MBCN: Middlefield Banc Corp Financial Statements

Balance sheet, income statement, and cash flow statements for Middlefield Banc Corp (MBCN).

OverviewDividends

$226.39M Market Cap.

As of 03/13/2025 5:00 PM ET (MRY) • Disclaimer

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%)