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Get filing alertsMeridian Q3 net income falls 10.3% to $5.2M; declares $0.14 dividend
Filed October 30, 2026 · Period ending October 30, 2026 · ~1 min read
Key Changes
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Q3 2026 net income was $5.2 million, or $0.43 per diluted share, down $600 thousand (10.3%) from the prior quarter.
Item 2.02 verify on EDGAR → -
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Pre-provision net revenue fell to $7.1 million from $11.5 million a year earlier, driven by a $1.6 million loss in the Mortgage segment.
Exhibit 99.2 view on EDGAR → -
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Net interest margin improved to 3.77%, up 8 basis points from the prior quarter.
Exhibit 99.1 view on EDGAR → -
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Non-performing loans decreased $3.8 million during the quarter, with an additional $2.7 million settled after quarter-end.
Exhibit 99.1 view on EDGAR → -
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Board declared a quarterly cash dividend of $0.14 per common share, payable November 16, 2026 to shareholders of record November 9, 2026.
Item 8.01 verify on EDGAR →
Summary
Meridian Corporation reported third quarter 2026 net income of $5.2 million, or $0.43 per diluted share, a 10.3% decline from the prior quarter. The decrease was driven by lower non-interest income and higher non-interest expense, partially offset by a lower provision for credit losses. Pre-provision net revenue fell to $7.1 million from $11.5 million a year earlier, with the Mortgage segment swinging to a $1.6 million loss.
Net interest margin improved to 3.77%, up 8 basis points from the prior quarter, and non-performing loans declined $3.8 million during the quarter with an additional $2.7 million settled after quarter-end. The Board declared a quarterly cash dividend of $0.14 per common share, payable November 16, 2026 to shareholders of record November 9, 2026.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Meridian Corporation issued a press release discussing its Third Quarter 2026 Results on October 30, 2026.
Added in current filing · verify on EDGAR →
On October 30, 2026 Meridian Corporation issued a press release discussing the Corporation’s Third Quarter 2026 Results.
The company announced its third quarter 2026 financial results via a press release. The release is attached as Exhibit 99.1 and incorporated by reference into the 8-K. The filing does not include the actual financial figures in the body text, so no specific numbers can be quoted from this section.
Event · Item 7.01 — Regulation FD Disclosure
Meridian Corporation furnished an earnings supplement for Q3 2026 via Regulation FD.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
In connection with the issuance of its earnings for the three months ended September 30, 2026, Meridian Corporation has also made available on its website materials that contain supplemental information about the Corporation's financial results (“Earnings Supplement”).
The company posted a supplemental earnings document to its website for the quarter ended September 30, 2026. The 8-K itself does not include any financial figures; the supplement is attached as Exhibit 99.2.
Event · Exhibit 99.1
Meridian reports Q3 2026 net income of $5.2M ($0.43 diluted EPS), down 10.3% QoQ, and declares a $0.14 quarterly dividend.
Added in current filing · view on EDGAR →
Net interest margin was 3.77%, up 8 basis points from prior quarter.
Net interest margin improved to 3.77%, up 8 basis points from the prior quarter, driven by higher yield on loans held for investment and an increase in average non-interest bearing deposits, partially offset by higher cost of funds.
Added in current filing · view on EDGAR →
Non-performing loans decreased $3.8 million from June 30, 2026 to September 30, 2026 and another $2.7 million settled subsequent to September 30, 2026, resulting in a combined reduction of $6.5 million or 8%.
Non-performing loans declined $3.8 million during the quarter, with an additional $2.7 million settled after quarter-end, for a combined reduction of $6.5 million or 8%. The ratio of non-performing loans to total loans improved to 3.55% from 3.68%.
Added in current filing · view on EDGAR →
Wealth management income for the third quarter was $1.9 million, up 10.0% over prior quarter.
Wealth management income grew 10.0% quarter-over-quarter to $1.9 million, driven by higher AUM, better efficiencies, and a strong referral pipeline from the commercial group. The wealth segment's quarterly pre-tax income rose 35% over the third quarter of 2025. Note: these figures were previously disclosed in the company's Jul 30, 2026 8-K.
Event · Exhibit 99.2
Meridian reports Q3 2026 net income of $5.2M, EPS $0.43, with NIM stable at 3.77% and NPLs declining.
Added in current filing · view on EDGAR →
Net Income $ 5,207 $ 5,807 $ 2,006 $ 7,186 $ 6,659
Meridian reported net income of $5.207 million for Q3 2026, down from $6.659 million in Q3 2025 and $5.807 million in Q2 2026. The decline reflects lower non-interest income and higher non-interest expense, partially offset by a lower provision for credit losses.
Added in current filing · view on EDGAR →
Diluted EPS 0.43 0.48 0.17 0.61 0.58
Diluted earnings per share were $0.43 in Q3 2026, compared to $0.58 in Q3 2025 and $0.48 in Q2 2026. The year-over-year decline mirrors the drop in net income.
Added in current filing · view on EDGAR →
NIM 3.77 % 3.69 % 3.82 % 3.77 % 3.77 %
Net interest margin was 3.77% in Q3 2026, unchanged from Q3 2025 and up from 3.69% in Q2 2026. The margin has been stable over the past year despite deposit repricing pressure. Note: these figures were previously disclosed in the company's Jul 30, 2026 8-K.
Added in current filing · view on EDGAR →
Nonaccrual Loans / Loans (1) 3.55 % 3.68 % 2.53 % 2.50 % 2.19 % 1.76 %
Nonaccrual loans as a percentage of total loans were 3.55% at September 30, 2026, down from 3.68% at June 30, 2026 but up from 2.53% a year earlier. The non-performing loan roll-forward shows a reduction from $82.073 million at June 30, 2026 to $78.314 million at September 30, 2026, with further reductions to $75.589 million by October 29, 2026.
Added in current filing · view on EDGAR →
Bank $ 8,065 $ 9,387 $ 10,513 $ 11,771 $ 10,504 Wealth 689 574 811 493 512 Mortgage (1,639) 486 (1,243) 320 507 Total Pre-Provision Net Revenue $ 7,115 $ 10,447 $ 10,081 $ 12,584 $ 11,523
Total pre-provision net revenue fell to $7.115 million in Q3 2026 from $11.523 million in Q3 2025, driven by a $1.639 million loss in the Mortgage segment and lower Bank segment revenue. The Mortgage segment swung from a $0.507 million profit a year ago to a loss, while the Bank segment declined from $10.504 million to $8.065 million.
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Figures/quotes linked to EDGAR · Narrative written by AI · Nov 2, 2026 · How we verify