Marathon Bancorp, Inc. (the “Company”) is a Maryland chartered mid-tier stock holding company and was formed in connection with the conversion of Marathon Bank (the “Bank”) from a mutual to the mutual holding company form of organization in April 2021, and it is a subsidiary of Marathon MHC (the “Mutual Holding Company”), a Wisconsin chartered mutual holding company. The Mutual Holding Company received 1,226,223 shares, or 55.0%, of the Company’s issued stock at the time of the reorganization. In connection with the reorganization, Marathon Bancorp, Inc. sold 1,003,274 shares of common stock to the public at $10.00 per share, representing 45.0% of its outstanding shares of common stock at the time of the reorganization. The stock offering resulted in gross proceeds of $10.0 million, net of offering expenses of $1.4 million, resulting in net proceeds of $8.5 million. The Mutual Holding Company activity is not included in the accompanying consolidated financial statements. Marathon Bank is a wholly owned subsidiary of the Company. The same directors and officers, who manage the Bank, also manage the Company and the Mutual Holding Company.
Company profile
Ticker
MBBC
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
14 Feb 24
8-K
Announces Adoption of Stock Repurchase Program
22 Dec 23
8-K
Submission of Matters to a Vote of Security Holders
21 Nov 23
10-Q
2024 Q1
Quarterly report
14 Nov 23
ARS
2023 FY
Annual report to shareholders
17 Oct 23
DEF 14A
Definitive proxy
17 Oct 23
10-K
2023 FY
Annual report
20 Sep 23
8-K
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
20 Sep 23
10-Q
2023 Q3
Quarterly report
12 May 23
8-K
Other Events
10 May 23
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Jun 23 | Jun 22 | Jun 21 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 6.98 mm | 6.98 mm | 6.98 mm | 6.98 mm | 6.98 mm | 6.98 mm |
Cash burn (monthly) | 1.60 mm | 910.01 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 10.99 mm | 6.26 mm | n/a | n/a | n/a | n/a |
Cash remaining | -4.01 mm | 722.56 k | n/a | n/a | n/a | n/a |
Runway (months of cash) | -2.5 | 0.8 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
6 Mar 24 | Nicholas W Zillges | Common Stock | Buy | Acquire P | No | No | 9.51 | 100 | 951.00 | 19,816 |
1 Dec 23 | Terry Cornish | Common Stock | Discretionary | Acquire I | Yes | No | 9.68 | 269 | 2.60 k | 16,985 |
1 Dec 23 | Nora Spatz | Common Stock | Discretionary | Acquire I | Yes | No | 9.68 | 538 | 5.21 k | 18,413 |
1 Dec 23 | Nicholas W Zillges | Common Stock | Discretionary | Acquire I | Yes | No | 9.68 | 1,184 | 11.46 k | 29,980 |
1 Dec 23 | Michelle Knopf | Common Stock | Discretionary | Acquire I | Yes | No | 9.68 | 1,534 | 14.85 k | 9,509 |
30 Nov 23 | Terry Cornish | Common Stock | Discretionary | Acquire I | Yes | No | 8.3316 | 284 | 2.37 k | 16,716 |
30 Nov 23 | Nora Spatz | Common Stock | Discretionary | Acquire I | Yes | No | 8.3316 | 568 | 4.73 k | 17,875 |
30 Nov 23 | Nicholas W Zillges | Common Stock | Discretionary | Acquire I | Yes | No | 8.3316 | 1,249 | 10.41 k | 28,796 |
30 Nov 23 | Michelle Knopf | Common Stock | Discretionary | Acquire I | Yes | No | 8.3316 | 1,619 | 13.49 k | 7,975 |