Meridian Corp reports Q2 2026 net income of $5.8M, up 189.5% QoQ; non-performing loans jump 40%

Filed July 30, 2026 · Period ending July 30, 2026 · ~1 min read

Key Changes

• high

  Non-performing loans surged $23.4M to $82.1M (3.68% of total loans), driven by downgrades of three real estate relationships—land development loans up $20.0M and commercial mortgages up $5.5M.

  Exhibit 99.1 view on EDGAR →
• high

  Q2 2026 net income of $5.8M ($0.48/share) rose 189.5% from Q1's $2.0M, driven by higher mortgage banking and SBA income and a lower provision for credit losses, partially offset by higher operating expenses.

  Exhibit 99.1 view on EDGAR →
• high

  Net interest margin compressed to 3.69% from 3.82% in Q1 2026 as earning asset yields fell to 6.59% from 6.69% while cost of funds rose to 3.08% from 3.04%.

  Exhibit 99.2 view on EDGAR →