Earnings Revisions on 39 Midwest nano- and micro-cap banks.
Things get messy at this end of the market cap range. We stopped writing on CNBN and IROQ; each announced they are the target of a merger since we wrote on them in October. We passed on MSBB this quarter because they haven't put out holding company level financials since 2Q25 financials. They have a weird September fiscal year, and though we could take a WAG based on bank-level data it seemed imprudent. We also used the FR Y-9 to fill-in some data gaps for FFMR. Shareholders deserve a press release, just our opinion.
Companies covered herein include:
BNCCORP, Inc. (BNCC),
Consumers Bancorp, Inc. (CBKM),
Commercial National Financial Corporation (CEFC),
Croghan Bancshares, Inc. (CHBH),
CIB Marine Bancshares, Inc. (CIBH),
CNB Community Bancorp, Inc. (CNBB),
Central Plains Bancshares, Inc. (CPBI),
CSB Bancorp, Inc. (CSBB),
Century Financial Corporation (CYFL),
Crystal Valley Financial Corporation (CYVF),
Dacotah Banks, Inc. (DBIN),
First Capital, Inc. (FCAP),
FFBW, Inc. (FFBW),
FFD Financial Corporation (FFDF),
First Farmers Financial Corporation (FFMR),
FFW Corporation (FFWC),
First Berlin Bancorp, Inc. (FTFI),
FS Bancorp (FXLG),
Hills Bancorporation (HBIA),
Marathon Bancorp, Inc. (MBBC),
Merchants Financial Group, Inc. (MFGI),
Marquette National Corporation (MNAT),
Main Street Financial Services Corp. (MSWV),
Northeast Indiana Bancorp, Inc. (NIDB),
NSTS Bancorp, Inc. (NSTS),
Ottawa Bancorp, Inc. (OTTW),
Ohio Valley Banc Corp. (OVBC),
Oxford Bank Corporation (OXBC),
PFS Bancorp, Inc. (PFSB),
PSB Holdings, Inc. (PSBQ),
Richmond Mutual Bancorporation, Inc. (RMBI),
Southern Michigan Bancorp, Inc. (SOMC),
Sturgis Bancorp, Inc. (STBI),
Tri City Bankshares Corporation (TRCY),
Tri-County Financial Group, Inc. (TYFG),
United Bancorp, Inc. (UBCP),
United Bancshares, Inc. (UBOH),
WCF Bancorp, Inc. (WCFB), and
Waterstone Financial, Inc. (WSBF).