Mercer Bancorp Financials
This page shows Mercer Bancorp (MSBB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Mercer Bancorp’s profit engine depends on a large, leverage-heavy balance sheet, while surplus cash is constrained by reinvestment.
This year, cash conversion re-aligned, with net income of$972K and operating cash flow of$1.9M after the prior year produced earnings without cash. But debt-to-equity remained 6.2x while ROA was only0.6% , so earnings quality improved before the funding structure became much less balance-sheet heavy.
Even with revenue at
Free cash flow stayed negative at
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Mercer Bancorp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Mercer Bancorp's revenue grew 14.4% year-over-year to $9.4M, a solid pace of expansion. This earns a growth score of 76/100.
Mercer Bancorp has elevated debt relative to equity (D/E of 6.15), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
While Mercer Bancorp generated $1.9M in operating cash flow, capex of $2.8M consumed most of it, leaving -$938K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Mercer Bancorp generates a 4.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 19/100. This is up from 2.9% the prior year.
Mercer Bancorp passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Mercer Bancorp generates $1.92 in operating cash flow ($1.9M OCF vs $972K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Mercer Bancorp generated $9.4M in revenue in fiscal year 2025. This represents an increase of 14.4% from the prior year.
Mercer Bancorp reported $972K in net income in fiscal year 2025. This represents an increase of 40.4% from the prior year.
Mercer Bancorp earned $1.02 per diluted share (EPS) in fiscal year 2025. This represents an increase of 39.7% from the prior year.
Cash & Balance Sheet
Mercer Bancorp generated -$938K in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 89.1% from the prior year.
Mercer Bancorp held $5.4M in cash against $0 in long-term debt as of fiscal year 2025.
Mercer Bancorp had 1M shares outstanding in fiscal year 2025. This represents an increase of 0.4% from the prior year.
Margins & Returns
Mercer Bancorp's net profit margin was 10.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.9 percentage points from the prior year.
Mercer Bancorp's ROE was 4.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.1 percentage points from the prior year.
Capital Allocation
Mercer Bancorp spent $386K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Mercer Bancorp invested $2.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 479.2% from the prior year.
MSBB Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.3M-2.1% | $2.4M-0.5% | $2.4M+4.1% | $2.3M-1.1% | $2.3M+1.7% | $2.3M+8.4% | $2.1M+8.3% | $2.0M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $759K0.0% | $759K+7.9% | $703K+14.6% | $614K-2.1% | $628K-2.6% | $644K+3.0% | $626K-0.6% | $630K |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $593K-2.0% | $605K-4.6% | $634K-3.7% | $658K-11.1% | $740K-6.1% | $788K+17.4% | $671K+16.1% | $578K |
| Income Tax | $38K-55.8% | $85K-9.3% | $94K+1084.2% | $8K-88.6% | $69K+13.0% | $61K+151.2% | $24K-32.7% | $36K |
| Net Income | $171K-47.6% | $327K-2.0% | $334K+843.5% | $35K-87.2% | $276K+12.6% | $245K+69.7% | $145K+12.0% | $129K |
| EPS (Diluted) | $0.18 | N/A | $0.36+800.0% | $0.04-86.2% | $0.29 | N/A | $0.15+7.1% | $0.14 |
MSBB Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $174.2M-1.1% | $176.2M-0.4% | $177.0M-2.2% | $180.9M0.0% | $180.9M-0.5% | $181.7M+2.9% | $176.6M+4.3% | $169.4M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $4.7M-11.7% | $5.4M+39.9% | $3.8M-42.9% | $6.7M+37.4% | $4.9M-17.2% | $5.9M-13.3% | $6.8M-14.2% | $7.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $149.2M-1.5% | $151.5M-0.9% | $152.9M-2.6% | $157.0M+0.2% | $156.8M-0.7% | $157.8M+3.1% | $153.1M+4.8% | $146.1M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $25.0M+1.5% | $24.6M+2.3% | $24.1M+0.7% | $23.9M-0.8% | $24.1M+0.6% | $24.0M+1.8% | $23.5M+0.7% | $23.4M |
| Retained Earnings | $17.5M+1.0% | $17.3M+1.9% | $17.0M+2.0% | $16.7M+0.2% | $16.6M+1.7% | $16.4M+1.5% | $16.1M+0.9% | $16.0M |
MSBB Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $350K+269.5% | $95K-94.3% | $1.7M+1330.5% | $117K+942.1% | -$14K+98.8% | -$1.1M+57.2% | -$2.7M-19.6% | -$2.2M |
| Capital Expenditures | $97K-78.8% | $456K-64.4% | $1.3M+32.0% | $970K+835.9% | $104K+43.6% | $72K-38.1% | $117K-54.4% | $256K |
| Free Cash Flow | $253K+170.2% | -$361K-191.8% | $393K+146.1% | -$853K-625.7% | -$118K+90.3% | -$1.2M+56.4% | -$2.8M-12.0% | -$2.5M |
| Investing Cash Flow | $1.1M-51.9% | $2.3M+344.1% | $520K-71.7% | $1.8M+1595.8% | -$123K+97.2% | -$4.4M+18.6% | -$5.4M-734.4% | -$651K |
| Financing Cash Flow | -$2.1M-138.6% | -$876K+82.7% | -$5.1M-3799.3% | -$130K+85.2% | -$878K-118.9% | $4.7M-33.2% | $7.0M+120.2% | $3.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $21K | $0-100.0% | $146K | N/A | N/A | N/A | N/A | N/A |
MSBB Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 7.3%-6.4pp | 13.7%-0.2pp | 13.9%+12.4pp | 1.5%-10.3pp | 11.8%+1.2pp | 10.7%+3.9pp | 6.8%+0.2pp | 6.6% |
| Return on Equity | 0.7%-0.6pp | 1.3%-0.1pp | 1.4%+1.2pp | 0.1%-1.0pp | 1.1%+0.1pp | 1.0%+0.4pp | 0.6%+0.1pp | 0.5% |
| Return on Assets | 0.1%-0.1pp | 0.2%0.0pp | 0.2%+0.2pp | 0.0%-0.1pp | 0.1%+0.0pp | 0.1%+0.1pp | 0.1%0.0pp | 0.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 5.97-0.2 | 6.15-0.2 | 6.35-0.2 | 6.57+0.1 | 6.51-0.1 | 6.59+0.1 | 6.51+0.3 | 6.26 |
| FCF Margin | 10.8%+25.9pp | -15.1%-31.5pp | 16.4%+53.3pp | -37.0%-31.9pp | -5.0%+47.6pp | -52.6%+78.2pp | -130.8%-4.3pp | -126.6% |
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Frequently Asked Questions
What is Mercer Bancorp's annual revenue?
Mercer Bancorp (MSBB) reported $9.4M in total revenue for fiscal year 2025. This represents a 14.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Mercer Bancorp's revenue growing?
Mercer Bancorp (MSBB) revenue grew by 14.4% year-over-year, from $8.2M to $9.4M in fiscal year 2025.
Is Mercer Bancorp profitable?
Yes, Mercer Bancorp (MSBB) reported a net income of $972K in fiscal year 2025, with a net profit margin of 10.3%.
What is Mercer Bancorp's net profit margin?
Mercer Bancorp (MSBB) had a net profit margin of 10.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Mercer Bancorp's return on equity (ROE)?
Mercer Bancorp (MSBB) has a return on equity of 4.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Mercer Bancorp's free cash flow?
Mercer Bancorp (MSBB) generated -$938K in free cash flow during fiscal year 2025. This represents a 89.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Mercer Bancorp's operating cash flow?
Mercer Bancorp (MSBB) generated $1.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Mercer Bancorp's total assets?
Mercer Bancorp (MSBB) had $176.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Mercer Bancorp's capital expenditures?
Mercer Bancorp (MSBB) invested $2.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Mercer Bancorp's debt-to-equity ratio?
Mercer Bancorp (MSBB) had a debt-to-equity ratio of 6.15 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Mercer Bancorp's return on assets (ROA)?
Mercer Bancorp (MSBB) had a return on assets of 0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Mercer Bancorp's Piotroski F-Score?
Mercer Bancorp (MSBB) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Mercer Bancorp's earnings high quality?
Mercer Bancorp (MSBB) has an earnings quality ratio of 1.92x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Mercer Bancorp?
Mercer Bancorp (MSBB) scores 16 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.