Mars Bancorp (Mars Bancorp) Interest Expense : $-3.83 Mil (TTM As of Sep. 2023)

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What is Mars Bancorp Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mars Bancorp's interest expense for the three months ended in Sep. 2023 was $ -1.53 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-3.83 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Mars Bancorp's Operating Income for the three months ended in Sep. 2023 was $ Mil. Mars Bancorp's Interest Expense for the three months ended in Sep. 2023 was $ Mil. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Mars Bancorp Interest Expense Historical Data

The historical data trend for Mars Bancorp's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mars Bancorp Interest Expense Chart

Mars Bancorp Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-1.43

-2.19

-1.57

-0.48

-0.73

Mars Bancorp Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.18	-0.40	-0.69	-1.22	-1.53

Mars Bancorp Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.83 Mil.

Mars Bancorp (Mars Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mars Bancorp Inc (OTCPK:MNBP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

145 Grand Avenue, P.O. Box 927, Mars, PA, USA, 16046-0927

Website

https://www.marsbank.com

Mars Bancorp Inc along with its subsidiaries provides banking products and services to individuals and businesses. It offers loans, deposits, mortgages, and online banking services. The primary activities of the bank are owning and supervising its subsidiary Mars Bank which is a national association located in Pennsylvania. The Bank derives its principal sources of revenue from its residential and commercial real estate portfolios, commercial, industrial and consumer loans, investment securities portfolio, as well as a variety of deposit services offered to its customers through six branch offices, which are located in areas of Allegheny, Butler, and Mercer counties in Western Pennsylvania.

Mars Bancorp (Mars Bancorp) Headlines

From GuruFocus

Shareholder Alert: Ademi LLP investigates whether Mars Bancorp, Inc. has obtained a Fair Price in its transaction with NexTier

By PRNewswire • 08-31-2023