Middlefield Banc Corp. Announces Nine-Month 2025 Financial Results

Middlefield Banc Corp (NASDAQ: MBCN) reported results for the nine months ended September 30, 2025, showing stronger profitability, asset growth and stable credit metrics. Key 2025 third-quarter highlights include diluted EPS of $0.65, pre-tax, pre-provision earnings up 37.3% to $6.8 million, net interest margin of 3.79%, and record total loans of $1.61 billion and total assets of $1.98 billion. Year-to-date diluted EPS reached $2.01 and book value rose to $27.71 per share. Dividend payments totaled $0.63 per share for the nine months. Management noted continued loan growth, margin expansion, a one-time $1.2 million real estate gain, and ongoing work on a small set of problem loans totaling approximately $5.6 million.

Middlefield Banc Corp (NASDAQ: MBCN) ha riportato i risultati dei nove mesi terminati il 30 settembre 2025, mostrando una redditività più forte, crescita degli asset e metriche creditizie stabili. I principali highlight del terzo trimestre 2025 includono EPS diluito di 0,65 USD, utile ante imposte, ante accantonamenti in aumento del 37,3% a 6,8 milioni, margine di interesse netto del 3,79% e record di prestiti totali di 1,61 miliardi di USD e attivi totali di 1,98 miliardi di USD. L’EPS diluito da inizio anno ha raggiunto 2,01 USD e il valore contabile è salito a 27,71 USD per azione. I pagamenti dei dividendi ammontano a 0,63 USD per azione per i nove mesi. La direzione ha evidenziato una continua crescita dei prestiti, un’espansione dei margini, un guadagno immobiliare una tantum di 1,2 milioni di USD e un lavoro in corso su un piccolo insieme di prestiti problematici per circa 5,6 milioni di USD.

Middlefield Banc Corp (NASDAQ: MBCN) informó resultados para los nueve meses terminados el 30 de septiembre de 2025, mostrando mayor rentabilidad, crecimiento de activos y métricas de crédito estables. Los aspectos más destacados del tercer trimestre de 2025 incluyen EPS diluido de 0,65 USD, resultado antes de impuestos y provisiones sube un 37,3% a 6,8 millones de USD, margen de interés neto del 3,79%, y récord de préstamos totales de 1,61 mil millones de USD y activos totales de 1,98 mil millones de USD. El EPS diluido acumulado en lo que va del año alcanzó 2,01 USD y el libro contable subió a 27,71 USD por acción. Los pagos de dividendos totalizaron 0,63 USD por acción para los nueve meses. La gerencia señaló crecimiento continuo de préstamos, expansión de márgenes, una ganancia inmobiliaria única de 1,2 millones de USD y trabajos continuos en un pequeño conjunto de créditos problemáticos por un total aproximado de 5,6 millones de USD.

Middlefield Banc Corp (NASDAQ: MBCN)는 2025년 9월 30일로 종료되는 9개월 기간의 실적을 발표했고, 수익성 증가, 자산 성장 및 안정적인 신용 지표를 보여주었습니다. 2025년 3분기의 주요 하이라이트로는 희석 주당순이익 0.65달러, 세전, 대손충당금 전 이익이 37.3% 증가한 6.8백만 달러, 순이자마진 3.79%, 그리고 총 대출 16.1억 달러, 총자산 19.8억 달러의 기록을 포함합니다. 연간 누적 희석 주당순이익은 2.01달러에 도달했고 장부가치는 주당 27.71달러로 올랐습니다. 배당금 총액은 9개월 동안 주당 0.63달러였습니다. 경영진은 대출 증가, 마진 확장, 120만 달러의 부동산 일회성 이익, 약 560만 달러에 달하는 문제 대출 소수건에 대한 지속적인 작업을 언급했습니다.

Middlefield Banc Corp (NASDAQ: MBCN) a publié les résultats pour les neuf mois terminés le 30 septembre 2025, montrant une rentabilité plus élevée, une croissance des actifs et des métriques de crédit stables. Les points forts du troisième trimestre 2025 incluent un bénéfice par action dilué de 0,65 USD, un résultat avant impôt et avant provisions en hausse de 37,3% pour atteindre 6,8 millions USD, une marge d’intérêt nette de 3,79%, ainsi que des records de prêts totaux de 1,61 milliard USD et actifs totaux de 1,98 milliard USD. Le bénéfice dilué cumulé à ce jour s’élève à 2,01 USD et la valeur comptable est montée à 27,71 USD par action. La direction a noté une croissance continue des prêts, une expansion des marges, un gain immobilier ponctuel de 1,2 million USD et des travaux en cours sur un petit ensemble de prêts problématiques totalisant environ 5,6 millions USD.

Middlefield Banc Corp (NASDAQ: MBCN) berichtete Ergebnisse für die in neun Monaten zum 30. September 2025 endete Periode und zeigte eine stärkere Rentabilität, Vermögenswachstum und stabile Kreditkennzahlen. Zu den wichtigsten Highlights des dritten Quartals 2025 gehören verwässertes EPS von 0,65 USD, vor Steuern, vor Abdeckung earnings um 37,3% auf 6,8 Mio. USD, Nettomarge der Zinsen von 3,79%, sowie Rekorde bei Gesamtdarlehen von 1,61 Mrd. USD und Gesamtkapital von 1,98 Mrd. USD. Year-to-date verwässertes EPS erreicht 2,01 USD und der Buchwert stieg auf 27,71 USD pro Aktie. Dividendenausschüttungen beliefen sich auf 0,63 USD pro Aktie für die neun Monate. Das Management bemerkte weiterhin Kreditwachstum, Margenexpansion, einen einmaligen Immobiliengewinn von 1,2 Mio. USD und laufende Arbeiten an einer kleinen Gruppe problematischer Kredite in Höhe von ca. 5,6 Mio. USD.

Middlefield Banc Corp (NASDAQ: MBCN) أبلغت عن نتائج الأشهر التسعة المنتهية في 30 سبتمبر 2025، مع ربحية أقوى، ونمو الأصول، ومقاييس ائتمانية مستقرة. تشمل أبرز نقاط الربع الثالث من 2025 ربحية سهم مخفّفـة قدرها 0.65 دولار، الأرباح قبل الضريبة وقبل المخصصات ارتفعت بنسبة 37.3% لتصل إلى 6.8 مليون دولار، وهامش الفائدة الصافية 3.79%، وأرقام قياسية لـ إجمالي القروض بقيمة 1.61 مليار دولار و إجمالي الأصول بقيمة 1.98 مليار دولار. حتى تاريخه، بلغ EPS المخفَّف للسنة 2.01 دولار وزاد قيمة الكتاب إلى 27.71 دولار للسهم. إجمالي توزيعات الأرباح بلغ 0.63 دولار للسهم للمدة التسعة أشهر. أشارت الإدارة إلى نمو مستمر في القروض، وتوسع الهوامش، وربح عقاري لمرة واحدة بقيمة 1.2 مليون دولار، والعمل المستمر على مجموعة صغيرة من القروض المتعثرة تبلغ نحو 5.6 مليون دولار.

Middlefield Banc Corp (NASDAQ: MBCN) 报告截至2025年9月30日的九个月业绩，盈利能力、资产增长和信用指标稳定性更强。2025年第三季度的主要亮点包括 摊薄每股收益0.65美元、税前、拨备前利润增长37.3%至620万美元、净息差3.79%，以及创纪录的 总贷款16.1亿美元 和 总资产19.8亿美元。年初至今的摊薄每股收益为 2.01美元，账面价值上升至每股 27.71美元。九个月股息总额为 每股0.63美元。管理层指出贷款持续增长、利润率扩张、一次性1.2百万美元房地产收益，以及对约 560万美元 的少量问题贷款的持续工作。

Positive

• Third-quarter diluted EPS +124% to $0.65
• Year-to-date diluted EPS +52% to $2.01
• Pre-tax, pre-provision earnings +37.3% to $6.8 million
• Record total loans of $1.61 billion at Sept 30, 2025

Negative

• Quarterly noninterest expense increased ~10% to $13.1 million
• Brokered deposits rose to $108.6 million, up 25.6% year-over-year
• Allowance for credit losses ratio fell to 1.43% of loans at Sept 30, 2025

Insights

Strong quarter: rising margins, loan and deposit growth, and higher book value drove materially better profitability year‑to‑date.

Net interest income expanded to $17.6 million for the quarter and $51.1 million year‑to‑date, with net interest margin widening to 3.79%, supporting third‑quarter diluted EPS of $0.65 and nine‑month EPS of $2.01. Assets and loans reached records at $1.98 billion and $1.61 billion, respectively, while book value rose to $27.71 per share and tangible book value to $22.62 per share.

Key dependencies and risks include concentration within the CRE portfolio (total CRE $700,853 thousand, ~43.5% of loans) and modestly higher brokered deposits at $108.6 million. Asset quality metrics improved year‑over‑year with net recoveries and stable nonperforming loans (~$29.9 million), but a few commercial credits (~$5.6 million) drove recent uptick in nonperforming assets.

Watch near term: the Westerville branch relocation on track to open in fourth quarter of 2025, the trend in loan growth composition (C&I up 26.4% year‑over‑year), and credit remediation outcomes for the identified commercial loans over the next one to two quarters.

10/22/2025 – 07:40 AM

MIDDLEFIELD, Ohio – October 22, 2025 – Middlefield Banc Corp. (NASDAQ: MBCN) reported financial results for the nine months ended September 30, 2025.

**Key Third-Quarter Financial Highlights (Year-over-Year):**

* Third quarter diluted earnings increased to $0.65 per share, driving year-to-date earnings of $2.01 per share.
* Pre-tax, pre-provision earnings increased 37.3% to $6.8 million.
* Net interest margin expanded 33 basis points to 3.79%.
* Total loans increased $102.5 million, or 6.8%, to a record $1.61 billion.
* Total assets increased $121.3 million, or 6.5%, to a record $1.98 billion.
* Book value increased 6.1% to $27.71 from $26.11 per share, while tangible book value increased 8.4% to $22.62 from $20.87 per share.

“Our third quarter performance was exceptionally strong, supported by core earnings growth that reflects margin expansion and disciplined operating expense control,” stated Ronald L. Zimmerly, Jr., President and Chief Executive Officer, in the company’s press release. “These results, combined with steady asset growth and strong asset quality, demonstrate the strength of our community banking model and our commitment to serving customers across our markets. Solid third quarter financial results have driven year-to-date earnings per diluted share to $2.01, increased book value by 6.1% to $27.71 per share, and produced a return on average assets of 1.14%, compared to 0.77% a year ago.”

Zimmerly added, “Continued investments in our operations and talent have strengthened our foundation and positioned Middlefield for sustained performance and shareholder value creation. The relocation of our Westerville office remains on track to open in the fourth quarter of 2025, advancing our multi-year strategy to expand our presence in the Central Ohio region. As we look to the remainder of the year, we are confident 2025 will be another year of profitable growth and progress.”

**Financial Analysis:**

Middlefield Banc Corp.’s latest report paints a picture of a regional bank experiencing substantial growth and improved financial health. A closer look reveals key trends and potential pressure points:

* **Profitability Surge:** The impressive jump in diluted EPS and pre-tax, pre-provision earnings signifies enhanced operational efficiency and effective resource management. This is further supported by the expansion of the net interest margin.
* **Strategic Lending Expansion:** The record total loans underscore the bank’s active engagement in its service areas. Management emphasized commercial and industrial loans to support core deposit growth, hinting at a strategic focus and a deeper understanding of the local business environment.
* **Asset Quality & Credit Remediation:** Despite largely positive asset quality metrics, the $5.6 million in problem commercial real estate loans warrant scrutiny. The bank’s proactive approach to resolving these is key.
* **Expense Management & Brokered Deposits:** Rising operating expenses are a normal sign of growth, expansion, and investments. Investors will want to keep an eye on Middlefield’s brokered deposits which increased 25.6% YoY, possibly to fund growth in its lending portfolio.
* **CRE Portfolio Concentration:** The bank’s concentration in commercial real estate, representing approximately 43.5% of its loan portfolio, introduces a degree of risk. This concentration exposes Middlefield to potential fluctuations in the CRE market.

**Looking Ahead**

Middlefield Banc Corp.’s third quarter results demonstrate effective management and a solid community banking strategy. However, investors should monitor the CRE concentration, expense growth, brokered deposit trends, and outcomes of credit remediation efforts. The success of the Westerville office relocation will be another crucial indicator of future growth prospects.

**MIDDLEFIELD BANC CORP.**
Consolidated Selected Financial Highlights
*(Dollar amounts in thousands, unaudited)*

| | | | **September 30,** | | | | **June 30,** | | | | **March 31,** | | | | **December 31,** | | | | **September 30,** | |
| :—————- | :- | ——– | :—————– | :— | :— | :—– | :————- | :—- | :— | :——- | :————- | :—- | :— | :—– | :————— | :—- | :— | :——- | :—————– | :— |
| **Balance Sheets (period end)** | | | **2025** | | | | **2025** | | | | **2025** | | | | **2024** | | | | **2024** | |
| ASSETS | | | | | | | | | | | | | | | | | | | | |
| Cash and due from banks | | $ | 81,372 | | | $ | 59,145 | | | $ | 56,150 | | | $ | 46,037 | | | $ | 61,851 | |
| Federal funds sold | | | 22,333 | | | | 13,701 | | | | 10,720 | | | | 9,755 | | | | 12,022 | |
| Cash and cash equivalents | | | 103,705 | | | | 72,846 | | | | 66,870 | | | | 55,792 | | | | 73,873 | |
| Investment securities available for sale, at fair value | | | 155,855 | | | | 161,116 | | | | 165,014 | | | | 165,802 | | | | 169,895 | |
| Other investments | | | 1,131 | | | | 1,014 | | | | 1,021 | | | | 855 | | | | 895 | |
| Loans held for sale | | | 209 | | | | 152 | | | | – | | | | – | | | | 249 | |
| Loans: | | | | | | | | | | | | | | | | | | | | |
| Commercial real estate: | | | | | | | | | | | | | | | | | | | | |
| Owner occupied | | | 221,600 | | | | 196,645 | | | | 185,412 | | | | 181,447 | | |