MBCN: Middlefield Banc Corp Financial Statements
Balance sheet, income statement, and cash flow statements for Middlefield Banc Corp (MBCN).
$226.39M Market Cap.
MBCN Market Cap. (MRY)
MBCN Shares Outstanding (MRY)
MBCN Assets (MRY)
Total Assets
$1.85B
Total Liabilities
$1.64B
Total Investments
$1.66B
MBCN Income (MRY)
Revenue
$65.89M
Net Income
$15.52M
Operating Expense
$47.54M
MBCN Cash Flow (MRY)
CF Operations
$17.47M
CF Investing
-$43.29M
CF Financing
$20.78M
MBCN Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $1,853,359,000 (1.67%) | $1,822,883,000 (8.01%) | $1,687,682,000 (26.80%) | $1,331,006,000 (-4.38%) |
Assets Current | - | - | - | - |
Assets Non-Current | - | - | - | - |
Goodwill & Intangible Assets | $41,967,000 (-2.40%) | $42,998,000 (9.03%) | $39,436,000 (139.38%) | $16,474,000 (-1.91%) |
Shareholders Equity | $210,562,000 (2.37%) | $205,681,000 (4.04%) | $197,691,000 (36.02%) | $145,335,000 (1.06%) |
Property Plant & Equipment Net | $20,565,000 (-3.63%) | $21,339,000 (-2.83%) | $21,961,000 (27.15%) | $17,272,000 (-5.79%) |
Cash & Equivalents | $55,792,000 (-8.29%) | $60,836,000 (13.06%) | $53,809,000 (-54.97%) | $119,494,000 (6.30%) |
Accumulated Other Comprehensive Income | -$20,073,000 (-24.75%) | -$16,090,000 (27.34%) | -$22,144,000 (-739.63%) | $3,462,000 (-19.19%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $1,663,824,000 (2.19%) | $1,628,171,000 (8.23%) | $1,504,316,000 (32.03%) | $1,139,417,000 (-5.56%) |
Investments Current | - | - | - | - |
Investments Non-Current | - | - | - | - |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Payables | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Accumulated Retained Earnings (Deficit) | $109,299,000 (9.04%) | $100,237,000 (6.46%) | $94,154,000 (12.13%) | $83,971,000 (20.69%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $184,060,000 (5.26%) | $174,862,000 (126.92%) | $77,059,000 (497.31%) | $12,901,000 (-24.28%) |
Debt Current | - | - | - | - |
Debt Non-Current | - | - | - | - |
Total Liabilities | $1,642,797,000 (1.58%) | $1,617,202,000 (8.54%) | $1,489,991,000 (25.67%) | $1,185,671,000 (-5.01%) |
Liabilities Current | - | - | - | - |
Liabilities Non-Current | - | - | - | - |
MBCN Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $65,885,000 (-4.36%) | $68,892,000 (21.03%) | $56,923,000 (4.08%) | $54,689,000 (38.32%) |
Cost of Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Selling General & Administrative Expense | $34,263,000 (-0.86%) | $34,559,000 (36.12%) | $25,389,000 (2.61%) | $24,743,000 (9.25%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $47,541,000 (-1.24%) | $48,137,000 (26.58%) | $38,030,000 (18.88%) | $31,991,000 (7.40%) |
Interest Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Income Tax Expense | $2,825,000 (-16.59%) | $3,387,000 (5.19%) | $3,220,000 (-20.79%) | $4,065,000 (190.15%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $15,519,000 (-10.65%) | $17,368,000 (10.81%) | $15,673,000 (-15.89%) | $18,633,000 (123.18%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | $15,519,000 (-10.65%) | $17,368,000 (10.81%) | $15,673,000 (-15.89%) | $18,633,000 (123.18%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $15,519,000 (-10.65%) | $17,368,000 (10.81%) | $15,673,000 (-15.89%) | $18,633,000 (123.18%) |
Weighted Average Shares | $8,071,032 (-0.27%) | $8,092,576 (40.31%) | $5,767,803 (-3.36%) | $5,968,096 (-6.44%) |
Weighted Average Shares Diluted | - | - | - | - |
Earning Before Interest & Taxes (EBIT) | $18,344,000 (-11.62%) | $20,755,000 (9.86%) | $18,893,000 (-16.76%) | $22,698,000 (132.80%) |
Gross Profit | $65,885,000 (-4.36%) | $68,892,000 (21.03%) | $56,923,000 (4.08%) | $54,689,000 (38.32%) |
Operating Income | $18,344,000 (-11.62%) | $20,755,000 (9.86%) | $18,893,000 (-16.76%) | $22,698,000 (132.80%) |
MBCN Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$43,289,000 (65.79%) | -$126,542,000 (-1362.24%) | -$8,654,000 (-112.21%) | $70,886,000 (152.38%) |
Net Cash Flow from Financing | $20,777,000 (-81.32%) | $111,213,000 (247.51%) | -$75,393,000 (4.84%) | -$79,231,000 (-140.11%) |
Net Cash Flow from Operations | $17,468,000 (-21.86%) | $22,356,000 (21.75%) | $18,362,000 (19.06%) | $15,422,000 (2.25%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$5,044,000 (-171.78%) | $7,027,000 (110.70%) | -$65,685,000 (-1028.15%) | $7,077,000 (-90.85%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | $18,406,000 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | -$42,513,000 (67.64%) | -$131,386,000 (-398.79%) | -$26,341,000 (-137.33%) | $70,566,000 (152.28%) |
Capital Expenditure | -$776,000 (29.20%) | -$1,096,000 (-52.43%) | -$719,000 (-18.84%) | -$605,000 (42.38%) |
Issuance (Repayment) of Debt Securities | $9,198,000 (-90.60%) | $97,803,000 (51.00%) | $64,769,000 (1640.65%) | -$4,204,000 (-133.95%) |
Issuance (Purchase) of Equity Shares | -$1,055,000 (76.59%) | -$4,506,000 (26.36%) | -$6,119,000 (49.83%) | -$12,197,000 (-934.52%) |
Payment of Dividends & Other Cash Distributions | -$6,457,000 (5.93%) | -$6,864,000 (-25.03%) | -$5,490,000 (-29.48%) | -$4,240,000 (-10.59%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $374,000 (0.00%) | $374,000 (21.82%) | $307,000 (-35.77%) | $478,000 (231.94%) |
Depreciation Amortization & Accretion | $1,153,000 (10.23%) | $1,046,000 (-48.24%) | $2,021,000 (-16.31%) | $2,415,000 (4.50%) |
MBCN Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) |
Profit Margin | 23.60% (-6.35%) | 25.20% (-8.36%) | 27.50% (-19.35%) | 34.10% (61.61%) |
EBITDA Margin | 29.60% (-6.33%) | 31.60% (-13.90%) | 36.70% (-20.04%) | 45.90% (50.49%) |
Return on Average Equity (ROAE) | 7.40% (-15.91%) | 8.80% (-17.76%) | 10.70% (-16.41%) | 12.80% (113.33%) |
Return on Average Assets (ROAA) | 0.80% (-20.00%) | 1.00% (-9.09%) | 1.10% (-21.43%) | 1.40% (133.33%) |
Return on Sales (ROS) | 27.80% (-7.64%) | 30.10% (-9.34%) | 33.20% (-20.00%) | 41.50% (68.02%) |
Return on Invested Capital (ROIC) | 1.00% (-16.67%) | 1.20% (-14.29%) | 1.40% (-22.22%) | 1.80% (125.00%) |
Dividend Yield | 2.90% (11.54%) | 2.60% (-13.33%) | 3.00% (7.14%) | 2.80% (3.70%) |
Price to Earnings Ratio (P/E) | 14.53 (-3.91%) | 15.13 (43.54%) | 10.54 (27.90%) | 8.24 (-52.03%) |
Price to Sales Ratio (P/S) | 3.44 (-9.63%) | 3.8 (36.96%) | 2.78 (2.59%) | 2.71 (-25.45%) |
Price to Book Ratio (P/B) | 1.07 (-15.62%) | 1.27 (59.45%) | 0.8 (-21.51%) | 1.02 (2.00%) |
Debt to Equity Ratio (D/E) | 7.8 (-0.78%) | 7.86 (4.33%) | 7.54 (-7.61%) | 8.16 (-6.00%) |
Earnings Per Share (EPS) | 1.93 (-9.81%) | 2.14 (-17.69%) | 2.6 (-13.62%) | 3.01 (129.77%) |
Sales Per Share (SPS) | 8.16 (-4.11%) | 8.51 (-13.74%) | 9.87 (7.69%) | 9.16 (47.85%) |
Free Cash Flow Per Share (FCFPS) | 2.07 (-21.28%) | 2.63 (-14.12%) | 3.06 (23.20%) | 2.48 (12.86%) |
Book Value Per Share (BVPS) | 26.09 (2.65%) | 25.42 (-25.85%) | 34.27 (40.75%) | 24.35 (8.02%) |
Tangible Assets Book Value Per Share (TABVPS) | 224.43 (2.04%) | 219.94 (-23.04%) | 285.77 (29.74%) | 220.26 (2.17%) |
Enterprise Value Over EBIT (EV/EBIT) | 15 (-6.25%) | 16 (166.67%) | 6 (500.00%) | 1 (-90.91%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 13.86 (-7.41%) | 14.97 (157.53%) | 5.81 (409.91%) | 1.14 (-87.23%) |
Asset Turnover | 0.04 (-7.69%) | 0.04 (-2.50%) | 0.04 (0.00%) | 0.04 (33.33%) |
Current Ratio | - | - | - | - |
Dividends | $0.8 (-5.88%) | $0.85 (4.94%) | $0.81 (17.39%) | $0.69 (15.00%) |
Free Cash Flow (FCF) | $16,692,000 (-21.49%) | $21,260,000 (20.50%) | $17,643,000 (19.07%) | $14,817,000 (5.59%) |
Enterprise Value (EV) | $270,230,448 (-17.20%) | $326,366,685 (168.46%) | $121,567,802 (324.71%) | $28,623,781 (-73.41%) |
Earnings Before Tax (EBT) | $18,344,000 (-11.62%) | $20,755,000 (9.86%) | $18,893,000 (-16.76%) | $22,698,000 (132.80%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $19,497,000 (-10.57%) | $21,801,000 (4.24%) | $20,914,000 (-16.72%) | $25,113,000 (108.22%) |
Invested Capital | $1,939,660,000 (2.42%) | $1,893,911,000 (13.31%) | $1,671,496,000 (38.38%) | $1,207,939,000 (-5.62%) |
Working Capital | - | - | - | - |
Tangible Asset Value | $1,811,392,000 (1.77%) | $1,779,885,000 (7.99%) | $1,648,246,000 (25.39%) | $1,314,532,000 (-4.41%) |
Market Capitalization | $226,392,448 (-13.58%) | $261,956,685 (65.76%) | $158,037,802 (6.78%) | $148,008,781 (3.12%) |
Average Equity | $208,407,500 (5.28%) | $197,955,500 (35.03%) | $146,602,500 (0.74%) | $145,526,000 (4.09%) |
Average Assets | $1,838,962,000 (3.67%) | $1,773,912,250 (25.47%) | $1,413,842,000 (3.86%) | $1,361,295,500 (2.47%) |
Invested Capital Average | $1,886,400,500 (4.97%) | $1,797,170,750 (33.32%) | $1,348,051,750 (8.15%) | $1,246,502,250 (-2.46%) |
Shares | 8,071,032 (-0.27%) | 8,092,576 (40.31%) | 5,767,803 (-3.36%) | 5,968,096 (-6.44%) |
