MBCN Stock - Middlefield Banc Corp.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $108.47M | $96.99M | $61.65M | $59.58M | $58.63M |
| Gross Profit | $65.89M | $68.89M | $56.92M | $54.69M | $39.54M |
| Gross Margin | 60.7% | 71.0% | 92.3% | 91.8% | 67.4% |
| Operating Income | $18.34M | $20.75M | $18.89M | $22.70M | $9.75M |
| Net Income | $15.52M | $17.37M | $15.67M | $18.63M | $8.35M |
| Net Margin | 14.3% | 17.9% | 25.4% | 31.3% | 14.2% |
| EPS | $1.93 | $2.14 | $2.60 | $3.01 | $1.31 |
Middlefield Banc Corp. operates as the bank holding company for The Middlefield Banking Company that provides various commercial banking services to small and medium-sized businesses, professionals, small business owners, and retail customers in northeastern and central Ohio. It provides checking, savings, negotiable order of withdrawal accounts, money market accounts, time certificates of deposit, commercial loans, real estate loans, various consumer loans, safe deposit facilities, and travelers' checks. The company also offers operational and working capital, term business, residential construction, professional, and residential and mortgage loans, as well as consumer installment loans for home improvements, automobiles, boats, and other personal expenditures; loans to finance capital purchases; selected guaranteed or subsidized loan programs for small businesses; and agricultural loans. Further, it provides official checks, money orders, ATM services, as well as IRA accounts; online banking and bill payment services to individuals; and online cash management services to business customers. In addition, the company resolves and disposes troubled assets in Ohio. As of December 31, 2021, it has 17 banking centers in Chardon, Newbury, and Middlefield, Garrettsville, Mantua, Orwell, Cortland, Dublin, Westerville, Sunbury, Powell, Beachwood, Solon, Twinsburg, and Plain City; as well as an administrative office in Middlefield, and a loan production office in Mentor. Middlefield Banc Corp. was founded in 1901 and is headquartered in Middlefield, Ohio.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| January 27th 2025 | Hovde Group | Reiterated | Market Perform | $25← $28 |
| May 1st 2024 | Hovde Group | Reiterated | Market Perform | $23← $25 |
| April 1st 2024 | Hovde Group | Resumed | Market Perform | $25 |
| October 13th 2023 | Hovde Group | Initiation | Market Perform | $29 |
| August 31st 2023 | Raymond James | Initiation | Market Perform | - |
| December 21st 2022 | Janney | Initiation | Neutral | $30 |
Earnings History & Surprises
MBCNEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 22, 2026 | — | — | — | — |
Q1 2026 | Jan 22, 2026 | $0.65 | — | — | — |
Q4 2025 | Oct 22, 2025 | $0.64 | $0.65 | +1.6% | ✓ BEAT |
Q3 2025 | Jul 22, 2025 | $0.57 | $0.76 | +33.3% | ✓ BEAT |
Q2 2025 | Apr 24, 2025 | $0.48 | $0.60 | +25.0% | ✓ BEAT |
Q1 2025 | Mar 13, 2025 | — | $0.60 | — | — |
Q4 2024 | Oct 17, 2024 | $0.47 | $0.29 | -38.3% | ✗ MISS |
Q3 2024 | Jul 18, 2024 | $0.40 | $0.52 | +30.0% | ✓ BEAT |
Q2 2024 | Apr 30, 2024 | $0.42 | $0.51 | +21.4% | ✓ BEAT |
Q1 2024 | Mar 28, 2024 | — | $0.44 | — | — |
Q4 2023 | Oct 23, 2023 | $0.58 | $0.47 | -19.0% | ✗ MISS |
Q3 2023 | Jul 24, 2023 | $0.59 | $0.60 | +1.7% | ✓ BEAT |
Q2 2023 | Apr 24, 2023 | $0.60 | $0.60 | 0.0% | = MET |
Q1 2023 | Mar 15, 2023 | — | $0.53 | — | — |
Q4 2022 | Oct 18, 2022 | $0.67 | $0.80 | +19.4% | ✓ BEAT |
Q3 2022 | Jul 18, 2022 | $0.65 | $0.78 | +20.0% | ✓ BEAT |
Q2 2022 | Apr 21, 2022 | $0.62 | $0.65 | +4.8% | ✓ BEAT |
Q1 2022 | Mar 15, 2022 | — | $0.81 | — | — |
Q4 2021 | Oct 18, 2021 | $0.64 | $0.85 | +32.8% | ✓ BEAT |
Q3 2021 | Jul 16, 2021 | $0.57 | $0.70 | +22.8% | ✓ BEAT |
Latest News
Keefe, Bruyette & Woods Reiterates Market Perform on Middlefield Banc, Raises Price Target to $35
➖ NeutralTrading Halt: Halt status updated at 8:00:00 AM ET: Quotation Resumption: News and Resumption Times
➖ NeutralFarmers And Middlefield Boards Approve All-Stock Merger Valued At $299M Enhancing Scale, Operating Leverage, And Competitive Position Across Ohio And Western Pennsylvania
📈 PositiveMiddlefield Banc Q3 EPS $0.65 Beats $0.62 Estimate, Sales $19.889M Beat $19.567M Estimate
📈 PositiveTrading Halt: Halted at 7:35:00 a.m. ET - Trading Halt: Halt News Pending
➖ NeutralFrequently Asked Questions about MBCN
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