{"id":4089,"date":"2026-05-12T01:24:00","date_gmt":"2026-05-11T23:24:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=5025e1f04e11e3e6166da2d34d40c623"},"modified":"2026-05-12T01:24:00","modified_gmt":"2026-05-11T23:24:00","slug":"merchants-marine-bancorp-inc-announces-first-quarter-financial-results","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=4089","title":{"rendered":"Merchants & Marine Bancorp, Inc. Announces First Quarter Financial Results"},"content":{"rendered":"

PASCAGOULA, Miss.--(BUSINESS WIRE)--Merchants & Marine Bancorp, Inc. (OTCQX: MNMB), the parent company of Merchants & Marine Bank, reported net income for the first quarter of 2026 of $346 thousand, or $0.26 per share, compared with earnings of $814 thousand, or $0.52 per share, in the same period of the prior year. Net income available to common shareholders, net of preferred dividends, totaled $0.07 per share. Gross income in the first quarter totaled $13.57 million, an increase of 17.99% from the prior year. Balance sheet footings increased by 2.16% to $961.56 million during the quarter. Net loans eased slightly to $442.75 million during the quarter from $445.54 million at the end of 2025, a decrease of 0.62%. Total deposits increased 4.59% during the quarter, from $598.28 million at the end of 2025 to $625.72 million. Since the end of the quarter, these numbers have experienced significant change, as the acquisition of Farmers-Merchants Bank was completed on April 1, 2026.<\/p><\/a><\/a>

\nSelected financial highlights:<\/p>