Meridian Corporation · NASDAQ:MRBK
Meridian — Q1 2019 Earnings Presentation
7 slides from Meridian's earnings presentation, May 23, 2019
Slide 1: 1st Quarter 2019
1st Quarter 2019 NASDAQ: MRBK May 23, 2019 Exhibit 99.2
Slide 2: Forward-Looking Statements
2 Meridian Corporation Forward-Looking Statements Meridian Corporation (the “Corporation”) may from time to time make written or oral “forward-looking statements,” including statements contained in this presentation as well as the Corporation’s filings with the SEC, in its reports to stockholders an
Slide 3: Company Highlights
3 Meridian Corporation Company Highlights Demonstrated organic growth engine in diversified loan segments, capitalizing on market disruption in the Delaware Valley tri-state market Financial services business model with significant noninterest income streams in Meridian Wealth Partners, SBA Lending
Slide 4: Summary Income Statement
4 Meridian Corporation Summary Income Statement Net Interest Income ($M) Noninterest Income ($M) Noninterest Expense ($M) Net Income ($M) $21.5 $23.4 $25.8 $28.9 $32.7 2014 2015 2016 2017 2018 $25.3 $36.1 $42.8 $36.7 $32.4 2014 2015 2016 2017 2018 $37.7 $48.6 $59.9 $57.7 $52.9 2014 2015 2016 2017 20
Slide 5: Profitability Ratios
5 Meridian Corporation Profitability Ratios Return on Average Assets¹ (%) Return on Average Equity¹ (%) Efficiency Ratio (%) Non-Interest Income / Average Assets (%) 0.80% 1.02% 0.71% 0.39% 0.89% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 2014 2015 2016 2017 2018 10.32% 12.78% 7.69% 3.97% 7.74% 0.00%
Slide 6: Asset Quality
6 Meridian Corporation Asset Quality (1) Nonperforming assets defined as loans 90+ days past due, nonaccrual loans and leases and OREO (2) Excludes loans held for sale NPAs¹ / Assets (%) Reserves / Loans Held for Investment² NPLs / Loans (%) Net Chargeoffs / Average Loans (%) 0.67% 0.63% 0.73% 0.42%
Slide 7: Select Condensed Financial Information for the Quarter Ended March 31, 2019
Meridian Corporation Select Condensed Financial Information for the Quarter Ended March 31, 2019 For the Quarter Ended (Unaudited) (Dollars in thousands, except per share data) 2019 2018 2018 2018 2018 March 31 December 31 September 30 June 30 March 31 Income: Net income - consolidated $ 2,006 $ 2,3