Middlefield Banc Corp ( (MBCN) ) has released its Q2 earnings. Here is a breakdown of the information Middlefield Banc Corp presented to its investors.
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Middlefield Banc Corp, headquartered in Middlefield, Ohio, operates as the bank holding company for The Middlefield Banking Company, offering a range of financial services through its 21 full-service banking centers across Ohio.
Middlefield Banc Corp reported a robust financial performance for the first half of 2025, with significant growth in earnings and asset quality improvements. The company achieved a notable increase in earnings per share, reaching $0.76, marking a 46.2% rise compared to the previous year.
Key financial highlights include a 5.6% increase in total loans to a record $1.58 billion and a 5.3% rise in total assets to $1.92 billion. The net interest margin expanded by 37 basis points to 3.88%, contributing to a 15.6% increase in net interest income. Additionally, the company benefited from a $1.2 million gain on a real estate exchange, enhancing its presence in Central Ohio.
Looking forward, Middlefield Banc Corp remains focused on expanding its market presence in Ohio, investing in technology infrastructure, and enhancing its banking team. The management anticipates continued loan and deposit growth, which is expected to support profitability throughout the remainder of 2025.