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Middlefield Banc Corp   (MBCN)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $23.8900 $0.19 0.802%
Day's High: $24.46 Week Perf: 1.23 %
Day's Low: $ 23.89 30 Day Perf: -9.92 %
Volume (M): 8 52 Wk High: $ 37.00
Volume (M$): $ 184 52 Wk Avg: $27.31
Open: $23.99 52 Wk Low: $22.09



 Market Capitalization (Millions $) 195
 Shares Outstanding (Millions) 8
 Employees -
 Revenues (TTM) (Millions $) 69
 Net Income (TTM) (Millions $) 17
 Cash Flow (TTM) (Millions $) -63
 Capital Exp. (TTM) (Millions $) 1

Middlefield Banc Corp

Middlefield Banc Corp. Incorporated in 1988 under the Ohio General Corporation Law, Middlefield Banc Corp. (“Company”) is a bank holding company registered under the Bank Holding Company Act of 1956. The Company’s subsidiaries are:

The Middlefield Banking Company (“MBC”), an Ohio-chartered commercial bank that began operations in 1901. MBC engages in a general commercial banking business in northeastern and central Ohio. The principal executive office is located at 15985 East High Street, Middlefield, Ohio 44062-0035, and its telephone number is (440) 632-1666.

EMORECO Inc., an Ohio asset resolution corporation headquartered in Middlefield, Ohio. EMORECO engages in the resolution and disposition of troubled assets in central Ohio. The principal executive office is located at 15985 East High Street, Middlefield, Ohio 44062-0035, and its telephone number is (440) 632-1666.

The Middlefield Banking Company MBC was chartered under Ohio law in 1901. MBC offers customers a broad range of banking services including checking, savings, negotiable order of withdrawal (“NOW”) accounts, money market accounts, time certificates of deposit, commercial loans, real estate loans, a variety of consumer loans, safe deposit facilities, and travelers’ checks. MBC offers online banking and bill payment services to individuals and online cash management services to business customers through its website at www.middlefieldbank.com.

Engaged in general commercial banking in northeastern and central Ohio, MBC offers these services principally to small and medium-sized businesses, professionals, small business owners, and retail customers. MBC has developed a marketing program to attract and retain consumer accounts and to match banking services and facilities with the needs of customers.

MBC’s loan products include operational and working capital loans, loans to finance capital purchases, term business loans, residential construction loans, selected guaranteed or subsidized loan programs for small businesses, professional loans, residential and mortgage loans, and consumer installment loans to purchase automobiles, boats, make home improvements, and other personal expenditures. Although the bank makes agricultural loans, it currently has no significant agricultural loans.

EMORECO Organized in 2009 as an Ohio corporation under the name EMORECO, Inc. and wholly owned by the Company, the purpose of the asset resolution subsidiary is to maintain, manage, and dispose of nonperforming loans and other real estate owned (“OREO”) acquired by the subsidiary bank as the result of borrower default on real estate-secured loans. At December 31, 2015, EMORECO’s assets consist of one nonperforming loan and five OREO properties. According to Federal law governing bank holding companies, the real estate must be disposed of within two years of acquisition, although limited extensions may be granted by the Federal Reserve Bank. Per federal law, a holding company subsidiary has limited real estate investment powers. EMORECO may only manage and maintain property and may not improve or develop property without advance approval of the Federal Reserve Bank.



   Company Address: 15985 East High Street Middlefield 44062 OH
   Company Phone Number: 632-1666   Stock Exchange / Ticker: NASDAQ MBCN
   


Customers Net Income fell by MBCN's Customers Net Profit Margin fell to

-6.33 %

17.2 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK   -0.33%    
CFG   -1%    
FCNCA        0.04% 
FITB   -2.51%    
MTB   -1.61%    
NTRS        1.27% 
• View Complete Report
   



Dividend

Middlefield Banc Corp. Announces 2024 First Quarter Cash Dividend Payment ?? Underscoring Commitment to Shareholders

Published Tue, Feb 13 2024 1:01 PM UTC


Middlefield Banc Corp. has recently declared a quarterly cash dividend of $0.20 per common share, further validating the company's dedication to rewarding its shareholders. The dividend is set to be paid on March 15, 2024, to shareholders who are on record as of March 1, 2024.
This announcement comes at a time when Middlefield Banc Corp's 12-month dividend payout ra...

Middlefield Banc Corp

Middlefield Banc Corp Soars with Stunning Double Digit Revenue Surge in Q3 2023

Middlefield Banc Corp (NASDAQ: MBCN) experienced a decline in income during the third quarter of the 2023 earnings season, despite significant revenue growth. The income per share dropped by 35.62% to $0.47 per share, while revenue increased by 17.759% to $16.66 million compared to the same period last year.
Although the income decline is a concern, Middlefield Banc Corp's revenue growth in the third quarter of 2023 aligns favorably with its peers in the Regional Banks industry, which on average saw a 1.19% increase in top-line growth during the same period.

Dividend

Middlefield Banc Corp Reports 5% Year-over-Year Increase in Dividends for 2023, Strengthening Shareholder Value

Published Tue, Nov 14 2023 1:02 PM UTC


Sophisticated
Middlefield Banc Corp, a reputable financial institution, recently made an exciting announcement regarding its dividends for the year 2023. The company has declared a total dividend of $0.85 per share, which represents a significant 5% increase compared to the previous year. This news comes as a delight to shareholders, as it reflects the company's co...

Middlefield Banc Corp

Middlefield Banc Corp Sees Profit Dip, but Revenue Skyrockets in Latest Fiscal Period



Middlefield Banc Corp recently unveiled its financial results for the period between April and June 30, 2023. While the company recorded a decrease in net profit per share, it witnessed a significant rise in revenue compared to the same period in 2022. This article will delve into these financial results and ponder how they might impact the company moving forward.
Net Profit and Revenue:
Middlefield Banc Corp announced a net profit per share of $0.63 for the April-June 2023 quarter. This figure represents a decline from the $0.70 per share earned during the same quarter in 2022. Despite this decrease, the company experienced a substantial 35.202% increase in revenue, reaching $17.68 million during the period.

Middlefield Banc Corp

Middlefield Banc Corp Executes Remarkable Fiscal First Quarter, Announces Increased Revenue and Net Profits

Middlefield Banc Corp, a regional bank in the United States, recently announced its financial results for the fiscal interval ending March 31, 2023. The company reported earnings per share (EPS) of $0.60 and revenue of $16.50 million. While the revenue saw a significant increase of 37.355% in the corresponding period, MBCN's profits decreased to $0.60 per share, compared to $0.65 per share in the same period the previous year.
Despite the decrease in profit per share, Middlefield Banc Corp realized net profits of $4.896 million in the fiscal first quarter of 2023, representing a 27.73% increase from the net earnings of $3.833 million reported in the same period a year ago. The company's focus on improving sales in the first quarter resulted in a net margin of 27.69%. However, operating earnings saw a significant rise of 27.8% and totaled $5.885 million.






 

Middlefield Banc's Segments
 
 
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