Executive Summary
Marathon Bancorp Inc delivered a subdued QQ2 2025 with revenue of $2.4475 million, down 5.1% year over year and 2.3% quarter over quarter, as disclosed in the company’s QQ2 2025 results. Gross profit of $1.578 million declined 12.2% YoY and 10.7% QoQ, while operating income rose modestly to $52,646 and the net income printed a modest $51,127 (EPS $0.0251). The quarter reflects continued earnings volatility driven by elevated interest expense relative to operating earnings, yielding an EBIT/interest coverage of approximately 0.061x and a thin Net Income margin (~2.09%). The company generated positive operating cash flow of $113,620 and free cash flow of $104,978, supporting a cash balance of $16.17 million at period end. Balance sheet metrics show substantial equity ($31.68 million) against a relatively modest long-term debt load ($10.0 million) and a net debt position of about $7.07 million. While liquidity appears ample in absolute terms, several ratios reported in the data appear internally inconsistent, underscoring the need for corroboration from the issuer’s filings. The market signals for MBBC point to a high sensitivity to interest rate movements and credit quality in a regional bank context, with potential near-term headwinds from a slower loan growth environment balanced by a stable capital base. Management commentary (where available) would be crucial to assess margin resilience, funding costs, and strategy around loan mix, deposit stability, and expense management.
Key Performance Indicators
QoQ: -10.74% | YoY:-12.18%
QoQ: -75.57% | YoY:-78.33%
QoQ: -70.77% | YoY:-81.21%
QoQ: -70.78% | YoY:-80.69%
Key Insights
Revenue: 2Q2025 revenue of $2.4475 million, YoY -5.09%, QoQ -2.31%. Gross Profit: $1.5784 million, YoY -12.18%, QoQ -10.74%. Operating Income: $52,646, YoY -78.33%, QoQ -75.57%. Net Income: $51,127, YoY -81.21%, QoQ -70.77%. EPS: $0.0251, YoY -80.69%, QoQ -70.78%. EBITDA: $123,649 (EBITDA margin 5.05%). Net Margin: ~2.09%. Gross Margin: 64.49%, Operating Margin: 2.15%, Pre-tax Margin: 2.15%. Cash flow: Operating cash flow $113,620; Free cash flow $104,978. Balance sheet: Total assets $217.93m; T...
Financial Highlights
Revenue: 2Q2025 revenue of $2.4475 million, YoY -5.09%, QoQ -2.31%. Gross Profit: $1.5784 million, YoY -12.18%, QoQ -10.74%. Operating Income: $52,646, YoY -78.33%, QoQ -75.57%. Net Income: $51,127, YoY -81.21%, QoQ -70.77%. EPS: $0.0251, YoY -80.69%, QoQ -70.78%. EBITDA: $123,649 (EBITDA margin 5.05%). Net Margin: ~2.09%. Gross Margin: 64.49%, Operating Margin: 2.15%, Pre-tax Margin: 2.15%. Cash flow: Operating cash flow $113,620; Free cash flow $104,978. Balance sheet: Total assets $217.93m; Total liabilities $186.25m; Total equity $31.68m; Long-term debt $10.00m; Net debt $7.07m. Liquidity: Cash and cash equivalents $2.93m; Short-term investments $6.24m; Total cash-related liquidity approximating $9.16m. End-period cash $16.17m. Per-share data: Weighted avg shares outstanding 2.034m (diluted 2.035m); EPS $0.0251.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
2.45M |
-5.09% |
-2.31% |
| Gross Profit |
1.58M |
-12.18% |
-10.74% |
| Operating Income |
52.65K |
-78.33% |
-75.57% |
| Net Income |
51.13K |
-81.21% |
-70.77% |
| EPS |
0.03 |
-80.69% |
-70.78% |
Key Financial Ratios
operatingProfitMargin
2.15%
operatingCashFlowPerShare
$55.85
freeCashFlowPerShare
$51.6
priceEarningsRatio
101.46
Management Commentary
N/A — No earnings call transcript data provided in the dataset. While transcript-based quotes are not available here, investors should request management commentary on: (1) NII sensitivity to rate movements and loan pricing inherent in a regional bank, (2) credit quality trends and allowance for loan losses, (3) deposit mix stability and funding costs, (4) expense controls and operating leverage, and (5) strategic initiatives for loan growth or diversification in Marathon County and surrounding markets.
Forward Guidance
There is no explicit forward guidance in the supplied data. Given the earnings profile, investors should monitor: (a) net interest income sensitivity to future rate shifts and the bank’s asset-liability management actions, (b) loan book quality and line item reserves in a rising or volatile credit environment, (c) deposit retention and competitive funding costs in a regional market, (d) expense discipline and efficiency initiatives to lift margin amidst revenue pressure, and (e) capital deployment plans (share repurchases, dividends, or balance sheet optimization). Industry trends suggest cautious lending growth in small to mid-size regional banks with a focus on commercial real estate, C&I lending, and consumer exposure; MBBC’s performance will hinge on its ability to optimize funding, maintain credit quality, and extract operating leverage from its cost structure. Key factors to monitor over the next 4–6 quarters include NIM trajectory, loan growth cadence, and reserve adequacy relative to loan book risk.