Executive Summary
Marathon Bancorp (MBBC) posted a positive start to QQ1 2025 with revenue of $2.505 million, up 39.8% year over year, and net income of $0.175 million (EPS $0.0859). The quarter delivered a solid gross margin of 70.58% and an operating margin of 8.60%, supported by an EBITDA of $0.286 million. Net income rose more than 2x YoY driven by improved operating leverage and a favourable tax line (effective tax rate of ~18.8%). QoQ results were also constructive, with operating income up 275.4% and net income up 103.8%, reflecting improved productivity and disciplined cost management within a relatively small operating footprint.
Key Performance Indicators
QoQ: 103.77% | YoY:102.92%
QoQ: 114.21% | YoY:103.55%
Key Insights
Revenue: $2,505,431; YoY +39.85%; QoQ +1.19%
Gross Profit: $1,768,328; Gross Margin 70.58%; YoY -1.30%; QoQ +15.28%
Operating Income: $215,506; Operating Margin 8.60%; YoY N/A; QoQ +275.43%
Net Income: $174,907; Net Margin 6.98%; YoY +102.92%; QoQ +103.77%
EPS: $0.0859; YoY +103.55%; QoQ +114.21%
EBITDA: $285,624; EBITDA Margin 11.40%
Cash Flow: CFO $945,240; Free Cash Flow $921,575; Net Change in Cash $4,549,596; End Cash $15,022,034
Balance Sheet: Total Assets $216.45M; Total Liabilities $184....
Financial Highlights
Revenue: $2,505,431; YoY +39.85%; QoQ +1.19%
Gross Profit: $1,768,328; Gross Margin 70.58%; YoY -1.30%; QoQ +15.28%
Operating Income: $215,506; Operating Margin 8.60%; YoY N/A; QoQ +275.43%
Net Income: $174,907; Net Margin 6.98%; YoY +102.92%; QoQ +103.77%
EPS: $0.0859; YoY +103.55%; QoQ +114.21%
EBITDA: $285,624; EBITDA Margin 11.40%
Cash Flow: CFO $945,240; Free Cash Flow $921,575; Net Change in Cash $4,549,596; End Cash $15,022,034
Balance Sheet: Total Assets $216.45M; Total Liabilities $184.86M; Total Equity $31.59M; Cash & Equivalents $2.28M; Short/Long-term Investments $186.94M (cash+investments â $8.88M cash & $183.26M investments); Long-term Debt $10.00M; Net Debt $7.72M
Liquidity & Efficiency: Current Ratio 52.80; Debt Ratio 0.0462; Debt/Equity 0.317; Price to Book 0.423; Price to Sales 5.33; Dividend Yield 0%
Notes: Four-quarter data and ratio figures reflect the latest available quarterly filing embedded in the provided data; management commentary from the earnings call is not included in the supplied transcript.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
2.51M |
39.85% |
1.19% |
| Gross Profit |
1.77M |
-1.30% |
15.28% |
| Operating Income |
215.51K |
N/A |
275.43% |
| Net Income |
174.91K |
102.92% |
103.77% |
| EPS |
0.09 |
103.55% |
114.21% |
Key Financial Ratios
operatingProfitMargin
8.6%
operatingCashFlowPerShare
$464.46
freeCashFlowPerShare
$452.83
Management Commentary
No earnings-call transcript provided; unable to extract management quotes or themes from the call. If a transcript becomes available, we will extract quotes by themes (strategy, operations, market conditions) and annotate their significance.
Forward Guidance
There is no formal forward guidance published in the provided materials. Inference based on the QQ1 2025 results and the regionally focused business suggests a baseline of modest organic growth in loan demand within Marathon County, with a continued emphasis on fee income and balance-sheet resilience. Key factors to monitor include: (1) net interest margin stability in a fluctuating rate environment, (2) loan growth beyond CRE and C&I within the Wisconsin footprint, (3) credit quality and reserve adequacy in an economy-sensitive sector, and (4) deposit mobilization versus competition from larger regional players. Management commentary, when available, should be weighed against these macro and micro factors to assess achievability of any stated targets.