MGNO
Magnolia Bancorp, Inc.11.36
-0.01-0.09%
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
-P/E (TTM)
-Basic EPS (TTM)
-Dividend Yield
0%Recent Filings
8-K
10-Q
Q3 FY2025 results
Magnolia Bancorp posted a Q3 net loss of $48,000, up from $36,000 last year, as noninterest expenses climbed 27% to $400,000 on public company costs like audit fees and legal, while net interest income rose 27% to $331,000 from lower deposit rates and conversion liquidity. Loans grew modestly 2.1% YTD to $31.3M, with originations up 304% q/q amid easing rates, but deposits fell 48% to $15.2M post-conversion. Cash dipped to $2.9M, yet equity swelled 44% to $20.0M after $6.9M net proceeds; no debt, with $13M FHLB line available. Conversion closed January 2025 for $6.9M net (stock issuance), recognizing no goodwill. Controls lag with material weaknesses in risk assessment. Delinquencies pose a quiet risk.
8-K
CFO transition and shareholder approvals
Magnolia Bancorp replaced its part-time CFO Anita Cambre with full-time executive Donice Wagner, effective September 18, 2025, after Cambre's voluntary resignation from operational roles while staying on as a director. Wagner, a CPA with prior CFO experience at Liberty Bank, joined in June to strengthen financial controls. Shareholders at the annual meeting that day elected directors, approved stock plans, ratified auditors, and endorsed triennial pay votes. Smooth transition bolsters oversight.
10-Q
Q2 FY2025 results
Magnolia Bancorp posted a Q2 net loss of $36,000, up from $6,000 last year, as noninterest expenses jumped 34.5% to $386,000 from audit fees and public company costs, outpacing a 23.2% net interest income rise to $334,000 on lower funding costs. Year-to-date, the net loss widened to $66,000 from $24,000, with net interest income up 22.5% to $663,000, while expenses climbed 29.6% to $762,000. Loans grew modestly 1.1% to $30.9M, but deposits fell 44.4% to $16.4M post-conversion, leaving cash at $4.2M with no debt. The ESOP loan finances 66,700 shares over 30 years. Solid asset quality persists. Yet competition for deposits in New Orleans lingers.
8-K
Bylaws amended for e-proxies
Magnolia Bancorp amended its bylaws on July 24, 2025, to explicitly allow shareholders to submit proxies via electronic transmission, ensuring verifiable authorization. The board also scheduled the 2025 annual meeting for September 18, 2025, with record date July 28, 2025. This streamlines voting access. No financial impacts disclosed.
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