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Middlefield Banc Corp. - MBCN STOCK NEWS

Welcome to our dedicated news page for Middlefield Banc (Ticker: MBCN), a resource for investors and traders seeking the latest updates and insights on Middlefield Banc.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Middlefield Banc's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Middlefield Banc's position in the market.

News
Middlefield Banc Corp. Announces 2024 First Quarter Cash Dividend Payment
Rhea-AI Summary
Middlefield Banc Corp. (MBCN) declares a quarterly cash dividend of $0.20 per common share, payable on March 15, 2024, to shareholders of record on March 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.29%
Tags
dividends
-
News
Middlefield Banc Corp. Reports 2023 Full-Year Financial Results
Rhea-AI Summary
Middlefield Banc Corp. (NASDAQ: MBCN) reported a 10.8% increase in net income to a record $17.4 million for the year 2023. Earnings were $2.14 per diluted share, reflecting a 34.5% increase in average diluted shares outstanding. Net interest income increased by 29.9% to a record $65.2 million, supported by a strong net interest margin of 4.04%. Total loans and deposits reached a record high of $1.48 billion and $1.43 billion respectively. The company declared $0.85 per share in dividends, a 4.9% increase. President and CEO Ronald L. Zimmerly, Jr. highlighted the successful integration of the Liberty Bancshares, Inc. merger and the company's expansion into Western and Central Ohio, making Middlefield one of the leading independent community banks in the state. He also emphasized the focus on talent development, strategic adjustments to the operating structure, and enhanced infrastructure to support future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.88%
Tags
earnings
-
News
The Middlefield Banking Company Enhances Leadership Team to Support Continued Growth
Rhea-AI Summary
Middlefield Banc Corp. (NASDAQ: MBCN) announces the promotion of Rebecca Noblit to Chief Credit Officer and the appointment of Michael Cheravitch as Chief Banking Officer to support the Company’s growth across its Central, Western, and Northeast Ohio markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.7%
Tags
management
News
Middlefield Banc Corp. Announces 2023 Fourth Quarter Cash Dividend Payment and Declares a $0.05 Special Cash Dividend Payment
Rhea-AI Summary
Middlefield Banc Corp. (NASDAQ: MBCN) announces a special cash dividend of $0.05 per common share and a regular quarterly cash dividend of $0.20 per common share. The total dividends declared for 2023 amount to $0.85 per share, marking a 5% year-over-year increase. CEO James R. Heslop, II, attributes this increase to the company's strong balance sheet, business model, and commitment to rewarding shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.63%
Tags
dividends
-
News
Middlefield Banc Corp. Announces Chief Executive Officer Transition
Rhea-AI Summary
Middlefield Banc Corp. (NASDAQ: MBCN) appoints Ronald L. Zimmerly, Jr. as the new Chief Executive Officer, succeeding James R. Heslop, II, who will retire. The Company's Board of Directors will reduce in size from 13 to 12 effective December 31, 2023. Zimmerly brings over 35 years of experience in the Ohio community banking industry, and Middlefield aims to continue its legacy of strong financial and operating performance under his leadership.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.63%
Tags
none
-
News
Middlefield Banc Corp. Reports 2023 Nine-Month Financial Results
Rhea-AI Summary
Middlefield Banc Corp. reports financial results for Q3 2023. Net income increased 13.6% to $13.8 million. Total loans and deposits reached record highs. Net interest income increased 38.0% to $49.8 million. Noninterest income increased 17.5% to $5.1 million. Return on average assets and equity decreased. Nonperforming assets improved.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.79%
Tags
earnings
News
Brett Baumeister Joins The Middlefield Banking Company as Senior Vice President – Commercial Lending Western Region
Rhea-AI Summary
Middlefield Banking Company appoints Brett Baumeister as Senior VP - Commercial Lending Western Region
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.03%
Tags
none
-
News
Middlefield Banc Corp. Announces 2023 Third Quarter Cash Dividend Payment
Rhea-AI Summary
Middlefield Banc Corp. (NASDAQ: MBCN) has declared a quarterly cash dividend of $0.20 per common share. The dividend will be payable on September 15, 2023, to shareholders of record on September 1, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.45%
Tags
dividends
-
News
Middlefield Banc Corp. Reports 2023 First Half Financial Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.39%
Tags
earnings
News
The Middlefield Banking Company Expands Commercial Banking Team
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.5%
Tags
none
Stock MBCN logo
Middlefield Banc Corp.

Nasdaq:MBCN

MBCN Rankings

#3866 Ranked by Market Cap
#2825 Ranked by Stock Gains
#946 Ranked by Dividends

MBCN Stock Data

179.22M
7.14M
4.09%
32.22%
1.88%
Commercial Banking
Finance and Insurance
Link
US
Middlefield

About MBCN

the middlefield banking company mbc was chartered under ohio law in 1901. the company became the holding company for mbc in 1988. mbc offers its customers a broad range of banking services, including checking, savings, and negotiable order of withdrawal (“now”) accounts, money market accounts, time certificates of deposit, commercial loans, real estate loans, and various types of consumer loans, safe deposit facilities, and travelers’ checks. mbc offers online banking and bill payment services to individuals and online cash management services to business customers through its website at www.middlefieldbank.com.