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Stock impact report

Middlefield Banc Corp. Reports 2022 Full Year Financial Results

Middlefield Banc Corp. (MBCN) 
Last middlefield banc corp. earnings: 4/27 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: middlefieldbank.bank/company/mbc9.asp
Company Research Source: GlobeNewswire
MIDDLEFIELD, Ohio, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today reported financial results for the three and twelve-months ended December 31, 2022. 2022 Financial Highlights (on a year-over-year basis unless noted): Returned $11.6 million of capital to shareholders through cash dividends and the repurchase of 229,420 shares at an average price of $26.67 per shareNet income was $15.7 million, or $2.59 per diluted share, compared to $18.6 million, or $3.00 per diluted shareNon-GAAP(1) net income, adjusted for certain one-time items and expenses associated with the Liberty Bancshares, Inc. merger, was $18.3 million, or $3.03 per diluted share, compared to $18.5 million, or $2.98 per diluted shareNon-GAAP(1) ROAE and ROATE, adjusted for certain one-time items and expenses associated with the Liberty Bancshares, Inc. merger, was 13.15% and 15.12%, respectively, compared to 12.65% and 14.27%, respectivelyTwelve-month pre-tax income benefited Show less Read more
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