Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | $4.73M | $4.93M | $5.74M | $6.32M |
| Revenue growth | — | — | — | — | — | — | 4.1% | 16.4% | 10.1% |
| Net income | $3.03M | $8.16M | $10.5M | $26.4M | $35.6M | $21.8M | $13.2M | $16.3M | $21.8M |
| Net margin | — | — | — | — | — | 461.2% | 268.7% | 285.0% | 345.7% |
| EPS (diluted) | $0.49 | $1.27 | $1.63 | $4.27 | $2.87 | $1.79 | $1.16 | $1.45 | $1.89 |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $10.5M | $11.0M | $21.6M | -$158M | $165M | $84.7M | $18.9M | $9.60M | $24.3M |
| Capital expenditures | $2.41M | $1.64M | $746K | $747K | $5.37M | $2.91M | $1.82M | $568K | $1.73M |
| Free cash flow | $8.07M | $9.39M | $20.8M | -$159M | $160M | $81.8M | $17.0M | $9.03M | $22.6M |
| Share buybacks | — | — | $3.00K | $5.70M | $3.03M | $13.0M | $4.26M | $0.00 | — |
| Dividends paid | — | — | — | $1.52M | $9.68M | $10.9M | $5.61M | $5.60M | $5.67M |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $35.5M | $24.0M | $39.4M | $36.7M | $23.5M | $38.4M | $56.7M | $27.5M | — |
| Total assets | $856M | $997M | $1.15B | $1.72B | $1.71B | $2.06B | $2.25B | $2.39B | $2.56B |
| Total liabilities | $755M | $888M | $1.03B | $1.58B | $1.55B | $1.91B | $2.09B | $2.21B | $2.36B |
| Long-term debt | $8.86M | $6.24M | — | — | $0.00 | $8.90M | — | — | — |
| Shareholders' equity | $101M | $110M | $121M | $142M | $165M | $153M | $158M | $172M | $200M |
| Retained earnings | $15.8M | $15.5M | $34.1M | $59.0M | $84.9M | $95.8M | $101M | $112M | $128M |
| Shares (wtd avg diluted) | 3.77B | 6.43M | 6.44M | 6.19M | 12.4M | 12.2M | 11.4M | 11.2M | 11.5M |
Every figure is extracted from Meridian Corp’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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