Meridian Corporation
Meridian Corporation (NASDAQ: MRBK) is trading at $19.10, about ₹1,835 at today's USD/INR rate, as of 30 Sep 2026, 9:43 AM ET, up 0.84% today. Indian residents can buy Meridian from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$18.96
Today's high
$19.28
52 week low
$13.81
52 week high
$21.67
MRBK opened at $18.99, closed previously at $18.94, and has traded between $13.81 and $21.67 over the past 52 weeks.
About
Meridian Corporation functions as the parent company for Meridian Bank, which provides a comprehensive range of commercial banking products and services throughout Pennsylvania, New Jersey, Delaware, and Maryland. The bank's deposit offerings include various account types such as non-interest-bearing and interest-bearing demand accounts, savings accounts, money market accounts, and certificates of deposit. It extends commercial and industrial financing solutions, encompassing business lines of credit, term loans, small business lending, lease financing, and participation in shared national credit facilities. Additionally, Meridian Bank funds commercial real estate endeavors, as well as land development and construction projects for both residential and commercial properties. Other services include consumer and home equity lending, private banking, merchant services, and title and land settlement assistance. The company is also engaged in originating and servicing mortgage loans for 1-4 family residences. Its expanded service portfolio features real estate holding, investment advisory, and equipment leasing options. With its corporate headquarters located in Malvern, Pennsylvania, the institution operates through a network comprising six full-service branches and nineteen other satellite offices. Meridian Corporation was founded in 2004.
Key statistics
Avg. volume
109.64K
Market cap
$227.10M
P/E Ratio
9.10
Price-to-sales ratio
1.11
Enterprise value
$330.52M
Free cash flow yield
11.33%
Debt-to-equity ratio
0.77
Return on equity
10.93%
ROIC
5.50%
Beta
0.63
Dividend yield
2.85%
Last dividend
$0.55
Financial overview
Revenue
$205.49M
Earnings per share
$1.93
Free cash flow
$22.57M
Net profit margin
11.89%
Gross margin
59.11%
EBITDA
$28.40M
Revenue growth
4.12%
Similar securities
This is not an investment recommendation
How to buy Meridian from India
Indian residents can buy Meridian shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for Meridian and place an order
Find Meridian by name or by its ticker, MRBK, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Meridian trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Meridian position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Meridian from India
Trading and taxes when buying Meridian from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Meridian’s current yield is 2.85%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Meridian stock?
Yes. Meridian (MRBK) has been listed on NASDAQ since 2017, in the Banks - Regional industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Meridian share cost in rupees?
One Meridian share is $19.10 — about ₹1,835 at a USD/INR rate of 96.06 on 29 Sep 2026. Both the Meridian price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Meridian from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of Meridian?
Yes. One Meridian share is $19.10, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Meridian.
How are gains on Meridian shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Meridian price. Paasa issues a capital-gains statement for your return.
Does Meridian pay a dividend, and how is it taxed in India?
Yes. Meridian pays a dividend and the current yield is 2.85%; the last declared dividend was $0.55 per share, about ₹52.35. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Meridian from India?
NASDAQ trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Meridian shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare Meridian shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Meridian holding, its cost and its closing value.
How do I sell Meridian and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.