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MainStreet Bancshares Inc - MNSB STOCK NEWS

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

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 MainStreet Bancshares'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 MainStreet Bancshares's position in the market.

News
MainStreet Bancshares Inc. Reports a Profitable First Quarter
Rhea-AI Summary
MainStreet Bancshares Inc. reported a profitable first quarter with a net income of $2.77 million. The company experienced a slight decrease in net interest margin due to increased deposit costs but maintains strong credit quality. MainStreet Bank continues to show low levels of past due and non-performing loans, particularly in the D.C. metropolitan area. The company is focused on improving funding costs and building positive business relationships for future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.46%
Tags
none
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News
MainStreet Bank Appoints Ali Manouchehri to Board of Directors
Rhea-AI Summary
MainStreet Bancshares, Inc. appoints digital technology expert Ali Reza Manouchehri as a director of MainStreet Bank. Manouchehri, CEO of MetroStar Systems, brings extensive federal contracting experience and a successful entrepreneurial background. His appointment reflects the bank's focus on digital innovation and technology initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.17%
Tags
management
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News
MainStreet Bancshares Inc. Delivered Consistent 2023 Earnings Despite Market Turmoil
Rhea-AI Summary
MainStreet Bancshares, Inc. reported net income of $26.6 million for the year ended December 31, 2023, with earnings per share of $3.25. The company's annualized returns for 2023 included a Return on Average Equity (ROAE) of 12.66%, Return on Average Assets (ROAA) of 1.38%, Net Interest Margin (NIM) of 4.08%, Efficiency Ratio of 56.7%, Liquidity Coverage Ratio of 133%, Core Deposit Ratio of 74%, FDIC Insured Deposits / Total Deposits of 77%, Allowance for Credit Losses (ACL) of 1.01%, and Tangible Book Value per Common Share of $23.86. Despite a challenging environment, the company has maintained a steady course, delivering healthy shareholder value and thriving core banking business. Avenu, the company's embedded banking solution, is making progress in attracting and onboarding customers, with Safari Pay as its inaugural client.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.54%
Tags
earnings
News
MainStreet Bank Promotes Tom Floyd to Executive Vice President
Rhea-AI Summary
MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP) promotes Tom Floyd to Executive Vice President while retaining his role as Chief Lending Officer. Floyd's promotion highlights his success as a farsighted strategist, overseeing a team of seasoned lenders and a $1.7 billion loan portfolio. He has been instrumental in positioning both the Bank and its clients to navigate changing interest rate dynamics.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.91%
Tags
none
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News
MainStreet Bank Listed in ICBA Independent Banker's "2023 Best Community Banks to Work For"
Rhea-AI Summary
MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP) and its subsidiary MainStreet Bank have been recognized as a 2023 Best Community Banks to Work For recipient by the Independent Banker magazine. The $2 billion-asset Bank received accolades for its culture that supports teamwork, professional growth, and community outreach. The Bank's non-executive full-time employees completed a workplace survey, and key criteria considered in the selection process included work environment, compensation, leadership and corporate culture, and opportunity for recognition and advancement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.19%
Tags
none
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News
MainStreet Bancshares, Inc., Reports Solid Earnings for 3rd Quarter 2023
Rhea-AI Summary
MainStreet Bancshares reports net income of $6.3 million for Q3 2023, in line with expectations. Cumulative net income for the year reached $21.4 million, a 12.3% increase over 2022. Key metrics include ROAE: 13.80%, ROAA: 1.50%, NIM: 4.28%, Efficiency Ratio: 55.06%, Liquidity Coverage Ratio: 164%, Core Deposit Ratio: 68%, and ACL: 1.01%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
Tags
earnings
News
MainStreet Bank Inaugurates Its Avenu Software as a Service (SaaS) Technology with Its First Client, SafariPay
Rhea-AI Summary
MainStreet Bancshares announces the launch of Avenu's SaaS technology with SafariPay as its first client.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
Tags
none
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News
MainStreet Bancshares, Inc., Reports Continued Strong Financial Performance for 2nd Quarter 2023
Rhea-AI Summary
MainStreet Bancshares, Inc. reported a net income of $6.9 million for Q2 2023, a 17.1% increase from the same period last year. The company's return on average assets is 1.60%, return on average equity is 14.87%, and net interest margin is 4.45%. The efficiency ratio is 53.48%, and the allowance for credit losses is 1.04%. The liquidity coverage ratio is 124% and the core deposit ratio is 74%. MainStreet Bank's loan book increased to $1.66 billion, up 15.7% from last year. The company continues to focus on maintaining strong underwriting standards and benefiting from federal insurance for deposits.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.95%
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none
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News
MainStreet Bancshares, Inc., Reports Record Earnings for 1st Quarter 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.69%
Tags
earnings
News
MainStreet Bancshares Names Two Senior Technology Executives
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.1%
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none
Stock MNSB logo
MainStreet Bancshares Inc

Nasdaq:MNSB

MNSB Rankings

#4120 Ranked by Market Cap
#3920 Ranked by Stock Gains
#1250 Ranked by Dividends

MNSB Stock Data

128.07M
6.04M
9.26%
55.91%
1.9%
Commercial Banking
Finance and Insurance
Link
US
Fairfax

About MNSB

mainstreet bank is an fdic insured fed member community bank headquartered in fairfax, virginia and serving the washington, dc metropolitan area. mainstreet bank mainstreet has 55,000 free atms across the united states and in canada, mexico and the uk. with a robust and easy-to-use online business banking technology, mainstreet has “put our bank” in well over 1,000 businesses in the metropolitan area and across the united states. the bank is not restricted by a conventional branching system, as it can offer business customers the ability to put our bank in your office®. mainstreet has added third party payments as a specialized service along with its robust suite of commercial and business services. mainstreet bank was also the first bank headquartered in the commonwealth of virginia to offer cdars – a solution that provides fdic insurance on deposits up to $50 million. further information on the bank can be obtained by visiting its website at mstreetbank.com.