Welcome to our dedicated page for Mainstreet Bancshares news (Ticker: MNSB), a resource for investors and traders seeking the latest updates and insights on Mainstreet Bancshares stock.
MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP) is the financial holding company for MainStreet Bank, a business-focused community bank headquartered in Fairfax, Virginia. The company’s news flow centers on its commercial banking operations, financial performance, capital actions, technology initiatives, and community engagement in the Washington, D.C. metropolitan area.
On this page, readers can follow MNSB news related to quarterly and annual financial results, including updates on net interest margin, loan and deposit trends, asset quality, and capital levels as reported in the company’s earnings releases. MainStreet Bancshares regularly issues press releases and files Form 8-Ks to discuss results of operations, investor presentations, and other material information.
News coverage also includes corporate actions and governance developments, such as stock repurchase program authorizations, common and preferred dividend declarations, and changes in leadership or board composition. Recent disclosures describe a new stock repurchase program, repurchases of common shares, the declaration of cash dividends on Series A preferred stock and common stock, and the appointment of a new independent director to the boards of the company and the bank.
Another recurring theme in MainStreet Bancshares’ news is its technology and Banking-as-a-Service strategy. Company releases describe the launch and evolution of the Avenu BaaS platform, a full-stack embedded banking solution designed for fintechs, social media solutions, application developers, money movers, and entrepreneurs. Updates on this initiative appear alongside commentary on how it aligns with the bank’s branch-lite model and digital banking capabilities.
Investors and observers will also find community and philanthropy stories, including details of the Making Change employee-directed giving program, donations to local schools and education programs, and support for animal welfare organizations. These articles provide context on how MainStreet Bank positions itself as a community-oriented institution while operating as a small-cap financial holding company. Bookmark this page to access a consolidated view of MainStreet Bancshares’ press releases and related coverage as they are issued.
MainStreet Bancshares (Nasdaq: MNSB) reported a profitable 2025 with net income of $15.6 million and earnings per common share of $1.76 for the year ended December 31, 2025. The company executed a 209,000-share buyback in Q4 and said both the company and bank remain strongly capitalized.
Net interest margin expanded to 3.46% for 2025, a 33-basis point increase year-over-year. Gross loans rose by $54 million in Q4, and management emphasized expense control and a focus on core banking and asset quality as drivers of future performance.
MainStreet Bancshares (Nasdaq: MNSB, MNSBP) announced that Thomas J. Chmelik will retire as Company Chief Financial Officer on December 31, 2025 and will remain as Senior Executive Vice President and Secretary through December 31, 2027. The company said Bank CFO Alex Vari, CPA will assume the Company CFO role upon Chmelik's retirement.
The release notes Chmelik is a co-founder of MainStreet Bank (opened May 2004), MainStreet Bancshares is listed on the Russell 2000, operates six full-service centers, serves over 1,000 businesses with an in-office bank model, and offers access to over 55,000 free ATMs; it holds an "A" rating from Egan-Jones.
MainStreet Bancshares (Nasdaq: MNSB, MNSBP) reported net income $4.52 million and EPS $0.52 for the quarter ended September 30, 2025, modestly above expectations of $4.48 million and $0.51. The company reported a core net interest margin of 3.54% and said its balance sheet is well-structured for current and anticipated rate changes.
The Board authorized a new $10.0 million stock repurchase program on October 16, 2025, replacing the prior plan; the company and bank remain well capitalized and management highlighted continued lending opportunities and strong asset quality.
MainStreet Bancshares (Nasdaq: MNSB) has appointed Wendy Adeler Hall to its Board of Directors. Hall brings over 30 years of leadership experience in retail business development and marketing, primarily from her role at Adeler Jewelers and the Jorge Adeler Collection.
The Adeler family has been invested in MainStreet Bancshares since its founding over 21 years ago, with Adeler Jewelers being one of the Bank's first customers. Hall replaces Elizabeth Bennett, who retired in 2024, and brings significant community engagement experience, including her role as Chairperson for the Capital Hospice Gala and co-chair of National Alliance for Research Schizophrenia and Depression galas.
MainStreet Bancshares (Nasdaq: MNSB) reported strong Q2 2025 financial results, with net income reaching $4.6 million, marking a significant increase of $2.1 million from the previous quarter. The bank's performance was highlighted by a net interest margin expansion to 3.75%, up 45 basis points quarter-over-quarter.
Net interest income grew to $19.3 million, while earnings per common share reached $0.53. The company maintained a healthy loan-to-deposit ratio of 99% and reported strong asset quality and capital position. Additionally, MainStreet has an active share repurchase plan with $3.1 million in available capacity.
MainStreet Bancshares (Nasdaq: MNSB) has promoted Alex Vari to the position of Executive Vice President and Chief Financial Officer of MainStreet Bank. Vari, a Certified Public Accountant with a Bachelor of Accountancy from the University of North Dakota, has been recognized for his exceptional work in accounting, SEC reporting, and implementing the company's Sarbanes-Oxley internal control framework.
Tom Chmelik will continue serving as CFO of the holding company, MainStreet Bancshares, Inc. The promotion highlights the company's internal talent development and succession planning, with Chmelik having mentored Vari since his transition from public accounting to MainStreet Bank.
MainStreet Bancshares Inc. (MNSB) reported Q1 2025 financial results with net income of $2.5 million and earnings per share of $0.25. The company's net interest margin expanded to 3.30%, up 34 basis points from the previous quarter.
Net interest income after provision for credit losses reached $16.5 million, increasing by $3.9 million quarter-over-quarter. Total deposits remained stable at $1.9 billion, with funding costs improving by 24 basis points to 3.49%. The bank maintains a 96% loan-to-deposit ratio.
Total assets stood at $2.2 billion with gross loans at $1.8 billion. Nonperforming loans remained at $21.7 million, with $11.2 million expected to pay off at par in Q2 2025. The company announced discontinuation of its Avenu technology initiative due to extended timeline for return on invested capital.
MainStreet Bancshares Inc. (MNSB) reported a loss of $9.98 million for 2024, primarily due to the nonrecurring impairment of capitalized intangible software and resolution of nonperforming assets. Despite this, the company maintains strong capitalization and good liquidity.
The company's Avenu Banking-as-a-Service platform, launched in October 2024, faced delays and changes in revenue potential, leading to a full impairment of its capitalized software value. The bank ended 2024 with a net interest margin of 3.13% and achieved 6% loan portfolio growth while resolving 62% of nonperforming loans, with $21.7 million remaining.
Total deposits grew 13% year-over-year to $1.9 billion, with core deposits reaching $1.4 billion (75% of total deposits). The company benefited from three Federal Reserve rate cuts totaling 1.0% during the year.
MainStreet Bancshares, Inc. (Nasdaq: MNSB) has demonstrated its community commitment through its Making Change employee-directed giving program, launched in March 2023. The program allows full-time employees to direct $1,000 to causes they choose, with 27% of donations supporting local schools and education programs. Notable achievements include $75,000 donated to educational initiatives, a $32,000 scholarship fund for Prince William County Public Schools, and a $7,500 donation supporting Fairfax High School DECA students.
The bank, with $2.2 billion in assets, recently launched its Avenu Banking-as-a-Service (BaaS) solution on October 1, 2024, expanding its digital banking capabilities. MainStreet Bank operates with six full-service centers and maintains an investment grade rating of 'A' from Egan-Jones Rating Company.
MainStreet Bancshares Inc (Nasdaq: MNSB) is making an impact through its employee-directed giving program 'Making Change', which allows full-time employees to direct $1,000 in donations to local causes. The program has donated $27,000 to local animal organizations since spring 2023. A notable contribution includes an $11,000 donation to Friends of Homeless Animals in Aldie, Virginia, covering nearly half of their annual pet food budget. The bank's employees also participated in volunteer events at local animal shelters, demonstrating their commitment to animal welfare through corporate giving and volunteerism.
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