Filing Flows › Meridian (MRBK) › Q3 2026 › vs Q2 2026
Meridian (MRBK) Q3 2026 vs Q2 2026 (quarter over quarter)
Meridian's revenue fell $2.5M (-8%) from $32.7M in Q2 2026 to $30.1M in Q3 2026. The biggest changes: Noninterest income −$3.2M (-32%); Net interest income +$645K (+3%). Operating margin 19.9% against 22.9% (-3.0 pts).
Meridian, Q3 2026: revenue $30.1M (-9% year over year), operating margin 19.9%, net earnings $5.2M, operating cash flow $12.6M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 19.9% | 22.9% | -3.0 pts |
| Net margin | 17.3% | 17.8% | -0.5 pts |
| Free cash flow margin | 41.2% | -4.3% | +45.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Net interest income | $23.4M | $22.8M | $645K | +3% |
| Noninterest income | $6.7M | $9.9M | −$3.2M | -32% |
| Revenue | $30.1M | $32.7M | −$2.5M | -8% |
| Operating profit | $6.0M | $7.5M | −$1.5M | -20% |
| Costs & expenses | $24.2M | $25.2M | −$1.0M | -4% |
| Pre-tax earnings | $6.0M | $7.5M | −$1.5M | -20% |
| Credit loss provision | $1.1M | $3.0M | −$1.8M | -62% |
| Noninterest expense | $23.0M | $22.2M | $799K | +4% |
| Net earnings | $5.2M | $5.8M | −$600K | -10% |
| Income tax | $778K | $1.7M | −$894K | -53% |
| Share-based compensation | $120K | $118K | $2K | +2% |
| Working capital & other | $7.2M | −$6.9M | $14.1M | — |
| Operating cash flow | $12.6M | −$930K | $13.5M | — |
| Free cash flow (OCF − capex) | $12.4M | −$1.4M | $13.8M | — |
| Capital expenditures | $155K | $469K | −$314K | -67% |
Questions
How much did Meridian's revenue grow quarter over quarter in Q3 2026?
Meridian's revenue fell $2.5M (-8%) from $32.7M in Q2 2026 to $30.1M in Q3 2026.
What drove Meridian's revenue change in Q3 2026?
Noninterest income −$3.2M (-32%); Net interest income +$645K (+3%).