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Meridian Bank

Meridian Corporation is the bank holding company for Meridian Bank, offering commercial banking products and services in Pennsylvania, New Jersey, Delaware, Maryland, and Florida. Its deposit products include non-interest-bearing and interest-bearing demand accounts, savings and money market accounts, and time deposits. The company also provides commercial and industrial loans, commercial real estate and construction loans, consumer and home equity lending, private banking, merchant services, and title insurance and land settlement services. In addition, it originates mortgage loans for 1-4 family dwellings and offers real estate holding, investment advisory, equipment leasing, financial planning, and wealth management services. Founded in 2004, it is headquartered in Malvern, Pennsylvania.

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Meridian Bank second-quarter earnings and revenue miss estimates

Meridian Bank reported second-quarter GAAP earnings per share of $0.48, missing analyst estimates by $0.03. Revenue came in at $32.67 million, a 0.7% increase from the same quarter last year, but fell short of expectations by $1.63 million. The results were released alongside the announcement of a quarterly dividend.
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