MBBC earnings analysis
What we found in MBBC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Marathon Bancorp exhibited robust financial performance in Q3 2026, highlighted by a dramatic 228.7% increase in net income to $488,000 compared to $148,000 in Q3 2025. Strong revenue streams came from net interest income growth driven by a 31% rise in loan interest income, alongside improved margins. The balance sheet also showed a solid increase in total assets and loans, indicating effective lending strategies and management confidence.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Net Income Surge
- Net income rose to $488,000, up 228.7% from $148,000 YoY.
- Strong Loan Growth
- Gross loans increased by $10.9 million, or 5.4%, to $213.5 million since June 30, 2025.
- Increasing Gross Margin
- Gross margin increased to 71.6%, improving from 69.9% in the prior quarter.
- Robust Earnings Performance
- EPS rose to $0.19 from $0.17 in the previous quarter, reflecting strong financial health.
- Improved Interest Income
- Interest income increased by 27.2% to $3 million, driven by loans.
- Cash Flow Improvement
- Operating cash flow was $2 million for the nine months, up from $1.9 million YoY.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decrease in Cash Reserves
- Cash and cash equivalents dropped by $759,000, or 5.3%, to $13.6 million.
- Increased Debt Obligations
- Federal Home Loan Bank advances rose to $24 million, increasing leverage.
- Rising Provision for Credit Losses
- Provision for credit losses recorded at $5,000 versus a recovery of $42,000 a year ago.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.19
- Gross margin
- 71.6%
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads better than the one before it.
What came before.
- 10-Q · February 11, 2026
- Marathon Bancorp reported a materially stronger quarter: net income of $501,396 and diluted EPS of $0.19 for the three months ended December 31, 2025, versus $51,127 and $0.02 in the prior-year quarter. Core net…
- 10-Q · November 12, 2025
- Marathon Bancorp reported a profitable quarter with net income of $444,293 and diluted EPS of $0.17 (three months ended September 30, 2025), up from $174,907 and $0.06 in the prior-year quarter. Core net interest income…
- 10-K · September 26, 2025
- Marathon Bancorp completed its conversion to a stock holding company on April 21, 2025, raising $16.9 million of gross proceeds (offering expenses $1.7 million) and issuing 1,693,411 shares at $10.00 per share. At June…
- 10-Q · May 14, 2025
- Marathon Bancorp reported a profitable quarter with net income of $148,403 and diluted EPS of $0.07 (three months ended March 31, 2025) versus a net loss of $(631,127) and EPS of $(0.31) in the prior-year quarter. Core…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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