Name | Value |
---|---|
Revenues | 46.5M |
Cost of Revenue | 24.6M |
Gross Profit | 21.9M |
Operating Expense | 18.7M |
Operating I/L | 3.1M |
Other Income/Expense | -3.0M |
Interest Income | 39.2M |
Pretax | 3.1M |
Income Tax Expense | 0.7M |
Net Income/Loss | 2.4M |
Meridian Corporation operates as a holding company for Meridian Bank, offering commercial banking products and services in Pennsylvania, New Jersey, Delaware, and Maryland. The company provides a range of deposit products, commercial and industrial loans, commercial real estate and construction loans, consumer and home equity lending, mortgage loans, investment advisory, and equipment leasing services. With a network of 6 full-service branches and 19 other offices, Meridian Corporation generates revenue through interest income from loans, fees from various banking services, and returns on investments.