Meridian (MRBK) Revenue & Revenue Breakdown


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Meridian Revenue Highlights


Latest Revenue (Y)

$168.27M

Latest Revenue (Q)

$50.31M

Main Segment (Y)

Wealth Segment

Meridian Revenue by Period


Meridian Revenue by Year

DateRevenueChange
2023-12-31$168.27M50.44%
2022-12-31$111.85M-25.97%
2021-12-31$151.10M12.68%
2020-12-31$134.09M100.57%
2019-12-31$66.86M7.19%
2018-12-31$62.37M1.23%
2017-12-31$61.61M-0.54%
2016-12-31$61.95M14.92%
2015-12-31$53.90M21.80%
2014-12-31$44.26M9.18%
2013-12-31$40.54M25.92%
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

DateRevenueChange
2024-09-30$50.31M5.65%
2024-06-30$47.62M5.12%
2024-03-31$45.30M3.62%
2023-12-31$43.72M72.73%
2023-09-30$25.31M-3.48%
2023-06-30$26.22M7.84%
2023-03-31$24.32M-8.29%
2022-12-31$26.51M-6.15%
2022-09-30$28.25M1.06%
2022-06-30$27.95M-4.06%
2022-03-31$29.14M-12.78%
2021-12-31$33.41M-12.95%
2021-09-30$38.38M3.32%
2021-06-30$37.14M-11.91%
2021-03-31$42.17M-4.68%
2020-12-31$44.24M7.16%
2020-09-30$41.28M37.81%
2020-06-30$29.96M58.11%
2020-03-31$18.95M6.02%
2019-12-31$17.87M-2.51%
2019-09-30$18.33M13.27%
2019-06-30$16.18M11.94%
2019-03-31$14.46M-5.65%
2018-12-31$15.32M-8.67%
2018-09-30$16.78M4.26%
2018-06-30$16.09M13.19%
2018-03-31$14.22M-11.12%
2017-12-31$15.99M-4.75%
2017-09-30$16.79M5.81%
2017-06-30$15.87M22.47%
2017-03-31$12.96M-19.33%
2016-12-31$16.06M-11.23%
2016-09-30$18.09M-

Meridian generated $50.31M in revenue during Q3 2024, up 5.65% compared to the previous quarter, and up 191.88% compared to the same period a year ago.

Meridian Revenue Breakdown


Meridian Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Wealth Segment$4.93M$3.53M---
Banking Segment-$92.00K---
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/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
Wealth Segment$1.45M$1.32M$3.67M$1.26M$853.00K$1.02M$944.00K$891.00K$879.00K-----------
Banking Segment---$-18.00K$31.00K$33.00K--------------
Mortgage Banking Segment--------------------
Deposit Account----$37.00K$35.00K$32.00K$31.00K$27.00K$35.00K$33.00K$32.00K$30.00K$28.00K------
Service Charges---------$30.00K----------
Wealth Management Income---------$1.27M----------
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 Sep 24: Wealth Segment (100.00%).

Meridian Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
MRBKMeridian$168.27M$50.31M
ISTRInvestar$141.13M$39.10M
FNWBFirst Northwest Bancorp$104.92M$28.21M
FNWDFinward Bancorp$96.53M$22.47M
OVLYOak Valley Bancorp$87.34M$19.50M
FFNWFirst Financial Northwest$80.93M$20.09M
CWBCCommunity West Bancshares$61.39M$27.26M
FCAPFirst Capital$51.24M$15.02M
LSBKLake Shore Bancorp$36.39M$9.64M
HFBLHome Federal Bancorp, Inc. of Louisiana$33.45M$8.04M
MGYRMagyar Bancorp$30.42M$12.74M

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 Q3 2024 was $50.32M, a 5.65% increase from the previous quarter (Q2 2024), and a 98.79% increase year-over-year (Q3 2023). The company'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). MRBK'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).

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.