MSVB
Mid-Southern Bancorp, Inc.17.69
+0.19+1.09%
Nov 14, 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
51.04MP/E (TTM)
27.22Basic EPS (TTM)
0.65Dividend Yield
0.01%Recent Filings
10-Q
Q2 FY2023 results
Mid-Southern Bancorp posted Q2 net income of $400K, down 24% y/y yet stable q/q, with diluted EPS steady at $0.14 on 2.7M shares. Net interest income slipped 3% y/y to $1.9M amid 297% higher interest expense, offset by 21% interest income growth from loans; provision recaptured $16K. Loans grew 2% to $150M, deposits dipped 1.5% to $203M, cash held at $5.9M while swapping FHLB for $28.2M Federal Reserve BTFP debt at 4.37-5.09%. Non-GAAP metrics not disclosed in the 10-Q. Plans Nasdaq delisting. Nonaccruals ticked to 0.6%. Solid capital, but rates pinch margins.
8-K
Voluntary Nasdaq delisting announced
Mid-Southern Bancorp notified Nasdaq on August 2, 2023, of its plan to voluntarily delist its common stock via Form 25 on August 14, with trading ending that day and shifting to OTCQX on August 15. It will file Form 15 around August 24 to deregister with the SEC, suspending periodic reports immediately. Directors cited high compliance costs outweighing benefits. Investors get annual reports; Bank Call Reports persist.
8-K
Q2 earnings dip on margin pressure
Mid-Southern Bancorp reported Q2 net income of $400,000 ($0.14/share), down from $526,000 ($0.19/share) last year as net interest margin slipped to 3.03% (tax-equivalent) from 3.20%. Interest expense tripled while income rose 20.9%, squeezing spreads; noninterest expenses climbed 5%. Non-performers ticked to 0.6% of loans. Bank stays rock-solid at 15.6% CBLR.
8-K
Stockholders approve banker hire
Mid-Southern Bancorp stockholders elected Alexander G. Babey, Larry R. Bailey, and Dana J. Dunbar as directors for three-year terms at the May 24, 2023 annual meeting, with quorum from 2,409,454 of 2,885,039 shares. They ratified FORVIS, LLP as auditors for 2023. Stockholders approved a proposal to hire an investment banking firm, beating opposition 1,184,196 to 920,542. Signals strategic review.
10-Q
Q1 FY2023 results
Mid-Southern Bancorp posted net income of $340k for Q1 ended March 31, 2023, down from $467k y/y, with diluted EPS steady at $0.13 on 2.7M shares (anti-dilutive options excluded). Net interest income climbed 7.3% y/y to $1.86M on 31.9% higher interest income to $2.48M, yet interest expense quadrupled to $623k on pricier borrowings; provision hit $52k post-ASC 326 adoption. Loans grew to $149.7M (commercial real estate up 11.9% q/q), deposits dipped slightly to $205.6M, cash at $4.5M with $25M BTFP advance (4.37%, 1-year). Equity strengthened to $34.9M. Nonaccruals ticked up to 0.7% of loans.
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