mrbk-20260730
Meridian Corp0001750735false00017507352026-07-302026-07-30

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
July 30, 2026
Date of Report (Date of earliest event reported)
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(Exact name of registrant as specified in its charter)
Pennsylvania 000-55983 83-1561918
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Ident. No.)
     
9 Old Lincoln Highway, Malvern, Pennsylvania
 19355
(Address of principal executive offices) (Zip Code)
 
(484) 568-5000
Registrant’s telephone number, including area code
 
Not Applicable
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:
Title of each class:
    Trading Symbol(s)    Name of each exchange on which registered:
Common Stock, $1 par value
MRBKThe NASDAQ Stock Market




Item 2.02.            Results of Operations and Financial Condition.
On July 30, 2026 Meridian Corporation issued a press release discussing the Corporation’s Second Quarter 2026 Results. A copy is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information in this Current Report on Form 8-K, including Exhibit 99.1 attached hereto and incorporated by reference into Item 2.02 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that Section. Furthermore, such information, including the exhibit attached hereto, shall not be deemed incorporated by reference into any of the Corporation’s reports or filings with the SEC under the Securities Exchange Act of 1933, as amended (the "Securities Act"), or the Exchange Act, whether made before or after the date hereof, except as expressly set forth by specific reference in such report or filing. The information in this Current Report on Form 8-K, including the exhibit attached hereto, shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.
Item 7.01.     Regulation FD Disclosures.
In connection with the issuance of its earnings for the three months ended June 30, 2026, Meridian Corporation has also made available on its website materials that contain supplemental information about the Corporation's financial results (“Earnings Supplement”). A copy of the earnings supplement is attached hereto as Exhibit 99.2 and is incorporated by reference in this Item 7.01. The information contained in this Item 7.01 of this Report on Form 8-K, including Exhibit 99.2, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Exchange Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 8.01.            Other Events.

Quarterly Dividend
On July 30, 2026, Meridian Corporation’s Board of Directors declared a quarterly cash dividend of $0.14 per common share, payable August 17, 2026, to shareholders of record as of August 10, 2026.
Item 9.01.            Financial Statements and Exhibits.
(d)    Exhibits. The following exhibit is furnished herewith:
99.1 Press Release, issued July 30, 2026
99.2 Earnings Supplement, issued July 30, 2026




EXHIBIT INDEX
Exhibit No. Description of Exhibit
   
 
104Cover Page Interactive Data File (embedded within the Inline XBRL document)






SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
MERIDIAN CORPORATION
(Registrant)
   
Dated:  July 30, 2026
  
   
 By:/s/  Denise Lindsay 
   Denise Lindsay
   Executive Vice President and Chief Financial Officer
   


Exhibit 99.1

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Meridian Corporation Reports Second Quarter 2026 Results and Announces a Quarterly Dividend of $0.14 per Common Share.

MALVERN, PA., July 30, 2026 — Meridian Corporation (Nasdaq: MRBK) today reported:

Three Months Ended
(Dollars in thousands, except per share data)(Unaudited)June 30,
2026		March 31,
2026		June 30,
2025
Income:
Net income
$5,807 $2,006 $5,592 
Diluted earnings per common share0.48 0.17 0.49 
Pre-provision net revenue (PPNR) (1)
10,447 10,081 11,090 
(1) See Non-GAAP reconciliation in the Appendix

•Net income for the quarter ended June 30, 2026 was $5.8 million, or $0.48 per diluted share, an increase of $3.8 million, or 189.5%, from the prior quarter.

•Pre-provision net revenue1 for the quarter was $10.4 million, an increase of $366 thousand, or 3.6%, from the prior quarter.

•Return on average assets and return on average equity for the second quarter of 2026 were 0.90% and 11.42%, respectively.

•Total assets at June 30, 2026 were $2.6 billion, compared to $2.6 billion at March 31, 2026 and $2.5 billion at June 30, 2025.

•Commercial loans, excluding leases, increased $4.6 million, or 0.3% from prior quarter.

•On July 30, 2026, the Board of Directors declared a quarterly cash dividend of $0.14 per common share, payable August 17, 2026 to shareholders of record as of August 10, 2026.

Christopher J. Annas, Chairman and CEO commented:

“The Meridian team delivered a strong second quarter performance, earning $5.8 million vs $2.0 million in the prior quarter. Net interest margin was steady at 3.69%, and the provision was markedly lower against an elevated provision in the prior quarter. Pre-provision net revenue of $10.4 million was up nearly 3.6% from prior quarter. Commercial loan growth for the quarter would have been $54 million, or 3.0%, if not for commercial loan and CRE loan payoffs of $38 million, as well as SBA loan sales in the current quarter of $11.9 million.
SBA loan sale income of $615 thousand is up from last quarter and should be more consistent as we adjust that business model. The mortgage group is still impacted by low inventory, but mortgage banking income was up 6% from Q2 2025. Mortgage third quarter originations look promising, but refi activity has fallen as rates have ticked up.

We had a large increase in the non-performing loans due to three real estate relationships, but our substantial collateral position in these three loans negated the need for any current provisioning. We are working tirelessly to resolve the non-performing loans, but also recognize that our historical loan growth rate and small/medium business focus can often lead to periods of elevated non-performing loans. Our task is to keep the charge-off percentage low, which we have. We also have two businesses, SBA and equipment finance, that have generally higher charge-offs than normal commercial/industrial lending, but we earn higher yields on those assets that offset the charge-offs.

We have hired an experienced payments team that has strong background in merchant acquiring, health savings accounts and the new capabilities of FedNow and RTP. With their industry contacts and qualifications, we are hoping to build a stronger deposit franchise and build fee income in that space. Payment methods are evolving rapidly and we are excited about the unique opportunities they could provide."










1
Exhibit 99.1





Select Condensed Financial Information
As of or for the three months ended (Unaudited)
June 30,
2026		March 31,
2026		December 31,
2025		September 30,
2025		June 30,
2025
(Dollars in thousands, except per share data)
Income:
Net income
$5,807 $2,006 $7,186 $6,659 $5,592 
Basic earnings per common share0.49 0.17 0.62 0.59 0.50 
Diluted earnings per common share0.48 0.17 0.61 0.58 0.49 
Net interest income
22,791 23,202 23,627 23,116 21,159 
Balance Sheet:
Total assets$2,593,176 $2,576,581 $2,561,995 $2,541,130 $2,510,938 
Loans, net of fees and costs
2,177,978 2,181,575 2,170,600 2,162,845 2,108,250 
Total deposits2,194,438 2,169,960 2,158,128 2,131,116 2,110,374 
Non-interest bearing deposits246,357 243,458 245,377 239,614 237,042 
Stockholders' equity
204,810 200,225 199,716 188,029 178,020 
Balance Sheet Average Balances:
Total assets$2,585,821 $2,574,268 $2,588,357 $2,534,565 $2,491,625 
Total interest earning assets2,485,398 2,472,659 2,495,922 2,443,261 2,404,952 
Loans, net of fees and costs
2,180,863 2,175,938 2,200,626 2,146,651 2,113,411 
Total deposits2,188,649 2,171,837 2,173,242 2,143,821 2,095,028 
Non-interest bearing deposits252,600 250,203 256,554 253,374 249,745 
Stockholders' equity
203,901 202,577 192,799 183,242 176,945 
Performance Ratios (Annualized):
Return on average assets
0.90 %0.32 %1.10 %1.04 %0.90 %
Return on average equity
11.42 %4.02 %14.79 %14.42 %12.68 %



Income Statement - Second Quarter 2026 Compared to First Quarter 2026
Second quarter net income increased $3.8 million, or 189.5%, to $5.8 million due largely to an increase in non-interest income of $2.8 million, and a decrease of $4.5 million in the provision for credit losses, while non-interest expense increased $2.1 million over the prior quarter, and income tax expense increased $1.1 million over the prior quarter as well. Detailed explanations of the major categories of income and expense follow below.



2
Exhibit 99.1

Net Interest income
The rate/volume analysis table below analyzes dollar changes in the components of interest income and interest expense as they relate to the change in balances (volume) and the change in interest rates (rate) of tax-equivalent net interest income for the periods indicated and allocated by rate and volume. Changes in interest income and/or expense related to changes attributable to both volume and rate have been allocated proportionately based on the relationship of the absolute dollar amount of the change in each category.
Three Months Ended
(dollars in thousands)June 30,
2026		March 31,
2026		$ Change% ChangeChange due to rateChange due to volume
Interest income:
Cash and cash equivalents$311 $398 $(87)(21.9)%$(2)$(85)
Investment securities - taxable1,830 1,847 (17)(0.9)%(27)10 
Investment securities - tax exempt (1)
393 396 (3)(0.8)%(2)(1)
Loans held for sale616 338 278 82.2 %20 258 
Loans held for investment 37,702 37,806 (104)(0.3)%(245)141 
Total loans38,318 38,144 174 0.5 %(225)399 
Total interest income$40,852 $40,785 $67 0.2 %$(256)$323 
Interest expense:
Interest-bearing demand deposits$1,149 $1,040 $109 10.5 %$13 $96 
Money market and savings deposits7,263 7,070 193 2.7 %279 (86)
Time deposits7,337 7,113 224 3.1 %(22)246 
Total interest - bearing deposits15,749 15,223 526 3.5 %270 256 
Borrowings1,233 1,293 (60)(4.6)%(13)(47)
Subordinated debentures1,007 994 13 1.3 %10 3 
Total interest expense17,989 17,510 479 2.7 %267 212 
Net interest income differential$22,863 $23,275 $(412)(1.77)%$(523)$111 
(1) Reflected on a tax-equivalent basis.
Interest income increased $67 thousand quarter-over-quarter on a tax equivalent basis, driven mainly by an increase in loans held for sale and loans held for investment average balances. The yield on interest-earnings assets decreased 10 basis points and negatively impacted interest income by $256 thousand, while the average balance of interest earning assets increased by $12.7 million, having a positive impact to interest income of $323 thousand. The yield on loans dropped 14 basis points due to an interest reversal of $885 thousand related to new nonaccrual loans in the quarter.
Average total loans, excluding residential loans for sale, increased $4.9 million. The largest drivers were increases in commercial loans, commercial real estate loans and home equity loans, which on a combined basis increased $21.2 million on average. Partially offsetting these increases were decreases of $7.1 million in SBA loan average balances, a $2.7 million decrease in the average balance of residential loans held for investment, along with a decrease in average leases of $4.6 million. Also contributing to the increase in interest income was a $16.9 million increase in the average balance of loans held for sale.
Interest expense increased $479 thousand, quarter-over-quarter, due largely to an increase in the cost of interest-bearing deposits. Interest expense on total deposits increased $526 thousand, as interest expense on borrowings decreased $60 thousand. During the period average balances of interest-bearing checking accounts increased $11.8 million, time deposits increased $18.2 million, while money market and savings deposit balances decreased $15.6 million on average and borrowings decreased $5.0 million on average. The cost of deposits increased 5 basis points as interest-bearing demand deposits and money market accounts had a cost increase, partially offset by the decrease in the cost of time deposits.
Overall the net interest margin decreased to 3.69%, compared to the prior quarter, drive by the decline in yield on interest-earning assets and an increase in cost of funds.

Provision for Credit Losses
In the second quarter the overall provision for credit losses fell by $4.5 million to $3.0 million, compared with $7.5 million in the first quarter. The primary reason for the lower level of provision expense was less loan charge-offs and lower loan growth quarter over quarter. Excluding the prior quarter’s $3.9 million charge-off and related provision on a single commercial mortgage, charge-offs in the second quarter declined by $1.3 million driving down the provision. SBA and lease net charge-offs were together down $2.3 million compared to prior quarter.
3
Exhibit 99.1

Non-interest income
The following table presents the components of non-interest income for the periods indicated:
Three Months Ended
(Dollars in thousands)June 30,
2026		March 31,
2026		$ Change% Change
Mortgage banking income (1)
$6,229 $4,115 $2,114 51.4 %
Wealth management income1,706 1,729 (23)(1.3)%
SBA loan income615 150 465 310.0 %
Earnings on investment in life insurance245 272 (27)(9.9)%
Net gain (loss) on sale of MSRs— (159)159 (100.0)%
Net change in the fair value of loans held-for-investment65 (39)104 (266.7)%
Other1,023 969 54 5.6 %
Total non-interest income$9,883 $7,037 $2,846 40.4 %
(1) Includes FV change on mortgages HFS and related hedging derivatives.
Total non-interest income increased $2.8 million, or 40.4%, quarter-over-quarter largely due to a $2.1 million increase in mortgage banking income, and a $465 thousand increase in SBA loan income. Despite a quarter-over-quarter decrease of 33 basis points in the margin on mortgage loan sales, total loans sold increased by $81.1 million, or 20% from the prior quarter, resulting in a higher level of mortgage banking income, and the fair value of loans held for sale improved quarter-over-quarter as the loans available for sale at June 30, 2026 were up $15.9 million over March 31, 2026.
SBA loan income increased $465 thousand due to the increase in SBA loans sold. $11.9 million of loans were sold during the quarter-ended June 30, 2026 compared to $6.7 million for the quarter-ended March 31, 2026. However, the gross margin on SBA loan sales was 7.9% for the quarter-ended June 30, 2026 compared to 8.5% for the quarter-ended March 31, 2026.

Non-interest expense
The following table presents the components of non-interest expense for the periods indicated:
Three Months Ended
(Dollars in thousands)June 30,
2026		March 31,
2026		$ Change% Change
Salaries and employee benefits$13,193 $12,386 $807 6.5 %
Occupancy and equipment1,172 1,183 (11)(0.9)%
Professional fees1,164 974 190 19.5 %
Data processing and software2,018 1,973 45 2.3 %
Advertising and promotion1,317 692 625 90.3 %
Pennsylvania bank shares tax246 258 (12)(4.7)%
Other3,117 2,692 425 15.8 %
Total non-interest expense$22,227 $20,158 $2,069 10.3 %
Salaries and benefits increased $807 thousand primarily due to the variable nature of the mortgage segment along with higher incentive compensation overall. Advertising and promotion costs increased $625 thousand, reflecting an increase in business development efforts and special events in the current quarter, which is generally seasonally higher. Other expense increased $425 thousand mainly due to an increase in OREO expenses and non-salary employee expenses in the current quarter. The increase in professional fees was due to expenses related to non-performing loans.

Balance Sheet - June 30, 2026 Compared to March 31, 2026
Total assets increased $16.6 million, or 0.6%, to $2.6 billion as of June 30, 2026 from $2.6 billion as of March 31, 2026.
Total portfolio loans decreased $3.2 million, or 0.1% quarter-over-quarter. While there was growth of $41.2 million in commercial mortgage loans, $1.2 million in commercial & industrial loans, and $3.0 million in home equity lines and loans during the second quarter, these increases were offset by a $27.9 million decrease in construction and land development loans, a $9.9 million decrease in SBA loans, and a $5.7 million decrease in lease financings. Commercial loan growth was impacted by $9.9 million in commercial loan payoffs during the quarter.
Total deposits increased $24.5 million, or 1.1% quarter-over-quarter, led by an increase of $21.6 million in interest-bearing deposits. Money market accounts and savings accounts increased a combined $19.5 million, non-interest bearing accounts increased $2.9 million or 1.2%, while interest bearing demand deposits decreased $5.9 million, and borrowings decreased $12.8 million, or 10.6% quarter-over-quarter.
4
Exhibit 99.1
Total stockholders’ equity increased by $4.6 million from March 31, 2026, to $204.8 million as of June 30, 2026. Changes to equity for the quarter included net income of $5.8 million, and an increase of $146 thousand in other comprehensive income, partially offset by dividends paid of $1.7 million. The Community Bank Leverage Ratio for the Bank was 9.72% at June 30, 2026.

Asset Quality Summary
Non-performing loans increased $23.4 million, to $82.1 million at June 30, 2026 compared to $58.7 million at March 31, 2026, with the largest increases coming from land development loans ($20.0 million) and commercial mortgage loans ($5.5 million) that were downgraded during the current quarter partially offset by payoffs of $3.3 million of several CRE, construction and consumer loans combined. The downgraded land development and commercial mortgage loan relationships were well collateralized and therefore did not require any specific reserve as of June 30, 2026. SBA loans make up $24.6 million of total non-performing loans, with $11.9 million, or 48.4%, guaranteed by the SBA. The SBA portfolio was subject to the Fed's rapid rate increase with 49.7%, of total non-performing SBA loans having been originated in 2020-2021 when rates were lower by over 500 basis points.
The ratio of non-performing loans to total loans as of June 30, 2026 was 3.68%. Due to the increase in non-performing loans, the ratio of non-performing loans to total loans, excluding the guaranteed portion of the SBA portfolio was 3.14%. As of June 30, 2026 there were specific reserves of $3.3 million against individually evaluated loans, an increase of $428 thousand from the level of specific reserves as of March 31, 2026.
Net charge-offs decreased to $2.6 million, or 0.12% of total average loans for the quarter ended June 30, 2026, compared to net charge-offs of $7.8 million, or 0.35%, for the quarter ended March 31, 2026. Second quarter charge-offs consisted of $414 thousand in SBA loans, $1.0 million in commercial loans, $1.2 million in finance receivables, and $455 thousand of small ticket equipment leases. Partially offsetting second quarter charge-offs were recoveries of $467 thousand between commercial loans, finance receivables, home equity loans, and leases.
The ratio of allowance for credit losses to total loans held for investment was 0.99% as of June 30, 2026, compared to 0.98% reported as of March 31, 2026.
Subsequent to June 30, 2026, a property in OREO valued at $719 thousand sold for a recorded gain of $218 thousand.
About Meridian Corporation
Meridian Bank, the wholly owned subsidiary of Meridian Corporation, is an innovative community bank serving Pennsylvania, New Jersey, Delaware, Maryland, and Florida. Through its 17 offices, including banking branches and mortgage locations, Meridian offers a full suite of financial products and services. Meridian specializes in business and industrial lending, retail and commercial real estate lending, electronic payments, and wealth management solutions through Meridian Wealth Partners. Meridian also offers a broad menu of high-yield depository products supported by robust online and mobile access. For additional information, visit our website at www.meridianbanker.com. Member FDIC.








5
Exhibit 99.1

“Safe Harbor” Statement
In addition to historical information, this press release may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements with respect to Meridian Corporation’s strategies, goals, beliefs, expectations, estimates, intentions, capital raising efforts, financial condition and results of operations, future performance and business. Statements preceded by, followed by, or that include the words “may,” “could,” “should,” “pro forma,” “looking forward,” “would,” “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” or similar expressions generally indicate a forward-looking statement. These forward-looking statements involve risks and uncertainties that are subject to change based on various important factors (some of which, in whole or in part, are beyond Meridian Corporation’s control). Numerous competitive, economic, regulatory, legal and technological factors, risks and uncertainties that could cause actual results to differ materially include, without limitation, credit losses and the credit risk of our commercial and consumer loan products; changes in the level of charge-offs and changes in estimates of the adequacy of the allowance for credit losses, or ACL, including the timing of third-party appraisals and loan valuations from lead financial institutions in which we are a loan participant; cyber-security concerns; rapid technological developments and changes, including the development and use of artificial intelligence in business processes, services, and products; increased competitive pressures; changes in spreads on interest-earning assets and interest-bearing liabilities; changes in general economic conditions and conditions within the securities markets; escalating tariff and other trade policies and the resulting impacts on market volatility and global trade; the impact of uncertain or changing political conditions or any current or future federal government shutdown and uncertainty regarding the federal government's debt limit; geopolitical conditions, including acts or threats of terrorism, actions taken by the United States or other governments in response to acts or threats of terrorism and military conflicts, including the ongoing conflict in the Middle East, which could impact economic conditions in the United States; unanticipated changes in our liquidity position; unanticipated changes in regulatory and governmental policies impacting interest rates and financial markets; legislation affecting the financial services industry as a whole, and Meridian Corporation, in particular; changes in accounting policies, practices or guidance; developments affecting the industry and the soundness of financial institutions and further disruption to the economy and U.S. banking system; among others, could cause Meridian Corporation’s financial performance to differ materially from the goals, plans, objectives, intentions and expectations expressed in such forward-looking statements. Meridian Corporation cautions that the foregoing factors are not exclusive, and neither such factors nor any such forward-looking statement takes into account the impact of any future events. All forward-looking statements and information set forth herein are based on management’s current beliefs and assumptions as of the date hereof and speak only as of the date they are made. For a more complete discussion of the assumptions, risks and uncertainties related to our business, you are encouraged to review Meridian Corporation’s filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2025 and subsequently filed quarterly reports on Form 10-Q and current reports on Form 8-K that update or provide information in addition to the information included in the Form 10-K and Form 10-Q filings, if any. Meridian Corporation does not undertake to update any forward-looking statement whether written or oral, that may be made from time to time by Meridian Corporation or by or on behalf of Meridian Bank.
6
Exhibit 99.1
-MERIDIAN CORPORATION AND SUBSIDIARIES
FINANCIAL RATIOS (Unaudited)
(Dollar amounts and shares in thousands, except per share amounts)
Three Months Ended
June 30,
2026		March 31,
2026		December 31,
2025		September 30,
2025		June 30,
2025
Earnings and Per Share Data:
Net income$5,807 $2,006 $7,186 $6,659 $5,592 
Basic earnings per common share$0.49 $0.17 $0.62 $0.59 $0.50 
Diluted earnings per common share$0.48 $0.17 $0.61 $0.58 $0.49 
Common shares outstanding11,895 11,879 11,826 11,517 11,297 
Performance Ratios:
Return on average assets (2)
0.90 %0.32 %1.10 %1.04 %0.90 %
Return on average equity (2)
11.42 4.02 14.79 14.42 12.68 
Net interest margin (tax-equivalent) (2)
3.69 3.82 3.77 3.77 3.54 
Yield on earning assets (tax-equivalent) (2)
6.59 6.69 6.82 7.01 6.89 
Cost of funds (2)
3.08 3.04 3.23 3.42 3.52 
Efficiency ratio
68.03 %66.66 %63.25 %65.15 %65.82 %
Asset Quality Ratios:
Net charge-offs (recoveries) to average loans0.12 %0.35 %0.16 %0.09 %0.17 %
Non-performing loans to total loans
3.68 2.64 2.50 2.53 2.35 
Non-performing assets to total assets
3.40 2.51 2.38 2.32 2.14 
Allowance for credit losses to:
Total loans and other finance receivables
0.99 0.97 0.99 1.01 0.99 
Total loans and other finance receivables (excluding loans at fair value) (1)
0.99 0.98 1.00 1.01 1.00 
Non-performing loans
26.15 %36.23 %39.18 %39.37 %41.26 %
Capital Ratios:
Book value per common share$17.22 $16.86 $16.89 $16.33 $15.76 
Tangible book value per common share$16.94 $16.57 $16.59 $16.02 $15.44 
Total equity/Total assets7.90 %7.77 %7.80 %7.40 %7.09 %
Tangible common equity/Tangible assets - Corporation (1)
7.78 7.65 7.67 7.27 6.96 
Tangible common equity/Tangible assets - Bank (1)
9.51 9.38 9.41 9.16 8.96 
Tier 1 leverage ratio - Bank9.72 9.58 9.50 9.41 9.32 
Common tier 1 risk-based capital ratio - Bank10.65 10.52 10.66 10.52 10.53 
Tier 1 risk-based capital ratio - Bank10.65 10.52 10.66 10.52 10.53 
Total risk-based capital ratio - Bank11.64 %11.51 %11.65 %11.54 %11.54 %
(1) See Non-GAAP reconciliation in the Appendix
(2) Annualized
7
Exhibit 99.1
MERIDIAN CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
(Dollar amounts and shares in thousands, except per share amounts)
Three Months Ended
Six Months Ended
June 30,
2026		March 31,
2026		June 30,
2025		June 30,
2026		June 30,
2025
Interest income:
Loans and other finance receivables, including fees$38,318 $38,144 $38,697 $76,462 $75,246 
Securities - taxable1,830 1,847 1,792 3,677 3,485 
Securities - tax-exempt321 323 295 644 608 
Cash and cash equivalents311 398 427 709 1,040 
Total interest income40,780 40,712 41,211 81,492 80,379 
Interest expense:
Deposits15,749 15,223 17,301 30,972 34,169 
Borrowings and subordinated debentures2,240 2,287 2,751 4,527 5,275 
       Total interest expense17,989 17,510 20,052 35,499 39,444 
Net interest income22,791 23,202 21,159 45,993 40,935 
Provision for credit losses2,968 7,493 3,803 10,461 9,015 
Net interest income after provision for credit losses19,823 15,709 17,356 35,532 31,920 
Non-interest income:
Mortgage banking income (1)
6,229 4,115 5,847 10,344 9,512 
Wealth management income1,706 1,729 1,492 3,435 3,027 
SBA loan income615 150 1,988 765 2,736 
Earnings on investment in life insurance245 272 240 517 462 
Net gain (loss) on sale of MSRs— (159)467 (159)415 
Net change in the fair value of loans held-for-investment65 (39)190 26 360 
Other1,023 969 1,064 1,992 2,100 
Total non-interest income9,883 7,037 11,288 16,920 18,612 
Non-interest expense:
Salaries and employee benefits13,193 12,386 13,179 25,579 24,564 
Occupancy and equipment1,172 1,183 1,037 2,355 2,375 
Professional fees1,164 974 1,164 2,138 1,927 
Data processing and software2,018 1,973 1,706 3,991 3,185 
Advertising and promotion1,317 692 1,277 2,009 2,056 
Pennsylvania bank shares tax246 258 269 504 538 
Other3,117 2,692 2,725 5,809 5,455 
Total non-interest expense22,227 20,158 21,357 42,385 40,100 
        Income before income taxes7,479 2,588 7,287 10,067 10,432 
Income tax expense1,672 582 1,695 2,254 2,441 
        Net income $5,807 $2,006 $5,592 $7,813 $7,991 
Basic earnings per common share$0.49 $0.17 $0.50 $0.66 $0.71 
Diluted earnings per common share$0.48 $0.17 $0.49 $0.64 $0.70 
Basic weighted average shares outstanding
11,859 11,811 11,228 11,835 11,215 
Diluted weighted average shares outstanding12,174 12,153 11,392 12,163 11,415 
(1) Includes FV change on mortgages HFS and related hedging derivatives
8
Exhibit 99.1
MERIDIAN CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CONDITION (Unaudited)
(Dollar amounts and shares in thousands, except per share amounts)
June 30,
2026		March 31,
2026		December 31,
2025		September 30,
2025		June 30,
2025
Assets:
Cash and due from banks$11,209 $12,458 $10,358 $12,605 $20,604 
Interest-bearing deposits at other banks24,998 15,811 25,420 27,384 29,570 
Cash and cash equivalents36,207 28,269 35,778 39,989 50,174 
Securities available-for-sale, at fair value200,552 196,012 193,457 194,268 187,902 
Securities held-to-maturity, at amortized cost32,445 32,494 32,544 32,593 32,642 
Equity investments2,146 2,137 2,166 2,150 2,130 
Mortgage loans held for sale, at fair value54,898 38,960 33,762 28,016 44,078 
Loans and other finance receivables, net of fees and costs2,177,978 2,181,575 2,170,600 2,162,845 2,108,250 
Allowance for credit losses(21,463)(21,252)(21,573)(21,794)(20,851)
Loans and other finance receivables, net of the allowance for credit losses2,156,515 2,160,323 2,149,027 2,141,051 2,087,399 
Restricted investment in bank stock7,484 7,699 7,811 8,350 9,162 
Bank premises and equipment, net12,437 12,298 12,402 12,413 12,320 
Bank owned life insurance31,205 30,959 30,687 30,421 30,175 
Accrued interest receivable10,680 11,015 10,724 10,944 10,334 
OREO and other repossessed assets6,081 6,009 5,997 3,714 3,148 
Deferred income taxes4,535 4,548 4,215 4,989 5,314 
Servicing assets3,642 3,694 3,932 3,845 3,658 
Goodwill899 899 899 899 899 
Intangible assets2,461 2,512 2,563 2,614 2,665 
Other assets30,989 38,753 36,031 24,874 28,938 
Total assets$2,593,176 $2,576,581 $2,561,995 $2,541,130 $2,510,938 
Liabilities:
Deposits:
Non-interest bearing$246,357 $243,458 $245,377 $239,614 $237,042 
Interest bearing:
Interest checking151,235 157,151 157,360 151,973 173,865 
Money market and savings deposits1,033,043 1,013,533 1,023,290 996,126 956,448 
Time deposits763,803 755,818 732,101 743,403 743,019 
Total interest-bearing deposits1,948,081 1,926,502 1,912,751 1,891,502 1,873,332 
Total deposits2,194,438 2,169,960 2,158,128 2,131,116 2,110,374 
Borrowings108,032 120,838 117,338 137,265 138,965 
Subordinated debentures49,705 49,675 49,853 49,822 49,792 
Accrued interest payable5,587 6,620 6,531 7,095 7,059 
Other liabilities30,604 29,263 30,429 27,803 26,728 
Total liabilities2,388,366 2,376,356 2,362,279 2,353,101 2,332,918 
Stockholders’ equity:
Common stock13,927 13,882 13,830 13,521 13,300 
Surplus91,137 90,885 90,352 85,122 82,184 
Treasury stock(26,079)(26,079)(26,079)(26,079)(26,079)
Unearned common stock held by ESOP(1,232)(1,232)(1,232)(1,006)(1,006)
Retained earnings132,614 128,472 128,124 122,376 117,132 
Accumulated other comprehensive loss(5,557)(5,703)(5,279)(5,905)(7,511)
Total stockholders’ equity204,810 200,225 199,716 188,029 178,020 
Total liabilities and stockholders’ equity$2,593,176 $2,576,581 $2,561,995 $2,541,130 $2,510,938 
9
Exhibit 99.1
MERIDIAN CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND SEGMENT INFORMATION (Unaudited)
(Dollar amounts and shares in thousands, except per share amounts)
Three Months Ended
June 30,
2026		March 31,
2026		December 31,
2025		September 30,
2025		June 30,
2025
Interest income$40,780 $40,712 $42,826 $43,109 $41,211 
Interest expense17,989 17,510 19,199 19,993 20,052 
Net interest income22,791 23,202 23,627 23,116 21,159 
Provision for credit losses
2,968 7,493 3,287 2,850 3,803 
Non-interest income9,883 7,037 10,615 9,953 11,288 
Non-interest expense22,227 20,158 21,658 21,546 21,357 
Income before income tax expense7,479 2,588 9,297 8,673 7,287 
Income tax expense1,672 582 2,111 2,014 1,695 
Net Income$5,807 $2,006 $7,186 $6,659 $5,592 
Basic weighted average shares outstanding11,859 11,811 11,543 11,325 11,228 
Basic earnings per common share$0.49 $0.17 $0.62 $0.59 $0.50 
Diluted weighted average shares outstanding12,174 12,153 11,771 11,540 11,392 
Diluted earnings per common share$0.48 $0.17 $0.61 $0.58 $0.49 
Segment Information
Three Months Ended June 30, 2026
Three Months Ended June 30, 2025
(dollars in thousands)BankWealthMortgageTotalBankWealthMortgageTotal
Net interest income$22,599 $58 $134 $22,791 $21,025 $63 $71 $21,159 
Provision for credit losses
2,968 — — 2,968 3,803 — — 3,803 
Net interest income after provision
19,631 58 134 19,823 17,222 63 71 17,356 
Non-interest income1,844 1,706 6,333 9,883 3,029 1,492 6,767 11,288 
Non-interest expense15,056 1,190 5,981 22,227 15,049 951 5,357 21,357 
Income before income taxes
$6,419 $574 $486 $7,479 $5,202 $604 $1,481 $7,287 
Efficiency ratio62 %67 %92 %68 %63 %61 %78 %66 %
Six Months Ended June 30, 2026
Six Months Ended June 30, 2025
(dollars in thousands)BankWealthMortgageTotalBankWealthMortgageTotal
Net interest income$45,670 $118 $205 $45,993 $40,730 $73 $132 $40,935 
Provision for credit losses
10,461 — — 10,461 9,015 — — 9,015 
Net interest income after provision
35,209 118 205 35,532 31,715 73 132 31,920 
Non-interest income3,242 3,435 10,243 16,920 4,942 3,027 10,643 18,612 
Non-interest expense29,013 2,169 11,203 42,385 27,809 1,768 10,523 40,100 
Income before income taxes$9,438 $1,384 $(755)$10,067 $8,848 $1,332 $252 $10,432 
Efficiency ratio59 %61 %107 %67 %61 %57 %98 %67 %

10

MERIDIAN CORPORATION AND SUBSIDIARIES
APPENDIX: NON-GAAP MEASURES (Unaudited)
(Dollar amounts and shares in thousands, except per share amounts)
Meridian believes that non-GAAP measures are meaningful because they reflect adjustments commonly made by management, investors, regulators and analysts. The non-GAAP disclosure have limitations as an analytical tool, should not be viewed as a substitute for performance and financial condition measures determined in accordance with GAAP, and should not be considered in isolation or as a substitute for analysis of Meridian’s results as reported under GAAP, nor is it necessarily comparable to non-GAAP performance measures that may be presented by other companies.
Pre-Provision Net Revenue Reconciliation
Three Months Ended
Six Months Ended
(Dollars in thousands, except per share data, Unaudited)
June 30,
2026		March 31,
2026		June 30,
2025		June 30,
2026		June 30,
2025
Income before income tax expense$7,479 $2,588 $7,287 $10,067 $10,432 
Provision for credit losses2,968 7,493 3,803 10,461 9,015 
Pre-provision net revenue$10,447 $10,081 $11,090 $20,528 $19,447 

Pre-Provision Net Revenue Reconciliation
Three Months Ended
Six Months Ended
(Dollars in thousands, except per share data, Unaudited)
June 30,
2026		March 31,
2026		June 30,
2025		June 30,
2026		June 30,
2025
Bank$9,387 $10,513 $9,005 $19,899 $17,863 
Wealth574 811 604 1,384 1,332 
Mortgage486 (1,243)1,481 (755)252 
Pre-provision net revenue$10,447 $10,081 $11,090 $20,528 $19,447 

Allowance For Credit Losses (ACL) to Loans and Other Finance Receivables, Excluding Loans at Fair Value
June 30,
2026		March 31,
2026		December 31,
2025		September 30,
2025		June 30,
2025
Allowance for credit losses (GAAP)
$21,463 $21,252 $21,573 $21,794 $20,851 
Loans and other finance receivables (GAAP)
2,177,978 2,181,575 2,170,600 2,162,845 2,108,250 
Less: Loans at fair value
(13,619)(14,090)(14,396)(14,454)(14,541)
Loans and other finance receivables, excluding loans at fair value (non-GAAP)
$2,164,359 $2,167,485 $2,156,204 $2,148,391 $2,093,709 
ACL to loans and other finance receivables (GAAP)
0.99 %0.97 %0.99 %1.01 %0.99 %
ACL to loans and other finance receivables, excluding loans at fair value (non-GAAP)
0.99 %0.98 %1.00 %1.01 %1.00 %


11

Tangible Common Equity Ratio Reconciliation - Corporation
June 30,
2026		March 31,
2026		December 31,
2025		September 30,
2025		June 30,
2025
Total stockholders' equity (GAAP)
$204,810 $200,225 $199,716 $188,029 $178,020 
Less: Goodwill and intangible assets
(3,360)(3,411)(3,462)(3,513)(3,564)
Tangible common equity (non-GAAP)
201,450 196,814 196,254 184,516 174,456 
Total assets (GAAP)
2,593,176 2,576,581 2,561,995 2,541,130 2,510,938 
Less: Goodwill and intangible assets(3,360)(3,411)(3,462)(3,513)(3,564)
Tangible assets (non-GAAP)
$2,589,816 $2,573,170 $2,558,533 $2,537,617 $2,507,374 
Tangible common equity to tangible assets ratio - Corporation (non-GAAP)
7.78 %7.65 %7.67 %7.27 %6.96 %
Tangible Common Equity Ratio Reconciliation - Bank
June 30,
2026		March 31,
2026		December 31,
2025		September 30,
2025		June 30,
2025
Total stockholders' equity (GAAP)$249,468 $244,621 $244,064 $236,038 $228,127 
Less: Goodwill and intangible assets(3,360)(3,411)(3,462)(3,513)(3,564)
Tangible common equity (non-GAAP)246,108 241,210 240,602 232,525 224,563 
Total assets (GAAP)2,591,551 2,575,135 2,560,485 2,541,395 2,510,684 
Less: Goodwill and intangible assets(3,360)(3,411)(3,462)(3,513)(3,564)
Tangible assets (non-GAAP)$2,588,191 $2,571,724 $2,557,023 $2,537,882 $2,507,120 
Tangible common equity to tangible assets ratio - Bank (non-GAAP)9.51 %9.38 %9.41 %9.16 %8.96 %
Tangible Book Value Reconciliation
June 30,
2026		March 31,
2026		December 31,
2025		September 30,
2025		June 30,
2025
Book value per common share$17.22 $16.86 $16.89 $16.33 $15.76 
Less: Impact of goodwill /intangible assets0.28 0.29 0.30 0.31 0.32 
Tangible book value per common share$16.94 $16.57 $16.59 $16.02 $15.44 
12
Second Quarter 2026 NASDAQ: MRBK Earnings Supplement July 30, 2026

 
FORWARD-LOOKING STATEMENTS Meridian Corporation (the “Corporation”) may from time to time make written or oral “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements with respect to Meridian Corporation’s strategies, goals, beliefs, expectations, estimates, intentions, capital raising efforts, financial condition and results of operations, future performance and business. Statements preceded by, followed by, or that include the words “may,” “could,” “should,” “pro forma,” “looking forward,” “would,” “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” "forecasted", or similar expressions generally indicate a forward-looking statement. These forward-looking statements involve risks and uncertainties that are subject to change based on various important factors (some of which, in whole or in part, are beyond Meridian Corporation’s control). Numerous competitive, economic, regulatory, legal and technological factors, risks and uncertainties that could cause actual results to differ materially include, without limitation, credit losses and the credit risk of our commercial and consumer loan products; changes in the level of charge-offs and changes in estimates of the adequacy of the allowance for credit losses, or ACL, including the timing of third-party appraisals and loan valuations from lead financial institutions in which we are a loan participant; cyber-security concerns; rapid technological developments and changes, including the development and use of artificial intelligence in business processes, services, and products; increased competitive pressures; changes in spreads on interest-earning assets and interest-bearing liabilities; changes in general economic conditions and conditions within the securities markets; escalating tariff and other trade policies and the resulting impacts on market volatility and global trade; the impact of uncertain or changing political conditions or any current or future federal government shutdown and uncertainty regarding the federal government's debt limit, geopolitical conditions, including acts or threats of terrorism, actions taken by the United States or other governments in response to acts or threats of terrorism and military conflicts, including the ongoing conflict in the Middle East, which could impact economic conditions in the United States; unanticipated changes in our liquidity position; unanticipated changes in regulatory and governmental policies impacting interest rates and financial markets; legislation affecting the financial services industry as a whole, and Meridian Corporation, in particular; changes in accounting policies, practices or guidance; developments affecting the industry and the soundness of financial institutions and further disruption to the economy and U.S. banking system; among others, could cause Meridian Corporation’s financial performance to differ materially from the goals, plans, objectives, intentions and expectations expressed in such forward-looking statements. Meridian Corporation cautions that the foregoing factors are not exclusive, and neither such factors nor any such forward-looking statement takes into account the impact of any future events. All forward-looking statements and information set forth herein are based on management’s current beliefs and assumptions as of the date hereof and speak only as of the date they are made. For a more complete discussion of the assumptions, risks and uncertainties related to our business, you are encouraged to review the Corporation’s filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2025 and subsequently filed quarterly reports on Form 10-Q and current reports on Form 8-K that update or provide information in addition to the information included in the Form 10-K and Form 10-Q filings, if any. The Corporation does not undertake to update any forward-looking statement whether written or oral, that may be made from time to time by the Corporation or by or on behalf of Meridian Bank, except as may be required under applicable laws. Meridian Corporation 2

 
MRBK INVESTMENT HIGHLIGHTS Regional presence with a community touch. "Go to" bank in the Delaware Valley Demonstrated organic growth engine in diversified loan segments. Focus on Commercial, CRE and Small Business Lending Valuable customer base trained to solely use electronic channel. Strong sales culture that capitalizes on market disruption. Skilled management team with extensive in-market experience. Comfortably handle all but the largest companies. Meridian Corporation 3

 
Geographic Footprint Regional Market Meridian Corporation 4

 
Q2'2026 vs Q2'2025 Financial Recap Summary Income Statement ($000s) Q2'2026 Q2'2025 Net Interest Income $ 22,791 $ 21,159 Provision for Credit Losses 2,968 3,803 Non-Interest Income 9,883 11,288 Non-Interest Expense 22,227 21,357 Income Before Income Taxes 7,479 7,287 Income Taxes 1,672 1,695 Net income $ 5,807 $ 5,592 Earnings Per Share Diluted Earnings Per Share $ 0.48 $ 0.49 Pre-Provision Net Revenue by Segment 1 Bank $ 9,387 $ 9,005 Wealth 574 604 Mortgage 486 1,481 Pre-Provision Net Revenue $ 10,447 $ 11,090 Assets ($M) Loans ($M) Deposits ($M) Q2'2022 Q2'2023 Q2'2024 Q2'2025 Q2'2026 $1,000 $2,000 $3,000 Summary Balance Sheet June 30, 2026 June 30, 2025 Assets ($M) $ 2,593 $ 2,511 Loans ($M) 2 2,178 2,108 Deposits ($M) 2,194 2,110 Equity ($M) 205 178 1) A Non-GAAP measure. See Non-GAAP reconciliation in the Appendix. 2) Includes loans held for investment. Meridian Corporation 5

 
For the Calendar Quarter Ended Balance Sheet ($M) Q2'2026 Q1'2026 Q4'2025 Q3'2025 Q2'2025 Total Assets $ 2,593 $ 2,577 $ 2,562 $ 2,541 $ 2,511 Total Loans & Leases² 2,233 2,221 2,204 2,191 2,152 Deposits 2,194 2,170 2,158 2,131 2,110 Equity 205 200 200 188 178 Tangible Equity / Tangible Assets3 7.78 % 7.65 % 7.67 % 7.27 % 6.96 % Net Income & Share Data ($000s) Net Income $ 5,807 $ 2,006 $ 7,186 $ 6,659 $ 5,592 Diluted EPS 0.48 0.17 0.61 0.58 0.49 Price per Common Share 20.03 18.96 17.58 15.79 12.89 TBV per Share 16.94 16.57 16.59 16.02 15.44 Pre-Provision Net Revenue3 10,447 10,081 12,584 11,523 11,090 Common Dividends per Share 0.140 0.140 0.125 0.125 0.125 Dividend Yield (annualized) 2.8 % 3.0 % 3.2 % 3.2 % 3.9 % Profitability (%) ROAE 11.42 % 4.02 % 14.79 % 14.42 % 12.68 % ROAA 0.90 % 0.32 % 1.10 % 1.04 % 0.90 % NIM 3.69 % 3.82 % 3.77 % 3.77 % 3.54 % Q2'2026 HIGHLIGHTS 1) As of and for the quarter ended June 30, 2026, per July 30, 2026 press release. 2) Includes loans held for sale and loans held for investment. 3) A Non-GAAP measure. See Non-GAAP reconciliation in the Appendix. Meridian Corporation 6

 
Q2'2026 INCOME STATEMENT TRENDS ($000s) Pre-Provision Net Revenue by Segment Q2'2026 Q1'2026 Q4'2025 Q3'2025 Q2'2025 Bank $ 9,387 $ 10,513 $ 11,771 $ 10,504 $ 9,005 Wealth 574 811 493 512 604 Mortgage 486 (1,243) 320 507 1,481 Total Pre-Provision Net Revenue $ 10,447 $ 10,081 $ 12,584 $ 11,523 $ 11,090 Q2'2025 Q3'2025 Q4'2025 Q1'2026 Q2'2026 Net Interest Income Non-Interest Income Non-Interest Expense Pre-Provision Net Revenue Net Income $0 $5,000 $10,000 $15,000 $20,000 $25,000 Meridian Corporation 7

 
NET INTEREST MARGIN 3.06% 3.20% 3.29% 3.46% 3.54% 3.77% 3.77% 3.82% 3.69% 6.98% 7.06% 6.81% 6.83% 6.89% 7.01% 6.82% 6.69% 6.59% 4.10% 4.05% 3.71% 3.56% 3.52% 3.42% 3.23% 3.04% 3.08% Net Interest Margin Yield on Earning Assets Cost of Funds Q2'2024 Q3'2024 Q4'2024 Q1'2025 Q2'2025 Q3'2025 Q4'2025 Q1'2026 Q2'2026 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% Meridian Corporation 8

 
DEPOSIT REPRICING Data as of June 30, 2026 • During Q2, time deposit costs decreased 2 bps. • $401 million in term deposits to reprice next six months • Currently repricing at approx. 4.15%, up from 3.80% and 3.81% through months 1 to 3 and 3 to 6, respectively • Deposit pricing pressure is offset by $58 million in loans repricing approx.180 basis points on avg. during next 6 months. Meridian Corporation 9 Time Deposit Maturity Schedule ($000s) - as of June 30, 2026 3.80% 3.81% 3.76% 3.84% 3.72% 3.77% 3.94% Amount Maturing (000s) Blended Cost by Period 1-3 MONTHS 3-6 MONTHS 6-9 MONTHS 9-12 MONTHS 12-18 MONTHS 18-24 MONTHS > 2 YRS $— $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000 $180,000 $200,000 $220,000 $240,000 $260,000 $280,000 $300,000 3.50% 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%

 
NON-INTEREST INCOME ($000s) Q2'2026 Q1'2026 $ Change Mortgage banking income 1 $ 6,229 $ 4,115 $ 2,114 SBA income 615 150 465 Wealth management income 1,706 1,729 (23) Other income 1,333 1,043 290 Total $ 9,883 $ 7,037 $ 2,846 Note 1 - includes FV change on mortgages HFS and related hedging derivatives. 63.0% 17.3% 6.2% 0.0% 13.5% Mortgage banking income Wealth management income SBA income Net gain on sale of MSR's Other income (% of total non-interest income during Q2'2026) Meridian Corporation 10

 
NON-INTEREST EXPENSE (% of total non-interest expense during Q2'2026) ($000s) Q2'2026 Q1'2026 $ Change Salaries & benefits $ 13,193 $ 12,386 $ 807 Occupancy & equipment 1,172 1,183 (11) Professional fees 1,164 974 190 Data processing and IT 2,018 1,973 45 Advertising & promotion 1,317 692 625 Other 3,363 2,950 413 Total $ 22,227 $ 20,158 $ 2,069 59.4% 5.3% 5.2% 9.1% 5.9% 15.1% Salaries & employee benefits Occupancy & equipment Professional Data processing / IT Advertising & promotion Other Meridian Corporation 11

 
LOANS AND OTHER FINANCE RECEIVABLES Balance ($000s) June 30, 2026 YTD Growth % Commercial Mortgage $ 911,710 3.7 % Commercial, Industrial & other finance receivables 445,594 3.9 % Construction 315,511 (4.5) % SBA loans 124,600 (10.9) % Leases, net 35,182 (22.7) % Residential mortgage 229,934 (2.6) % Home equity 112,784 5.4 % Consumer (other) 288 (12.5) % Total $ 2,175,603 0.4 % Commercial Mortgage, 42% Consumer, 16% C&I, 20% SBA, 6% Construction, 14% Leases, 2% Commercial - 84% Consumer - 16% (residential, home equity, personal) Meridian Corporation 12 As of June 30, 2026

 
C&I LOAN PORTFOLIO OVERVIEW C&I Portfolio By Industry as of June 30, 2026 10 Largest C&I Relationships as a % of C&I Portfolio 11.5% 10 Largest C&I Relationships as a % of Total Loan Portfolio 4.7% Average Loan Size O/S of C&I Portfolio, excluding leases ($000s) $406 Weighted Average Risk Rating of C&I Portfolio Pass 15.8% 13.4% 8.3% 8.0% 5.2% 3.5% 6.2% 4.7% 2.1% 7.2% 6.8%1.6% 1.3% 15.8% Manufacturing Construction Related RE Investment Professional Services Health & Social Services Admin & Support Retail Trade Leisure Commercial & Consumer Rental Wholesale Trade Financial, Insurance & RE Services Communication Infrastructure Providers & Services Waste Mgmt & Remediation Other *Includes commercial owner occupied real estate of $286 million Meridian Corporation Portfolio Characteristics 13 $884 M Total C&I* Includes $25 M of private equity loans

 
30.9% 2.1% 17.5% 1.6% 26.0% 12.1% 1.9% 3.4% 4.6% Resi & Coml Constr RE & Rental Lease Com RE Inv Construction Related RE Inv Leisure Health Care and Social Assistance Other Fin, Ins, RE Services CRE LOAN PORTFOLIO OVERVIEW - as of June 30, 2026 $941 M* Total CRE (as a % of CRE loans) *Commercial owner occupied real estate loans of $286 million not included (see C&I chart) • $63.9 M of office buildings • $102 M of multi-family loans • Wtd. avg. LTV - 71% Meridian Corporation Multi-family Loans by Region: Region Amount ($000s) % of Total Philadelphia $ 79,750 77.2 % Chester County, PA 2,114 2.1 % Montgomery County, PA 4,871 4.8 % New Castle, DE 11,108 10.9 % Delaware County, PA 1,421 1.4 % Bucks County, PA 1,331 1.3 % Southern NJ 630 0.6 % Other 726 0.7 % Total $ 101,951 14

 
CRE RATIOS - 100 & 300* 75% 75% 88% 96% 99% 73% 73% 127% 113% 114% 120% 120% 127% 131% 135% 123% 150% 149% 156% 184% 177% 172% 169% 234% 256% 277% 287% 282% 288% 284% 289% 275% CRE 100 Ratio CRE 300 Ratio Dec- 15 Dec- 16 Dec- 17 Dec- 18 Dec- 19 Dec- 20 Dec- 21 Dec- 22 Dec- 23 Dec- 24 Mar- 25 Jun- 25 Sept- 25 Dec- 25 Mar- 26 June- 26 50% 100% 150% 200% 250% 300% Increase in Construction - largely Multi-family Meridian Corporation 15 * The CRE 100 Ratio and CRE 300 Ratio consist of construction loans (100) and non-owner occupied CRE loans (300) compared to total risk-based capital at June 30, 2026.

 
6.82% 7.89% 11.10% 11.50% 11.47% 10.53% 11.04% 10.50% 10.64% 10.35% 0.54% 1.12% 3.43% 3.96% 3.56% 3.52% 3.42% 3.23% 3.04% 3.08% Yield on SBA Loans Cost of Funds FYE 21 FYE 22 FYE 23 FYE 24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 —% 5.00% 10.00% 15.00% SBA Loan Portfolio Overview SBA Loan Portfolio Profitability ($000s) Yield vs. Cost $11,773 $13,280 $15,976 $15,245 $16,929 $2,810 $3,055$2,478 $1,172 $2,469 $3,463 $8,111 $894 $1,437 Total Net Revenue Provision for Credit Losses FYE 21 FYE 22 FYE 23 FYE 24 FYE 25 Q1'26 Q2'26 $5,000 $10,000 $15,000 $20,000 • $124.6 million loans outstanding at June 30, 2026. • Very profitable portfolio. • Spread on SBA portfolio - 7.22% for Q2 2026. • 50% of non-performing loans as of June 30, 2026 were originated during 2020-2021 prior to 500+ bps rise in rates. Meridian Corporation 16

 
ASSET QUALITY TRENDS 0.05% 0.05% 0.11% 0.12% 0.20% 0.11% 0.34% 0.14% 0.17% 0.09% 0.16% 0.35% 0.12% 1.44% 1.53% 1.76% 1.93% 1.84% 2.20% 2.19% 2.50% 2.35% 2.53% 2.50% 2.64% 3.68% 1.32% 1.38% 1.58% 1.74% 1.68% 1.97% 1.90% 2.07% 2.14% 2.32% 2.38% 2.51% 3.40% NCOs / Avg Loans NPLs / Loans NPAs / Assets Q2'2023 Q3'2023 Q4'2023 Q1'2024 Q2'2024 Q3'2024 Q4'2024 Q1'2025 Q2'2025 Q3'2025 Q4'2025 Q1'2026 Q2'2026 —% 0.25% 0.50% 0.75% 1.00% 1.25% 1.50% 1.75% 2.00% 2.25% 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% Meridian Corporation 17 NOTE:Subsequent to June 30, 2026, a property in OREO valued at $719 thousand sold for a recorded gain of $218 thousand.

 
ASSET QUALITY - as of June 30, 2026 Comm Mtg (4), $7,155 Comm Mtg - Owner Occupied (3), $5,081 Land Dev (2), $22,226 C & I - Billboard (1), $5,099 C & I - Other, $1,849 SBA, $24,608 Residential, $8,735 Leases, $1,490 Home Equity, $1,600 Construction (2), $4,230 Non-performing Loans by Type ($000s) $11.9 million (48%) guaranteed by SBA (1) C&I Billboard is comprised of 1 loan relationship. (2) Construction and Land Dev, each, are comprised of 3 loan relationships. (3) Comm Mtg - Owner Occupied consists of 2 loan relationships. (4) Comm Mtg consists of 4 loan relationships. Meridian Corporation 18

 
MORTGAGE VOLUME & MARGIN TRENDS ($000s) 2.81% 2.82% 2.73% 2.63% 2.86% 2.93% 2.82% 2.91% 2.58% Closed and Funded - Purchase Closed and Funded - Refi Sold Volume Margin Q2'2024 Q3'2024 Q4'2024 Q1'2025 Q2'2025 Q3'2025 Q4'2025 Q1'2026 Q2'2026 0 50 100 150 200 250 300 2.00% 2.20% 2.40% 2.60% 2.80% 3.00% Q2'2024 Q3'2024 Q4'2024 Q1'2025 Q2'2025 Q3'2025 Q4'2025 Q1'2026 Q2'2026 Refinance (%) 10% 12% 16% 18% 14% 14% 21% 30% 17% Purchase (%) 90% 88% 84% 82% 86% 86% 79% 70% 83% Meridian Corporation 20 Period Sold Volume ($000s) Margin Q2'2026 $ 247,607 2.58 % Q1'2026 166,546 2.91 % FY 2025 773,228 2.82 % FY 2024 790,393 2.82 % FY 2023 606,042 2.85 % Period Originations ($000s) % Refi Q2'2026 $ 269,229 17 % Q1'2026 182,511 30 % FY 2025 830,751 17 % FY 2024 841,705 14 % FY 2023 678,617 11 % Year over Year Summary

 
DEPOSIT COMPOSITION - as of June 30, 2026 Business Accounts, 50% Consumer Accounts, 15% Municipal Deposits, 12% Time Deposits (Brokered), 23% Business Accounts Consumer Accounts Municipal Deposits Time Deposits (Brokered) Total Deposits $2.2 billion • At June 30, 2026, 65% of business accounts and 87% of consumer accounts were fully insured by the FDIC. • The average business money market account balance was $515 thousand at June 30, 2026. • The municipal deposits are 100% insured or collateralized and brokered time deposits are 100% FDIC insured. • The level of uninsured deposits for the entire deposit base was 20% at June 30, 2026. (as a % of total deposits) Meridian Corporation 21

 
INVESTMENT PORTFOLIO COMPOSITION - as of June 30, 2026 • Total investment securities 9.1% of total assets: – 86% Available for sale (AFS). – 14% Held-to-maturity (HTM). • Portfolio duration - 3.83 years • Average life - 4.93 years • Tax-equivalent yield - 3.85% • 12-month projected cash flow $30.0 million, or 13.09% of portfolio • Post Tax AFS URL $4.9 million or 1.97% of Tier 1 capital (1) (1) Capital ratios reflect Meridian Bank ratios. US government agency 46.8% State & municipal - tax free 23.4% Other 12.4% US asset backed 9.1% State & municipal - taxable 7.4% Equity securities 0.9% Total Securities $235 million Meridian Corporation 22

 
APPENDIX - HISTORICAL FINANCIAL HIGHLIGHTS AND RECONCILIATIONS OF NON-GAAP MEASURES Meridian Corporation 23

 
HISTORICAL FINANCIAL DATA 1) Includes loans held for sale and held for investment. 2) Includes loans held for investment (excluding loans at fair value). 3) A Non-GAAP measure. See Appendix for Non-GAAP to GAAP reconciliation. As of or for the Quarter Ended As of or for the Year Ended (dollars in thousands) Q2'2026 Q1'2026 Q2'2025 2025Y 2024Y 2023Y Balance Sheet Total Assets $ 2,593,176 $ 2,576,581 $ 2,510,938 $ 2,561,995 $ 2,385,867 $ 2,246,193 Loans (1) 2,232,876 2,220,535 2,152,328 2,204,362 2,062,850 1,920,622 Deposits 2,194,438 2,169,960 2,110,374 2,158,128 2,005,368 1,823,462 Gross Loans / Deposits 101.75 % 102.33 % 101.99 % 102.14 % 102.87 % 105.33 % Capital Total Equity $ 204,810 $ 200,225 $ 178,020 $ 199,716 $ 171,522 $ 158,022 Tangible Common Equity / Tangible Assets - HC (3) 7.78 % 7.65 % 6.96 % 7.67 % 7.05 % 6.87 % Tangible Common Equity / Tangible Assets - Bank (3) 9.51 9.38 8.96 9.41 9.06 8.94 Tier 1 Leverage Ratio - Bank 9.72 9.58 9.32 9.50 9.21 9.46 Total Capital Ratio - Bank 11.64 11.51 11.54 11.65 11.20 11.17 Commercial Real Estate Loans / Total RBC 280.3 % 289.0 % 282.3 % 284.1 % 277.2 % 255.9 % Earnings & Profitability Net Income $ 5,807 $ 2,006 $ 5,592 $ 21,836 $ 16,346 $ 13,243 ROA 0.90 % 0.32 % 0.90 % 0.87 % 0.70 % 0.61 % ROE 11.42 4.02 12.68 12.00 9.93 8.53 Net Interest Margin (NIM)(TEY) 3.69 3.82 3.54 3.64 3.16 3.35 Non-Int Inc. / Avg. Assets 1.53 1.11 1.82 1.56 1.76 1.48 Efficiency Ratio 68.03 % 66.66 % 65.82 % 65.67 % 70.46 % 76.43 % Asset Quality Nonaccrual Loans / Loans (1) 3.68 % 2.64 % 2.35 % 2.50 % 2.19 % 1.76 % NPAs / Assets 3.40 2.51 2.14 2.38 1.90 1.58 Reserves / Loans (2) (3) 0.99 0.98 1.00 1.00 0.91 1.17 NCOs / Average Loans 0.12 % 0.35 % 0.17 % 0.55 % 0.78 % 0.30 % Yield and Cost Yield on Earning Assets (TEY) 6.59 % 6.69 % 6.89 % 6.89 % 6.94 % 6.62 % Cost of Deposits 2.89 2.84 3.31 3.23 3.82 3.24 Cost of Interest-Bearing Liabilities 3.45 % 3.41 % 3.96 % 3.85 % 4.46 % 3.97 % Meridian Corporation 24

 
Allowance For Credit Losses (ACL) to Loans and Other Finance Receivables, Excluding Loans at Fair Value (dollars in thousands) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Allowance for credit losses (GAAP) $ 21,463 $ 21,252 $ 21,573 $ 21,794 $ 20,851 Loans and other finance receivables (GAAP) 2,177,978 2,181,575 2,170,600 2,162,845 2,108,250 Less: Loans at fair value (13,619) (14,090) (14,396) (14,454) (14,541) Loans and other finance receivables, excluding loans at fair value (non-GAAP) $ 2,164,359 $ 2,167,485 $ 2,156,204 $ 2,148,391 $ 2,093,709 ACL to loans and other finance receivables (GAAP) 0.99 % 0.97 % 0.99 % 1.01 % 0.99 % ACL to loans and other finance receivables, excluding loans at fair value (non-GAAP) 0.99 % 0.98 % 1.00 % 1.01 % 1.00 % RECONCILIATION OF NON-GAAP MEASURES Meridian believes that non-GAAP measures are meaningful because they reflect adjustments commonly made by management, investors, regulators and analysts. The non-GAAP disclosure have limitations as an analytical tool, should not be viewed as a substitute for performance and financial condition measures determined in accordance with GAAP, and should not be considered in isolation or as a substitute for analysis of Meridian’s results as reported under GAAP, nor is it necessarily comparable to non-GAAP performance measures that may be presented by other companies. Pre-Provision Net Revenue Reconciliation Three Months Ended (Dollars in thousands, except per share data) June 30, 2026 March 31, 2026 June 30, 2025 Income before income tax expense $ 7,479 $ 2,588 $ 7,287 Provision for credit losses 2,968 7,493 3,803 Pre-provision net revenue $ 10,447 $ 10,081 $ 11,090 Bank $ 9,387 $ 10,513 $ 9,005 Wealth 574 811 604 Mortgage 486 (1,243) 1,481 Pre-provision net revenue $ 10,447 $ 10,081 $ 11,090 Meridian Corporation 25

 
(dollars in thousands) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Tangible common equity ratio - Corporation: Total stockholders' equity (GAAP) $ 204,810 $ 200,225 $ 199,716 $ 188,029 $ 178,020 Less: Goodwill and intangible assets (3,360) (3,411) (3,462) (3,513) (3,564) Tangible common equity (non-GAAP) $ 201,450 $ 196,814 $ 196,254 $ 184,516 $ 174,456 Total assets (GAAP) $ 2,593,176 $ 2,576,581 $ 2,561,995 $ 2,541,130 $ 2,510,938 Less: Goodwill and intangible assets (3,360) (3,411) (3,462) (3,513) (3,564) Tangible assets (non-GAAP) $ 2,589,816 $ 2,573,170 $ 2,558,533 $ 2,537,617 $ 2,507,374 Tangible common equity ratio (non-GAAP) 7.78 % 7.65 % 7.67 % 7.27 % 6.96 % Tangible common equity ratio - Bank: Total stockholders' equity (GAAP) $ 249,468 $ 244,621 $ 244,064 $ 236,038 $ 228,127 Less: Goodwill and intangible assets (3,360) (3,411) (3,462) (3,513) (3,564) Tangible common equity (non-GAAP) $ 246,108 $ 241,210 $ 240,602 $ 232,525 $ 224,563 Total assets (GAAP) $ 2,591,551 $ 2,575,135 $ 2,560,485 $ 2,541,395 $ 2,510,684 Less: Goodwill and intangible assets (3,360) (3,411) (3,462) (3,513) (3,564) Tangible assets (non-GAAP) $ 2,588,191 $ 2,571,724 $ 2,557,023 $ 2,537,882 $ 2,507,120 Tangible common equity ratio (non-GAAP) 9.51 % 9.38 % 9.41 % 9.16 % 8.96 % RECONCILIATION OF NON-GAAP MEASURES Meridian Corporation 26