- Middlefield Banc Corp. (MBCN, Financial) reported a 17.6% increase in Q1 2025 earnings per share to $0.60.
- Net income rose by 15.9% year-over-year, reaching $4.8 million.
- Quarterly dividend increased by 5% to $0.21 per share.
Middlefield Banc Corp. (MBCN) has announced robust financial results for the first quarter of 2025, showcasing significant growth in key performance metrics. Earnings per share (EPS) jumped by 17.6% to $0.60 compared to the same period last year, a testament to the company’s strategic initiatives and operational efficiencies.
The company reported a net income increase of 15.9% year-over-year, reaching $4.8 million. This increase contributed to an improvement in the return on average assets, which climbed 12 basis points to 1.04%. Moreover, the net interest margin saw a notable expansion of 15 basis points, settling at 3.69%.
Total loans expanded by 4% year-over-year, totaling $1.55 billion, driven by stable growth in residential real estate and home equity products. Total deposits also saw an upsurge, increasing by 6.4% to $1.54 billion, indicating strong customer confidence and banking capabilities.
Middlefield Banc Corp. demonstrated improvements in asset quality, with nonperforming assets dropping to 1.56% of total assets, despite an increase in nonperforming loans to $29.6 million from $10.8 million the previous year. The bank maintained a strong allowance for credit losses at 1.44% of total loans.
The quarterly dividend was raised by 5% to $0.21 per share, reflecting management’s confidence in sustained profitability and its commitment to enhancing shareholder value. The tangible book value per share grew by 5.5% to $21.29.
Middlefield Banc Corp. continues to focus on infrastructure upgrades and technology investments, positioning itself for future growth and operational efficiency. The company’s liquidity remains strong, with $346.9 million in additional borrowing capacity, supporting its long-term growth strategies.
