Middlefield Banc Corp Stock Price, News & Analysis

Farmers National Banc Corp (NASDAQ: FMNB) agreed to acquire Middlefield Banc Corp (NASDAQ: MBCN) in an all-stock merger, with each Middlefield share converting into 2.6 shares of Farmers. Based on Farmers' Oct 20, 2025 close of $13.91, the deal is valued at approximately $299.0 million or $36.17 per Middlefield share. The combined franchise is expected to have about $7.4 billion in assets and 83 branches across Ohio and western Pennsylvania.

The merger is expected to be tax-free, unanimously approved by both boards, and to close by the end of Q1 2026, subject to shareholder and regulatory approvals. Farmers expects the transaction to be accretive to pro forma TCE/TA and to add scale, expanded markets (including Columbus), and two Middlefield directors on Farmers’ board upon closing.

Middlefield Banc Corp (NASDAQ: MBCN) reported results for the nine months ended September 30, 2025, showing stronger profitability, asset growth and stable credit metrics. Key 2025 third-quarter highlights include diluted EPS of $0.65, pre-tax, pre-provision earnings up 37.3% to $6.8 million, net interest margin of 3.79%, and record total loans of $1.61 billion and total assets of $1.98 billion. Year-to-date diluted EPS reached $2.01 and book value rose to $27.71 per share. Dividend payments totaled $0.63 per share for the nine months. Management noted continued loan growth, margin expansion, a one-time $1.2 million real estate gain, and ongoing work on a small set of problem loans totaling approximately $5.6 million.

Middlefield Banc Corp (NASDAQ: MBCN) announced on October 3, 2025 that Tim Oyster was appointed VP, Western Ohio Commercial Relationship Manager. Oyster will provide strategic commercial banking advice to business clients in Western Ohio to improve cash flow, finance assets, and mitigate risk. He brings 26 years of banking experience, most recently serving as Vice President, Commercial Lending at The Fahey Banking Company from 2021–2025. The hire supports Middlefield’s stated expansion of commercial banking capabilities and local client-focused services.

Middlefield Banc Corp. (NASDAQ: MBCN) has announced its quarterly cash dividend for the third quarter of 2025. The Board of Directors has declared a dividend of $0.21 per common share. Shareholders who are on record as of August 29, 2025, will receive the dividend payment on September 12, 2025.

Middlefield Banc Corp. (NASDAQ: MBCN) has announced significant additions to its banking team, strengthening its commercial banking capabilities across Ohio markets. The company has appointed John Cunningham as Northeast Ohio Commercial Market Executive, Thomas Young as Northeast Ohio Commercial Relationship Manager, and Nick Paradiso as Central Ohio Commercial Relationship Manager.

The appointments come as Jack Gregorin retires after a 43-year banking career, including seven years as Middlefield's Northeast Ohio Commercial Relationship Manager. All new appointees bring extensive banking experience and strong community connections, with Cunningham having nearly 30 years of experience, Young bringing significant analytical expertise, and Paradiso contributing over 15 years of commercial lending experience.

Middlefield Banc Corp. (NASDAQ: MBCN) reported strong financial results for the six months ended June 30, 2025. Second-quarter highlights include a 46.2% increase in earnings per share to $0.76, and a 37 basis point expansion in net interest margin to 3.88%.

The bank achieved record levels with total loans increasing 5.6% to $1.58 billion and total assets growing 5.3% to $1.92 billion. Asset quality improved with nonperforming assets to total assets decreasing to 1.30%. The company completed a real estate exchange in Westerville, Ohio, resulting in a $1.2 million one-time gain.

Notable improvements include an 8.4% year-over-year increase in deposits to $1.59 billion and a 4.3% increase in book value to $26.74 per share. The company also increased its quarterly cash dividend by 5% to $0.21 per share.

Middlefield Banc Corp. (NASDAQ: MBCN) announced the retirement of Darryl E. Mast from its Board of Directors, effective May 14, 2025. Mast, who joined The Middlefield Banking Company's Board in 2011 and became a Director of Middlefield Banc Corp. in 2013, has been recognized for his leadership and contributions to the company's success. Following his departure, the Board will operate with 11 members, as his position will not be replaced.

Middlefield Banc Corp. (NASDAQ: MBCN) has declared a quarterly cash dividend of $0.21 per common share for the second quarter of 2025. The dividend will be paid on June 13, 2025, to shareholders who are on record as of May 30, 2025.

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.