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Vol. II · No. 255Saturday, 12 September 2026
TTitan Protect
The Screen · Financials · Banks - Regional

Meridian Corp

MRBK · NASDAQ · USD · Market cap $237M · 327 employees

Meridian Corporation operates as the bank holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, Maryland, and Florida.

FAIL · Does not pass the screen
19.96 USD

At the last full screen
2026-06-14

Screened 2026-06-14 · the tape above runs as of 22:12 UTC · 11 Sep · two dates, stated on purpose · verdict and workings shown in full · never trimmed

The Label · The Season, Not the Day

This name holds its markdown label.

Meridian Corp holds its Markdown at $19.96. Consolidating, no directional conviction, held for 5 days.

As held on the ledger · 2026-06-14
PhaseMarkdown · caution
Quantitative stateConsolidating, no directional conviction, held for 5 days
Price at the screen$19.96
Valuation10.79 trailing · 7.83 forward price to earnings
Values screenFAIL · score 30.0
Beta0.67
The Workings

Five Screens, Shown in Full

Does not pass. Excluded industry: Banks - Regional

TestFigureLimitWhat it meansStatus
Business activity Excluded Core business clean Excluded industry: Banks - Regional Fail
Debt load Excluded Below 33% Interest-bearing debt is of its assets, above the one-third ceiling the screen allows. Fail
Interest-bearing cash Excluded Below 33% Interest-bearing cash and securities are of assets, above the one-third limit. Fail
Receivables Excluded Below 49% Money owed to the company is of assets, above the 49% limit. Fail
Revenue purity Excluded Below 5% of revenue comes from non-compliant sources, over the 5% line. Fail

Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.

What the Numbers Say It Is Worth

The Fair Value Range

23.00Conservative23.00Base case39.92Growth case 19.96Price

Fair value range in USD, drawn from the 2026-06-14 screen. The gold marker is the market price at the same screen. A 15.2% margin of safety to the base estimate.

The Street's Range
21.00Street low 22.00Street average 23.00Street high 19.96Price

Third-party analyst targets: 2 covering, consensus None. The average target sits +10% from the screen price.

Reading the gap · Both our model and the analysts see meaningful upside from here.

Price History & Projections
$24.1$15.9$7.7TODAY5y agoPROJECTIONConservative$23.00 +17%Our fair value$23.00 +17%Street high$23.00 +17%Street avg$22.00 +12%

Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-06-14 screen.

Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.

The Business, in Plain Words
The fundamentals · plain-English read
Forward P/E7.8xexpensive even after accounting for its growth
Trailing P/E10.8xreasonably valued
EPS, trailing1.85
EPS, forward2.55
Revenue growth+3.9%slow but positive growth
Profit margin19.1%healthy profit margins
Return on equity11.5%a modest return on shareholder capital
Dividend yield281.00%
Beta0.67steadier than the market
52-week range11.16 - 21.67
MoatNONE
Market cap$237M
Employees327

The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market.

Plain-English interpretation of our own screen data. Analysis, not advice.

Where & How to Trade

MRBK trades on NASDAQ. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.

The Dated Journal · Newest First, Never Edited

Every Entry, As Written

2026-09-05 Markdown · changed $19.96 +0.0% Entry 5

The framework has shifted from markup to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 8% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 54%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (2 analysts) rates it none, with a mean price target of $22.

2026-08-05 Markup · changed $19.96 +0.0% Entry 4

The framework has shifted from accumulation to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 8% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 54%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (2 analysts) rates it none, with a mean price target of $22.

2026-07-18 Accumulation $19.96 +0.0% Entry 3

The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 8% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 54%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (2 analysts) rates it none, with a mean price target of $22.

2026-07-03 Accumulation $19.96 +0.0% Entry 2

The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns.

2026-07-02 Accumulation $19.96 Entry 1

The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

What Holding Actually Paid · Price Plus Dividends
If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $17.53 +11.8% · $1,118 +11.8%
2 months $20.29 -3.4% $0.14 $973 -2.7%
3 months $18.51 +5.9% $0.14 $1,066 +6.6%
6 months $16.99 +15.3% $0.28 $1,170 +17.0%
1 year $12.68 +54.5% $0.53 $1,586 +58.6%
2 years $9.52 +105.8% $1.03 $2,167 +116.7%
3 years $8.81 +122.3% $1.53 $2,396 +139.6%
5 years $11.04 +77.4% $2.84 $2,032 +103.2%

Historical returns from market close data. Past performance does not guarantee future results.

The Ledger's Promise

This entry now belongs to the ledger. Whatever MRBK does next, these words stay.

Meridian Corp · MRBK · Markdown · $19.96
Recorded 2026-06-14 · before the outcome · scored mechanically

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Screening is research, not a fatwa and not financial advice. Figures are drawn from public accounts at the screen date shown. Always manage your risk.

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