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Merchants & Marine Bancorp
(OTC:MNMB)
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Rating:57Neutral
Price Target:
$62.00
▲(16.10% Upside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by weaker financial quality in 2025—higher leverage, lower returns, and negative free cash flow—despite solid multi-year revenue growth. Technicals are supportive with an uptrend and positive momentum, but valuation looks relatively demanding (P/E ~25.7), limiting upside in the score.
Positive Factors
Steady Revenue Growth
Sustained top-line expansion indicates continued demand for the bank's lending, deposit, and financial services. A multi-year growth pattern can support future earnings and scale benefits, although preserving profitability will depend on controlling costs and maintaining spreads.
Negative Factors
Higher Balance-Sheet Leverage
The sharp leverage increase materially raises financial risk and reduces flexibility if credit conditions weaken or funding costs rise. It also makes future growth more dependent on effective balance-sheet and capital management, especially while returns remain low.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Sustained top-line expansion indicates continued demand for the bank's lending, deposit, and financial services. A multi-year growth pattern can support future earnings and scale benefits, although preserving profitability will depend on controlling costs and maintaining spreads.
Read all positive factors
Merchants & Marine Bancorp (MNMB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$75.81M
Dividend Yield2.53%
Average Volume (3M)139.00
Price to Earnings (P/E)5.5
Beta (1Y)0.44
Revenue Growth85.96%
EPS Growth195.93%
CountryUS
Employees145
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)9.15
Shares Outstanding1,330,000
10 Day Avg. Volume0
30 Day Avg. Volume139
Financial Highlights & Ratios
PEG Ratio-0.40
Price to Book (P/B)0.39
Price to Sales (P/S)0.94
P/FCF Ratio-15.18
Enterprise Value/Market Cap2.01
Enterprise Value/Revenue1.76
Enterprise Value/Gross Profit2.11
Enterprise Value/Ebitda9.25
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Merchants & Marine Bancorp Business Overview & Revenue Model
Company Description
Merchants & Marine Bancorp, Inc. operates as the parent company for Merchants & Marine Bank, providing a full spectrum of financial products and services to individual and commercial customers. The bank primarily serves communities within Jackson ...
How the Company Makes Money
MNMB primarily makes money through its banking operations. The largest recurring earnings driver for most community banks is net interest income: the company earns interest and fees on loans and other interest-earning assets (such as securities) a...
Merchants & Marine Bancorp Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
40
Negative
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 86.56M | 54.68M | 49.44M | 42.77M | 31.72M | 29.38M |
| Gross Profit | 72.39M | 45.48M | 45.41M | 40.74M | 30.13M | 25.83M |
| EBITDA | 16.49M | 7.00M | 9.00M | 9.17M | 4.73M | 4.21M |
| Net Income | 13.70M | 4.28M | 5.94M | 6.03M | 2.97M | 2.18M |
Balance Sheet | ||||||
| Total Assets | 1.35B | 941.19M | 716.86M | 686.16M | 686.47M | 678.17M |
| Cash, Cash Equivalents and Short-Term Investments | 115.80M | 76.62M | 37.48M | 174.19M | 197.01M | 279.49M |
| Total Debt | 210.92M | 202.66M | 4.72M | 54.21M | 4.70M | 4.69M |
| Total Liabilities | 1.19B | 807.87M | 590.81M | 562.41M | 565.58M | 596.06M |
| Stockholders Equity | 163.57M | 131.05M | 126.05M | 123.75M | 120.89M | 82.11M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -3.37M | 4.06M | 2.71M | 1.83M | -610.74K |
| Operating Cash Flow | 0.00 | 5.76M | 7.58M | 7.42M | 4.09M | 3.34M |
| Investing Cash Flow | 0.00 | -180.28M | 35.80M | 34.81M | -160.19M | 5.31M |
| Financing Cash Flow | 0.00 | 218.49M | -77.72M | -6.12M | 15.78M | 33.12M |
Merchants & Marine Bancorp Peers Comparison
UnderperformOutperform
Sector (68)
MNMB
Merchants & Marine Bancorp
56.00
17.62
45.91%
ASRV
Ameriserv Financial
5.08
2.12
71.62%
FSEA
First Seacoast Bancorp
17.10
5.48
47.16%
CLST
Catalyst Bancorp
17.39
4.73
37.36%
NSTS
NSTS Bancorp
13.99
2.07
17.37%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.