Meridian Corp. (MRBK) intrinsic value & 10-year financials
Meridian Corp. (MRBK) has a Graham intrinsic value of $62.78 per share. At $18.51 on Oct 17, 2026, the stock trades 71% below that value. Over the last 10 fiscal years revenue grew 10.3% a year to $6.3M, with an average return on invested capital of 8.2%.
- Graham intrinsic value
- $62.78
- Share price (Oct 17, 2026)
- $18.51
- Price vs Graham value
- 71% below
- Market cap
- $213.6M
- Revenue (FY2025)
- $6.3M
- Revenue growth (10-yr CAGR)
- 10.3%
- ROIC (10-yr avg)
- 8.2%
- Free cash flow (FY2025)
- $22.6M
MRBK 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $6.3M | $21.8M | $1.89 | $22.6M | — | 9.0% |
| FY2024 | $5.7M | $16.3M | $1.45 | $9.0M | — | 6.7% |
| FY2023 | $4.9M | $13.2M | $1.16 | $17.0M | — | 5.5% |
| FY2022 | $4.7M | $21.8M | $1.79 | $81.8M | — | 10.4% |
| FY2021 | $4.8M | $35.6M | $2.87 | $159.7M | — | 18.0% |
| FY2020 | $3.9M | $26.4M | $2.13 | -$158.9M | — | 12.7% |
| FY2019 | $3.6M | $10.5M | $0.81 | $20.8M | — | 5.1% |
| FY2018 | $3.9M | $8.2M | $0.00 | $9.4M | — | 4.3% |
| FY2017 | $2.9M | $3.0M | $0.00 | $8.1M | — | 1.7% |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Meridian Corp revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Meridian Corp returns on capital have been average, hovering around 8.2% ROIC over the decade.
Meridian Corp capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Meridian Corp is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $62.78 per share.