$MBCN Market Cap: $216.4 Million
Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue
$75.82M
TTM
Gross Margin
Net Earnings
$15.52M
TTM
Current Assets
Current Liabilities
$13.04M
Q4 2024
Current Ratio
Total Assets
$1.853B
Q4 2024
Total Liabilities
$1.643B
Q4 2024
Book Value
$210.6M
Q4 2024
Cash
$55.79M
Q4 2024
P/E
13.95
Apr 09, 2025 EST
Free Cash Flow
$14.44M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Revenue $67.89M $90.30M $54.91M $52.34M $52.64M $54.53M $50.36M $44.00M $29.99M $28.60M $27.87M
YoY Change -24.81% 64.46% 4.91% -0.58% -3.46% 8.28% 14.46% 46.68% 4.89% 2.59%

Expenses

Cost Of Revenues

No data

Gross Profit

No data

Gross Profit Margin

No data

Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Revenue $67.89M $90.30M $54.91M $52.34M $52.64M $54.53M $50.36M $44.00M $29.99M $28.60M $27.87M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

No data

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

No data

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

No data

Operating Expenses Total

No data

Operating Profits/Loss

No data

Operating Profits/Loss YoY Change

No data

Operating Earnings to Gross Profit Ratio

No data

Operating Profit Margin

No data

Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.600M $1.500M $1.300M $1.400M $1.300M $1.000M $951.0K $876.0K $735.0K $715.0K $750.0K $890.0K $930.0K $730.0K $740.0K $680.0K $650.0K $600.0K $580.0K
YoY Change 6.67% 15.38% -7.14% 7.69% 30.0% 5.15% 8.56% 19.18% 2.8% -4.67% -15.73% -4.3% 27.4% -1.35% 8.82% 4.62% 8.33% 3.45% 28.89%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Operating Profit To Gross Profit
Operating Profit To Revenue

Interest Expenses

Interest Expenses To Operating Income %

No data

Other Expense/Income

No data

Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Interest Expense $40.58M $25.10M $4.729M $4.065M $9.250M $13.14M $9.909M $6.647M $4.190M $3.820M $4.070M
YoY Change 61.69% 430.73% 16.33% -56.05% -29.6% 32.61% 49.07% 58.64% 9.69% -6.14%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Pretax Income $18.34M $20.76M $18.89M $22.70M $9.750M $15.30M $14.59M $13.68M $8.321M $8.427M $9.172M $9.010M $7.940M $4.730M $2.430M $1.710M $3.000M $4.170M $5.360M
YoY Change -11.62% 9.86% -16.76% 132.8% -36.29% 4.87% 6.7% 64.37% -1.26% -8.12% 1.8% 13.48% 67.86% 94.65% 42.11% -43.0% -28.06% -22.2% 4.69%
Income Tax $2.825M $3.387M $3.220M $4.065M $1.401M $2.592M $2.162M $4.222M $1.905M $1.562M $1.992M $1.980M $1.660M $600.0K -$90.00K -$70.00K $390.0K $800.0K $1.470M
% Of Pretax Income 15.4% 16.32% 17.04% 17.91% 14.37% 16.94% 14.82% 30.87% 22.89% 18.54% 21.72% 21.98% 20.91% 12.68% -3.7% -4.09% 13.0% 19.18% 27.43%
Net Earnings $15.52M $17.37M $15.67M $18.63M $8.349M $12.71M $12.43M $9.455M $6.416M $6.865M $7.180M $7.030M $6.280M $4.130M $2.520M $1.780M $2.620M $3.380M $3.880M
YoY Change -10.65% 10.81% -15.89% 123.18% -34.32% 2.25% 31.48% 47.37% -6.54% -4.39% 2.13% 11.94% 52.06% 63.89% 41.57% -32.06% -22.49% -12.89% 4.86%
Net Earnings / Revenue 22.86% 19.23% 28.55% 35.6% 15.86% 23.31% 24.69% 21.49% 21.39% 24.01% 25.76%
Basic Earnings Per Share $1.93 $2.14 $2.60 $3.01 $1.31 $1.96 $1.92 $3.12 $3.04 $3.41 $3.52
Diluted Earnings Per Share $1.92 $2.14 $2.59 $3.00 $1.30 $1.95 $1.91 $3.10 $3.03 $3.39 $3.50 $1.736M $1.640M $1.226M $800.0K $574.2K $847.9K $1.073M $1.281M

Assets & Liabilities

Cash & Short-Term Investments

No data

Cash & Equivalents

Cash To Operating Expenses Ratio

No data

Inventory

No data

Receivables

No data

Total Short-Term Assets

No data

Property, Plant And Equipment

Long-Term Investments

No data

Total Long-Term Assets

No data

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

No data

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

No data

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $20.57M $21.34M $21.96M $18.10M $19.10M $18.80M $13.00M $11.90M $11.20M $9.800M $10.00M $9.800M $8.700M $8.300M $8.200M $8.400M $8.400M $7.000M $6.700M
YoY Change -3.63% -2.83% 21.33% -5.24% 1.6% 44.62% 9.24% 6.25% 14.29% -2.0% 2.04% 12.64% 4.82% 1.22% -2.38% 0.0% 20.0% 4.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.237M $9.454M $1.700M $1.100M $400.0K $1.500M $3.700M $200.0K $600.0K $2.600M $1.600M $1.800M $1.400M $800.0K
YoY Change -2.3% 456.12% 54.55% 175.0% -59.46% 1750.0% -66.67% -76.92% 62.5% -11.11% 28.57% 75.0%
Total Long-Term Assets
YoY Change
Total Assets $1.853B $1.823B $1.688B $1.331B $1.392B $1.183B $1.248B $1.106B $787.8M $735.1M $677.5M $647.1M $670.3M $654.6M $632.2M $558.7M $467.8M $434.3M $340.9M
YoY Change
Accounts Payable $13.04M $15.74M $878.0K $200.0K $600.0K $900.0K $300.0K $400.0K
YoY Change -17.12% 1692.48% 339.0% -66.67% -33.33% -25.0%
Accrued Expenses $7.904M $5.163M $3.100M $2.300M $2.400M
YoY Change 53.09% 66.55% 34.78% -4.17%
Deferred Revenue
YoY Change
Short-Term Debt $65.00M $0.00 $100.0K $400.0K $4.700M $68.40M $35.80M $14.80M $10.80M $6.500M $7.400M $7.600M $6.800M $1.900M $1.500M $1.600M
YoY Change -100.0% -75.0% -91.49% -93.13% 91.06% 141.89% 37.04% 66.15% -12.16% -2.63% 11.76% 257.89% 26.67% -6.25%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.04M $15.74M $6.041M $3.300M $2.900M $3.300M $400.0K $4.700M $68.40M $35.80M $300.0K $400.0K $6.500M $7.400M $7.600M $6.800M $1.900M $1.500M $1.600M
YoY Change -17.12% 160.52% 83.06% 13.79% -12.12% 725.0% -91.49% -93.13% 91.06% 11833.33% -25.0% -93.85% -12.16% -2.63% 11.76% 257.89% 26.67% -6.25%
Long-Term Debt $11.66M $11.86M $12.06M $12.90M $17.00M $12.30M $8.200M $8.200M $8.200M $8.200M $8.200M $11.60M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -1.7% -1.63% -6.52% -24.12% 38.21% 50.0% 0.0% 0.0% 0.0% 0.0% -29.31%
Other Long-Term Liabilities $4.608M $10.91M $2.800M $3.000M $2.700M $4.800M $4.500M $3.100M $2.600M $1.800M $2.000M $2.000M $2.100M $2.000M $2.200M $2.200M $2.500M $1.600M
YoY Change -57.78% 289.75% -6.67% 11.11% -43.75% 6.67% 45.16% 19.23% 44.44% -10.0% 0.0% -4.76% 5.0% -9.09% 0.0% -12.0% 56.25%
Total Long-Term Liabilities $11.66M $11.86M $22.97M $15.70M $20.00M $15.00M $13.00M $12.70M $11.30M $10.80M $10.00M $13.60M $2.000M $2.100M $2.000M $2.200M $2.200M $2.500M $1.600M
YoY Change -1.7% -48.36% 46.32% -21.5% 33.33% 15.38% 2.36% 12.39% 4.63% 8.0% -26.47% 580.0% -4.76% 5.0% -9.09% 0.0% -12.0% 56.25%
Total Liabilities $1.643B $1.617B $1.490B $1.186B $1.248B $1.045B $1.120B $986.5M $710.9M $672.8M $613.7M $593.6M $614.9M $607.3M $594.2M $522.0M $432.8M $399.3M $310.4M
YoY Change 1.58% 8.54% 25.66% -5.01% 19.48% -6.73% 13.54% 38.77% 5.66% 9.63% 3.39% -3.46% 1.25% 2.2% 13.83% 20.61% 8.39% 28.64%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Basic Shares Outstanding 8.075M 8.103M 6.027M 6.187M 6.385M 6.470M 6.460M 3.029M 2.108M 2.015M 2.042M
Diluted Shares Outstanding 8.086M 8.126M 6.044M 6.211M 6.405M 6.503M 6.488M 3.053M 2.119M 2.024M 2.050M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $216.41 Million

About Middlefield Banc Corp

Middlefield Banc Corp. is a holding company, which engages in the provision of personal and commercial banking solutions. The company is headquartered in Middlefield, Ohio and currently employs 246 full-time employees. The company went IPO on 2001-08-14. The firm's subsidiaries include The Middlefield Banking Company (MBC) (the Bank) and EMORECO Inc. MBC is engaged in the general commercial banking business in northeastern, central, and western Ohio. MBC offers customers a range of banking services, including checking, savings, negotiable order of withdrawal (NOW) accounts, money market accounts, time deposits, commercial loans, real estate loans, a variety of consumer loans, safe deposit facilities, and travelers’ checks. MBC offers online banking and bill payment services to individuals and online cash management services to business customers through its website at www.middlefieldbank.bank. The Bank operates approximately 21 full-service banking centers and a financial brokerage office serving Ada, Beachwood, Bellefontaine, Chardon, Cortland, Dublin, Garrettsville, Kenton, Mantua, Marysville, Middlefield, and others. MBC also operates a loan production office in Mentor, Ohio.

Industry: State Commercial Banks Peers: Eagle Bancorp Montana Inc Embassy Bancorp Inc Finward Bancorp FNCB Bancorp, Inc. First Northwest Bancorp Richmond Mutual Bancorporation Inc PNC Financial Services Group Inc