender value of life insurance policies purchased by the bank on the lives of key employees or officers. The bank is the beneficiary, and the asset grows on a tax-deferred basis. It is used as a long-term financial instrument to offset the costs of employee benefit plans.