In the Q3, Middlefield Banc Corp 's corporate clients experienced a reduction by -6.9 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -25.86 %. During the corresponding time, Middlefield Banc Corp recorded a revenue increase by 33.71 % year on year, sequentially revenue fell by -7.25 %. While revenue at the Middlefield Banc Corp 's corporate clients fell by -5.33 % year on year, sequentially revenue grew by 1 %.
Customers of Middlefield Banc Corp saw their costs of revenue decrease by -6.9 % in Q3 compare to a year ago, sequentially costs of revenue were trimmed by -25.86 %, for the same period Middlefield Banc Corp recorded revenue increase by 33.71 % year on year, sequentially revenue fell by -7.25 %.
Middlefield Banc's Comment on Sales, Marketing and Customers
Market Area MBC’s market area in northeastern Ohio consists principally
of Geauga, Portage, Lake, Trumbull, and Ashtabula Counties. Benefitting from the
area’s proximity to Cleveland and Warren, population and income levels have
maintained steady growth over the years. MBC’s two central Ohio branches
are located in Dublin and Westerville in Franklin County, north of Columbus.
Middlefield Banc’s Comment on Sales, Marketing and Customers
Market Area MBC’s market area in northeastern Ohio consists principally
of Geauga, Portage, Lake, Trumbull, and Ashtabula Counties. Benefitting from the
area’s proximity to Cleveland and Warren, population and income levels have
maintained steady growth over the years. MBC’s two central Ohio branches
are located in Dublin and Westerville in Franklin County, north of Columbus.
Sources:
Middlefield Banc Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Middlefield Banc Corp’s corporate clients.
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