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Stock impact report

Middlefield Banc Corp. Reports 2024 Nine-Month 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: GlobeNewswire
MIDDLEFIELD, Ohio, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today reported financial results for the nine months ended September 30, 2024. 2024 Nine-Month Financial Highlights (on a year-over-year basis): Net income was $10.7 million, compared to $13.8 millionPre-tax, pre-provision net income(1) was $14.7 million, compared to $19.0 millionEarnings were $1.32 per diluted share, compared to $1.70 per diluted shareNet interest income after the provision for credit losses was $42.9 million, compared to $47.4 millionNoninterest income increased 4.1% to $5.3 million, compared to $5.1 millionTotal loans increased 3.9% to a record  $1.50 billion, compared to $1.45 billionTotal deposits increased 3.8% to a record $1.51 billion, compared to $1.46 billionReturn on average assets annualized was 0.77%, compared to 1.06%Return on average equity annualized was 6.90%, compared to 9.43%Return on average tangible common equity(1) was 8.68%, compared to 11.92%Nonperfor Show less Read more
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