Marathon Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023
May 12, 2023 at 07:02 am
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Marathon Bancorp, Inc. reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported net interest income was USD 1.65 million compared to USD 1.53 million a year ago. Net income was USD 0.365696 million compared to USD 0.248826 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 0.12 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to USD 0.12 a year ago.
For the nine months, net interest income was USD 5.05 million compared to USD 4.68 million a year ago. Net income was USD 1.18 million compared to USD 0.950782 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to USD 0.44 a year ago. Diluted earnings per share from continuing operations was USD 0.55 compared to USD 0.44 a year ago.
Marathon Bancorp, Inc. is a mutual bank holding company with a wholly owned banking subsidiary, Marathon Bank (the Bank). The Bank offers traditional banking services, as well as specializing in commercial banking and mortgage banking services. Marathon Bank provides traditional deposit services, such as checking, savings, money market, certificates of deposit and individual retirement accounts. In addition, it offers residential, commercial and construction loans, mortgages, home equity loans and small business loans. Its suite of business banking services includes cash management products, deposit accounts and feature-rich online services. The Bank operates as a full-service financial institution with a primary market area, including Marathon County and Ozaukee County, Wisconsin. Its primary lending products are commercial real estate, commercial and industrial, construction, one-to-four-family residential, multi-family real estate and consumer loans.
MARATHON BANCORP, INC. 
