Meridian (MRBK) Revenue & Revenue Breakdown
Meridian Revenue Highlights
Latest Revenue (Y)
$168.27M
Latest Revenue (Q)
$47.62M
Main Segment (Y)
Wealth Segment
Meridian Revenue by Period
Meridian Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $168.27M | 50.44% |
| 2022-12-31 | $111.85M | -25.97% |
| 2021-12-31 | $151.10M | 12.68% |
| 2020-12-31 | $134.09M | 100.57% |
| 2019-12-31 | $66.86M | 7.19% |
| 2018-12-31 | $62.37M | 1.23% |
| 2017-12-31 | $61.61M | -0.54% |
| 2016-12-31 | $61.95M | 14.92% |
| 2015-12-31 | $53.90M | 21.80% |
| 2014-12-31 | $44.26M | 9.18% |
| 2013-12-31 | $40.54M | 25.92% |
| 2012-12-31 | $32.19M | - |
Meridian generated $168.27M in revenue during NA 2023, up 50.44% compared to the previous quarter, and up 269.80% compared to the same period a year ago.
Meridian Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $47.62M | 5.12% |
| 2024-03-31 | $45.30M | 3.62% |
| 2023-12-31 | $43.72M | 72.73% |
| 2023-09-30 | $25.31M | -3.48% |
| 2023-06-30 | $26.22M | 7.84% |
| 2023-03-31 | $24.32M | -8.29% |
| 2022-12-31 | $26.51M | -6.15% |
| 2022-09-30 | $28.25M | 1.06% |
| 2022-06-30 | $27.95M | -4.06% |
| 2022-03-31 | $29.14M | -12.78% |
| 2021-12-31 | $33.41M | -12.95% |
| 2021-09-30 | $38.38M | 3.32% |
| 2021-06-30 | $37.14M | -11.91% |
| 2021-03-31 | $42.17M | -4.68% |
| 2020-12-31 | $44.24M | 7.16% |
| 2020-09-30 | $41.28M | 37.81% |
| 2020-06-30 | $29.96M | 58.11% |
| 2020-03-31 | $18.95M | 6.02% |
| 2019-12-31 | $17.87M | -2.51% |
| 2019-09-30 | $18.33M | 13.27% |
| 2019-06-30 | $16.18M | 11.94% |
| 2019-03-31 | $14.46M | -5.65% |
| 2018-12-31 | $15.32M | -8.67% |
| 2018-09-30 | $16.78M | 4.26% |
| 2018-06-30 | $16.09M | 13.19% |
| 2018-03-31 | $14.22M | -11.12% |
| 2017-12-31 | $15.99M | -4.75% |
| 2017-09-30 | $16.79M | 5.81% |
| 2017-06-30 | $15.87M | 22.47% |
| 2017-03-31 | $12.96M | -19.33% |
| 2016-12-31 | $16.06M | -11.23% |
| 2016-09-30 | $18.09M | - |
Meridian generated $47.62M in revenue during Q2 2024, up 5.12% compared to the previous quarter, and up 195.85% compared to the same period a year ago.
Meridian Revenue Breakdown
Meridian Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Banking Segment | - | $92.00K | - | - | - |
| Wealth Segment | $4.93M | $3.53M | - | - | - |
| Mortgage Banking Segment | - | - | - | - | - |
| Deposit Account | - | $125.00K | - | - | - |
| Service Charges | - | - | $129.00K | - | - |
| ATM/Debit Card Commissions and Title Fee Income | - | - | $1.20M | - | - |
| Atm Debit Card Commissions And Title Fee Income | - | - | - | $925.00K | - |
Meridian's latest annual revenue breakdown by segment (product or service), as of Dec 23: Wealth Segment (100.00%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mortgage Banking Segment | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Banking Segment | - | - | $-18.00K | $31.00K | $33.00K | $46.00K | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Wealth Segment | $1.32M | $3.67M | $1.26M | $853.00K | $1.02M | $944.00K | $891.00K | $879.00K | $818.00K | - | - | - | - | - | - | - | - | - | - | - |
| Deposit Account | - | - | - | $37.00K | $35.00K | $32.00K | $31.00K | $27.00K | $35.00K | $33.00K | $32.00K | $30.00K | $28.00K | - | - | - | - | - | - | - |
| Wealth Management Income | - | - | - | - | - | - | - | - | $1.27M | - | - | - | - | - | - | - | - | - | - | - |
| Service Charges | - | - | - | - | - | - | - | - | $30.00K | - | - | - | - | - | - | - | - | - | - | - |
| Investment Advice | - | - | - | - | - | - | - | - | - | $1.23M | $1.16M | $1.14M | $1.03M | $951.00K | - | - | - | - | - | - |
Meridian's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Wealth Segment (100.00%).
Meridian Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| MRBK | Meridian | $168.27M | $47.62M |
| ISTR | Investar | $141.13M | $38.54M |
| FNWB | First Northwest Bancorp | $104.92M | $28.10M |
| FNWD | Finward Bancorp | $96.53M | $24.70M |
| OVLY | Oak Valley Bancorp | $87.34M | $18.76M |
| FFNW | First Financial Northwest | $80.93M | $20.02M |
| CWBC | Community West Bancshares | $61.39M | $27.26M |
| FCAP | First Capital | $51.24M | $14.24M |
| HMNF | HMN Financial | $43.48M | $14.79M |
| LSBK | Lake Shore Bancorp | $36.39M | $9.49M |
| MGYR | Magyar Bancorp | $30.42M | $12.74M |
| HVBC | HV Bancorp | $25.74M | $6.58M |
| HFBL | Home Federal Bancorp, Inc. of Louisiana | $23.45M | $8.40M |
| OFED | Oconee Federal Financial | $16.61M | $3.21M |
MRBK Revenue FAQ
What is Meridian’s yearly revenue?
Meridian's yearly revenue for 2023 was $168.27M, representing an increase of 50.44% compared to 2022. The company's yearly revenue for 2022 was $111.85M, representing a decrease of -25.97% compared to 2021. MRBK's yearly revenue for 2021 was $151.1M, representing an increase of 12.68% compared to 2020.
What is Meridian’s quarterly revenue?
Meridian's quarterly revenue for Q2 2024 was $47.62M, a 5.12% increase from the previous quarter (Q1 2024), and a 81.61% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $45.3M, a 3.62% increase from the previous quarter (Q4 2023), and a 86.31% increase year-over-year (Q1 2023). MRBK's quarterly revenue for Q4 2023 was $43.72M, a 72.73% increase from the previous quarter (Q3 2023), and a 64.88% increase year-over-year (Q4 2022).
What is Meridian’s revenue growth rate?
Meridian's revenue growth rate for the last 3 years (2021-2023) was 11.36%, and for the last 5 years (2019-2023) was 151.70%.
What are Meridian’s revenue streams?
Meridian's revenue streams in c 23 are Wealth Segment
What is Meridian’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Meridian was Wealth Segment. This segment made a revenue of $4.93M, representing 100.00% of the company's total revenue.