MALVERN, Pa., Oct. 05, 2021 (GLOBE NEWSWIRE) – For the second year in a row, Meridian Bank has earned a spot on Piper Sandler’s âSm-All Stars,â its list of top performing US small-cap banks. Piper Sandler, a leading mid-market investment bank and institutional securities firm, publishes this list every year in order to “discover the next generation of stellar mid-cap banks before they are discovered by the rest.” of the world, âaccording to the report. To achieve Sm-All Star status, companies had to have a market capitalization of less than $ 2.5 billion and had to outperform industry medians in the following metrics: earnings per share (EPS) growth, loan growth , deposit growth and return on average equity (ROAE). Meridian ranked third on the Sm-All Stars list in terms of EPS growth at 155%, compared to the national median of 27.7%. Meridian ranked second on the list in terms of average return on equity at 27.2%, compared to the national median of 11%.
âOur inclusion on this distinguished list for the second year in a row is a great honor. In this unprecedented operating environment, our team has proven its commitment to our customers and our community by providing essential banking services, âsaid Chris Annas, CEO of Meridian Bank. âI am very proud of our people and our high performance culture as we build the best bank in our region.
About Meridian Corporation
Meridian Bank, the wholly owned subsidiary of Meridian Corporation, is an innovative community bank serving Pennsylvania, New Jersey, Delaware and Maryland with more than 20 offices and a full range of financial products and services. Meridian specializes in commercial and industrial loans, commercial and commercial real estate loans, electronic payments and wealth management solutions through Meridian Wealth Partners. Meridian also offers a broad menu of high yield deposit products backed by robust online and mobile access. Learn more at www.meridianbanker.com. Equal housing lender. FDIC member. Not all figures are audited.