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. was an Ohio bank holding company for The Middlefield Banking Company before its completed merger into Farmers National Banc Corp.; Middlefield Bank was subsequently merged into The Farmers National Bank of Canfield. Company news for MBCN centers on the former banking franchise, including operating and financial results, cash dividend declarations, shareholder voting and governance matters, and the completed corporate transaction that ended Middlefield's separate public-company status.
Farmers National Banc Corp (NASDAQ: FMNB) completed the merger with Middlefield Banc Corp on March 2, 2026, combining The Middlefield Banking Company into Farmers National Bank.
Post-merger, Farmers reports over $7.4 billion in banking assets, $4.7 billion in wealth management assets under care, and operates 83 branches. Two Middlefield directors joined Farmers’ board.
Middlefield Banc Corp (NASDAQ: MBCN) reported results for the twelve months ended December 31, 2025, and said it expects its merger with Farmers National Banc Corp to close in Q1 2026. Net income was $19.4 million ($2.39 diluted EPS); net interest income rose to $68.5 million and total assets reached $1.90 billion. The company recorded higher noninterest expense partly from $1.8 million of merger-related costs. Stockholders' equity increased to $229.6 million and the company declared $0.84 per share in cash dividends for 2025.
Farmers National Banc Corp (NASDAQ: FMNB) and Middlefield Banc Corp (NASDAQ: MBCN) announced that shareholders of both companies approved a merger that will combine Middlefield into Farmers. The companies said the Merger is expected to close during the first quarter of 2026.
Middlefield Banc Corp (NASDAQ: MBCN) declared a quarterly cash dividend of $0.21 per common share for the 2026 first quarter. The dividend is payable on February 27, 2026 to shareholders of record as of February 17, 2026.
Farmers National Banc Corp (NASDAQ: FMNB) and Middlefield Banc Corp (NASDAQ: MBCN) announced they have received all required regulatory approvals to complete the proposed merger of Middlefield into Farmers under the Agreement and Plan of Merger dated October 22, 2025.
The companies expect to complete the Merger during the first quarter of 2026.
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.