Meridian Corporation has announced its financial results for the second quarter of 2025. The company reported a net income of $5.6 million, a significant increase from the $2.4 million reported in the first quarter of 2025 and $3.3 million in the same quarter of the previous year. The diluted earnings per share for the quarter stood at $0.49, up from $0.21 in the previous quarter and $0.30 a year ago. Meridian's Pre-provision Net Revenue (PPNR) was $11.1 million, showing a considerable rise from $8.4 million in the first quarter of 2025 and $7.1 million in the second quarter of 2024. The company attributed its improved earnings to factors such as better margins, SBA loan sales, and mortgage seasonality. Loan growth for the quarter was 2.5%, though it was affected by a large SBA loan sale and planned paydowns in the lease group. Looking ahead, Meridian forecasts loan growth in the range of 8-10% for the year and remains focused on reducing historically high nonperforming loans. The company also announced a quarterly cash dividend of $0.125 per common share, payable on August 18, 2025, to shareholders of record as of August 11, 2025.
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