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Meridian (Meridian) Scaled Net Operating Assets : 0.08 (As of Mar. 2024)


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What is Meridian Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Meridian's operating assets for the quarter that ended in Mar. 2024 was $2,118.9 Mil. Meridian's operating liabilities for the quarter that ended in Mar. 2024 was $1,937.3 Mil. Meridian's Total Assets for the quarter that ended in Dec. 2023 was $2,246.2 Mil. Therefore, Meridian's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.08.

Meridian Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Meridian's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(2189.496-2038.335)/2062.228
=0.07

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2246.193 - 56.697
=2189.496

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2088.171 - 49.836 - 0
=2038.335

Meridian's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(2118.9-1937.317)/2246.193
=0.08

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2292.923 - 174.023
=2118.9

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2132.987 - 195.67 - 0
=1937.317

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Meridian Scaled Net Operating Assets Related Terms

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Meridian (Meridian) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Meridian Corp (NAS:MRBK) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
9 Old Lincoln Highway, Malvern, PA, USA, 19335
Website
https://www.meridianbanker.com
Meridian Corp is a full-service, state-chartered commercial bank providing personal, business lending, and deposit services. It operates in three business segments including Bank, Wealth, and Mortgage. The Bank segment consists of commercial and retail banking. The mortgage division consists of a mortgage consultant's guide. Its mortgage portfolio includes commercial mortgage, home equity, residential mortgage, construction, commercial, industrial, and consumer loans. It generates maximum revenue from the Bank segment.
Executives
Denise Lindsay director, officer: Exec Vice President and CFO 9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Anthony Mark Imbesi director 9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Christopher J. Annas director, officer: Chairman & CEO 9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Robert M. Casciato director 9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Robert T. Holland director 9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Edward J. Hollin director 9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Christine Marie Helmig director 575 WELLINGTON SQUARE, UNIT 205, EXTON PA 19341
Collier George C. Iii director 9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Charles D. Kochka officer: Chief Lending Officer 9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Kenneth H. Slack director 9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Joseph L. Cafarchio officer: Chief Credit Officer 9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Randall J Mcgarry officer: Chief Information Officer 4390 DAVISVILLE ROAD, HATBORO PA 19040