Merchants & Marine Bancorp, Inc. Announces 2023 Financial ResultsPosted by On

PASCAGOULA, Miss.–(BUSINESS WIRE)–Merchants & Marine Bancorp, Inc. (OTCQX: MNMB), the parent company of Merchants & Marine Bank, reported net income during 2023 of $6.29 million, or $4.73 per share, compared with earnings of $3.14 million, or $2.36 per share, in the prior year. Gross income in 2023 increased 34.82% to $42.77 million from $31.73 million in 2022. Balance sheet footings were materially unchanged for the 2023 fiscal year, increasing very slightly to $686.86 million from $

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