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Meridian vs First United: MRBK and FUNC compared
Meridian is the larger company: $30.1M of revenue in its latest quarter (Q3 2026) against $25.2M for First United (Q3 2026). First United is growing faster (+11% against -9% a year earlier). First United is more profitable, with an operating margin of 37.6% against 19.9%.
Where the money goes: MRBK and FUNC
Meridian (MRBK) · Q3 2026
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 follows the revenue to costs, profit and cash.
First United (FUNC) · Q3 2026
First United, Q3 2026: revenue $25.2M (+11% year over year), operating margin 37.6%, net earnings $7.2M, operating cash flow $4.8M. The chart follows the revenue to costs, profit and cash.
| Meridian (MRBK) | First United (FUNC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $30.1M | $25.2M |
| Revenue growth, Y/Y | -9% | +11% |
| Operating margin | 19.9% | 37.6% |
| Net earnings | $5.2M | $7.2M |
| Net margin | 17.3% | 28.5% |
| Operating cash flow | $12.6M | $4.8M |
| Free cash flow | $12.4M | $4.6M |
Where the revenue comes from
Meridian
- Net interest income: $23.4M (78%)
- Noninterest income: $6.7M (22%)
First United
- Net interest income: $19.6M (78%)
- Noninterest income: $5.6M (22%)
Questions
Which is bigger, Meridian or First United?
Meridian is the larger company: $30.1M of revenue in its latest quarter (Q3 2026) against $25.2M for First United (Q3 2026).
Is Meridian or First United growing faster?
First United is growing faster (+11% against -9% a year earlier).
Which is more profitable, Meridian or First United?
First United is more profitable, with an operating margin of 37.6% against 19.9%.
More: Meridian earnings · how Meridian makes money · First United earnings · how First United makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 9, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.