---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-008247"
form_type: "8-K"
ticker: "MSBB"
cik: "0001967306"
company_name: "Mercer Bancorp, Inc."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:43:46.426120+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Mercer Bancorp restates Q4 2023 financials due to unrecorded legal invoices; reports control weakness

## Summary
- Audit committee concludes Dec 31, 2023 financials should no longer be relied upon; restatement to be filed.
- Restatement due to discovery of unpaid legal invoices: legal expense increased $20,659; tax expense decreased $4,338.
- Accrued liabilities increase $16,321; retained earnings decrease $16,321.
- Company identified a weakness in the design and operation of disclosure controls and procedures.
- Restatement covers the quarterly period ended Dec 31, 2023; amended Form 10-Q to be filed.

## SEC filing metadata
- accession: 0001558370-24-008247
- form_type: 8-K
- ticker: MSBB
- cik: 0001967306
- company_name: Mercer Bancorp, Inc.
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1967306/000155837024008247/0001558370-24-008247-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1967306/000155837024008247/tmb-20240514x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-008247
- JSON: https://secwatch.observer/filing/0001558370-24-008247.json
- Plain text: https://secwatch.observer/filing/0001558370-24-008247.txt

## Key facts
- Auditor Changes
  Mercer Bancorp, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: S. R. Snodgrass, P.C.
  source text: On May 14, 2024, the audit committee of the Board of Directors of Mercer Bancorp, Inc. (the “Company”), after considering the recommendation of management and consulting with S. R. Snodgrass, P.C. (“Snodgrass”), the Company’s independent registered public accounting firm, concluded that the Company’s previously issued unaudited consolidated financial statements for the fiscal quarter ended December 31, 2023, as reported in the Company’s Quarterly Report on Form 10-Q for this period, should no longer be relied upon and will be restated (the “Restatement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1967306/000155837024008247/0001558370-24-008247-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.