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MRBK / Meridian Named Top Performing Bank

Meridian Named Top Performing Bank
MALVERN, Pa., Oct. 05, 2021 (GLOBE NEWSWIRE) -- For the second year in a row Meridian Bank has earned a spot on Piper Sandler's “Sm-All Stars,” its list of top performing U.S. small-cap banks. Piper Sandler, a leading middle-market investment bank and institutional securities firm, publishes this list annually in order to “uncover the next crop of stellar mid-cap banks before they are discovered by the rest of the world,” according to the report. To earn Sm-All Star status, companies needed to have a market cap below $2.5 billion and needed to out-perform 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 EPS growth at 155%, compared to the national median of 27.7%. Meridian ranked second on the list in return on average equity at 27.2%, compared to the national median of 11%. Read More
Posted: Oct 5 2021, 17:01
Author Name: GlobeNewsWire
Views: 110270

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