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On May 19, 2025, Robert T. Holland, a director at Meridian Corp (NASDAQ:MRBK), purchased shares of the company’s common stock amounting to a total value of $8,695. The shares were acquired at a consistent price of $14.30 each, above the current market price of $13.55. The regional bank, with a market capitalization of $151 million, currently offers a dividend yield of 3.69%.
The transactions included the purchase of 54.203 shares, 545.12 shares, and 8.742 shares. Following these acquisitions, Holland now directly holds 77,552.323 shares, with an additional 8.742 shares held indirectly by his spouse.
These recent acquisitions further consolidate Holland’s stake in the company, reflecting a continued commitment to Meridian Corp.
In other recent news, Meridian Corporation reported its financial results for the first quarter ending March 31, 2025. The company disclosed a net income of $2.4 million, or $0.21 per diluted share, which is slightly lower than the $2.7 million reported in the same period last year. However, the pre-provision net revenue increased by 30.2% from the previous year, reaching $8.4 million. The company’s total assets grew to $2.5 billion, and commercial loans, excluding leases, rose by 3% over the quarter. Deposits saw a 6% increase, with non-interest-bearing deposits experiencing a notable 34% surge. Additionally, the Board of Directors declared a quarterly cash dividend of $0.125 per common share. In other developments, Meridian Corp held its Annual Meeting of Shareholders, where three Class B directors were elected, and Crowe LLP was ratified as the independent auditor for the upcoming fiscal year. These recent developments highlight Meridian’s ongoing business growth and governance strategies.
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