Welcome to our dedicated page for Mainstreet Bancshares news (Ticker: MNSBP), a resource for investors and traders seeking the latest updates and insights on Mainstreet Bancshares stock.
MainStreet Bancshares, Inc. Depositary Shares (Nasdaq: MNSBP) are tied to the 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock of MainStreet Bancshares, Inc., the financial holding company for MainStreet Bank. This news page aggregates coverage that helps investors follow developments affecting both the holding company and the preferred Depositary Shares.
Company news releases frequently discuss earnings results, net interest margin trends, asset quality, and capital levels at MainStreet Bancshares, Inc. and MainStreet Bank. These updates provide context for the issuer’s financial condition, which is relevant to holders of the Depositary Shares. Announcements have also covered stock repurchase programs, common stock dividends, and preferred dividend declarations on the Series A Preferred Stock and associated Depositary Shares.
In addition to financial performance, MainStreet Bancshares, Inc. regularly reports on strategic initiatives and corporate actions. Examples include the launch and evolution of the Avenu Banking-as-a-Service platform, executive appointments and promotions, employment and indemnification agreements disclosed in 8-K filings, and board decisions about capital management. These items can influence perceptions of risk, growth prospects, and the stability of the capital structure that includes MNSBP.
News releases also highlight MainStreet Bank’s branch-lite operating model, business and professional lending activities, SBA Preferred Lender status, and digital banking capabilities. Community-focused stories, such as the "Making Change" employee-directed giving program and partnerships with local schools and animal organizations, offer additional insight into the bank’s role in its markets. Investors and observers can use this page to monitor how operational results, governance decisions, and strategic projects may affect the issuer behind the MNSBP Depositary Shares.
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.
MainStreet Bancshares (Nasdaq: MNSB) reported a Q3 2024 loss of -$0.04 per common share, with year-to-date earnings at $0.60 per share. The quarter saw $984,000 in reversed accrued interest income, resulting in a 3.05% quarterly net interest margin. The bank charged off $1.9 million in nonperforming loans and allocated $1 million to provision expense. Total deposits reached $1.9 billion, with core deposits at $1.47 billion. The company launched its Banking-as-a-Service solution, Avenu, targeting fintech partnerships and digital banking expansion.
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