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 (MBCN) maintains this comprehensive news hub for investors tracking this Ohio-chartered banking institution's developments. Access verified press releases and financial updates covering strategic initiatives, regulatory compliance matters, and market positioning within the community banking sector.
This resource consolidates essential updates including quarterly earnings reports, leadership changes, and product innovations in commercial lending and digital banking services. Users will find detailed information on deposit growth strategies, loan portfolio management, and community reinvestment programs that demonstrate the company's financial stewardship.
Regular updates include filings with regulatory agencies, analysis of interest rate impacts on banking operations, and developments in cash management solutions for business clients. The curated content enables stakeholders to monitor MBCN's performance against industry benchmarks while maintaining awareness of risk management practices.
Bookmark this page for ongoing access to Middlefield Banc Corp's official communications and third-party analysis of its position within the competitive Midwest banking landscape. Check back regularly for updates on financial results and strategic initiatives that shape this institution's community-focused banking approach.
Middlefield Banc Corp. (NASDAQ: MBCN) is set to celebrate its 10th anniversary of listing on the Nasdaq Stock Market by ringing the Opening Bell on Tuesday, August 27, 2024. The ceremony will be broadcast live starting at approximately 9:15 a.m. ET and can be viewed on Facebook or Nasdaq's website.
Ronald L. Zimmerly, Jr., President and CEO, highlighted the company's achievements since listing on Nasdaq:
- Total assets increased by nearly 170%
- Annual net income grew over 140%
- Returned capital to shareholders through share repurchases and growing dividends
Zimmerly attributed the success to the hard work of employees and their dedication to local Ohio communities.
Middlefield Banc Corp. (NASDAQ: MBCN) has announced a quarterly cash dividend of $0.20 per common share for the third quarter of 2024. The dividend will be payable on September 13, 2024, to shareholders of record as of August 30, 2024. This announcement demonstrates the company's commitment to providing regular returns to its shareholders and maintaining its dividend policy. The consistent dividend payout may be viewed as a positive sign of the bank's financial stability and confidence in its future performance.
Middlefield Banc Corp. (NASDAQ: MBCN) reported financial results for the six months ended June 30, 2024. Net income was $8.3 million, or $1.03 per diluted share, compared to $10.0 million, or $1.23 per diluted share, for the same period last year. Total loans increased 6.3% to a record $1.50 billion, while total deposits grew 2.6% to a record $1.47 billion. The company's asset quality remained stable with nonperforming assets to total assets at 0.87%. The allowance for credit losses was 1.46% of total loans. Middlefield's focus remains on supporting local communities, managing expenses, and maintaining a strong balance sheet amid economic uncertainties.
Middlefield Banc Corp. (NASDAQ: MBCN) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share for the second quarter of 2024.
The dividend will be payable on June 14, 2024, to shareholders who are recorded by May 31, 2024.
Middlefield Banc Corp. (NASDAQ: MBCN) reported financial results for the first quarter of 2024. Net income decreased to $4.2 million, earnings per share decreased to $0.51, and net interest income decreased to $15.1 million. However, noninterest income increased by 6.9%. Total loans and deposits increased, while asset quality remained strong. The company remains focused on strategic growth goals to create lasting value for shareholders.
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