MIDDLEFIELD BANC CORP

MBCN

MIDDLEFIELD BANC CORP

MBCN

Insider Sentiment (TTM):

Last Purchase:2025-02-21Last Sale:-Shares Purchased (TTM):0Shares Sold (TTM):0

Institutional Sentiment:

As of:2025-12-31Institutional Shares Owned:2,260,274Shares Outstanding:8,084,658Institutional Ownership Pct.:27.96%

Earnings Market Reaction:

Filing Date:2025-11-13Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31
Cash And Due From Banks	81	59	56	46	62	50	45	56	56	49	60	51
Federal Funds Sold	22	14	11	10	12	2	1	4	9	10	7	2
Cash Cash Equivalents And Federal Funds Sold	104	73	67	56	74	52	46	61	66	59	67	54
Available For Sale Securities Debt Securities	-	-	165	166	170	166	168	171	159	167	170	165
Debt Securities Available For Sale Excluding Accru…	156	161	-	-	-	-	-	-	-	-	-	-
Equity Securities Fv Ni	1	1	1	1	1	1	1	1	1	1	1	1
Loans Receivable Held For Sale Amount	0	0	-	-	0	-	-	-	1	0	0	0
Notes Receivable Gross	-	-	1,550	1,520	1,505	1,498	1,490	1,478	1,449	1,409	1,383	1,353
Notes Receivable Net
Notes Receivable Net	-	-	1,528	1,497	1,482	1,476	1,469	1,456	1,428	1,389	1,363	1,338
Financing Receivable Allowance For Credit Losses	-	-	22	22	23	22	21	22	21	21	20	14
Assets
Assets	1,979	1,924	1,888	1,853	1,858	1,828	1,817	1,823	1,793	1,752	1,728	1,688
Loans And Leases Receivable Net Of Deferred Income	-	-	-	-	-	-	-	-	-	-	-	1,353
Loans And Leases Receivable Allowance	-	-	-	-	-	-	-	-	-	-	-	14
Loans And Leases Receivab…
Loans And Leases Receivable Net Reported Amount	-	-	-	-	-	-	-	-	-	-	-	1,338
Financing Receivable Excluding Accrued Interest Be…	1,607	1,582	-	-	-	-	-	-	-	-	-	-
Financing Receivable Allowance For Credit Loss Exc…	23	22	-	-	23	22	-	-	-	-	-	-
Financing Receivable Excluding Accrued Interest Af…	1,584	1,560	-	-	-	-	-	-	-	-	-	-
Property Plant And Equipment And Finance Lease Rig…	21	20	20	21	21	21	21	21	22	22	22	22
Goodwill	36	36	36	36	36	36	36	36	36	36	32	32
Finite Lived Intangible Assets Net	5	5	5	6	6	6	6	7	7	7	7	8
Bank Owned Life Insurance	35	35	35	35	35	35	35	34	34	34	34	34
Other Real Estate	-	-	-	-	-	-	-	0	6	6	6	6
Interest Receivable And Other Assets	35	32	30	36	33	35	34	35	35	30	27	29
Noninterest Bearing Deposit Liabilities	411	371	369	378	391	387	390	401	424	441	475	504
Interest Bearing Deposit Liabilities	232	236	223	208	218	207	209	206	244	230	196	165
Deposits	1,622	1,594	1,540	1,446	1,513	1,470	1,447	1,427	1,457	1,432	1,426	1,402
Deposits Money Market Deposits	528	467	482	414	377	356	319	275	276	242	222	187
Deposits Savings Deposits	181	185	190	198	200	192	197	211	216	232	288	308
Time Deposits	270	335	276	248	327	328	332	334	297	288	245	238
Short Term Borrowings
Advances From Federal Home Loan Banks	106	89	110	172	106	125	137	163	118	100	85	65
Other Borrowings	12	12	12	12	12	12	12	12	12	12	12	12
Federal Home Loan Bank Advances Maturities Summary…	-	-	-	-	-	-	-	-	-	-	-	65
Accrued Liabilities And Other Liabilities	15	14	13	13	16	15	15	16	13	11	10	11
Liabilities	1,755	1,708	1,675	1,643	1,647	1,621	1,611	1,617	1,600	1,554	1,533	1,490
Common Stock Value	162	162	162	162	162	162	162	161	161	161	161	161
Additional Paid In Capital	1	1	1	0	0	-	-	0	-	-	-	-
Stockholders Equity
Retained Earnings Accumulated Deficit	121	117	112	109	106	105	103	100	99	97	93	94
Stockholders Equity	224	216	214	211	211	207	206	206	194	197	195	198
Accumulated Other Comprehensive Income Loss Net Of…	-19	-23	-20	-20	-16	-19	-18	-16	-26	-21	-19	-22
Treasury Stock Value	-41	-41	-41	-41	-41	-41	-41	-40	-40	-40	-40	-35
Liabilities And Stockholders Equity	1,979	1,924	1,888	1,853	1,858	1,828	1,817	1,823	1,793	1,752	1,728	1,688
Common Stock No Par Value	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Shares Authorized	25	25	25	25	25	25	25	25	25	25	10	25
Common Stock Shares Issued	10	10	10	10	10	10	10	10	10	10	10	10
Shares Outstanding	8	8	8	8	8	8	8	8	8	8	8	8
Treasury Stock Common Shares	2	2	2	2	2	2	2	2	2	2	2	2
Treasury Stock Shares	-	-	-	-	-	-	-	-	-	-	-	2

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2025	-1.77%	7.50%	-9.06%	3.20%	2.49%	11.07%	4.38%	-0.05%	-1.22%	-	-	-
2024	-8.53%	-3.46%	5.70%	3.56%	17.13%	18.44%	2.00%	-9.78%	-14.75%	-0.78%	13.48%	14.79%
2023	22.11%	17.54%	32.15%	-10.41%	-6.41%	-4.89%	10.32%	10.14%	-2.84%	-6.66%	1.01%	-11.78%
2022	-	-	-	-	-	-	-1.85%	-4.28%	-7.06%	2.63%	-4.88%	-0.36%
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Performance and Valuation Metrics

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Metrics	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31
Leverage & Debt
Interest Coverage TTM	1.65	1.55	1.48	1.45	1.43	1.52	1.64	1.83	2.11	2.72	3.61	5.00
Efficiency & Turnover
Days Sales Outstanding TTM	-	-	-	-	-	-	-	-	-	-	-	109,300.10
Receivables Turnover TTM	-	-	-	-	-	-	-	-	-	-	-	0.00
Per Share Metrics
Diluted EPS TTM	2.60	2.24	2.00	1.92	1.76	1.95	2.06	2.14	2.14	2.19	2.05	2.59
Free Cash Flow Per Share TTM	2.18	2.48	2.36	2.07	2.74	2.31	2.53	2.62	2.37	2.79	2.60	2.89
Dividend Per Share TTM	0.83	0.82	0.81	0.80	0.85	0.85	0.85	0.85	0.91	0.83	0.75	0.91
Margin Metrics
Gross Profit Margin TTM	-833.17%	-871.23%	-911.14%	-938.70%	-927.45%	-839.08%	-714.29%	-547.19%	-381.20%	-218.02%	-97.09%	-22.83%
Operating Profit Margin TTM	605.39%	531.71%	480.61%	469.52%	436.76%	485.04%	521.21%	535.20%	535.52%	547.09%	514.22%	490.73%
Net Profit Margin TTM	504.89%	445.79%	405.87%	397.21%	370.57%	410.10%	437.87%	447.86%	449.21%	454.03%	426.61%	407.09%
Growth Metrics
Net Revenue Growth (1Y)	9.23%	6.42%	4.92%	0.75%	-0.54%	-1.95%	-3.14%	0.73%	2.04%	6.98%	10.44%	12.41%
Net Income Growth (1Y)	48.82%	15.68%	-2.75%	-10.65%	-17.96%	-11.43%	-0.58%	10.81%	1.87%	-1.25%	-8.54%	-15.89%
EPS Growth (1Y)	48.57%	15.48%	-2.60%	-10.34%	-17.74%	-11.19%	0.00%	-17.58%	-27.08%	-28.56%	-33.94%	-16.94%
Calculated Values
Free Cash Flow TTM	17.59M	20.03M	19.09M	16.69M	22.14M	18.60M	20.43M	21.26M	19.17M	22.53M	21.18M	17.40M
Net Debt	-81.37M	-59.15M	-56.15M	-46.04M	-61.85M	-50.50M	-44.82M	-56.40M	-56.23M	-49.42M	-59.61M	-51.40M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2025-02-21Purchase

Owner: Voinovich, Michael C

Title: -

Shares: 120

Price/Share: $26.00

Value: $3,120.00

Shares Owned: 769

Relationship: Director

Ownership: Indirect

2025-02-21Purchase

Owner: Digeronimo, Kevin A

Title: -

Shares: 1,950

Price/Share: $25.65

Value: $50,017.50

Shares Owned: 4,666

Relationship: Director

Ownership: Direct

2025-02-21Purchase

Owner: Ranttila, Michael

Title: EVP/CFO

Shares: 48

Price/Share: $25.15

Value: $1,207.20

Shares Owned: 50

Relationship: Officer

Ownership: Indirect

2025-02-03Purchase

Owner: Ranttila, Michael

Title: EVP/CFO

Shares: 300

Price/Share: $25.50

Value: $7,650.00

Shares Owned: 300

Relationship: Officer

Ownership: Indirect

2024-09-16Purchase

Owner: Zimmerly, Ronald Len Jr.

Title: Chief Executive Officer

Shares: 212

Price/Share: $28.47

Value: $6,043.61

Shares Owned: 31,289

Relationship: Director,Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2025-02-21	Voinovich, Michael C	Director	-	Indirect	Purchase	120	26.00	$3,120.00	769	4
2025-02-21	Digeronimo, Kevin A	Director	-	Direct	Purchase	1,950	25.65	$50,017.50	4,666	4
2025-02-21	Ranttila, Michael	Officer	EVP/CFO	Indirect	Purchase	48	25.15	$1,207.20	50	4
2025-02-03	Ranttila, Michael	Officer	EVP/CFO	Indirect	Purchase	300	25.50	$7,650.00	300	4
2024-09-16	Zimmerly, Ronald Len Jr.	Director,Officer	Chief Executive Officer	Direct	Purchase	212	28.47	$6,043.61	31,289	4
2024-06-05	Wilson, Thomas M	Officer	EVP-Chief Strategy Officer	Indirect	Purchase	1,000	20.98	$20,980.00	12,498	4
2024-05-31	Moeller, Jennifer L	Director	-	Direct	Purchase	200	21.40	$4,280.00	2,114	4
2024-05-13	Zimmerly, Ronald Len Jr.	Director,Officer	EVP/Chief Executive Officer	Direct	Purchase	1,000	22.47	$22,470.00	35,876	4
2024-05-13	Zimmerly, Ronald Len Jr.	Director,Officer	Chief Executive Officer	Indirect	Purchase	1,000	22.47	$22,470.00	8,786	4/A
2024-05-09	Wilson, Thomas M	Officer	EVP-Chief Strategy Officer	Indirect	Purchase	1,000	22.38	$22,380.00	11,498	4
2024-05-09	Moeller, Jennifer L	Director	-	Direct	Purchase	250	23.00	$5,750.00	1,914	4
2024-02-14	Moeller, Jennifer L	Director	-	Direct	Purchase	280	23.75	$6,650.00	1,664	4
2024-02-05	Voinovich, Michael C	Director	-	Indirect	Purchase	1,000	25.75	$25,750.00	9,253	4
2024-02-02	Voinovich, Michael C	Director	-	Indirect	Purchase	1,000	26.67	$26,670.00	8,253	4
2023-11-02	Moeller, Jennifer L	Director	-	Direct	Purchase	43	25.25	$1,085.75	1,648	4
2023-05-16	Heslop, James R Ii	Director,Officer	Chief Executive Officer	Indirect	Purchase	577	22.56	$13,017.12	3,836	4
2023-05-12	Heslop, James R Ii	Director,Officer	Chief Executive Officer	Indirect	Purchase	423	22.51	$9,521.73	3,259	4
2023-05-11	Wilson, Thomas M	Officer	EVP/Corporate Development	Indirect	Purchase	1,000	22.59	$22,590.00	10,498	4/A
2023-04-28	Voinovich, Michael C	Director	-	Indirect	Purchase	100	27.67	$2,767.00	7,253	4
2023-04-28	Zimmerly, Ronald Len Jr.	Director,Officer	President	Indirect	Purchase	630	27.28	$17,186.40	2,006	4
2023-04-27	Skidmore, William J	Director	-	Direct	Purchase	400	27.56	$11,024.00	2,013	4
2023-04-27	Heslop, James R Ii	Director,Officer	Chief Executive Officer	Direct	Purchase	400	27.26	$10,904.00	33,167	4
2023-03-16	Heslop, James R Ii	Director,Officer	Chief Executive Officer	Direct	Purchase	300	26.79	$8,037.00	32,767	4
2023-03-13	Voinovich, Michael C	Director	-	Indirect	Purchase	200	26.50	$5,300.00	6,953	4
2023-03-02	Voinovich, Michael C	Director	-	Direct	Purchase	200	27.96	$5,592.00	649	4
2022-11-22	Heslop, James R Ii	Director,Officer	Chief Executive Officer	Indirect	Purchase	200	29.67	$5,934.00	2,836	4
2022-10-21	Voinovich, Michael C	Director	-	Indirect	Purchase	100	28.89	$2,889.00	6,753	4
2022-09-09	Voinovich, Michael C	Director	-	Indirect	Purchase	200	26.75	$5,350.00	6,653	4
2022-08-11	Jones, Kenneth E	Director	-	Direct	Purchase	4,000	27.00	$108,000.00	15,903	4
2022-08-08	Voinovich, Michael C	Director	-	Indirect	Purchase	200	26.99	$5,398.00	6,453	4
2022-06-14	Voinovich, Michael C	Director	-	Indirect	Purchase	100	24.81	$2,481.00	6,164	4
2022-06-09	Voinovich, Michael C	Director	-	Indirect	Purchase	1,000	24.96	$24,960.00	6,064	4/A
2022-06-09	Heslop, James R Ii	Director,Officer	Chief Executive Officer	Indirect	Purchase	492	25.00	$12,300.00	2,636	4
2022-06-08	Heslop, James R Ii	Director,Officer	Chief Executive Officer	Indirect	Purchase	4	25.00	$100.00	2,144	4
2022-06-03	Heslop, James R Ii	Director,Officer	Chief Executive Officer	Indirect	Purchase	4	25.00	$100.00	2,140	4/A
2022-06-01	Jones, Kenneth E	Director	-	Direct	Purchase	4,000	24.90	$99,600.00	11,594	4
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Institutional Ownership

No data available for chart

2025-12-31

27.96%

Inst. Shares: 2,260,274

Shares Outstanding: 8,084,658

2025-09-30

34.18%

Inst. Shares: 2,763,467

Shares Outstanding: 8,084,658

2025-06-30

33.53%

Inst. Shares: 2,709,957

Shares Outstanding: 8,081,193

2025-03-31

33.02%

Inst. Shares: 2,667,344

Shares Outstanding: 8,078,805

2024-12-31

33.27%

Inst. Shares: 2,686,728

Shares Outstanding: 8,075,300

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2025-12-31	2,260,274	8,084,658	27.96%
2025-09-30	2,763,467	8,084,658	34.18%
2025-06-30	2,709,957	8,081,193	33.53%
2025-03-31	2,667,344	8,078,805	33.02%
2024-12-31	2,686,728	8,075,300	33.27%
2024-09-30	2,621,134	8,071,032	32.48%
2024-06-30	2,548,406	8,067,144	31.59%
2024-03-31	2,483,131	8,091,203	30.69%
2023-12-31	2,483,560	8,103,230	30.65%
2023-09-30	1,861,731	8,092,494	23.01%
2023-06-30	1,994,770	8,088,793	24.66%
2023-03-31	1,425,243	8,138,771	17.51%
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MIDDLEFIELD BANC CORP (MBCN) — SEC Financial Statements & Analysis

MIDDLEFIELD BANC CORP (MBCN) is a state commercial banks company, incorporated in OH. MIDDLEFIELD BANC CORP trades on Nasdaq as: MBCN. Based on its latest SEC filing (Form 10-Q, period ending 2025-09-30), MIDDLEFIELD BANC CORP reported a 9.23% year-over-year revenue growth, a Gross Profit Margin of -833.17% (TTM). Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 9.23%
Gross Profit Margin TTM: -833.17%

Data as of 2025-09-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is MIDDLEFIELD BANC CORP in?

MIDDLEFIELD BANC CORP (MBCN) operates in the State Commercial Banks industry.

What exchange does MBCN trade on?

MIDDLEFIELD BANC CORP (MBCN) trades on the Nasdaq.

Where is MIDDLEFIELD BANC CORP incorporated?

MIDDLEFIELD BANC CORP is incorporated in OH.