Meridian Bank has earned a spot on Piper Sandler’s annual list of top-performing U.S. small-cap banks and thrifts, also known as the “Sm-All Stars.”
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.”
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 second on the Sm-All Stars List in EPS growth at 66 percent, compared to the national median of -8.6 percent. Meridian also ranked second on the list in loan growth with 42.7 percent, compared to the national median of 14 percent.
“Our inclusion on this distinguished list is a reflection of the effort and commitment of the entire Meridian team,” said Chris Annas, CEO of Meridian Bank. “I’m proud of our people and the high-performance culture we’ve cultivated and look forward to building this franchise together.”
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