Marathon Bancorp, Inc. Reports Earnings Results for the First Quarter Ended September 30, 2023
November 14, 2023 at 09:31 pm
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Marathon Bancorp, Inc. reported earnings results for the first quarter ended September 30, 2023. For the first quarter, the company reported net interest income was USD 1.56 million compared to USD 1.71 million a year ago. Net income was USD 0.086197 million compared to USD 0.511153 million a year ago.
Basic earnings per share from continuing operations was USD 0.04 compared to USD 0.24 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to USD 0.24 a year ago.
Marathon Bancorp, Inc. is a mutual bank holding company with a wholly owned banking subsidiary, Marathon Bank (the Bank). The Bank offers traditional banking services, as well as specializing in commercial banking and mortgage banking services. Marathon Bank provides traditional deposit services, such as checking, savings, money market, certificates of deposit and individual retirement accounts. In addition, it offers residential, commercial and construction loans, mortgages, home equity loans and small business loans. Its suite of business banking services includes cash management products, deposit accounts and feature-rich online services. The Bank operates as a full-service financial institution with a primary market area, including Marathon County and Ozaukee County, Wisconsin. Its primary lending products are commercial real estate, commercial and industrial, construction, one-to-four-family residential, multi-family real estate and consumer loans.