secwatch.observer — SEC 8-K summary
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Issuer:     Mercer Bancorp, Inc. (MSBB)
CIK:        0001967306
Form:       8-K
Filed at:   2024-12-18T23:59:59+00:00
Accession:  0000943374-24-000498
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1967306/000094337424000498/0000943374-24-000498-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1967306/000094337424000498/form8k.htm
  HTML page:      https://secwatch.observer/filing/0000943374-24-000498

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