Middlefield Banc Corp Stock Price, News & Analysis

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.

Middlefield Banc Corp. (NASDAQ: MBCN) has announced a 5% increase in its quarterly cash dividend to $0.21 per common share for the first quarter of 2025. The dividend will be paid on March 14, 2025, to shareholders of record as of February 28, 2025.

According to President and CEO Ronald L. Zimmerly, Jr., this increase reflects the company's strong capital position and growing profitability. The company's regular dividend has shown significant growth, increasing by 47.4% from $0.57 per share in 2019 to a current annualized rate of $0.84, demonstrating the Board's commitment to returning excess capital to shareholders.

Middlefield Banc Corp. (MBCN) reported strong financial results for Q4 2024, with earnings increasing 36.4% year-over-year to $0.60 per diluted share. The company achieved a record total loan portfolio of $1.52 billion, representing a 2.8% increase year-over-year.

Key highlights include a 26 basis point year-over-year increase in return on average assets to 1.04%, and book value growth of 2.6% to $26.08 per share. The company returned $7.5 million to shareholders through dividends and share repurchases. Total assets increased 1.7% to $1.85 billion, while deposits grew 1.3% to $1.45 billion.

Net interest income for 2024 decreased to $60.7 million from $65.2 million in 2023, with net interest margin declining to 3.52% from 3.97%. Asset quality metrics showed nonperforming assets at 1.62% of total assets, with an allowance for credit losses at 1.48% of total loans.

Middlefield Banc Corp. (NASDAQ: MBCN) has announced its fourth-quarter dividend payment for 2024. The Board of Directors has declared a quarterly cash dividend of $0.20 per common share. Shareholders who are on record as of November 29, 2024, will receive the dividend payment on December 13, 2024.

Middlefield Banc Corp. (NASDAQ: MBCN) reported financial results for the nine months ended September 30, 2024. Key highlights include:

• Net income of $10.7 million, down from $13.8 million year-over-year
• Earnings of $1.32 per diluted share, compared to $1.70 per diluted share
• Total loans increased 3.9% to a record $1.50 billion
• Total deposits increased 3.8% to a record $1.51 billion
• Nonperforming assets to total assets increased to 1.62% from 0.75%
• Book value increased 9.1% to $26.11 per share

The company reported record total assets and deposits, as well as a record book value per share. However, higher charge-offs and non-performing loans associated with one customer impacted earnings. The provision for credit losses increased during the third quarter, reducing after-tax earnings by $0.12 per diluted share.