Mercer Bancorp Inc.
Mercer Bancorp, Inc. operates as the bank holding company for Mercer Savings Bank that provides financial products and services to individuals and businesses in western Ohio. The company accepts checking accounts, savings accounts, and certificates of deposit. Its loan products include one- to four-family residential mortgage loans and agricultural real estate loans secured by properties; and mul… Read more
Mercer Bancorp Inc. (MSBB) - Net Assets
Latest net assets as of June 2025: $24.07 Million USD
Based on the latest financial reports, Mercer Bancorp Inc. (MSBB) has net assets worth $24.07 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($176.96 Million) and total liabilities ($152.89 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $24.07 Million |
| % of Total Assets | 13.6% |
| Annual Growth Rate | 30.52% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 27.86 |
Mercer Bancorp Inc. - Net Assets Trend (2022–2024)
This chart illustrates how Mercer Bancorp Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mercer Bancorp Inc. (2022–2024)
The table below shows the annual net assets of Mercer Bancorp Inc. from 2022 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | $23.95 Million | +5.62% |
| 2023-09-30 | $22.68 Million | +61.33% |
| 2022-09-30 | $14.06 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mercer Bancorp Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 9.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $16.37 Million | 68.35% |
| Other Components | $7.58 Million | 31.65% |
| Total Equity | $23.95 Million | 100.00% |
Mercer Bancorp Inc. Competitors by Market Cap
The table below lists competitors of Mercer Bancorp Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Samfine Creation Holdings Group Limited
NASDAQ:SFHG
|
$12.16 Million |
|
Masterkool International Public Company Limited
BK:KOOL
|
$12.16 Million |
|
Amanah Leasing Public Company Limited
BK:AMANAH
|
$12.17 Million |
|
K Seng Seng Corporation Bhd
KLSE:5192
|
$12.18 Million |
|
Electromagnetica SA
RO:ELMA
|
$12.15 Million |
|
PRECISE BIOMETR. A
F:PBC
|
$12.15 Million |
|
Medicus Pharma Ltd. Common Stock
OTCBB:MDCX
|
$12.15 Million |
|
Asahimas Flat Glass Tbk
JK:AMFG
|
$12.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mercer Bancorp Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 22,677,691 to 23,953,033, a change of 1,275,342 (5.6%).
- Net income of 692,737 contributed positively to equity growth.
- Other factors increased equity by 582,605.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $692.74K | +2.89% |
| Other Changes | $582.61K | +2.43% |
| Total Change | $- | 5.62% |
Book Value vs Market Value Analysis
This analysis compares Mercer Bancorp Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.56x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.95x to 0.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-09-30 | $13.74 | $13.11 | x |
| 2023-09-30 | $22.17 | $13.11 | x |
| 2024-09-30 | $23.42 | $13.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mercer Bancorp Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.89%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.56%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 7.59x
- Recent ROE (2.89%) is below the historical average (4.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 6.71% | 18.70% | 0.03x | 10.88x | $-462.05K |
| 2023 | 3.28% | 13.06% | 0.04x | 7.01x | $-1.52 Million |
| 2024 | 2.89% | 11.56% | 0.03x | 7.59x | $-1.70 Million |
Industry Comparison
This section compares Mercer Bancorp Inc.'s net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $22,823,266,317
- Average return on equity (ROE) among peers: 14.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mercer Bancorp Inc. (MSBB) | $24.07 Million | 6.71% | 6.35x | $12.16 Million |
| Ameris Bancorp (ABCB) | $514.76 Million | 7.94% | 9.86x | $4.91 Billion |
| ACNB Corporation (ACNB) | $106.80 Million | 8.72% | 8.79x | $452.68 Million |
| Addiko Bank AG (ADBKF) | $6.08 Billion | 0.58% | 0.00x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $80.78 Million | 3.82% | 9.53x | $79.98 Million |
| Absa Group Limited (AGRPF) | $56.49 Billion | 12.11% | 11.71x | $6.72 Billion |
| AIB Group plc (AIBGY) | $2.74 Billion | 18.02% | 16.84x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $153.61 Billion | 39.08% | 6.47x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $8.37 Billion | 34.92% | 7.81x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $235.94 Million | 14.17% | 11.96x | $248.47 Million |