MSBB
Mercer Bancorp, Inc.15.75
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
16.15MP/E (TTM)
16.76Basic EPS (TTM)
0.94Dividend Yield
0%Recent Filings
8-K
Annual meeting approves directors, auditors
Mercer Bancorp held its annual stockholder meeting on February 17, 2026, electing David L. Keiser and Barry Parmiter as directors for three-year terms—Keiser with 551,637 for votes, Parmiter 576,851. Stockholders unanimously ratified Clark, Schaefer, Hackett & Co. as auditors for the fiscal year ending September 30, 2026, with zero against and 10,700 abstentions amid 121,817 broker non-votes. Governance stays steady.
10-Q
Q1 FY2026 results
Mercer Bancorp posted net income of $171K for Q1 FY2026 ended December 31, 2025, down 38% y/y from $276K yet lifted by net interest income up 9.7% y/y to $1.75M (derived), with margin edging to 4.12% amid Fed rate cuts. Loans held steady at $143M while deposits grew 2% q/q to $147M; FHLB advances plunged 83% q/q to $1M, bolstering liquidity with $4.7M cash. Noninterest expenses climbed 18.5% y/y on staffing and new branches, trimming profits. Allowance covers nonperformers 138%. Loans stay pristine. Solid capital reigns. Competition shadows local deposits.
10-K
FY2025 results
Mercer Bancorp closed FY2025 ended September 30, 2025 with total assets of $176.2M, down 3.1% y/y, as net loans dipped 1.9% to $142.3M amid $27.5M originations outpaced by repayments; residential real estate grew 7.5% to $78.8M while agricultural real estate fell 13.5% to $46.3M. Net income jumped 40.4% to $972K, fueled by net interest income up 19.0% to $6.8M with margin expanding to 4.01% from 3.49%, yet nonperformers climbed to 0.94% of loans from 0.26%. Deposits rose 7.0% to $144.0M, core steady at 65.1%, funding FHLB payoff to $6.0M; repurchased 27K shares for $386K. Q4 momentum showed nonperformers tripling y/y, but allowance held at 0.67%. Interest rate shifts threaten margins.
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.
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