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Stock impact report

Middlefield Banc Corp. Reports 2019 First Half Financial Results

Middlefield Banc Corp. (MBCN) 
Last middlefield banc corp. earnings: 4/27 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: middlefieldbank.bank/company/mbc9.asp
Company Research Source: Business Wire
MIDDLEFIELD, Ohio--(BUSINESS WIRE)--Middlefield Banc Corp. (NASDAQ: MBCN) today reported financial results for the 2019 first half and second quarter ended June 30, 2019.2019 First Half Financial Highlights versus 2018 First Half (unless noted):Net income increased 10.5% to $6.3 millionEarnings per diluted share increased 9.7% to $1.93 per shareReturn on average equity increased 16 basis points to 9.58%Return on average tangible common equity(1) was 11.02%, in line with the prior yearBook value per share was up 9.1% to $41.41 per shareTangible book value(1) per share was up 11.0% to $36.07 per shareTotal loans increased 5.8% to $998.2 millionTotal interest income improved 13.2% to $27.2 million“Our second quarter financial results demonstrate the strength of our financial model as earnings per diluted share increased 5.2% from the same period a year ago to a second quarter record of $1.01 per diluted share, while our year-to-date tangible book value increased 11.0% to a record $36 Show less Read more
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