MainStreet Bancshares Q3 profit at $4.52 mln
MainStreet Bancshares reported a Q3 net income of $4.52 million, exceeding expectations. The company announced a new $10 million stock repurchase program. The outlook remains strong, focusing on core revenue and expense control, with quality lending opportunities in government contracting and real estate. The net interest margin for Q3 was 3.54%, and asset quality is strong after improving borrower credit relationships.