Jul. 18 at 9:06 PM
$MBCN Middlefield Banc reports Q2 EPS 52c, consensus 40c
Reports Q2 revenue
$16.9M, consensus
$16.9M. Reports Q2 net interest margin 3.51% vs. 4.27% last year. Ronald L. Zimmerly, CEO, stated, "Throughout our Central, Western and Northeast Ohio markets, Middlefield's team members are dedicated to providing leading community-oriented financial services to our customers. This long-standing commitment supports the financial success of our local communities, which is especially important as uncertainty about FOMC monetary policies and economic conditions has increased.
Despite these macro trends, we remain focused on supporting our communities, managing expenses, and maintaining a strong balance sheet. I am pleased with the progress we are making as total loans at June 30, 2024, increased 6.3% year-over-year to a record
$1.50 billion, year-to-date noninterest expense is in line with the prior year period, and we remain extremely 'well-capitalized' under applicable banking requirements."
