Meridian Corporation (MRBK) Financial Ratios
12 years of historical data (2014–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
14.19
↑+22% vs avg
5yr avg: 11.63
30Y Low6.9·High25.5
P/FCF
↑
10.51
↑+35% vs avg
5yr avg: 7.81
30Y Low1.4·High17.1
P/B Ratio
↓
1.15
+5% vs avg
5yr avg: 1.10
30Y Low0.7·High1.4
ROE
↓
11.8%
-12% vs avg
5yr avg: 13.4%
30Y Low4%·High23%
Debt/EBITDA
↑
6.24
+1% vs avg
5yr avg: 6.18
30Y Low2.0·High18.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MRBK Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Meridian Corporation trades at 10.6x earnings, 16% above its 5-year average of 9.1x, sitting at the 56th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.9x, the stock trades at a discount of 24%. On a free-cash-flow basis, the stock trades at 10.5x P/FCF, 35% above the 5-year average of 7.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $237M | $203M | $154M | $158M | $185M | $228M | $129M | $130M | $110M | $75M | — |
| Enterprise Value | $405M | $370M | $301M | $293M | $309M | $287M | $351M | $279M | $217M | $172M | — |
| P/E Ratio → | 10.56 | 9.30 | 9.46 | 11.98 | 8.46 | 6.41 | 4.86 | 12.32 | 13.42 | 39.96 | — |
| P/S Ratio | 1.15 | 0.99 | 0.78 | 0.94 | 1.42 | 1.43 | 0.86 | 1.52 | 1.50 | 1.10 | — |
| P/B Ratio | 1.15 | 1.02 | 0.90 | 1.00 | 1.21 | 1.38 | 0.91 | 1.08 | 1.01 | 0.74 | — |
| P/FCF | 10.51 | 8.99 | 17.07 | 9.29 | 2.26 | 1.43 | — | 6.25 | 11.76 | 9.34 | — |
| P/OCF | 9.76 | 8.35 | 16.06 | 8.39 | 2.18 | 1.38 | — | 6.03 | 10.01 | 7.19 | — |
P/E links to full P/E history page with 30-year chart
MRBK EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Meridian Corporation's enterprise value stands at 14.2x EBITDA, 22% above its 5-year average of 11.6x. The Financial Services sector median is 11.5x, placing the stock at a 23% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.80 | 1.52 | 1.74 | 2.37 | 1.80 | 2.35 | 3.25 | 2.94 | 2.52 | — |
| EV / EBITDA | 14.19 | 12.99 | 12.49 | 15.09 | 10.65 | 6.91 | 10.82 | 19.38 | 18.22 | 25.54 | — |
| EV / EBIT | 14.25 | 13.04 | 13.81 | 17.29 | 11.06 | 6.19 | 10.17 | 20.62 | 20.69 | 29.79 | — |
| EV / FCF | — | 16.41 | 33.33 | 17.22 | 3.78 | 1.79 | — | 13.38 | 23.11 | 21.36 | — |
MRBK Profitability
Margins and return-on-capital ratios measuring operating efficiency
Meridian Corporation earns an operating margin of 13.8%, below the Financial Services sector average of 20.2%. Operating margins have expanded from 10.1% to 13.8% over the past 3 years, signaling improving operational efficiency. ROE of 11.8% is modest. ROIC of 5.9% represents adequate returns on invested capital versus a sector median of 5.4%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.4% | 54.4% | 51.1% | 55.8% | 83.8% | 94.1% | 85.3% | 79.7% | 82.4% | 86.9% | 90.5% |
| Operating Margin | 13.8% | 13.8% | 11.0% | 10.1% | 21.4% | 29.0% | 23.1% | 15.8% | 14.2% | 8.5% | 11.2% |
| Net Profit Margin | 10.6% | 10.6% | 8.3% | 7.9% | 16.7% | 22.3% | 17.7% | 12.2% | 11.1% | 4.4% | 7.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.8% | 11.8% | 9.9% | 8.5% | 13.7% | 23.2% | 20.2% | 9.1% | 7.7% | 3.5% | 8.0% |
| ROA | 0.9% | 0.9% | 0.7% | 0.6% | 1.2% | 2.1% | 1.8% | 1.0% | 0.9% | 0.4% | 0.7% |
| ROIC | 5.9% | 5.9% | 4.7% | 3.8% | 7.4% | 10.8% | 7.5% | 3.8% | 3.4% | 2.0% | 3.1% |
| ROCE | 2.1% | 2.1% | 8.4% | 6.8% | 12.4% | 19.0% | 16.0% | 9.1% | 8.5% | 5.5% | 9.4% |
MRBK Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Meridian Corporation carries a Debt/EBITDA ratio of 6.2x, which is highly leveraged (46% above the sector average of 4.3x). Net debt stands at $168M ($178M total debt minus $10M cash). Interest coverage of just 0.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.89 | 0.89 | 1.02 | 1.21 | 1.06 | 0.49 | 1.81 | 1.39 | 1.18 | 1.20 | 1.88 |
| Debt / EBITDA | 6.24 | 6.24 | 7.23 | 9.86 | 5.60 | 1.97 | 7.91 | 11.67 | 10.89 | 18.07 | 14.15 |
| Net Debt / Equity | — | 0.84 | 0.86 | 0.85 | 0.81 | 0.35 | 1.57 | 1.23 | 0.97 | 0.96 | 1.62 |
| Net Debt / EBITDA | 5.87 | 5.87 | 6.09 | 6.94 | 4.28 | 1.41 | 6.85 | 10.34 | 8.95 | 14.38 | 12.17 |
| Debt / FCF | — | 7.43 | 16.25 | 7.93 | 1.52 | 0.37 | — | 7.14 | 11.35 | 12.02 | 2.33 |
| Interest Coverage | 0.36 | 0.36 | 0.26 | 0.25 | 1.50 | 5.50 | 2.53 | 0.82 | 0.92 | 0.85 | 1.45 |
MRBK Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.19x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.19 | 0.19 | 0.09 | 0.17 | 0.17 | 0.19 | 0.13 | 0.08 | 0.09 | 0.09 | 0.09 |
| Quick Ratio | 0.19 | 0.19 | 0.09 | 0.17 | 0.17 | 0.19 | 0.13 | 0.08 | 0.09 | 0.09 | 0.09 |
| Cash Ratio | 0.10 | 0.10 | 0.01 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 |
| Asset Turnover | — | 0.08 | 0.08 | 0.08 | 0.06 | 0.09 | 0.09 | 0.07 | 0.07 | 0.08 | 0.09 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
MRBK Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Meridian Corporation returns 2.6% to shareholders annually — split between a 2.5% dividend yield and 0.2% buyback yield. The payout ratio of 26.0% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 9.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.5% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 26.0% | 26.0% | 34.3% | 42.4% | 50.1% | 27.2% | 5.8% | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.5% | 10.8% | 10.6% | 8.3% | 11.8% | 15.6% | 20.6% | 8.1% | 7.5% | 2.5% | — |
| FCF Yield | 9.5% | 11.1% | 5.9% | 10.8% | 44.2% | 70.0% | — | 16.0% | 8.5% | 10.7% | — |
| Buyback Yield | 0.2% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 2.6% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $12M | $11M | $11M | $12M | $12M | $12M | $13M | $13M | $8M | $5M |
Peer Comparison
Compare MRBK with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MRBKYou | $237M | 10.6 | 14.2 | 10.5 | 54.4% | 13.8% | 11.8% | 5.9% | 6.2 |
 NBTB | $3B | 14.5 | 11.0 | 11.5 | 72.1% | 25.3% | 9.9% | 7.9% | 1.4 |
 FXNC | $273M | 15.4 | 7.0 | 13.0 | 74.0% | 19.6% | 10.0% | 7.7% | 1.9 |
 CZWI | $207M | 14.7 | 15.7 | 19.9 | 54.7% | 7.0% | 7.9% | 2.0% | 5.8 |
 PBFS | $423M | 22.2 | 9.2 | 13.1 | 100.0% | 37.3% | 6.3% | 8.1% | — |
 ACNB | $595M | 16.0 | 17.0 | 11.3 | 73.7% | 27.3% | 10.2% | 5.3% | 6.2 |
 WSFS | $4B | 14.8 | 7.2 | 18.6 | 74.7% | 28.0% | 10.8% | 9.5% | 0.7 |
 TRMK | $3B | 12.4 | 9.7 | 11.6 | 71.0% | 25.5% | 11.0% | 7.1% | 3.4 |
 FULT | $4B | 11.2 | 10.4 | 15.8 | 67.4% | 25.7% | 11.7% | 7.5% | 2.5 |
 PFIS | $636M | 10.8 | 11.6 | 14.7 | 66.6% | 25.7% | 12.0% | 7.7% | 3.6 |
 CZNC | $395M | 15.1 | 18.9 | 13.1 | 65.3% | 18.6% | 7.6% | 4.2% | 6.7 |
| Financial Services Median | — | 13.9 | 11.5 | 11.2 | 64.1% | 20.2% | 9.0% | 5.4% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 12 years · Updated daily
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Compare NowMRBK — Frequently Asked Questions
Quick answers to the most common questions about buying MRBK stock.
What is Meridian Corporation's P/E ratio?
Meridian Corporation's current P/E ratio is 10.6x. The historical average is 12.9x. This places it at the 56th percentile of its historical range.
What is Meridian Corporation's EV/EBITDA?
Meridian Corporation's current EV/EBITDA is 14.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.7x.
What is Meridian Corporation's ROE?
Meridian Corporation's return on equity (ROE) is 11.8%. The historical average is 11.5%.
Is MRBK stock overvalued?
Based on historical data, Meridian Corporation is trading at a P/E of 10.6x. This is at the 56th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Meridian Corporation's dividend yield?
Meridian Corporation's current dividend yield is 2.46% with a payout ratio of 26.0%.
What are Meridian Corporation's profit margins?
Meridian Corporation has 54.4% gross margin and 13.8% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Meridian Corporation have?
Meridian Corporation's Debt/EBITDA ratio is 6.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.