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Stock impact report

MainStreet Bancshares Inc. Reports Steady Earnings Amidst Economic Challenges [Yahoo! Finance]

MainStreet Bancshares, Inc. (MNSB) 
NASDAQ:AMEX Investor Relations: mstreetbank.com/category/press-release
Company Research Source: Yahoo! Finance
Net Interest Margin (NIM) : Achieved a net interest margin of 4.08% for the year. Loan Growth : Net loans increased by 8% year-over-year, totaling $1.73 billion. Core Deposits : Core deposits rose to 74% in Q4, up from 68% in Q3. Avenu Platform : Progress with Avenu, the bank's embedded banking solution, with its first client Safari Pay entering beta stage. Warning! GuruFocus has detected 3 Warning Signs with MNSB. On January 22, 2024, MainStreet Bancshares Inc ( NASDAQ:MNSB ) released its 8-K filing , detailing its financial performance for the year ended December 31, 2023. The bank holding company, which focuses on serving the needs of small to medium-sized businesses and retail customers, reported consistent earnings despite a tumultuous market environment. Financial Performance and Challenges MainStreet Bancshares Inc ( NASDAQ:MNSB ) reported a net income of $26.6 million for the year, with earnings per share totaling $3.25. The company's annualized returns included Show less Read more
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