3 unchanged sentences
Certain shares are held in “nominee” or “street” name and accordingly, the number of beneficial owners of such shares is not known or included in the foregoing number.
+Added: On February 20, 2025 the Corporation entered into an Equity Distribution Agreement (or Sales Agreement) relating to shares of our common stock.
+Added: During 2025 the Corporation sold a total of 488,478 shares of common stock and raised approximately $7.5 million in net proceeds.
+Added: We expect to use the net proceeds for general corporate purposes, which includes working capital and the funding of organic growth at Meridian Bank, as described in our prospectus filed with the SEC on February 20, 2025 pursuant to Rule 424(b)(5) under the Securities Act.
Share Repurchases
−Removed: On August 30, 2021, the Corporation announced a stock repurchase plan which allowed the Corporation to repurchase up to $20 million of the company’s outstanding common stock, par value $1.00 per share.
−Removed: Stock was purchased under the plan from time to time in the open market or through privately negotiated transactions, or otherwise, at the discretion of management of the company in accordance with legal requirements.
−Removed: On April 22, 2023, the stock repurchase plan expired.
−Removed: The total amount of stock repurchased under the plan was $19.6 million in total.
−Removed: We did not repurchase any shares of the Corporation during 2024.
+Added: The Corporation had a stock repurchase plan that expired in 2023.
+Added: The total amount of stock repurchased under the plan was $19.6 million.
+Added: The Corporation has not repurchased any shares since the plan expired.
Dividend Policy
6 unchanged sentences
January 26, 2024 February 12, 2024 February 20, 2024 $0.125
−Removed: April 27, 2023 May 15, 2023 May 22, 2023 0.125
+Added: 2024 May 13, 2024 May 20, 2024 0.125
July 25, 2024 August 12, 2024 August 19, 2024 0.125
1 unchanged sentence
January 23, 2025 February 10, 2025 February 18, 2025 0.125
−Removed: 2024 May 13, 2024 May 20, 2024 0.125
+Added: April 24, 2025 May 12, 2025 May 19, 2025 0.125
July 24, 2025 August 11, 2025 August 18, 2025 0.125
October 23, 2025 November 10, 2025 November 17, 2025 0.125
+Added: On January 29, 2026, the Board of Directors declared a quarterly cash dividend of $0.14 per common share, payable February 17, 2026 to shareholders of record as of February 9, 2026.
+Added: This is an increase of $0.015 or 12%, compared to the quarterly cash dividend of $0.125 per common share declared in the prior quarter.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.