Middlefield Banc Corp.

Middlefield Banc Corp.

MBCN
Middlefield Banc Corp.US flagNASDAQ Capital Market
33.67
USD
+0.02
- -
273.63MMarket Cap
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
6.6
6.36
6.61
7.15
7.06
6.97
6.84
7.14
7.74
8.95
9.44
8.87
8.41
7.23
Basic EPS, GAAP
1.64
1.74
1.76
1.7
1.52
1.56
1.92
1.96
1.31
3.01
2.6
2.14
1.92
2.02
Free Cash Flow per Basic Share
2.43
2
1.61
1.66
1.34
2.1
1.89
1.79
2.2
2.39
2.89
2.62
2.07
1.9
Dividend per Share
0.52
0.52
0.52
0.53
0.55
0.55
0.58
0.57
0.6
0.69
0.91
0.85
0.8
0.63
Book Value per Share
14.85
15.48
16.67
18.22
21.18
21.84
21.98
23.44
24.53
27.66
42.34
32.29
33.6
- -
Tangible Book Value per Share
13.25
12.09
14.5
14.31
17.17
16.84
17.16
18.65
19.91
20.83
26.26
20.08
20.88
- -
Basic Weighted Avg Shares
4
4
4
4
4
6
6
6
6
6
6
8
8
8
Sales/Revenue/Turnover
25
26
27
29
30
42
44
46
49
55
57
72
68
58
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
1
1
1
1
1
2
2
2
2
2
- -
1
1
1
Net Income, GAAP
6
7
7
7
6
9
12
13
8
19
16
17
16
16
Effective Tax Rate (%)
20.92
21.97
21.72
18.54
22.89
30.87
14.82
16.94
14.37
17.91
17.04
16.32
15.4
16.47
Profit Margin (%)
24.87
27.39
26.59
23.82
21.56
22.4
28.14
27.5
16.91
33.64
27.53
24.16
22.86
27.9
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
13
12
11
10
9
29
9
14
14
14
13
12
12
- -
Total Equity
55
53
64
62
77
120
128
138
144
145
198
206
211
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
11.83
11.79
11
9.7
7.89
8.53
9.07
8.66
5.42
11.38
7.35
6.72
5.82
12.02

Capital Structure

FRC

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
89
106
- -
LT Borrowings
12
12
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8
8
- -
Market Capitalization
243
242
279

Working Capital

FRC

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
110
122
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
89
106
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.91%
9.57%
2.37%
Free Cash Flow
14.77%
9.01%
-21.49%
Net Income, GAAP
14.33%
14.63%
-10.65%
Sales/Revenue/Turnover
10.36%
8.5%
-5.57%
Total Cash Common Dividend
12.73%
12.64%
-5.93%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
18
19
18
17
72
2024
17
17
17
17
68
2025
18
21
20
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.6
0.63
0.47
0.44
2.14
2024
0.52
0.52
0.29
0.6
1.92
2025
0.6
0.76
0.66
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.2
0.2
0.2
0.25
0.85
2024
0.2
0.2
0.2
0.2
0.8
2025
0.21
0.21
0.21
- -
- -

Company Description

APIChat
CEO
Ronald L. Zimmerly Jr.
Full Time Employees
246
Sector
Financial Services
Industry
Banks - Regional
Address
15985 East High Street Middlefield OH United States of America 44062-0035
IPO Date
Feb 27, 2003
Business
Middlefield Banc Corp. (Nasdaq:MBCN) is a bank holding company for The Middlefield Banking Company, a full-service community bank serving individuals, professionals, small business owners and medium-sized businesses in northeastern, central and western Ohio. The company offers deposit products including checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts and time certificates of deposit; lending products such as commercial loans, real estate loans comprising residential construction, mortgage and professional loans, consumer installment loans for automobiles, boats, home improvements and other personal expenditures, agricultural loans and loans to finance capital purchases for small businesses; and other services encompassing safe deposit boxes, travelers checks, official checks, money orders, ATM access, IRA accounts, online banking and bill payment services for individuals, online cash management services for businesses and investment services through an LPL Financial brokerage office. Middlefield Banc operates 21 full-service banking centers in communities including Ada, Beachwood, Bellefontaine, Chardon, Cortland, Dublin, Garrettsville, Kenton, Mantua, Marysville, Middlefield, Newbury, Orwell, Plain City, Powell, Solon, Sunbury, Twinsburg and Westerville, Ohio, plus a loan production office in Mentor, Ohio. Founded in 1901 and headquartered at 15985 East High Street in Middlefield, Ohio, the company manages approximately $2 billion in assets, $1.6 billion in loans and $1.6 billion in deposits as of late 2025. In October 2025, Middlefield Banc agreed to an all-stock merger with Farmers National Banc Corp. valued at approximately $299 million or $36.17 per share, under which Middlefield shareholders will receive 2.6 shares of Farmers stock for each Middlefield share; the transaction, priced at 163.5% of tangible book value, awaits shareholder and regulatory approvals and is expected to close in the first quarter of 2026, creating a combined entity with nearly $7.4 billion in assets, $5 billion in loans and 84 branches across Ohio and western Pennsylvania.

Company News

APIChat
  • Potomac Bancshares (OTCMKTS:PTBS) vs. Middlefield Banc (NASDAQ:MBCN) Financial Contrast

  • Farmers National Banc Corp. Completes Merger with Middlefield Banc Corp, Adds Two New Board Members

  • Farmers National Banc Corp. and Middlefield Banc Corp. Announce Shareholder Approvals for Merger

  • Middlefield Banc Corp. (MBCN) Misses Q4 Earnings and Revenue Estimates

  • Can Middlefield Banc (MBCN) Keep the Earnings Surprise Streak Alive?

  • Farmers National Banc Corp. and Middlefield Banc Corp. Announce Regulatory Approvals for Merger

  • Independent Proxy Advisory Firm ISS Recommends Shareholders Vote “FOR” Middlefield Banc Corp. Proposed Merger with Farmers National Banc Corp.

  • Farmers National Banc Corp. Reminds Shareholders to Vote on Proposed Merger with Middlefield Banc Corp.

  • Middlefield Banc Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Middlefield Banc Corp. - MBCN

  • Elizabeth Park Capital Advisors Ltd. Purchases 58,576 Shares of Middlefield Banc Corp. $MBCN

  • Halper Sadeh LLC Encourages BLFY, GIFI, MBCN, JAMF Shareholders to Contact the Firm to Discuss Their Rights

  • Middlefield Banc Corp. Announces 2025 Fourth-Quarter Cash Dividend Payment

  • Head to Head Review: HarborOne Bancorp (NASDAQ:HONE) and Middlefield Banc (NASDAQ:MBCN)

  • SHAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Middlefield Banc Corp. (NASDAQ: MBCN)

  • KBRA Comments on Farmers National Banc Corp's Merger Agreement to Acquire Middlefield Banc Corp.

  • Why Middlefield Banc Stock Crushed It Today

  • Middlefield Banc Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Middlefield Banc Corp. - MBCN

  • Shareholder Alert: The Ademi Firm investigates whether Middlefield Banc Corp. is obtaining a Fair Price for its Public Shareholders

  • Middlefield Banc (MBCN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

  • Middlefield Banc Corp. (MBCN) Q3 Earnings and Revenues Top Estimates