Meridian Q3 Earnings, Revenue Fall

MT Newswires Live10-31 04:16

Meridian (MRBK) reported a Q3 net income late Friday of $0.43 per diluted share, down from $0.58 a year earlier.

Two analysts polled by FactSet expected $0.46.

Revenue for the three months ended Sept. 30, expressed as the sum of net interest income and total noninterest income, was $30.1 million, down from $33.1 million a year earlier.

Two analysts expected $33 million.

The company maintained its quarterly dividend at $0.14 per share, payable Nov. 16 to stockholders of record Nov. 9.

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