--- title: "Middlefield Banc | 8-K: FY2025 Revenue: USD 116.64 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/275465886.md" datetime: "2026-02-10T13:24:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275465886.md) - [en](https://longbridge.com/en/news/275465886.md) - [zh-HK](https://longbridge.com/zh-HK/news/275465886.md) generator: "portal-rs" --- # Middlefield Banc | 8-K: FY2025 Revenue: USD 116.64 M Revenue: As of FY2025, the actual value is USD 116.64 M. EPS: As of FY2025, the actual value is USD 2.39, missing the estimate of USD 2.655. EBIT: As of FY2025, the actual value is USD -45.51 M. ### Financial Performance (Twelve Months Ended December 31, 2025 vs. 2024) #### Net Interest Income Net interest income increased by $7.8 million to $68.5 million in 2025, compared to $60.7 million in 2024. The net interest margin for 2025 was 3.80%, up from 3.52% in 2024. #### Noninterest Income Noninterest income rose by $2.1 million to $9.3 million in 2025, compared to $7.2 million in 2024. #### Noninterest Expense Noninterest expense was $54.8 million in 2025, compared to $47.5 million in 2024. #### Net Income Net income for the twelve months ended December 31, 2025, was $19.4 million, compared to $15.5 million for the same period last year. #### Pre-tax, Pre-provision Net Income (PTPP) PTPP was $23.0 million for 2025, compared to $20.4 million in 2024. ### Financial Performance (Fourth Quarter 2025 vs. 2024) #### Net Interest Income Net interest income for the 2025 fourth quarter increased by $1.8 million to $17.4 million, compared to $15.6 million for the 2024 fourth quarter. The net interest margin for the 2025 fourth quarter was 3.80%, compared to 3.56% for the same period of 2024. #### Noninterest Income Noninterest income for the 2025 fourth quarter was $2.0 million, compared to $1.9 million for the same period the previous year. #### Noninterest Expense Noninterest expense for the 2025 fourth quarter was $15.9 million, compared to $11.8 million for the 2024 fourth quarter. This was negatively impacted by $1.8 million in merger-related expenses and accelerated vesting of certain performance share units. #### Net Income Net income for the 2025 fourth quarter was $3.1 million, compared to $4.8 million for the same period last year. #### Pre-tax, Pre-provision Net Income (PTPP) For the 2025 fourth quarter, PTPP was $3.5 million, compared to $5.7 million for the same period of 2024. ### Balance Sheet Highlights (as of December 31, 2025 vs. December 31, 2024) #### Total Assets Total assets increased by 2.7% to $1.90 billion at December 31, 2025, from $1.85 billion at December 31, 2024. #### Total Loans Total loans were $1.59 billion at December 31, 2025, compared to $1.52 billion at December 31, 2024, representing a 4.3% year-over-year increase. This increase was primarily driven by originations in owner-occupied and commercial and industrial loan segments, as well as home equity lines of credit, partially offset by a decrease in the non-owner occupied loan segment. #### Investment Securities Available-for-Sale Portfolio The investment securities available-for-sale portfolio was $155.5 million at December 31, 2025, compared to $165.8 million at December 31, 2024. #### Total Liabilities Total liabilities increased by 1.8% to $1.67 billion at December 31, 2025, from $1.64 billion at December 31, 2024. #### Total Deposits Total deposits were $1.47 billion at December 31, 2025, compared to $1.45 billion at December 31, 2024, a 1.8% year-over-year increase. This growth was mainly due to an increase in money market accounts, partially offset by declines in time deposits and savings accounts. Noninterest-bearing demand deposits constituted 25.5% of total deposits at December 31, 2025, down from 26.1% at December 31, 2024. Brokered deposits were $23.1 million at December 31, 2025, decreasing from $35.1 million at December 31, 2024. ### Stockholders’ Equity and Dividends (as of December 31, 2025 vs. December 31, 2024) #### Stockholders’ Equity Stockholders’ equity was $229.6 million at December 31, 2025, up 9.1% from $210.6 million at December 31, 2024. This increase was primarily due to higher retained earnings and a decrease in the unrealized loss on the available-for-sale investment portfolio. Book value per share was $28.26 at December 31, 2025, compared to $26.08 at December 31, 2024. #### Tangible Stockholders’ Equity Tangible stockholders’ equity was $188.7 million at December 31, 2025, compared to $168.6 million at December 31, 2024. Tangible book value per share was $23.22 at December 31, 2025, compared to $20.88 at December 31, 2024. #### Dividends Declared The Company declared cash dividends of $0.84 per share, totaling $6.8 million, for the twelve months ended December 31, 2025. For the same period in 2024, cash dividends were $0.80 per share, totaling $6.5 million. #### Equity-to-Assets Ratio The equity-to-assets ratio was 12.07% at December 31, 2025, compared to 11.36% at December 31, 2024. ### Asset Quality (Twelve Months Ended December 31, 2025 vs. 2024) #### Provision for (Recovery of) Credit Losses The Company recorded a recovery of credit losses of $494,000 for 2025, compared to a provision for credit losses of $2.0 million for 2024. #### Net Charge-offs (Recoveries) Net charge-offs were $481,000, or -0.03% of average loans, for 2025, compared to net recoveries of $1.4 million, or 0.10% of average loans, for 2024. #### Nonperforming Assets Nonperforming assets, consisting of nonperforming loans, were $17.0 million at December 31, 2025, down from $30.0 million at December 31, 2024. The decrease was primarily due to a $13.5 million loan, previously moved to nonaccrual in Q3 2024, being paid off in Q4 2025. #### Allowance for Credit Losses The allowance for credit losses was $22.7 million, or 1.43% of total loans, at December 31, 2025, compared to $22.4 million, or 1.48% of total loans, at December 31, 2024. ### Outlook / Guidance Middlefield Banc Corp. expects to close its merger with Farmers National Banc Corp. in the first quarter of 2026. The company believes this combination will create meaningful opportunities for its customers, employees, and shareholders. ### Related Stocks - [MBCN.US](https://longbridge.com/en/quote/MBCN.US.md) ## Related News & Research - [Farmers National Banc Q2 FY26 net income rises 65.6% to $23.04 million](https://longbridge.com/en/news/295116423.md) - [Farmers National Banc posts strong second-quarter 2026 results](https://longbridge.com/en/news/293475501.md) - [FARMERS NATIONAL BANC CORP /OH/ Q2 2026: Net income $23M, EPS $0.39— 10-Q Summary](https://longbridge.com/en/news/295119906.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**