Meridian Bank Again Earns ‘Sm-All Star’ Status as Top-Performing Bank
For the second year in a row, Meridian Bank has earned a spot on Piper Sandler’s “Sm-All Stars,” a list of top-performing U.S. small-cap banks.
Piper Sandler, a 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 outperform industry medians in the following metrics:
- earnings per share (EPS) growth
- loan growth
- deposit growth
- return on average equity (ROAE)
Meridian ranked third among “Sm-All Stars” in EPS growth at 155 percent, compared to the national median of 27.7 percent. It ranked second in ROAE at 27.2 percent, compared to the national median of 11 percent.
“Our inclusion on this distinguished list for a second year in a row is a great honor,” said Chris Annas, CEO of Meridian Bank. “In this unprecedented operating environment, our team proved its commitment to our customers and community in delivering essential banking services. I’m very proud of our people and our high-performance culture, as we build the best bank in our region.”
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