Recap: Middlefield Banc Q4 Earnings

 

Shares of Middlefield Banc MBCN were unchanged after the company reported Q4 results.

Quarterly Results

Earnings per share decreased 20.41% over the past year to $0.39, which missed the estimate of $0.51.

Revenue of $12,881,000 higher by 10.92% from the same period last year, which missed the estimate of $13,200,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Price Action

Company's 52-week high was at $26.00

52-week low: $12.00

Price action over last quarter: down 3.08%

Company Overview

Middlefield Banc Corp is active in the financial services sector. It serves as a holding company for its subsidiaries, The Middlefield Banking Company (MBC) and EMORECO Inc. MBC offers customers banking services including checking, savings, and negotiable order of withdrawal accounts, money market accounts, time certificates of deposit and commercial loans. EMORECO was organized to maintain, manage, and dispose of nonperforming loans and other real estates.

Posted In: BZI-RecapsEarningsNews

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