Brief: Middlefield Banc Corp. Q2 Net Income USD 6.157 Million

Middlefield Banc

22/07/2025 21:05

Overview

Middlefield Banc Q2 EPS rises 46.2% yr/yr to $0.76

Net interest income for Q2 increases 15.6% to $17.4 mln

Total loans reach record $1.58 bln, up 5.6% yr/yr

Outlook

Company expects loan and core deposit growth to benefit 2025 profitability

Middlefield plans to open new Westerville branch in H2 2025

Company focuses on expanding presence in Central Ohio markets

Result Drivers

LOAN GROWTH - Total loans increased by $84.2 mln, driven by higher home equity lines, commercial and industrial loans, and residential real estate loans

NET INTEREST MARGIN - Expanded by 37 basis points to 3.88%, benefiting from strong loan growth and reduced FHLB advances

REAL ESTATE GAIN - Net income benefited from a $1.2 mln gain on the exchange of real estate related to the relocation of the Westerville branch

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.76
Q2 Net Income
$6.16 mln
Q2 Net Interest Income
$17.44 mln
Q2 Net Interest Margin
3.9%
Q2 Pretax Profit
$7.37 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Middlefield Banc Corp is $28.00, about 6.6% below its July 21 closing price of $29.84

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nGNX7SHkXG

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)