Mainstreet Bancshares Inc SEC Filings

MainStreet Bancshares director Patsy I. Rust received an equity grant rather than cash fees. On April 3, 2026, Rust acquired 534 shares of MainStreet Bancshares common stock at a fair value of $22.48 per share as a restricted stock award under the company’s equity incentive plan.

After this grant, Rust directly holds 26,130 common shares and also has indirect ownership of 500 common shares held by her husband, plus 2,000 depositary shares. A footnote explains directors may elect to receive board compensation in restricted stock instead of cash, and this grant reflects that election.

MainStreet Bancshares, Inc. announced that David Murrell has been promoted to Executive Vice President and Chief Banking Officer. In this role, he will oversee strategic initiatives aimed at driving deposit growth and supporting the bank’s $2.2 billion asset base.

Murrell joined MainStreet in 2008 and has over 20 years of banking experience, including work with medical practices, law firms, and government contractors. The company highlights his promotion as part of its focus on organic growth, strong commercial deposits, and community programs within the Washington metropolitan area.

MainStreet Bancshares, Inc. is informing investors that it will host a virtual webcast and quarterly earnings conference call on April 20, 2026 at 2:00 p.m. Eastern Time. During this event, the company plans to discuss its first quarter results and provide an update on recent activities.

Investors interested in attending the webcast are directed to contact Hattie Lester by email or phone to obtain access details. The notice is furnished as a Regulation FD disclosure, aiming to provide broad, fair access to the company’s upcoming earnings discussion.

Higgins Joan Morgan filed an initial Form 3 for MainStreet Bancshares, Inc., reporting beneficial ownership of 246 shares of Common Stock held directly. This filing establishes Morgan’s starting ownership position as an insider associated with MainStreet Bank, without reporting any recent share purchases or sales.

MainStreet Bancshares, Inc., the holding company for MainStreet Bank, has appointed Morgan Higgins to the Bank’s Board of Directors. Higgins is a seasoned financial executive with more than 20 years of experience in banking and government contracting, particularly in defense and government services.

She is a Partner at Blue Delta Capital Partners, leading equity investments in emerging government contracting businesses in the U.S. federal market, and previously served as an Executive Director at JPMorgan Chase focused on aerospace and government services clients. Leadership highlights her experience in strategic growth, finance, and risk mitigation as valuable to expanding MainStreet’s commercial footprint in the Washington, D.C. region, especially in government contracting.

MainStreet Bancshares, Inc. reports steady community banking growth centered in Northern Virginia and the Washington, D.C. metro area. As of December 31, 2025, the company had total assets of $2.21 billion, net loans of $1.8 billion, deposits of $1.9 billion and stockholders’ equity of $218.6 million.

Profitability improved, with return on average assets of 0.73% and return on average equity of 7.33% for 2025, compared with negative results in 2024. Credit quality metrics remain controlled: net charge-offs to average loans were 0.00% in 2025 versus 0.25% in 2024, while non-performing loans totaled $31.5 million and non-performing assets were 1.50% of total assets.

The bank emphasizes relationship-based commercial and real estate lending, robust deposit products and technology-driven delivery, supported by a strong capital position; at year-end 2025 its tier 1 leverage ratio was 13.28% and total risk-based capital ratio 16.08%, qualifying as “well-capitalized.” Management highlights a growing, affluent market, disciplined credit culture, CRE concentration oversight, and ongoing ESG, diversity and community development initiatives.

MainStreet Bancshares, Inc. filed Amendment No. 3 to its 2024 Annual Report to include the full opinion of its independent auditor on internal control over financial reporting and to update Item 9A and related consents and officer certifications.

For 2024, the company reported a net loss of $9.98 million, compared with net income of $26.59 million in 2023, driven largely by a $19.72 million computer software intangible impairment and higher funding costs that cut net interest income to $62.57 million from $76.74 million. Total assets grew to $2.23 billion, loans reached $1.83 billion, deposits rose to $1.91 billion, and year-end stockholders’ equity was $207.99 million. The auditor issued unqualified opinions on both the 2024 financial statements and the effectiveness of internal control over financial reporting.

MainStreet Bancshares, Inc. reported that since the beginning of the year it has repurchased 174,280 shares of its outstanding common stock under its current stock repurchase program. The company paid an average price of $22.45 per share for these buybacks.

The purchases were made in line with the limitations of SEC Rule 10b-18 and other legal requirements. The company stated that its tangible book value was $25.52 as of December 31, 2025. The repurchase program does not obligate any specific amount and may be extended, suspended, or discontinued at any time.

MainStreet Bancshares, Inc. Schedule 13G reports that the MainStreet Bank 401(k) Retirement Plan, through its administrator Richard A. Vari, beneficially owns 383,763 shares of common stock, representing 5.1% of the class as of 12/31/2025.

The filing states the Plan holds shared voting power and shared dispositive power over 383,763 shares. The Plan is subject to ERISA and Delaware Charter Guarantee & Trust Company dba Principal Trust Company serves as Trustee; participants may direct the Trustee how to vote. The certification is signed by Richard A. Vari as Plan Administrator on 02/24/2026.