Marathon Bancorp, Inc. /MD/ MBBC
BUSINESS OF MARATHON BANCORP, INC.
Marathon Bancorp, Inc. (the "Company" or "Marathon Bancorp"), a Maryland corporation, was formed in December 2020 to serve as the mid-tier holding company for Marathon Bank (the "Bank") upon the completion of the Bank's mutual holding company reorganization and offering.
On April 14, 2021, the Bank completed its reorganization into the mutual holding company structure and the related stock offering of the Company, the Bank's new holding company. As a result of the reorganization, the Bank became a wholly-owned subsidiary of the Company, the Company issued and sold 45.0% of its outstanding shares of common stock in its stock offering to the public, and the Company issued 55.0% of its outstanding shares of common stock to Marathon MHC ("Mutual Holding Company"), which was the Company's mutual holding company.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $9.6M | $9.4M | $9.0M | $7.2M | $6.5M | $5.9M | — |
| Interest expense | $6.0M | $5.8M | $6.7M | $947.8K | $1.1M | $1.4M | — |
| Pre-tax income | $10.9K | -$246.1K | $2.1M | $1.8M | $1.9M | $505.5K | — |
| Income tax | $31.6K | $59.1K | $444.7K | $437.4K | $477.7K | $87.6K | — |
| Net income | $42.4K | -$187.0K | $1.7M | $1.3M | $1.4M | $417.9K | — |
| EPS, basic | 0.02 | -0.07 | 0.79 | 0.62 | 0.64 | — | — |
| EPS, diluted | 0.02 | -0.07 | 0.79 | 0.62 | 0.64 | — | — |
| Shares, diluted (wtd. avg.) | 2.8M | 2.8M | 2.1M | 2.1M | 2.1M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $14.4M | $10.5M | $11.8M | $8.4M | $46.0M | $24.3M | $2.6M |
| Property, plant and equipment | $3.9M | $4.1M | $2.1M | $1.7M | $1.8M | $2.0M | — |
| Total assets | $238.8M | $219.3M | $238.8M | $220.5M | $207.1M | $170.7M | — |
| Short-term debt | — | — | — | — | $10.4M | $6.4M | — |
| Total liabilities | $193.1M | $188.0M | $207.5M | $189.3M | $183.8M | $149.9M | — |
| Retained earnings | $25.6M | $25.5M | $25.6M | $23.9M | $23.0M | $20.7M | — |
| Total equity | $45.7M | $31.3M | $31.3M | $31.2M | $30.3M | $20.8M | $20.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.4M | $416.6K | $2.0M | $825.5K | $1.0M | $1.1M | — |
| Depreciation and amortisation | $295.0K | $244.9K | $205.0K | $208.0K | $207.4K | $175.3K | — |
| Stock-based compensation | $156.7K | $159.1K | $130.6K | — | — | — | — |
| Capital expenditure | $179.0K | $2.3M | $65.4K | $34.1K | $88.5K | $292.3K | — |
| Investing cash flow | -$15.6M | $17.7M | -$14.4M | -$44.2M | -$20.8M | $3.5M | — |
| Financing cash flow | $18.0M | -$19.4M | $15.8M | $5.8M | $41.6M | $17.1M | — |
| Buybacks | $82.2K | $156.2K | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-25-093884.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $5.9M | $6.5M | $7.2M | $9.0M | $9.4M | $9.6M |
| Gross profit | — | — | — | — | — | — | — |
| Net income | — | $417.9K | $1.4M | $1.3M | $1.7M | -$187.0K | $42.4K |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Shareholder vote Item 5.07
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Other event Item 8.01
- Other event Item 8.01
- Shareholder vote Item 5.07
- Other event Item 8.01
- Other event Item 8.01
- Other event Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6036
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| SMBC | SOUTHERN MISSOURI BANCORP, INC. | $792.0M | 13.9x | 11.7% |
| TCBX | Third Coast Bancshares, Inc. | $662.9M | 10.5x | — |
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| HBCP | HOME BANCORP, INC. | $483.6M | 10.5x | 4.9% |