Mercer Bancorp FY2024 net income $730K ($0.77/sh); authorizes buyback of up to 10% of shares

Mercer Bancorp, Inc.

Net income $730,000 ($0.77 diluted EPS) for year ended Sep 30, 2024, down from $744,000 prior year.
Total assets grew 14.3% to $181.7M; net loans up 11.6% to $145.1M; deposits up 9.6% to $134.6M.
Interest income rose 36.7% to $8.2M; net interest income before provision up 5.8% to $5.7M.
Board authorized repurchase of up to 102,297 shares (~10% of outstanding) after regulatory non-objection; no expiration date.
Repurchases may begin after blackout ends following Sep 30, 2024 earnings release; open market or Rule 10b5-1 plans.

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