What is Middlefield Banc Corp.'s earnings per share (EPS)?

Middlefield Banc Corp. (MBCN) reported diluted earnings per share of $1.92 for fiscal year 2024. This represents a -10.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Middlefield Banc Corp. (MBCN) Financials

MBCN

Trailing 12 months to September 30, 2025

Revenue $75.9M +12.6% YoY

Net Income $21.2M +48.8% YoY

EPS (Diluted) $2.61 +48.3% YoY

Free Cash Flow $17.6M -20.6% YoY

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2025, ended Sep 30, 2025 Reported Nov 13, 2025 Currency USD FYE December

Newest figures come from the 10-Q for Q3 FY2025, filed Nov 13, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MBCN SEC filings page.

Middlefield Banc Corp. (MBCN) reported $75.9M in revenue over the twelve months to Sep 30, 2025, up 12.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MBCN FY2024 2026-10-04

Middlefield remains a liability-funded bank, and sharply higher interest expense is compressing earnings despite a still-positive cash profile.

Interest expense rose from $25.1M in FY2023 to $40.6M in FY2024 while revenue declined, indicating funding costs—not just business volume—drove the earnings squeeze. Net margin narrowed from 24.2% to 22.9%, confirming that more of the bank’s revenue was absorbed before reaching net income.

Operating cash flow of $17.5M exceeded FY2024 net income of $15.5M, indicating reported earnings were not dependent on weak cash conversion. Free cash flow of $16.7M stayed close to operating cash flow, so capital spending consumed little internally generated cash.

Assets expanded from $1.82B to $1.85B while equity increased from $205.7M to $210.6M; growth was funded mainly through liabilities rather than retained capital. FY2024 debt-to-equity was 7.8x and return on assets was 0.8%, showing why modest funding-cost changes can materially affect earnings.

Financial Health Signals

Financial Health Score 59/100

Scored as: Banks peer group

Scored against banks for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Middlefield Banc Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings

Middlefield Banc Corp. earned a return on assets of 0.8% in fiscal year 2024, which is the profit it made on every dollar of assets on its books. This is down from 0.9% the prior year. Earnings ranks banks on that return over three years, and Middlefield Banc Corp. scores 51/100 among other banks.

Growth

Middlefield Banc Corp. reported revenue of $67.9M in fiscal year 2024, against $71.9M in fiscal year 2023. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Middlefield Banc Corp. scores 57/100 among other banks.

Capital

Middlefield Banc Corp. funded 11.4% of its assets with shareholders' equity at the end of fiscal year 2024, holding $210.6M of equity against $1.9B of assets. Capital ranks banks on that cushion, and Middlefield Banc Corp. scores 51/100 among other banks.

Efficiency

Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. Middlefield Banc Corp. scores 34/100 on it among other banks.

Credit Quality

Credit Quality measures the money a bank set aside for loans it expects to go bad, against the size of the loan book it set that money aside for. Middlefield Banc Corp. scores 66/100 on it among other banks.

Stability

Middlefield Banc Corp. reported net income of $15.5M in fiscal year 2024, against $17.4M in fiscal year 2023. Stability ranks banks on how steady net income has been across five years, and Middlefield Banc Corp. scores 95/100 among other banks.

Piotroski F-Score Partial

3/6

Middlefield Banc Corp. passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.13x

For every $1 of reported earnings, Middlefield Banc Corp. generates $1.13 in operating cash flow ($17.5M OCF vs $15.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$19.9M

YoY+18.3%

QoQ-3.1%

5Y CAGR+8.6%

10Y CAGR+10.5%

Middlefield Banc Corp. generated $19.9M in revenue in Q3 2025. This represents an increase of 18.3% from the same quarter a year earlier. Against the prior quarter it is down 3.1%.

Net Income

$5.3M

YoY+127.4%

QoQ-13.6%

5Y CAGR+23.5%

10Y CAGR+10.4%

Middlefield Banc Corp. reported $5.3M in net income in Q3 2025. This represents an increase of 127.4% from the same quarter a year earlier. Against the prior quarter it is down 13.6%.

EPS (Diluted)

$0.65

YoY+124.1%

QoQ-14.5%

5Y CAGR+17.5%

10Y CAGR-3.8%

Middlefield Banc Corp. earned $0.65 per diluted share (EPS) in Q3 2025. This represents an increase of 124.1% from the same quarter a year earlier. Against the prior quarter it is down 14.5%.

EBITDA

Not reported for Q3 2025.

Cash & Balance Sheet

Free Cash Flow

$3.4M

YoY-41.9%

QoQ-19.4%

5Y CAGR+4.0%

10Y CAGR+5.3%

Middlefield Banc Corp. generated $3.4M in free cash flow in Q3 2025, representing cash available after capex. This represents a decrease of 41.9% from the same quarter a year earlier. Against the prior quarter it is down 19.4%.

Dividends Per Share

$0.21

YoY+5.0%

QoQ0.0%

Middlefield Banc Corp. paid $0.21 per share in dividends in Q3 2025. This represents an increase of 5.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

YoY+0.2%

QoQ+0.1%

5Y CAGR+4.9%

10Y CAGR+15.8%

Middlefield Banc Corp. had 8M shares outstanding in Q3 2025. This represents an increase of 0.2% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Cash & Debt

Not reported for Q3 2025.

Margins & Returns

Net Margin

26.8%

YoY+12.8pp

QoQ-3.3pp

5Y change+12.7pp

10Y change-0.4pp

Middlefield Banc Corp.'s net profit margin was 26.8% in Q3 2025, showing the share of revenue converted to profit. This is up 12.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.3 percentage points.

Return on Equity

2.4%

YoY+1.3pp

QoQ-0.5pp

5Y change+1.1pp

10Y change-0.6pp

Middlefield Banc Corp.'s ROE was 2.4% in Q3 2025, measuring profit generated per dollar of shareholder equity. This is up 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.5 percentage points.

Gross Margin

Not reported for Q3 2025.

Operating Margin

Not reported for Q3 2025.

Capital Allocation

Share Buybacks

Middlefield Banc Corp. repurchased no shares in Q3 2025.

Capital Expenditures

$1.4M

YoY+736.6%

QoQ+130.6%

5Y CAGR+36.7%

10Y CAGR+37.4%

Middlefield Banc Corp. invested $1.4M in capex in Q3 2025, funding long-term assets and infrastructure. This represents an increase of 736.6% from the same quarter a year earlier. Against the prior quarter it is up 130.6%.

R&D Spending

Not reported for Q3 2025.

MBCN Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MBCN quarterly income statement

Metric	TTM	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Revenue	$75.9M	$67.9M-5.6%	$71.9M+26.3%	$56.9M+2.8%	$55.4M+12.2%	$49.4M+6.8%	$46.2M+4.6%	$44.2M+4.7%	$42.2M+41.8%	$29.8M+3.3%	$28.8M+5.2%	$27.4M+5.1%	$26.1M+1.3%	$25.8M+10.5%	$23.3M+12.2%	$20.8M
SG&A Expenses	$26.2M	$24.6M+0.5%	$24.5M+39.7%	$17.5M+2.3%	$17.2M+8.3%	$15.8M-5.6%	$16.8M+6.6%	$15.7M+14.5%	$13.8M+3231.2%	$413K-8.4%	$451K+11.9%	$403K0.0%	$403K+4.4%	$386K+22.5%	$315K-95.1%	$6.4M
Interest Expense	$39.1M	$40.6M+61.7%	$25.1M+430.7%	$4.7M+12.7%	$4.2M-54.6%	$9.3M-29.6%	$13.1M+32.6%	$9.9M+49.1%	$6.6M+58.6%	$4.2M+9.7%	$3.8M-6.1%	$4.1M-22.5%	$5.3M-18.6%	$6.4M-25.5%	$8.7M-21.0%	$10.9M
Income Tax	$4.2M	$2.8M-16.6%	$3.4M+5.2%	$3.2M-20.8%	$4.1M+190.1%	$1.4M-45.9%	$2.6M+19.9%	$2.2M-48.8%	$4.2M+121.6%	$1.9M+22.0%	$1.6M-21.6%	$2.0M+0.7%	$2.0M+19.1%	$1.7M+178.9%	$596K+777.3%	-$88K
Net Income	$21.2M	$15.5M-10.6%	$17.4M+10.8%	$15.7M-15.9%	$18.6M+123.2%	$8.3M-34.3%	$12.7M+2.3%	$12.4M+31.5%	$9.5M+47.4%	$6.4M-6.5%	$6.9M-4.4%	$7.2M+2.2%	$7.0M+11.9%	$6.3M+52.1%	$4.1M0.0%	$4.1M
EPS (Basic)	N/A	$1.93-9.8%	$2.14-17.7%	$2.60-13.6%	$3.01+129.8%	$1.31-33.2%	$1.96+2.1%	$1.92-38.5%	$3.12+2.6%	$3.04-10.9%	$3.41-3.1%	$3.52+1.1%	$3.48+5.8%	$3.29+34.3%	$2.45+53.1%	$1.60
EPS (Diluted)	$2.61	$1.92-10.3%	$2.14-17.4%	$2.59-13.7%	$3.00+130.8%	$1.30-33.3%	$1.95+2.1%	$1.91	$3.10+2.3%	$3.03-10.6%	$3.39-3.1%	$3.50+0.9%	$3.47+5.8%	$3.28+33.9%	$2.45	$1.60
Diluted Shares (Avg)	N/A	8M-0.5%	8M+34.4%	6M-2.7%	6M-3.0%	6M-1.5%	7M+0.2%	6M	3M+44.0%	2M+4.7%	2M-1.2%	2M+1.3%	2M+5.6%	2M+13.9%	2M	2M

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Revenue	$19.9M+18.3%	$20.5M+21.8%	$18.0M+7.6%	$17.5M+2.9%	$16.8M-5.4%	$16.8M-11.1%	$16.8M-7.8%	$17.0M+2.9%
SG&A Expenses	$6.9M+11.0%	$6.7M+10.2%	$6.6M+3.5%	$6.0M-9.8%	$6.2M+3.5%	$6.1M+1.5%	$6.3M+8.2%	$6.6M+36.0%
Interest Expense	$10.0M-4.7%	$9.8M-6.8%	$9.4M-2.8%	$9.9M+13.4%	$10.5M+48.4%	$10.5M+91.8%	$9.6M+153.9%	$8.7M+300.5%
Income Tax	$1.1M+190.8%	$1.2M+75.8%	$924K+20.2%	$995K+40.3%	$371K-47.2%	$690K-30.0%	$769K-22.2%	$709K+8.9%
Net Income	$5.3M+127.4%	$6.2M+47.9%	$4.8M+15.9%	$4.8M+36.8%	$2.3M-39.0%	$4.2M-18.2%	$4.2M-14.9%	$3.5M+1.2%
EPS (Basic)	$0.66+127.6%	$0.76+46.2%	$0.60+15.4%	$0.61+41.9%	$0.29-38.3%	$0.52-17.5%	$0.52-13.3%	$0.43-17.3%
EPS (Diluted)	$0.65+124.1%	$0.76+46.2%	$0.60+17.6%	$0.60+36.4%	$0.29-38.3%	$0.52-17.5%	$0.51-15.0%	$0.44-13.7%
Diluted Shares (Avg)	8M+0.7%	8M+0.5%	8M0.0%	N/A	8M-0.2%	8M-0.4%	8M-0.7%	N/A

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

MBCN Balance Sheet

MBCN quarterly balance sheet

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Total Assets	$1.9B+1.7%	$1.8B+8.0%	$1.7B+26.8%	$1.3B-4.4%	$1.4B+17.7%	$1.2B-5.3%	$1.2B+12.8%	$1.1B+40.4%	$787.8M+7.2%	$735.1M+8.5%	$677.5M+4.7%	$647.1M-3.5%	$670.3M+2.4%	$654.6M+3.5%	$632.2M
Cash & Equivalents	N/A	N/A	N/A	N/A	N/A	$35.1M-67.5%	$107.9M+170.6%	$39.9M+22.7%	$32.5M+36.8%	$23.8M-7.4%	$25.6M-2.1%	$26.2M-42.2%	$45.3M+31.9%	$34.4M+12.3%	$30.6M
Short-Term Investments	N/A	N/A	N/A	N/A	N/A	$0	$0	$0	$0	$0-100.0%	$154.3M-1.8%	$157.1M-19.2%	$194.5M+0.3%	$194.0M	$0
Long-Term Investments	N/A	N/A	N/A	N/A	N/A	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$36.4M0.0%	$36.4M+14.6%	$31.7M0.0%	$31.7M+110.6%	$15.1M0.0%	$15.1M0.0%	$15.1M0.0%	$15.1M+230.6%	$4.6M0.0%	$4.6M0.0%	$4.6M0.0%	$4.6M0.0%	$4.6M0.0%	$4.6M0.0%	$4.6M
Total Liabilities	$1.6B+1.6%	$1.6B+8.5%	$1.5B+25.7%	$1.2B-5.0%	$1.2B+19.5%	$1.0B-6.7%	$1.1B+13.5%	$986.5M+38.8%	$710.9M+5.7%	$672.8M+9.6%	$613.7M+3.4%	$593.6M-3.5%	$614.9M+1.2%	$607.3M+2.2%	$594.2M
Total Equity	$210.6M+2.4%	$205.7M+4.0%	$197.7M+36.0%	$145.3M+1.1%	$143.8M+4.4%	$137.8M+7.4%	$128.3M+7.0%	$119.9M+55.7%	$77.0M+23.5%	$62.3M-2.4%	$63.9M+19.4%	$53.5M-3.5%	$55.4M+17.3%	$47.3M+24.3%	$38.0M
Retained Earnings	$109.3M+9.0%	$100.2M+6.5%	$94.2M+12.1%	$84.0M+20.7%	$69.6M+6.9%	$65.1M+16.1%	$56.0M+18.1%	$47.4M+14.8%	$41.3M+11.0%	$37.2M+14.5%	$32.5M+18.4%	$27.5M+22.1%	$22.5M+23.5%	$18.2M+14.9%	$15.8M

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Total Assets	$2.0B+6.5%	$1.9B+5.3%	$1.9B+3.9%	$1.9B+1.7%	$1.9B+3.6%	$1.8B+4.4%	$1.8B+5.1%	$1.8B+8.0%
Goodwill	$36.4M0.0%	$36.4M0.0%	$36.4M0.0%	$36.4M0.0%	$36.4M+0.4%	$36.4M+0.4%	$36.4M+14.6%	$36.4M+14.6%
Total Liabilities	$1.8B+6.5%	$1.7B+5.4%	$1.7B+3.9%	$1.6B+1.6%	$1.6B+3.0%	$1.6B+4.3%	$1.6B+5.1%	$1.6B+8.5%
Total Equity	$224.1M+6.4%	$216.1M+4.5%	$213.8M+4.0%	$210.6M+2.4%	$210.7M+8.8%	$206.8M+4.8%	$205.6M+5.3%	$205.7M+4.0%
Retained Earnings	$120.5M+13.6%	$116.9M+11.0%	$112.4M+9.4%	$109.3M+9.0%	$106.1M+7.4%	$105.3M+9.2%	$102.8M+10.5%	$100.2M+6.5%

Not reported in any period shown, so not listed: Current Assets, Cash & Equivalents, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

MBCN Cash Flow Statement

MBCN quarterly cash flow statement

Metric	TTM	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Operating Cash Flow	$20.3M	$17.5M-21.9%	$22.4M+22.3%	$18.3M+18.6%	$15.4M+2.3%	$15.1M+12.1%	$13.5M-5.8%	$14.3M+2.6%	$13.9M+78.4%	$7.8M+8.6%	$7.2M-3.7%	$7.5M-24.6%	$9.9M-3.7%	$10.3M+12.4%	$9.1M+59.5%	$5.7M
Depreciation & Amortization	N/A	-$78K+27.8%	-$108K+71.0%	-$373K-126.3%	$1.4M+5.8%	$1.3M+29.2%	$1.0M+9.3%	$951K-26.3%	$1.3M+25.8%	$1.0M+5.4%	$973K-7.2%	$1.0M+17.7%	$891K-4.1%	$929K+27.1%	$731K-1.2%	$740K
Stock-Based Compensation	N/A	$714K+82.6%	$391K	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0-100.0%	$10K	N/A	$32K-45.8%	$59K	N/A
Capital Expenditures	$2.7M	$776K-29.2%	$1.1M+24.0%	$884K+46.1%	$605K-43.8%	$1.1M-43.2%	$1.9M-9.7%	$2.1M+74.9%	$1.2M-44.6%	$2.2M+327.2%	$507K-43.8%	$902K-50.8%	$1.8M+84.0%	$997K+71.0%	$583K+78.3%	$327K
Free Cash Flow	$17.6M	$16.7M-21.5%	$21.3M+22.2%	$17.4M+17.5%	$14.8M+5.8%	$14.0M+21.1%	$11.6M-5.1%	$12.2M-4.2%	$12.7M+125.7%	$5.6M-15.6%	$6.7M+1.8%	$6.6M-18.7%	$8.1M-13.2%	$9.3M+8.4%	$8.6M+58.4%	$5.4M
Investing Cash Flow	-$93.1M	-$43.3M+65.8%	-$126.5M-1369.7%	-$8.6M-112.1%	$70.9M+152.4%	-$135.3M-49130.8%	$276K+100.4%	-$76.5M+19.6%	-$95.3M-107.2%	-$46.0M+22.7%	-$59.4M-122.5%	-$26.7M-338.3%	-$6.1M+23.8%	-$8.0M+58.7%	-$19.4M+77.9%	-$87.6M
Financing Cash Flow	$102.6M	$20.8M-81.3%	$111.2M+247.6%	-$75.4M+4.9%	-$79.2M-140.1%	$197.5M+328.2%	-$86.6M-166.4%	$130.3M+46.9%	$88.7M+89.1%	$46.9M-6.8%	$50.4M+169.3%	$18.7M+181.5%	-$23.0M-364.5%	$8.7M-37.9%	$14.0M-80.4%	$71.3M
Dividends Paid	$6.7M	$6.5M-5.9%	$6.9M+25.0%	$5.5M+29.5%	$4.2M+10.6%	$3.8M+4.0%	$3.7M-2.5%	$3.8M+12.5%	$3.4M+44.9%	$2.3M+7.7%	$2.2M+1.5%	$2.1M+1.1%	$2.1M+4.7%	$2.0M+13.5%	$1.8M+7.8%	$1.6M
Share Buybacks	$0	$1.1M-76.6%	$4.5M-26.4%	$6.1M-50.2%	$12.3M+932.0%	$1.2M-46.6%	$2.2M	N/A	N/A	N/A	$6.8M	N/A	N/A	N/A	N/A	N/A

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Operating Cash Flow	$4.8M-19.6%	$4.8M+43.6%	$8.0M+47.4%	$2.7M-65.6%	$6.0M+115.1%	$3.4M-37.6%	$5.4M-15.5%	$7.7M+32.1%
Depreciation & Amortization	-$210K-433.3%	-$269K-30.0%	-$4K-104.1%	-$31K-287.5%	$63K+113.7%	-$207K-223.2%	$97K-49.7%	-$8K+99.4%
Capital Expenditures	$1.4M+736.6%	$624K+500.0%	$273K+196.7%	$408K+973.7%	$172K-65.9%	$104K-64.1%	$92K-65.0%	$38K-84.7%
Free Cash Flow	$3.4M-41.9%	$4.2M+29.0%	$7.7M+44.8%	$2.3M-70.8%	$5.8M+155.1%	$3.3M-36.1%	$5.3M-13.4%	$7.7M+37.3%
Investing Cash Flow	-$17.9M-157.6%	-$30.0M-373.8%	-$26.8M-131.0%	-$18.4M+26.3%	-$7.0M+81.8%	-$6.3M+80.4%	-$11.6M+62.6%	-$25.0M-178.4%
Financing Cash Flow	$43.9M+94.7%	$31.1M+247.1%	$29.9M+455.3%	-$2.3M-118.7%	$22.6M-46.1%	$9.0M-53.7%	-$8.4M-122.5%	$12.6M+111.2%
Dividends Paid	$1.7M+5.1%	$1.7M+5.2%	$1.7M+5.2%	$1.6M-20.1%	$1.6M-0.2%	$1.6M-0.2%	$1.6M+0.5%	$2.0M-19.5%
Share Buybacks	$0	$0	$0-100.0%	$0	$0	$0	$1.1M-76.6%	$0-100.0%

Not reported in any period shown, so not listed: Stock-Based Compensation.

MBCN Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MBCN quarterly financial ratios

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Net Margin	22.9%-1.3pp	24.2%-3.4pp	27.5%-6.1pp	33.6%+16.7pp	16.9%-10.6pp	27.5%-0.6pp	28.1%+5.7pp	22.4%+0.8pp	21.6%-2.3pp	23.8%-2.4pp	26.2%-0.8pp	27.0%+2.6pp	24.4%+6.7pp	17.7%-2.2pp	19.9%
Return on Equity	7.4%-1.1pp	8.4%+0.5pp	7.9%-4.9pp	12.8%+7.0pp	5.8%-3.4pp	9.2%-0.5pp	9.7%+1.8pp	7.9%-0.5pp	8.3%-2.7pp	11.0%-0.2pp	11.2%-1.9pp	13.1%+1.8pp	11.3%+2.6pp	8.7%-2.1pp	10.9%
Return on Assets	0.8%-0.1pp	0.9%0.0pp	0.9%-0.5pp	1.4%+0.8pp	0.6%-0.5pp	1.1%+0.1pp	1.0%+0.1pp	0.9%0.0pp	0.8%-0.1pp	0.9%-0.1pp	1.1%0.0pp	1.1%+0.1pp	0.9%+0.3pp	0.6%0.0pp	0.7%
Debt-to-Equity	7.80-0.1x	7.86+0.3x	7.54-0.6x	8.16-0.5x	8.68+1.1x	7.58-1.1x	8.73+0.5x	8.23-1.0x	9.24-1.6x	10.80+1.2x	9.61-1.5x	11.100.0x	11.09-1.8x	12.85-2.8x	15.63
Asset Turnover	0.040.0x	0.040.0x	0.030.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.03
FCF Margin	24.6%-5.0pp	29.6%-1.0pp	30.6%+3.8pp	26.8%-1.6pp	28.4%+3.4pp	25.0%-2.6pp	27.6%-2.6pp	30.1%+11.2pp	18.9%-4.2pp	23.2%-0.8pp	23.9%-7.0pp	30.9%-5.1pp	36.1%-0.7pp	36.7%+10.7pp	26.0%

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Net Margin	26.8%+12.8pp	30.0%+5.3pp	26.8%+1.9pp	27.8%+6.9pp	13.9%-7.7pp	24.7%-2.2pp	24.9%-2.1pp	20.9%-0.4pp
Return on Equity	2.4%+1.3pp	2.9%+0.8pp	2.3%+0.2pp	2.3%+0.6pp	1.1%-0.9pp	2.0%-0.6pp	2.0%-0.5pp	1.7%-0.1pp
Return on Assets	0.3%+0.1pp	0.3%+0.1pp	0.3%0.0pp	0.3%+0.1pp	0.1%-0.1pp	0.2%-0.1pp	0.2%-0.1pp	0.2%0.0pp
Debt-to-Equity	7.830.0x	7.91+0.1x	7.830.0x	7.80-0.1x	7.82-0.4x	7.840.0x	7.840.0x	7.86+0.3x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x
FCF Margin	17.0%-17.6pp	20.5%+1.1pp	42.9%+11.0pp	12.9%-32.5pp	34.7%+21.8pp	19.4%-7.6pp	31.9%-2.1pp	45.4%+11.4pp

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Middlefield Banc Corp. MBCN	FY2024	$67.9M	$15.5M	22.9%	$273.6M	59/100
Isabella Bank Corporation ISBA	FY2025	$78.5M	$18.9M	24.1%	$285.7M	51/100
Timberland Bancorp Inc TSBK	FY2025	$82.6M	$29.2M	35.3%	$352.0M	58/100
Parke Bancorp Inc. PKBK	FY2025	$79.9M	$37.8M	47.3%	$382.1M	73/100
First United Corp FUNC	FY2025	$88.7M	$24.5M	27.6%	$285.0M	55/100
Primis Financial Corp. FRST	FY2025	$223.8M	$61K	0.0%	$380.7M	28/100

Where Middlefield Banc Corp. Ranks

Frequently Asked Questions

What is Middlefield Banc Corp.'s annual revenue?

Middlefield Banc Corp. (MBCN) reported $67.9M in total revenue for fiscal year 2024. This represents a -5.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Middlefield Banc Corp.'s revenue growing?

Middlefield Banc Corp. (MBCN) revenue declined by 5.6% year-over-year, from $71.9M to $67.9M in fiscal year 2024.

Is Middlefield Banc Corp. profitable?

Yes, Middlefield Banc Corp. (MBCN) reported a net income of $15.5M in fiscal year 2024, with a net profit margin of 22.9%.

What is Middlefield Banc Corp.'s net profit margin?

Middlefield Banc Corp. (MBCN) had a net profit margin of 22.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Middlefield Banc Corp. pay dividends?

Yes, Middlefield Banc Corp. (MBCN) paid $0.80 per share in dividends during fiscal year 2024.

What is Middlefield Banc Corp.'s return on equity (ROE)?

Middlefield Banc Corp. (MBCN) has a return on equity of 7.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Middlefield Banc Corp.'s free cash flow?

Middlefield Banc Corp. (MBCN) generated $16.7M in free cash flow during fiscal year 2024. This represents a -21.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Middlefield Banc Corp.'s operating cash flow?

Middlefield Banc Corp. (MBCN) generated $17.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Middlefield Banc Corp.'s total assets?

Middlefield Banc Corp. (MBCN) had $1.9B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Middlefield Banc Corp.'s capital expenditures?

Middlefield Banc Corp. (MBCN) invested $776K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Middlefield Banc Corp. buy back shares?

Yes, Middlefield Banc Corp. (MBCN) spent $1.1M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Middlefield Banc Corp. have outstanding?

Middlefield Banc Corp. (MBCN) had 8M shares outstanding as of fiscal year 2024.

What is Middlefield Banc Corp.'s debt-to-equity ratio?

Middlefield Banc Corp. (MBCN) had a debt-to-equity ratio of 7.80 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Middlefield Banc Corp.'s return on assets (ROA)?

Middlefield Banc Corp. (MBCN) had a return on assets of 0.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Middlefield Banc Corp.'s Piotroski F-Score?

Middlefield Banc Corp. (MBCN) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Middlefield Banc Corp.'s earnings high quality?

Middlefield Banc Corp. (MBCN) has an earnings quality ratio of 1.13x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Middlefield Banc Corp.?

Middlefield Banc Corp. (MBCN) scores 59 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.