Welcome to our dedicated page for Morris St Bancsh news (Ticker: MBLU), a resource for investors and traders seeking the latest updates and insights on Morris St Bancsh stock.
Morris State Bancshares, Inc. reports recurring developments tied to its role as the parent company of Morris Bank, including quarterly earnings, dividend declarations, loan growth, deposit trends, and net interest margin performance. Company updates also discuss credit quality measures such as the allowance for credit losses, adversely classified assets, provision expense, and operating efficiency.
MBLU news may also cover capital-structure actions, including subordinated debt retirement and stock dividend adjustments, along with shareholder voting and governance matters. Morris Bank-related announcements include community-banking recognition and operating updates for its Georgia banking franchise.
Morris State Bancshares (OTCQX: MBLU) announced shareholder approval and regulatory clearance for its merger with Vallant Financial, Inc., and declared a Special Pre-Closing Dividend of $0.54 per share to holders of record on March 24, 2026, payable March 30, 2026.
Completion of the merger is expected April 1, 2026, with conversion and brand launch targeted at the end of Q2 2026 as Vallant Bank integrates Morris and Pinnacle operations.
Morris State Bancshares (OTCQX: MBLU) reported full-year 2025 net income of $26.5 million and diluted EPS of $2.49. The board declared a quarterly cash dividend of $0.13 payable about March 10, 2026, and a one-time special dividend of $0.16 payable about March 20, 2026.
Key operating metrics: net interest margin rose to 4.48% from 4.06% in 2024, total assets were $1.55 billion, and return on average equity was 14.42%. Regulators have approved the planned merger with Vallant Financial; a shareholder vote is planned for March 2026.
Pinnacle Financial Corporation and Morris State Bancshares (OTCQX: MBLU) announced they will unify under the name Vallant Financial, Inc. ahead of a planned mid-year merger.
The rebrand positions the combined holding company to emphasize community banking roots, local decision-making, and expanded customer access. Management said the move aims to deliver more resources, enhanced services, career opportunities for teammates, and added value for shareholders and the communities served.
While the renaming and integration process is underway, customers will continue to receive current service from Pinnacle Bank and Morris Bank until the full brand is unveiled and approvals are completed.
Pinnacle Financial Corporation and Morris State Bancshares (OTCQX: MBLU) announced a strategic combination to form a Georgia community bank with $3.8 billion in assets, $3.3 billion in deposits and $2.8 billion in loans, operating 35 branches.
Under the agreement Morris shareholders will receive 0.1095 shares of the combined company plus a $0.54 special cash dividend before closing; ownership will be ~54% Pinnacle and ~46% Morris. Headquarters will be in Elberton, GA. Closing is expected end Q1 or early Q2 2026, subject to regulatory and shareholder approvals.
Morris State Bancshares (OTCQX: MBLU) reported Q3 2025 net income of $9.2M, up 53.43% sequentially and 68.98% year-over-year. The quarter included two one-time items: a COVID Employee Retention Credit of just under $2.5M and a PAM accounting adoption that reversed $1.7M of amortization, together boosting pre-tax income by $4.2M.
Core trends: NIM rose 5 bp to 4.48%, loans increased $18.2M (1.58%) QoQ, deposits declined $5.5M (-0.42%), allowance for credit losses was 1.27% of loans, and tangible book value rose to $18.51 per share. The board declared a $0.12 per share Q4 dividend payable ~Dec 10 to shareholders of record Nov 10.
Morris State Bancshares (OTCQX: MBLU) reported strong Q2 2025 financial results with net income of $6.0 million, marking a 22.10% increase from Q1 2025 and a 12.71% rise year-over-year. The bank's performance was driven by net interest margin expansion to 4.43% and steady balance sheet growth.
Key highlights include loan portfolio growth of $16.0 million (1.41% quarterly) and deposit growth of $24.8 million (1.91% quarterly). The company retired $15.0 million in subordinated debt on July 22, 2025, which will reduce future interest expenses. Additionally, the board declared a Q3 dividend of $0.12 per share, payable September 15, 2025.
Morris Bank (Nasdaq: MBLU) has been recognized on Forbes' Best-In-State Banks 2025 list, distinguishing itself as the only community bank in Georgia to receive this honor. The recognition is based on a comprehensive survey of 26,000 U.S. consumers conducted by Statista Inc.
The evaluation criteria included customer satisfaction, likelihood of recommendation, trust, customer service quality, digital tools, financial advice, and fee transparency. The assessment also incorporated over 500,000 public reviews and ratings collected between February 2022 and March 2025.
Morris State Bancshares (OTCQX: MBLU) reported Q1 2025 net income of $4.9 million, a slight increase of 0.45% from Q1 2024, but down 20.04% from Q4 2024's $6.1 million. The bank achieved loan growth of $23 million (2.12%), representing an annualized growth rate of 8.48%.
The net interest margin improved to 4.29% in Q1 2025, up from 4.17% in Q4 2024 and 3.99% in Q1 2024. Asset quality showed improvement with the adversely classified asset index declining to 4.66%. The decline in quarterly earnings was primarily attributed to higher income tax provisioning, increased CECL-related reserves, and higher salary expenses.
The board approved a Q2 2025 dividend of $0.12 per share. Total shareholders' equity increased 1.18% to $198 million, with tangible book value growing to $17.66.
Morris State Bancshares (OTCQX: MBLU) has announced a one-time special dividend of $0.15 per common share. The dividend will be paid on March 21, 2025, to shareholders of record as of February 15, 2025.
Chairman and CEO Spence Mullis emphasized the company's financial strength and resilience, stating that this special dividend demonstrates their confidence in the bank's trajectory and ability to generate value through both earnings and dividends while maintaining positioning for strategic opportunities.
Morris State Bancshares (OTCQX: MBLU) reported strong financial results for Q4 and full-year 2024. The company announced a 30.43% increase in quarterly dividend to $0.12 per share and a special one-time dividend of $0.15 per share. Net income for 2024 reached $21.8 million, with Q4 earnings at $6.1 million.
Key 2024 metrics include: diluted EPS of $2.72, total assets of $1.49 billion, and net loan growth of $52.1 million (4.96%). The bank maintained strong asset quality with nonperforming assets at 0.41% and net charge-offs at 0.04%. The company plans to retire $15.0 million in subordinated debt in July 2025, supported by robust capital levels including a bank leverage ratio of 12.84%.
Net interest margin improved to 4.06%, up 8 basis points year-over-year, while the bank-level efficiency ratio was 53.30%. Total shareholders' equity increased 9.81% to $195.6 million, with tangible book value per share reaching $17.45.