Meridian Corp reports results for the quarter ended September 30 - Earnings Summary

• Meridian Corp MRBK reported quarterly adjusted earnings of 58 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 42 cents. The lone analyst forecast for the quarter was for earnings of 50 cents per share.

• Revenue rose 13.7% to $33.07 million from a year ago; analysts expected $31.88 million.

• Meridian Corp's reported EPS for the quarter was 58 cents​.

• The company reported quarterly net income of $6.66 million.

• Meridian Corp shares had fallen by 6.0% this quarter and gained 8.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for Meridian Corp is $19.00, about 22.7% above its last closing price of $14.68

This summary was machine generated from LSEG data October 23 at 08:56 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)