Financials Middlefield Banc Corp.

Equities

MBCN

US5963042040

Banks

Market Closed - Nasdaq Other stock markets 04:00:00 2025-06-20 pm EDT			5-day change	1st Jan Change
30.34 ^USD	+3.55%		+7.44%	+8.16%

Apr. 24	Tranche Update on Middlefield Banc Corp.'s Equity Buyback Plan announced on April 16, 2019.	CI
Apr. 24	Middlefield Banc Corp. Reports Earnings Results for the First Quarter Ended March 31, 2025	CI

Projected Income Statement: Middlefield Banc Corp.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	49.38	55.48	56.92	71.89	67.89	74.33	78.07
Change	-	12.35%	2.61%	26.3%	-5.57%	9.49%	5.02%
EBITDA	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
EBIT ¹	19.59	23.4	24.4	23.76	20.35	24.47	26.23
Change	-	19.44%	4.29%	-2.64%	-14.33%	20.22%	7.22%
Interest Paid	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	22.7	18.89	20.76	18.34	22.12	21.78
Change	-	-	-16.76%	9.86%	-11.62%	20.61%	-1.58%
Net income ¹	8.349	18.63	15.67	17.37	15.52	17.95	17.89
Change	-	123.18%	-15.89%	10.81%	-10.65%	15.66%	-0.33%
Announcement Date	1/26/21	1/25/22	1/27/23	1/26/24	1/23/25	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	12.22	13.17	12.88	14.12	13.52	14.32	13.52	12.87	13.41	14.14	16.5	-	18.95	17.78	16.98	16.76	16.84	16.82	17.47	18.04	18.3	18.83	19.03	18.93	19.27	19.97	20.27
Change	-	7.77%	-2.19%	9.59%	-4.23%	5.9%	-5.53%	-4.84%	4.2%	5.47%	16.62%	-	-	-6.13%	-4.53%	-1.25%	0.47%	-0.16%	3.88%	3.28%	1.43%	2.91%	1.06%	-0.53%	1.76%	3.63%	1.5%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	4.531	6.148	5.056	5.763	5.593	6.378	5.664	4.605	5.455	5.649	7.613	-	6.892	5.666	4.806	4.806	4.941	4.945	5.666	5.849	6.033	6.133	6.233	5.9	6.333	6.9	7.1
Change	-	35.69%	-17.76%	13.98%	-2.95%	14.04%	-11.19%	-18.7%	18.46%	3.56%	34.77%	-	-	-17.79%	-15.18%	0%	2.81%	0.08%	14.58%	3.23%	3.15%	1.66%	1.63%	-5.35%	7.34%	8.95%	2.9%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	3.531	2.148	2.956	5.063	5.393	6.378	5.864	4.605	4.876	5.259	4.153	5.885	6.078	4.539	4.252	4.936	4.854	2.711	5.843	5.754	5.5	5.275	5.35	4.9	5.2	5.725	5.95
Change	-	-39.17%	37.62%	71.28%	6.52%	18.26%	-8.06%	-21.47%	5.88%	7.85%	-21.03%	41.7%	3.28%	-25.32%	-6.32%	16.09%	-1.66%	-44.15%	115.53%	-1.52%	-4.41%	-4.09%	1.42%	-8.41%	6.12%	10.1%	3.93%
Net income ¹	2.966	1.853	2.489	4.167	4.425	5.204	4.837	3.833	4.089	4.249	3.502	4.896	5.092	3.836	3.543	4.167	4.164	2.34	4.848	4.83	4.513	4.275	4.304	3.952	4.462	4.648	4.827
Change	-	-37.53%	34.32%	67.42%	6.19%	17.6%	-7.05%	-20.76%	6.68%	3.91%	-17.58%	39.81%	4%	-24.67%	-7.64%	17.61%	-0.07%	-43.8%	107.18%	-0.37%	-6.57%	-5.26%	0.67%	-8.17%	12.9%	4.17%	3.85%
Announcement Date	7/22/20	10/21/20	1/26/21	4/20/21	7/16/21	10/18/21	1/25/22	4/21/22	7/18/22	10/18/22	1/27/23	4/24/23	7/24/23	10/23/23	1/26/24	4/30/24	7/18/24	10/17/24	1/23/25	4/24/25	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Middlefield Banc Corp.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Announcement Date	1/26/21	1/25/22	1/27/23	1/26/24	1/23/25	-	-

Estimates

Cash Flow Forecast: Middlefield Banc Corp.

Fiscal Period: December	2019	2020	2021	2022	2023	2024
CAPEX ¹	1.897	1.077	0.605	0.884	1.096	0.776
Change	-	-43.23%	-43.83%	46.12%	23.98%	-29.2%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	3/4/20	3/12/21	3/15/22	3/15/23	3/28/24	3/13/25

¹USD in Million

Estimates

Forecast Financial Ratios: Middlefield Banc Corp.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	39.67%	42.18%	42.87%	33.04%	29.98%	32.91%	33.6%
EBT Margin (%)	-	-	40.91%	33.19%	28.87%	27.02%	29.76%	27.89%
Net margin (%)	-	16.91%	33.59%	27.53%	24.16%	22.86%	24.15%	22.92%
FCF margin (%)	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.64%	1.36%	1.17%	0.99%	0.84%	0.94%	0.9%
ROE	-	5.87%	12.74%	11.25%	8.83%	7.48%	8.29%	7.8%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	0.6	0.69	0.81	0.85	0.8	0.84	0.86
Change	-	-	15%	17.39%	4.94%	-5.88%	5%	2.38%
Book Value Per Share ¹	-	22.54	24.68	23.98	25.41	26.08	27.51	28.82
Change	-	-	9.49%	-2.84%	5.96%	2.64%	5.49%	4.76%
EPS ¹	-	1.3	3	2.59	2.14	1.92	2.222	2.19
Change	-	-	130.77%	-13.67%	-17.37%	-10.28%	15.76%	-1.46%
Nbr of stocks (in thousands)	-	6,379	5,968	8,403	8,093	8,071	8,081	8,081
Announcement Date	-	1/26/21	1/25/22	1/27/23	1/26/24	1/23/25	-	-