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Middlefield Banc Corp.(MBCN)Earnings, Financials & Key Ratios
MBCN•NASDAQ•Banking & Credit
$33.65
17.5× P/E·Price updated Jun 20, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommercial and middle-market focused banks
AboutMiddlefield 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.Show more
- Net Interest Income$68M+14.3%
- Total Revenue$112M+3.5%
- Net Income$19M+25.1%
- Return on Equity8.82%+18.3%
- Net Interest Margin3.6%+11.3%
- Efficiency Ratio44.94%+2.5%
- ROA1.03%+22.5%
- Equity / Assets12.07%+6.2%
- Book Value per Share28.24+8.4%
MBCN Price & Volume
Middlefield Banc Corp. (MBCN) stock price & volume — 10-year historical chart
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Strategic Expansion Amidst Persistent Margin Compression Risks
Investment Thesis • Updated 2025Q4
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial Position:Healthy
Cash Flow:Stable
Primary Risk:CRE concentration and margin compression
"Middlefield Banc Corp. is navigating a transition into the Columbus metropolitan market, supported by a stable 11% to 12% equity-to-assets ratio that provides a sufficient capital cushion for growth. However, the bank faces significant headwinds from a stagnant 0.9% net interest margin and a heavy reliance on a $1.7 billion investment securities portfolio that exposes the firm to interest rate volatility. Investors should monitor whether the bank can successfully pivot from its current securities-heavy asset structure toward more profitable organic loan growth while managing the volatility inherent in its non-interest income streams."
Verdict Logic
while the bank maintains a healthy 12% equity-to-assets ratio, the stagnant 0.9% net interest margin and high reliance on a $1.7 billion securities portfolio suggest that core operational earnings power remains under pressure.
MBCN Growth Metrics
Middlefield Banc Corp. (MBCN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years13.15%
5 Years13.88%
3 Years22.13%
TTM-
Profit CAGR
10 Years10.96%
5 Years18.39%
3 Years7.41%
TTM25.15%
EPS CAGR
10 Years3.47%
5 Years12.78%
3 Years-2.64%
TTM24.48%
Return on Capital
10 Years9.26%
5 Years8.8%
3 Years6.62%
Last Year2.32%
MBCN Recent Earnings
Middlefield Banc Corp. (MBCN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (60%)●Beat Revenue 3/12 qtrs (33%)
Q2 2026Latest
Apr 23, 2026Metric
Actual
Est
EPS
$0.60-3.2%
$0.62
Rev
—
$19M
Q1 2026
Feb 10, 2026Metric
Actual
Est
EPS
$0.38-36.7%
$0.60
Rev
$19M-2.3%
$20M
Q4 2025
Oct 22, 2025Metric
Actual
Est
EPS
$0.65+1.6%
$0.64
Rev
$20M-0.6%
$20M
Q3 2025
Jul 22, 2025Metric
Actual
Est
EPS
$0.76+33.3%
$0.57
Rev
$21M+8.9%
$19M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $0.60vs $0.62-3.2% | —vs $19M |
| Q1 2026 | Feb 10, 2026 | $0.38vs $0.60-36.7% | $19Mvs $20M-2.3% |
| Q4 2025 | Oct 22, 2025 | $0.65vs $0.64+1.6% | $20Mvs $20M-0.6% |
| Q3 2025 | Jul 22, 2025 | $0.76vs $0.57+33.3% | $21Mvs $19M+8.9% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Middlefield Banc Corp. (MBCN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $33.65 | $335.36M | 17.53 | 3.54% | 17.29% | 8.82% | 2.37% | |
| $44.56 | $209.92M | 13.46 | 5.93% | 16.05% | 9.29% | — | |
| $23.54 | $227.02M | 16.12 | -9.41% | 16.49% | 8% | — | |
| $32.00 | $195.12M | 10.42 | 8.26% | 19.68% | 12.22% | — | |
| $59.77 | $476.56M | 13.43 | 6.13% | 18.69% | 13.31% | — | |
| $75.58 | $364.28M | 24.15 | -6.46% | 12.83% | 7.33% | — |
Compare MBCN vs Peers
Middlefield Banc Corp. (MBCN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MBCN SEC Filings & Documents
Middlefield Banc Corp. (MBCN) SEC filings — annual & quarterly reports (10-K, 10-Q)
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MBCN Frequently Asked Questions
Middlefield Banc Corp. (MBCN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is Middlefield Banc Corp. growing?
Middlefield Banc Corp. (MBCN) grew revenue by 3.5% over the past year. Growth has been modest.
Is MBCN profitable?
Yes, Middlefield Banc Corp. (MBCN) is profitable, generating $19.4M in net income for fiscal year 2025 (17.3% net margin).
Dividend & Returns
Does MBCN pay dividends?
Yes, Middlefield Banc Corp. (MBCN) pays a dividend with a yield of 2.37%. This makes it attractive for income-focused investors.
What is MBCN's return on equity?
Middlefield Banc Corp. (MBCN) has a return on equity (ROE) of 8.8%. This is below average, suggesting room for improvement.
Industry Metrics
What is Middlefield Banc Corp.'s net interest margin?
Middlefield Banc Corp. (MBCN) has a net interest margin (NIM) of 3.6%. This indicates healthy earnings from lending activities.
What is Middlefield Banc Corp.'s efficiency ratio?
Middlefield Banc Corp. (MBCN) has an efficiency ratio of 44.9%. This is excellent, indicating strong cost control.