MFBI
Monroe Federal Bancorp, Inc.10.73
-0.08-0.76%
Dec 16, 4:00:00 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
5.65MP/E (TTM)
-Basic EPS (TTM)
-Dividend Yield
0%Recent Filings
10-Q
Q2 FY2026 results
Monroe Federal Bancorp posted a net loss of $93,503 for Q2 FY2026 ended September 30, 2025, wider than the $85,918 loss a year earlier, yet net interest income climbed 9.7% y/y to $926,061 on higher loan yields amid rising rates. Loans grew 2.6% q/q to $110.7M, fueled by residential mortgages and commercial lines, while deposits edged up 1.5% q/q to $122.5M, supporting liquidity with $2.7M in cash equivalents and $25.4M available from FHLB lines. Noninterest expenses rose 12.0% y/y, driven by audit costs from the recent stock conversion, but unrealized losses on securities narrowed 12.5% q/q, bolstering equity to $12.4M. The ESOP release added modest dilution to EPS at $(0.19). Still, classified loans jumped to $2.2M, signaling pockets of credit stress in a competitive Ohio market.
10-Q
Q1 FY2026 results
Monroe Federal Bancorp posted a net loss of $135K for Q1 FY2026 ended June 30, 2025, widening 17% y/y from $116K amid a 7.6% drop in net interest income to $907K, driven by higher borrowing costs that outpaced modest loan yield gains. Loans grew 1.2% q/q to $108.3M, fueled by residential and commercial originations, while deposits surged 3.7% to $125.2M on core account inflows; FHLB advances fell 35% to $6.5M, bolstering liquidity with $2.2M in cash. Provision for credit losses rose 150% y/y to $80K as nonaccruals ticked up to $650K, yet the allowance covers 0.85% of loans. Losses stem from elevated noninterest expenses like salaries. Cash flow turned negative from operations. Balance sheet holds steady at $145.5M. Competition from larger banks pressures margins.
10-K
FY2025 results
Monroe Federal Bancorp's FY2025 results showed total assets dipping 7.1% to $144.3 million amid a deliberate slowdown in loan marketing, with net loans edging down 0.8% to $107.0 million as residential mortgages held steady at $69.9 million while construction and consumer loans fell 18.7% and 28.1%, respectively. Q4 momentum faltered with net loss of $327,000 versus $60,000 profit in FY2024, driven by a 6.6% rise in noninterest expenses to $4.5 million from audit costs and ESOP implementation, though net interest income slipped just 1.2% to $3.7 million on a 2.42% spread. Core deposits shrank 12.8% to $86.9 million due to a major client's outflow, prompting FHLB advances to surge 232% to $10.0 million for liquidity. No dividends or buybacks occurred; capex stayed modest at $47,000. Yet cybersecurity threats loom large, risking operational disruptions in this small bank's tech-reliant world. Solid asset quality endures.
10-Q
Q3 FY2025 results
Monroe Federal Bancorp posted a Q3 FY2025 net loss of $120K, wider than the $44K loss a year earlier, as a $61K provision for credit losses—up from a $32K recovery—offset a 5.1% rise in net interest income to $933K, driven by higher loan yields amid elevated rates. Loans held steady at $108M, with residential up 2% y/y yet nonperformers emerging at $704K, prompting the allowance bump to 0.84% (derived). Deposits fell 8.4% y/y to $130M on runoff in time accounts, while the October stock conversion injected $3.9M net, bolstering equity to $11.8M and cash at $2.5M; FHLB advances dropped to $1M with $44M availability. Noninterest expenses ticked up 1.7% on public company costs. New branch openings fuel growth, but competition squeezes loan pricing.
10-Q
Q2 FY2025 results
Monroe Federal Savings and Loan Association posted a net loss of $86K for Q2 FY2025 ended September 30, 2024, down from $30K income y/y, as net interest income fell 8.3% to $844K amid a 34bps rise in deposit costs to 1.58% that outpaced a 30bps loan yield bump to 4.79%. Loans grew modestly 0.7% q/q to $108.6M, driven by $1.3M in residential and $0.9M in construction, yet deposits plunged 12.5% q/q to $124.4M, prompting FHLB advances to climb 231% to $9.9M; cash drained to $2.0M while equity edged up 6.1% to $9.1M on $721K comprehensive gains. Noninterest expenses rose 7.2% y/y to $1.1M, fueled by staffing for a new branch. Allowance for credit losses held at 0.80% of loans. Still, nonperformers eased to $237K. Competition squeezes margins in western Ohio.
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