Filing Flows › Meridian (MRBK) › Q3 2026 › vs Q3 2025
Meridian (MRBK) Q3 2026 vs Q3 2025 (year over year)
Meridian's revenue fell $2.9M (-9%) from $33.1M in Q3 2025 to $30.1M in Q3 2026. The biggest changes: Noninterest income −$3.2M (-33%); Net interest income +$320K (+1%). Operating margin 19.9% against 26.2% (-6.4 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 19.9% | 26.2% | -6.4 pts |
| Net margin | 17.3% | 20.1% | -2.9 pts |
| Free cash flow margin | 41.2% | 72.4% | -31.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Net interest income | $23.4M | $23.1M | $320K | +1% |
| Noninterest income | $6.7M | $10.0M | −$3.2M | -33% |
| Revenue | $30.1M | $33.1M | −$2.9M | -9% |
| Operating profit | $6.0M | $8.7M | −$2.7M | -31% |
| Costs & expenses | $24.2M | $24.4M | −$240K | -1% |
| Pre-tax earnings | $6.0M | $8.7M | −$2.7M | -31% |
| Credit loss provision | $1.1M | $2.9M | −$1.7M | -60% |
| Noninterest expense | $23.0M | $21.5M | $1.5M | +7% |
| Net earnings | $5.2M | $6.7M | −$1.5M | -22% |
| Income tax | $778K | $2.0M | −$1.2M | -61% |
| Share-based compensation | $120K | $102K | $18K | +18% |
| Working capital & other | $7.2M | $17.6M | −$10.4M | -59% |
| Operating cash flow | $12.6M | $24.4M | −$11.8M | -49% |
| Free cash flow (OCF − capex) | $12.4M | $24.0M | −$11.5M | -48% |
| Capital expenditures | $155K | $448K | −$293K | -65% |
Questions
How much did Meridian's revenue grow year over year in Q3 2026?
Meridian's revenue fell $2.9M (-9%) from $33.1M in Q3 2025 to $30.1M in Q3 2026.
What drove Meridian's revenue change in Q3 2026?
Noninterest income −$3.2M (-33%); Net interest income +$320K (+1%).