Company research
MIDDLEFIELD BANC CORP
CIK 836147Updated Sep 26, 2026
Securities
Historical securities (1)
MBCN · NASDAQ · equity · closed Feb 27, 2026MBCN price & chart
Historical security
This listing closed Feb 27, 2026. Live provider charts are shown only for current listings.
About the company
Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the Bank holding Company of The Middlefield Banking Company, with total assets of $1.98 billion at September 30, 2025. The Bank operates 21 full-service banking centers and an LPL Financial® brokerage office serving Ada, Beachwood, Bellefontaine, Chardon, Cortland, Dublin, Garrettsville, Kenton, Mantua, Marysville, Middlefield, Newbury, Orwell, Plain City, Powell, Solon, Sunbury, Twinsburg, and Westerville. The Bank also operates a Loan Production Office in Mentor, Ohio.
Financials
FY 2024 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,853,359,000Source | 1,822,883,000Source | 1,687,682,000Source | 1,331,006,000Source |
| Property, Plant and Equipment, NetUSD | — | 21,339,000Source | 21,961,000Source | 17,272,000Source |
| GoodwillUSD | 36,356,000Source | 36,356,000Source | 31,735,000Source | 15,071,000Source |
| Operating Lease, Right-of-Use AssetUSD | 400,000Source | — | — | 872,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,642,797,000Source | 1,617,202,000Source | 1,489,991,000Source | 1,185,671,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 161,999,000Source | 161,388,000Source | 161,029,000Source | 87,131,000Source |
| Additional Paid in CapitalUSD | 246,000Source | — | — | — |
| Retained Earnings (Accumulated Deficit)USD | 109,299,000Source | 100,237,000Source | 94,154,000Source | 83,971,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -20,073,000Source | -16,090,000Source | -22,144,000Source | 3,462,000Source |
| Stockholders' Equity Attributable to ParentUSD | 210,562,000Source | 205,681,000Source | 197,691,000Source | 145,335,000Source |
| Liabilities and EquityUSD | 1,853,359,000Source | 1,822,883,000Source | 1,687,682,000Source | 1,331,006,000Source |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Deferred Income Tax Expense (Benefit)USD | 198,000Source | -705,000Source | -324,000Source | -401,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 17,468,000Source | 22,356,000Source | 18,362,000Source | 15,422,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | 0Source | -18,406,000Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -43,289,000Source | -126,542,000Source | -8,654,000Source | 70,886,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 776,000Source | 1,096,000Source | 884,000Source | 605,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 1,055,000Source | 4,506,000Source | 6,119,000Source | 12,291,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 20,777,000Source | 111,213,000Source | -75,393,000Source | -79,231,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 6,457,000Source | 6,864,000Source | 5,490,000Source | 4,240,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -5,044,000Source | 7,027,000Source | -65,685,000Source | 7,077,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 41,642,000Source | 22,750,000Source | 4,334,000Source | 4,408,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 714,000Source | — | — | — |
| Amortization of Intangible AssetsUSD | 1,031,000Source | 1,059,000Source | 372,000Source | 321,000Source |
| Bank Owned Life Insurance IncomeUSD | 930,000Source | 823,000Source | 459,000Source | 546,000Source |
| Capitalized Computer Software, AmortizationUSD | 200,000Source | 95,000Source | 143,000Source | 361,000Source |
| DepreciationUSD | 1,600,000Source | 1,500,000Source | 1,300,000Source | 1,400,000Source |
| Depreciation, Amortization and Accretion, NetUSD | -78,000Source | -108,000Source | 1,330,000Source | 1,420,000Source |
| Equipment ExpenseUSD | 925,000Source | 1,241,000Source | 1,074,000Source | 1,361,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 71,000Source | 0Source | 0Source | 0Source |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | -9,000Source | -161,000Source | -173,000Source | 209,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | 0Source |
| Gain (Loss) on Sales of Loans, NetUSD | 199,000Source | 97,000Source | 24,000Source | 1,240,000Source |
| GoodwillUSD | 36,356,000Source | 36,356,000Source | 31,735,000Source | 15,071,000Source |
| Goodwill, Impairment LossUSD | — | — | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | 2,825,000Source | 3,387,000Source | 3,220,000Source | 4,065,000Source |
| Net Income (Loss) Attributable to ParentUSD | 15,519,000Source | 17,368,000Source | 15,673,000Source | 18,633,000Source |
| Noncash Merger Related CostsUSD | 0Source | 473,000Source | 2,382,000Source | — |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 2,127,000Source | 3,259,000Source | 4,235,000Source | 11,521,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | 0Source | 94,000Source |
| Provision for Loan, Lease, and Other LossesUSD | 2,190,000Source | 1,842,000Source | — | — |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | 2,008,000Source | 3,002,000Source | — | — |
| Realized Investment Gains (Losses)USD | — | 0Source | 0Source | — |
| Stock or Unit Option Plan ExpenseUSD | 374,000Source | 374,000Source | 307,000Source | 478,000Source |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 18,344,000Source | 20,755,000Source | 18,893,000Source | 22,698,000Source |
| Income Tax Expense (Benefit)USD | 2,825,000Source | 3,387,000Source | 3,220,000Source | 4,065,000Source |
| Net Income (Loss) Attributable to ParentUSD | 15,519,000Source | 17,368,000Source | 15,673,000Source | 18,633,000Source |
| Earnings Per Share, BasicUSD per share | 1.93Source | 2.14Source | 2.6Source | 3.01Source |
| Earnings Per Share, DilutedUSD per share | 1.92Source | 2.14Source | 2.59Source | 3Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 8,075,300Source | 8,103,230Source | 6,027,091Source | 6,186,666Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 8,086,098Source | 8,126,013Source | 6,044,382Source | 6,211,076Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 1,031,000Source | 1,059,000Source | 372,000Source | 321,000Source |
| Bank Owned Life Insurance IncomeUSD | 930,000Source | 823,000Source | 459,000Source | 546,000Source |
| Capitalized Computer Software, AmortizationUSD | 200,000Source | 95,000Source | 143,000Source | 361,000Source |
| Current Income Tax Expense (Benefit)USD | 2,627,000Source | 4,092,000Source | 3,544,000Source | 4,466,000Source |
| Equipment ExpenseUSD | 925,000Source | 1,241,000Source | 1,074,000Source | 1,361,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 71,000Source | 0Source | 0Source | 0Source |
| Goodwill, Impairment LossUSD | — | — | 0Source | 0Source |
| Interest ExpenseUSD | 40,582,000Source | 25,098,000Source | 4,729,000Source | 4,065,000Source |
| Interest Income (Expense), NetUSD | 60,680,000Source | 65,203,000Source | 50,177,000Source | 48,270,000Source |
| Labor and Related ExpenseUSD | 24,641,000Source | 24,511,000Source | 17,548,000Source | 17,151,000Source |
| Marketing and Advertising ExpenseUSD | 1,581,000Source | 1,477,000Source | 1,033,000Source | 885,000Source |
| Realized Investment Gains (Losses)USD | — | 0Source | 0Source | — |
Filing attachments
d281965dex991.htm · 8-K · 2026-02-10
EX-99.1 2 d281965dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Farmers National Banc Corp. and Middlefield Banc Corp. Announce Shareholder Approvals for Merger CANFIELD, Ohio & MIDDLEFIELD, Ohio - February 10, 2026 - Farmers National Banc Corp. (“Farmers”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield, and Middlefield Banc Corp. (“Middlefield”) (NASDAQ: MBCN), the holding company for The Middlefield Banking Company, jointly announced today that shareholders of F…
Read attachment ↗d78679dex991.htm · 8-K · 2026-02-09
EX-99.1 2 d78679dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 15985 East High Street P. O. Box 35 Middlefield, Ohio 44062 Phone: 440/632-1666 FAX: 440/632-1700 www.middlefieldbank.bank PRESS RELEASE Company Contact: Investor and Media Contact: Ron Zimmerly Andrew M. Berger President and Chief Executive Managing Director Officer SM Berger & Company, Inc. Middlefield Banc Corp. …
Read attachment ↗d78772dex991.htm · 8-K · 2026-02-05
EX-99.1 2 d78772dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Farmers National Banc Corp. and Middlefield Banc Corp. Announce Regulatory Approvals for Merger CANFIELD, Ohio & MIDDLEFIELD, Ohio - February 5, 2026 - Farmers National Banc Corp. (“Farmers”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (“Farmers National Bank”), and Middlefield Banc Corp. (“Middlefield”) (NASDAQ: MBCN), the holding company for The Middlefield Banking Company (“Middlefield Bank”), joi…
Read attachment ↗d20583dex991.htm · 8-K · 2025-11-17
EX-99.1 2 d20583dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 15985 East High Street P. O. Box 35 Middlefield, Ohio 44062 Phone: 440/632-1666 FAX: 440/632-1700 www.middlefieldbank.bank PRESS RELEASE Company Contact: Investor and Media Contact: Ron Zimmerly Andrew M. Berger President and Chief Executive Managing Director Officer SM Berger & Company, Inc. Middlefield Banc Corp. …
Read attachment ↗d39492dex991.htm · 8-K · 2025-08-11
EX-99.1 2 d39492dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 15985 East High Street P. O. Box 35 Middlefield, Ohio 44062 Phone: 440/632-1666 FAX: 440/632-1700 www.middlefieldbank.bank PRESS RELEASE Company Contact: Investor and Media Contact: Ron Zimmerly Andrew M. Berger President and Chief Executive Managing Officer Director Middlefield Banc Corp. SM Berger & Company, Inc. (419) 673-121…
Read attachment ↗d906961dex991.htm · 8-K · 2025-07-28
EX-99.1 2 d906961dex991.htm EX-99.1 EX-99.1 Middlefield Banc Corp. 2023 Fourth Quarter Investor Presentation Middlefield Banc Corp. 2025 Second Quarter Investor Presentation (Nasdaq: MBCN) Exhibit 99.1 Forward Looking Statements This presentation contains forward-looking statements within the meaning of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995 concerning Middlefield Banc Corp.’s plans, strategies, objectives, expectations, intentions, fin…
Read attachment ↗