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. (NASDAQ: MBCN) is a Middlefield, Ohio-based bank holding company for The Middlefield Banking Company, a community-focused commercial bank serving Northeast, Central, and Western Ohio. The news flow around Middlefield covers a mix of financial performance updates, dividend declarations, management changes, and strategic transactions, giving investors and observers insight into how the company manages growth, credit quality, and shareholder returns.
Regular earnings press releases, such as the 2025 six-month and nine-month financial results, detail trends in net interest income, net interest margin, loan growth, deposit growth, noninterest income, noninterest expense, and asset quality metrics. These updates often highlight developments in commercial and industrial lending, commercial real estate exposure, and the composition of deposits, as well as commentary from senior management on strategy and market conditions across the company’s Ohio footprint.
News items also include dividend announcements, with Form 8-K filings and corresponding press releases in 2025 reporting quarterly cash dividends of $0.21 per common share and specifying record and payment dates. In addition, Middlefield periodically announces leadership and staffing changes, such as appointments of commercial market executives and relationship managers in Northeast, Central, and Western Ohio, and retirements from the Board of Directors.
A major recent theme in Middlefield Banc Corp.’s news is its definitive merger agreement with Farmers National Banc Corp., announced in an October 22, 2025 joint press release and described in detail in an October 27, 2025 Form 8-K. Coverage of this transaction focuses on the planned all-stock merger, expected closing timeline, and the combined organization’s projected asset size and branch network, as well as the strategic rationale for expanding across Ohio and Western Pennsylvania.
Visitors to the MBCN news page can review this sequence of press releases and related disclosures to track Middlefield’s financial performance, capital actions, executive decisions, and the progress of its pending merger with Farmers National Banc Corp. over time.
Farmers National Banc Corp (NASDAQ: FMNB) reminded shareholders to vote FOR the proposed merger with Middlefield Banc Corp (NASDAQ: MBCN). Shareholders must vote by February 9, 2026 at 11:59 p.m. ET ahead of a virtual shareholder meeting on February 10, 2026. The Board says the merger would strengthen market position, expand geographic footprint and support future growth, and the Board recommends voting for the merger and all supporting proposals.
The company published a short video explaining the strategic rationale (https://youtu.be/c9yL7YzfgNY) and directs shareholders to proxy materials for voting instructions. For voting help call Alliance Advisors at 1-855-206-1454.
Middlefield Banc Corp (NASDAQ: MBCN) announced a quarterly cash dividend of $0.21 per common share for the 2025 fourth quarter. The dividend is payable on December 12, 2025 to shareholders of record on November 28, 2025.
This provides a direct cash return to shareholders and sets the payment and record dates for investor planning.
Farmers National Banc Corp (NASDAQ: FMNB) agreed to acquire Middlefield Banc Corp (NASDAQ: MBCN) in an all-stock deal valued at $299.0 million with a price-to-tangible-book of 1.6x and estimated TBV dilution earn-back of ~3 years.
The merger, expected to close in 1Q26, creates a proforma bank with $7.4 billion in assets, $5.0 billion in loans, $6.1 billion in deposits and 83 branches. Proforma CET1 is ~11.2% (vs 11.7% at 3Q25) and proforma TCE improves to 6.4% from 5.5%.
Transaction specifics include Middlefield assets of $2.0 billion, deposits of $1.6 billion, a loan credit mark of $28.5 million (1.74% of loans), and an AFS rate mark of $18.9 million accreted over four years. Management targets a proforma ROA of ~1.5% by 2027.
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.
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