MIDDLEFIELD, Ohio, May 22, 2025 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today announced the retirement of Darryl E. Mast from its Board of Directors, effective May 14, 2025. Mr. Mast joined the Middlefield Banking Company’s Board of Directors in 2011 and has been a Director of Middlefield Banc Corp. since 2013. His leadership, insight, and expertise have been integral to the success of Middlefield Banc Corp. and The Middlefield Banking Company, and his contributions have left a lasting imp ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-36613 Middlefield Banc Corp. (Exact Name of Registrant as Specified in its Charter) Oh ...

MIDDLEFIELD, Ohio, May 12, 2025 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today announced that its Board of Directors declared a quarterly cash dividend of $0.21 per common share. The 2025 second-quarter dividend is payable on June 13, 2025, to shareholders of record on May 30, 2025. About Middlefield Banc Corp. Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the Bank holding Company of The Middlefield Banking Company, with total assets of $1.89 billion at March 31, 2025. The ...

Middlefield Banc Corp. (MBCN) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate r ...

Middlefield Banc Corp. (MBCN) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Ind ...

Middlefield Banc Corp. (MBCN) reported $18.04 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 7.6%. EPS of $0.60 for the same period compares to $0.51 a year ago.The reported revenue represents a surprise of +4.59% over the Zacks Consensus Estimate of $17.25 million. With the consensus EPS estimate being $0.48, the EPS surprise was +25.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...

Group 1: Earnings Performance - Middlefield Banc Corp. reported quarterly earnings of $0.60 per share, exceeding the Zacks Consensus Estimate of $0.48 per share, and up from $0.51 per share a year ago, representing an earnings surprise of 25% [1] - The company posted revenues of $18.04 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.59%, compared to year-ago revenues of $16.77 million [2] - Over the last four quarters, Middlefield Banc has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Middlefield Banc shares have declined approximately 8.2% since the beginning of the year, slightly better than the S&P 500's decline of 8.6% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.48 on revenues of $17.85 million, and for the current fiscal year, it is $1.96 on revenues of $70.95 million [7] Group 3: Industry Context - The Zacks Industry Rank for Banks - Northeast is currently in the top 22% of over 250 Zacks industries, indicating a favorable outlook for the sector [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5][6]

Financial Performance - Net income expanded by 15.9% year-over-year to $4.8 million, with earnings per share increasing 17.6% to $0.60 per diluted share[4][9] - Total loans increased by 4% year-over-year to a record $1.55 billion, driven by stable economic trends and strategic initiatives[3] - Total assets increased by 3.9% to $1.89 billion, while total deposits rose by 6.4% to $1.54 billion[9][11] - Stockholders' equity increased by 4.0% year-over-year to $213.8 million, with tangible stockholders' equity at $172.1 million[13][14] - Net income for Q1 2025 was $4,830,000, up from $4,167,000 in Q1 2024, indicating a growth of 15.9%[25] - Basic and diluted net income per common share for Q1 2025 was $0.60, consistent with Q4 2024, and significantly higher than $0.29 in Q3 2024[26] Asset Quality - Nonperforming assets to total assets decreased to 1.56%, showing improvement in asset quality[4][20] - Nonperforming assets decreased to $29,550,000 from $29,984,000 in the previous quarter, reflecting a decline of 1.44%[29] - The allowance for credit losses stood at $22.4 million, or 1.44% of total loans, indicating a proactive approach to credit risk management[19][20] - The allowance for credit losses as a percentage of total loans is 1.44%, down from 1.48% in the previous quarter[29] - Nonperforming loans as a percentage of total loans decreased to 1.91% from 1.97% in the previous quarter[29] Revenue and Income - Total interest and dividend income for Q1 2025 was $25,473,000, an increase from $24,612,000 in Q1 2024, representing a year-over-year growth of 3.5%[25] - Net interest income for Q1 2025 was $16,098,000, compared to $14,969,000 in Q1 2024, reflecting a 7.5% increase[25] - Total noninterest income for Q1 2025 was $1,944,000, a slight increase from $1,796,000 in Q1 2024[25] - The net interest margin for Q1 2025 was 3.69%, up from 3.54% in Q1 2024, reflecting improved profitability on interest-earning assets[28] Dividends and Shareholder Returns - The company declared cash dividends of $0.21 per share, a 5% increase from the previous quarter[15] - The dividend declared per share increased to $0.21 in Q1 2025 from $0.20 in Q4 2024, marking a 5% increase[26] Operational Efficiency - The efficiency ratio for Q1 2025 was 65.22%, compared to 67.93% in Q3 2024, indicating improved operational efficiency[26] - The efficiency ratio improved to 3.01% for interest-bearing liabilities, down from 3.23% in the previous quarter[32] Growth and Projections - The company expects stable economic activity to support loan demand and asset quality throughout 2025[20] - Total assets reached $1,881,536,000, up from $1,822,684,000 in the previous quarter, indicating growth of 3.23%[32] - Total loans reached $1,550,349,000, an increase of 2.0% from $1,519,614,000 in the previous quarter[24] - Cash and cash equivalents stood at $66,870,000, up from $55,792,000, marking a significant increase of 19.0%[24] Infrastructure and Technology - The company plans to make significant upgrades to its infrastructure to support a multi-year technology roadmap[5]

MIDDLEFIELD, Ohio, April 24, 2025 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today reported financial results for the three months ended March 31, 2025. 2025 Three-Month Financial Highlights (on a year-over-year basis): ●Earnings per share increased 17.6% year-over-year to $0.60 per diluted share ●Net interest margin expanded 15 basis points to 3.69% ●Return on average assets (annualized) increased 12 basis points year-over-year to 1.04% ●Asset quality improved from the 2024 fourth quarter w ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yie ...