Welcome to our dedicated page for Middlefield Banc news (Ticker: MBCN), a resource for investors and traders seeking the latest updates and insights on Middlefield Banc stock.
Middlefield Banc Corp (MBCN) maintains this comprehensive news hub for investors tracking this Ohio-chartered banking institution's developments. Access verified press releases and financial updates covering strategic initiatives, regulatory compliance matters, and market positioning within the community banking sector.
This resource consolidates essential updates including quarterly earnings reports, leadership changes, and product innovations in commercial lending and digital banking services. Users will find detailed information on deposit growth strategies, loan portfolio management, and community reinvestment programs that demonstrate the company's financial stewardship.
Regular updates include filings with regulatory agencies, analysis of interest rate impacts on banking operations, and developments in cash management solutions for business clients. The curated content enables stakeholders to monitor MBCN's performance against industry benchmarks while maintaining awareness of risk management practices.
Bookmark this page for ongoing access to Middlefield Banc Corp's official communications and third-party analysis of its position within the competitive Midwest banking landscape. Check back regularly for updates on financial results and strategic initiatives that shape this institution's community-focused banking approach.
Middlefield Banc Corp. (NASDAQ: MBCN) reported strong financial results for Q1 2025, with earnings per share increasing 17.6% to $0.60. The company achieved notable growth metrics including:
- Net income expanded 15.9% to $4.8 million
- Net interest margin improved by 15 basis points to 3.69%
- Total loans grew 4% to $1.55 billion
- Total deposits increased 6.4% to $1.54 billion
- Asset quality improved with nonperforming assets to total assets decreasing to 1.56%
The bank increased its quarterly dividend by 5% to $0.21 per share and reported tangible book value per share of $21.29, representing a 5.5% increase. The company maintains strong liquidity with $346.9 million in additional borrowing capacity while focusing on infrastructure upgrades and technology investments.
Middlefield Banc Corp. (NASDAQ: MBCN) has announced a 5% increase in its quarterly cash dividend to $0.21 per common share for the first quarter of 2025. The dividend will be paid on March 14, 2025, to shareholders of record as of February 28, 2025.
According to President and CEO Ronald L. Zimmerly, Jr., this increase reflects the company's strong capital position and growing profitability. The company's regular dividend has shown significant growth, increasing by 47.4% from $0.57 per share in 2019 to a current annualized rate of $0.84, demonstrating the Board's commitment to returning excess capital to shareholders.
Middlefield Banc Corp. (MBCN) reported strong financial results for Q4 2024, with earnings increasing 36.4% year-over-year to $0.60 per diluted share. The company achieved a record total loan portfolio of $1.52 billion, representing a 2.8% increase year-over-year.
Key highlights include a 26 basis point year-over-year increase in return on average assets to 1.04%, and book value growth of 2.6% to $26.08 per share. The company returned $7.5 million to shareholders through dividends and share repurchases. Total assets increased 1.7% to $1.85 billion, while deposits grew 1.3% to $1.45 billion.
Net interest income for 2024 decreased to $60.7 million from $65.2 million in 2023, with net interest margin declining to 3.52% from 3.97%. Asset quality metrics showed nonperforming assets at 1.62% of total assets, with an allowance for credit losses at 1.48% of total loans.
Middlefield Banc Corp. (NASDAQ: MBCN) has announced its fourth-quarter dividend payment for 2024. The Board of Directors has declared a quarterly cash dividend of $0.20 per common share. Shareholders who are on record as of November 29, 2024, will receive the dividend payment on December 13, 2024.
Middlefield Banc Corp. (NASDAQ: MBCN) reported financial results for the nine months ended September 30, 2024. Key highlights include:
- Net income of $10.7 million, down from $13.8 million year-over-year
- Earnings of $1.32 per diluted share, compared to $1.70 per diluted share
- Total loans increased 3.9% to a record $1.50 billion
- Total deposits increased 3.8% to a record $1.51 billion
- Nonperforming assets to total assets increased to 1.62% from 0.75%
- Book value increased 9.1% to $26.11 per share
The company reported record total assets and deposits, as well as a record book value per share. However, higher charge-offs and non-performing loans associated with one customer impacted earnings. The provision for credit losses increased during the third quarter, reducing after-tax earnings by $0.12 per diluted share.
Middlefield Banc Corp. (NASDAQ: MBCN) is set to celebrate its 10th anniversary of listing on the Nasdaq Stock Market by ringing the Opening Bell on Tuesday, August 27, 2024. The ceremony will be broadcast live starting at approximately 9:15 a.m. ET and can be viewed on Facebook or Nasdaq's website.
Ronald L. Zimmerly, Jr., President and CEO, highlighted the company's achievements since listing on Nasdaq:
- Total assets increased by nearly 170%
- Annual net income grew over 140%
- Returned capital to shareholders through share repurchases and growing dividends
Zimmerly attributed the success to the hard work of employees and their dedication to local Ohio communities.
Middlefield Banc Corp. (NASDAQ: MBCN) has announced a quarterly cash dividend of $0.20 per common share for the third quarter of 2024. The dividend will be payable on September 13, 2024, to shareholders of record as of August 30, 2024. This announcement demonstrates the company's commitment to providing regular returns to its shareholders and maintaining its dividend policy. The consistent dividend payout may be viewed as a positive sign of the bank's financial stability and confidence in its future performance.
Middlefield Banc Corp. (NASDAQ: MBCN) reported financial results for the six months ended June 30, 2024. Net income was $8.3 million, or $1.03 per diluted share, compared to $10.0 million, or $1.23 per diluted share, for the same period last year. Total loans increased 6.3% to a record $1.50 billion, while total deposits grew 2.6% to a record $1.47 billion. The company's asset quality remained stable with nonperforming assets to total assets at 0.87%. The allowance for credit losses was 1.46% of total loans. Middlefield's focus remains on supporting local communities, managing expenses, and maintaining a strong balance sheet amid economic uncertainties.
Middlefield Banc Corp. (NASDAQ: MBCN) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share for the second quarter of 2024.
The dividend will be payable on June 14, 2024, to shareholders who are recorded by May 31, 2024.
Middlefield Banc Corp. (NASDAQ: MBCN) reported financial results for the first quarter of 2024. Net income decreased to $4.2 million, earnings per share decreased to $0.51, and net interest income decreased to $15.1 million. However, noninterest income increased by 6.9%. Total loans and deposits increased, while asset quality remained strong. The company remains focused on strategic growth goals to create lasting value for shareholders.
