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Meridian MRBK Business Segments

FY'25FY'24FY'23FY'22
Noninterest Income by Business
Bank$10.25M+35.3%$7.57M-2.2%$7.74M+2.5%$7.55M-29.9%
Mortgage$22.62M-19.3%$28.03M+45.3%$19.3M-34.5%$29.44M-59.3%
Wealth$6.32M+10.1%$5.74M+16.4%$4.93M+4.1%$4.73M-1.5%
Net (loss) gain on sale of loans by Business
Bank-$434K-2,993%$15K
Mortgage$0$0
Wealth$0$0
Total Assets by Business
Bank$9.89B+8.4%$9.12B+5.1%$8.68B+17.9%$7.36B+15.5%
Mortgage$206.94M-18.0%$252.24M+24.2%$203.05M-27.5%$279.95M-47.3%
Wealth$48.75M+18.6%$41.12M+25.9%$32.66M+6.2%$30.75M+24.1%
Net loss on sale of MSRs by Business
Wealth$0$0$0
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business
Bank2,499,100,000%+968,800,000pp1,530,300,000%-565,900,000pp2,096,200,000%-755,200,000pp2,851,400,000%-159,700,000pp
Mortgage107,800,000%-302,700,000pp410,500,000%+933,400,000pp-522,900,000%-260,700,000pp-262,200,000%-1,725,300,000pp
Wealth233,300,000%-4,500,000pp237,800,000%+114,600,000pp123,200,000%-79,900,000pp203,100,000%+47,100,000pp
Other by Business
Bank$9.85M+12.2%$8.78M+18.0%$7.44M+199%$2.49M-9.3%
Mortgage$1.15M-24.0%$1.52M$3.23M+29.7%
Wealth$423K-0.7%$426K-1.6%$433K+43,400%-$1K-200%
Interest Income by Business
Bank$164.48M+6.9%$153.81M+13.9%$135.1M
Mortgage$1.84M-17.1%$2.22M+48.7%$1.49M
Wealth$0$0$0
Interest Income (Expense), Operating by Business
Bank$87.18M+23.3%$70.71M+2.7%$68.84M+0.4%$68.57M+12.8%
Mortgage$322K+122%$145K+8.2%$134K-84.5%$862K-58.2%
Wealth$175K+19.9%$146K+517%-$35K-105%$698K+175%
Non-interest expense by Business
Bank$57.29M+11.1%$51.58M+5.7%$48.81M+8.2%$45.12M+11.7%
Mortgage$21.86M-9.2%$24.07M-2.4%$24.66M-25.1%$32.92M-45.0%
Wealth$4.16M+18.6%$3.5M-4.3%$3.66M+7.7%$3.4M-2.8%
Net change in fair values by Business
Bank$227K-$59K-136%$166K
Mortgage$1.12M$314K+107%-$4.46M+43.5%
Wealth$0$0$0$0
Interest Income (Expense), after Provision for Loan Loss by Business
Bank$72.03M+21.5%$59.31M-4.4%$62.03M-6.1%$66.08M+10.6%
Mortgage$322K+122%$145K+8.2%$134K-84.5%$862K-58.2%
Wealth$175K+19.9%$146K+517%-$35K-105%$698K+175%
Net gain on hedging activity by Business
Bank-$1K-200%$1K$0$0
Mortgage-$150K$5.44M+83.6%
Wealth$0$0$0$0
Mortgage banking income by Business
Bank$185K-2.1%$189K-37.8%$304K-30.1%$435K-60.3%
Mortgage$20.6M-1.2%$20.86M+28.5%$16.23M-34.8%$24.89M-66.7%
Wealth$0$0$0$0
Salaries and employee benefits by Business
Bank$31.38M+12.5%$27.89M+4.9%$26.58M
Mortgage$16.97M-0.9%$17.12M-6.0%$18.22M
Wealth$2.93M+30.0%$2.25M-12.8%$2.58M
SBA loan income by Business
Mortgage$0$0$0$0
Wealth$0$0$0$0
Provision for Loan, Lease, and Other Losses by Business
Bank$15.15M+32.9%$11.4M+67.3%$6.82M+174%$2.49M
Mortgage$0$0$0$0
Wealth$0$0$0$0
Advertising and promotion by Business
Bank$3M+21.8%$2.46M-9.4%$2.72M
Mortgage$468K+0.2%$467K-29.5%$662K
Wealth$409K+13.0%$362K+4.3%$347K
Data processing and software by Business
Bank$5.34M+16.7%$4.58M-11.4%$5.17M
Mortgage$1.51M+8.2%$1.4M+24.1%$1.13M
Wealth$176K+4.1%$169K+38.5%$122K
Interest Expense by Business
Bank$77.29M-7.0%$83.1M+25.4%$66.26M
Mortgage$1.52M-26.8%$2.07M+52.7%$1.36M
Wealth-$175K-19.9%-$146K-641%$27K
Pennsylvania bank shares tax by Business
Bank$998K+4.6%$954K+1.1%$944K
Mortgage$0$0$0
Wealth$18K0.0%$18K-25.0%$24K
Occupancy and equipment by Business
Bank$3.16M-4.6%$3.31M+18.2%$2.8M
Mortgage$1.39M-42.8%$2.43M+26.5%$1.92M
Wealth$29K-87.8%$237K+95.9%$121K
Professional fees by Business
Bank$3.56M-1.2%$3.6M+13.1%$3.18M
Mortgage$365K-67.7%$1.13M+2.6%$1.1M
Wealth$174K+335%$40K+25.0%$32K
Wealth management income by Product
Wealth management income$6.32M+10.1%$5.74M$4.73M-1.4%
Wire Transfer Fees, ATM/Debit Card Commissions, And Title Fees$815K+13.8%$716K-4.5%$750K-31.8%$1.1M-8.3%
Number of full-service offices by Geography
FLORIDA1
PENNSYLVANIA60.0%60.0%60.0%60.0%
Number of mortgage loan production offices by Geography
DELAWARE5
MARYLAND2-50.0%40.0%4-33.3%6-25.0%

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Questions, answered.

How does Meridian break its business down?
Meridian (MRBK) reports noninterest income by business across 3 parts — Bank, Mortgage and Wealth. Each is extracted from the segment footnotes and tracked over time.
Where does Meridian's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Meridian's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.