MBBC
Marathon Bancorp, Inc.11.98
+0.37+3.19%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
35.21MP/E (TTM)
92.15Basic EPS (TTM)
0.13Dividend Yield
0%Recent Filings
8-K
10-Q
Q1 FY2026 results
Marathon Bancorp's Q1 FY2026 results showed net interest income climbing 37.5% year-over-year to $1.95M, fueled by loan growth and higher yields, while net income more than doubled to $444K or $0.17 per diluted share. Loans expanded 2.7% quarter-over-quarter to $208M, with multi-family and one-to-four-family residential up notably, though nonaccrual loans ticked higher to $190K. Deposits rose 3.7% to $182M, bolstering liquidity alongside $15M in FHLB advances and $15.5M in cash equivalents. Free cash flow turned negative at -$5.4M (derived) from loan originations outpacing inflows. The April 2025 conversion added $16.9M in proceeds, yet non-GAAP metrics remain undisclosed in the 10-Q. Solid capital ratios persist. Still, lingering foreclosed assets signal ongoing real estate risks.
10-Q
Q3 FY2025 results
Marathon Bancorp swung to a $148K net profit in Q3 FY2025 ended March 31, 2025, up from a $631K loss last year, thanks to $991K lower non-interest expenses—mainly skipping a $937K foreclosed asset writedown. Net interest income edged up 4.1% to $1.5M on a 25bps wider spread to 2.64%, while loans grew 2.8% y/y to $190M despite stable credit with no non-accruals. Deposits climbed 7.5% to $186M, cash swelled to $24M, and FHLB debt hit $15M; free cash flow not disclosed in the 10-Q. The conversion to full stock holding company closed April 21, 2025, raising $16.9M gross. Yet competition for deposits keeps pressure on margins.
8-K
Conversion to stock form completed
Marathon Bancorp completed its mutual-to-stock conversion and related offering on April 21, 2025, issuing 1,693,411 shares and resulting in 2,942,064 outstanding shares post-minority exchange. The stock begins trading on Nasdaq Capital Market under 'MBBC' on April 22, 2025. This shift enhances capital access for the holding company of Marathon Bank. Forward-looking statements highlight risks from economic conditions and regulations.
8-K
Conversion closing imminent
Marathon Bancorp announced that its conversion from mutual to stock form, including the MHC's shift, will close on April 21, 2025, after securing all regulatory approvals. The company plans to sell 1,693,411 shares at $10.00 each, raising about $16.9 million, with trading starting on Nasdaq under 'MBBC' the next day. Public shareholders get a 1.3728-to-one exchange ratio. Yet risks like regulatory changes loom.
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