MSBB
Mercer Bancorp, Inc.15.75
+0.00+0%
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
16.15MP/E (TTM)
16.76Basic EPS (TTM)
0.94Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Mercer Bancorp posted solid Q3 FY2025 results, with net income jumping 131% year-over-year to $334K on stronger net interest income. Loans drove the momentum, yielding 5.82% on average balances up 5% from last year, while the net interest margin widened to 4.16% from 3.51%—yet deposit costs ticked down slightly. Noninterest income dipped on fewer loan fees and deposit services after a core processor switch, but expenses held steady despite higher salaries. Cash equivalents sit at $3.8M with $11M in FHLB advances (down 50% q/q), bolstering liquidity. Balance sheet shrank 2.7% to $177M, mainly from loan repayments. Non-GAAP metrics not disclosed in the 10-Q. Rising delinquencies in residential and ag loans pose a watch point.
8-K
Auditor switch post-weaknesses
Mercer Bancorp dismissed S.R. Snodgrass as its auditor on June 17, 2025, after clean reports for fiscal years 2023 and 2024, but amid two material weaknesses in internal controls over credit loss allowances and accrued expenses. Management remediated these issues, deeming controls effective by March 31, 2025, and promptly engaged Clark, Schaefer, Hackett & Co. as the new auditor. No disagreements arose with Snodgrass. Controls failed before; now they're fixed.
10-Q
Q2 FY2025 results
Mercer Bancorp's net interest income climbed 17.6% year-over-year to $3.2M for the six months ended March 31, 2025, fueled by 23.3% loan growth to an average $156.2M, though the net interest margin dipped to 3.74% from 3.78% amid Fed rate cuts. Noninterest expenses jumped 16% to $3.1M, driven by a $223K core processing conversion and stock plan setup, yet net income edged up 3% to $312K, or $0.33 diluted EPS—aligning with 947K weighted shares. Cash equivalents rose 13.8% to $6.7M, deposits grew 3.1% to $138.8M, and FHLB advances fell 22.7% to $17M; free cash flow stood at $20K (derived from $103K operating cash minus $83K capex). The new Indiana branch nears completion. Delinquencies linger post-conversion.
8-K
Annual meeting approvals
Mercer Bancorp held its annual stockholder meeting on February 25, 2025, electing Michael J. Boley and Kristin M. Fee as directors for three-year terms amid strong support, with over 535,000 votes for each. Stockholders approved the 2025 Equity Incentive Plan by a wide margin of 536,337 for versus 30,886 against. The appointment of S.R. Snodgrass, P.C. as independent auditors for the fiscal year ending September 30, 2025, passed overwhelmingly with 670,591 votes in favor. All proposals sailed through.
10-Q
Q1 FY2025 results
Mercer Bancorp posted solid Q1 FY2025 results, with net interest income climbing 15.3% year-over-year to $1.6M, fueled by a 26.5% jump in loan interest to $2.2M amid higher yields (6.11% vs. 5.40%) and an 11.8% rise in average loan balances to $142M. Net income rose 59.2% to $276K, or $0.29 per diluted share (up from $0.18), while the net interest margin expanded to 4.01% from 3.74%, though deposit costs ticked up 38 basis points to 1.56%. Loans grew modestly 0.5% quarter-over-quarter to $146.8M, led by agricultural real estate up 4.5%, but nonperforming loans edged higher to $0.7M. Cash dipped 17.2% to $4.9M, yet $22M in FHLB advances provide steady funding. Non-GAAP metrics not disclosed in the 10-Q. Competition from larger banks pressures deposit growth in western Ohio.
IPO
Website
Employees
Sector
Industry
CSBB
CSB Bancorp, Inc.
54.00+2.50
EWSB
EWSB Bancorp, Inc.
9.42+0.00
MBBC
Marathon Bancorp, Inc.
11.98+0.37
MFBI
Monroe Federal Bancorp, Inc.
10.73-0.08
MPB
Mid Penn Bancorp
32.21-0.13
MRBK
Meridian Corporation
17.60+0.24
MSBI
Midland States Bancorp, Inc.
21.69+0.32
MSVB
Mid-Southern Bancorp, Inc.
17.69+0.19
VWFB
VWF Bancorp, Inc.
11.90+0.00
WSBK
Winchester Bancorp, Inc.
9.96+0.01