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Stock impact report

Middlefield Banc Corp. Reports Record Earnings for 2018 Third Quarter and Nine Month 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: Business Wire
MIDDLEFIELD, Ohio--(BUSINESS WIRE)-- Middlefield Banc Corp. (NASDAQ: MBCN) today reported financial results for the three and nine months ended September 30, 2018. 2018 Nine Month Financial Highlights (on a year-over-year basis unless noted): Net income increased 27.4% to $9.0 million Earnings per diluted share increased 17.3% to $2.78 per share, despite an 8.8% increase in the average number of diluted shares outstanding For the 2018 third quarter, return on average equity was 10.33%, compared to 8.12% for the quarter ended September 30, 2017 For the 2018 third quarter, return on average tangible common equity(1) was 12.00%, compared to 9.57% for the quarter ended September 30, 2017 Book value per share was up 4.1% to $38.38 per share Tangible book value(1) per share was up 5.6% to $32.96 per share Show less Read more
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