MIDDLEFIELD, Ohio, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today reported financial results for the twelve months ended December 31, 2025. Ronald L. Zimmerly, Jr., President and Chief Executive Officer, stated, “2025 was a strong year of operating and financial growth for Middlefield, driven by consistent execution and continued momentum across the Bank. We are pleased with the progress we’ve made and are focused on completing our merger with Farmers National Banc Corp., whic ...

CANFIELD, Ohio & MIDDLEFIELD, Ohio--(BUSINESS WIRE)--Farmers National Banc Corp. ("Farmers†) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield, and Middlefield Banc Corp. ("Middlefield†) (NASDAQ: MBCN), the holding company for The Middlefield Banking Company, jointly announced today that shareholders of Farmers and Middlefield each have approved the proposed merger of Middlefield with and into Farmers (the "Merger†). The Merger is expected to be completed during the. ...

分组1 - Middlefield Banc Corp. reported quarterly earnings of $0.38 per share, missing the Zacks Consensus Estimate of $0.65 per share, representing an earnings surprise of -41.54% [1] - The company posted revenues of $19.34 million for the quarter ended December 2025, which was 3.29% below the Zacks Consensus Estimate, compared to $17.47 million in the same quarter last year [2] - Over the last four quarters, Middlefield Banc has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times as well [2] 分组2 - The stock has added about 1.4% since the beginning of the year, while the S&P 500 has gained 1.7% [3] - The current consensus EPS estimate for the coming quarter is $0.62 on $20 million in revenues, and for the current fiscal year, it is $2.63 on $84 million in revenues [7] - The Zacks Industry Rank for Banks - Northeast is currently in the top 22% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

15985 East High Street P. O. Box 35 Middlefield, Ohio 44062 Phone: 440/632-1666 FAX: 440/632-1700 www.middlefieldbank.bank PRESS RELEASE Company Contact: Investor and Media Contact: Ronald L. Zimmerly, Jr. President and Chief Executive Officer Middlefield Banc Corp. (419) 673-1217 rzimmerly@middlefieldbank.com Andrew M. Berger Managing Director SM Berger & Company, Inc. (216) 464-6400 andrew@smberger.com Middlefield Banc Corp. Reports 2025 Twelve-Month Financial Results MIDDLEFIELD, OHIO, February 10, 2026 ...

MIDDLEFIELD, Ohio, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today announced that its Board of Directors declared a quarterly cash dividend of $0.21 per common share. The 2026 first-quarter dividend is payable on February 27, 2026, to shareholders of record on February 17, 2026. About Middlefield Banc Corp. Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the Bank holding Company of The Middlefield Banking Company, with total assets of $1.98 billion at September 3 ...

Core Viewpoint - Middlefield Banc Corp. (MBCN) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of exceeding expectations [1]. Earnings Performance - Middlefield Banc has a solid track record of surpassing earnings estimates, with an average surprise of 17.45% over the last two quarters [2]. - In the most recent quarter, the company reported earnings of $0.65 per share against an expectation of $0.64, resulting in a surprise of 1.56% [2]. - For the previous quarter, the consensus estimate was $0.57 per share, while the actual earnings were $0.76 per share, leading to a surprise of 33.33% [2]. Earnings Estimates and Predictions - Estimates for Middlefield Banc have been trending upward, influenced by its history of earnings surprises [5]. - The company currently has a positive Zacks Earnings ESP of +1.54%, indicating that analysts are optimistic about its earnings prospects [8]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a strong possibility of another earnings beat [8]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [7]. Importance of Earnings ESP - It is crucial for investors to check a company's Earnings ESP prior to its quarterly release to enhance the likelihood of successful investment decisions [10].

Core Viewpoint - Institutional Shareholder Services, Inc. (ISS) has recommended shareholders of Middlefield Banc Corp. to vote "FOR" the proposed merger with Farmers National Banc Corp. at the Special Meeting of Shareholders scheduled for February 10, 2026 [1][2] Company Overview - Middlefield Banc Corp. is headquartered in Middlefield, Ohio, and serves as the holding company for The Middlefield Banking Company, which has total assets of $1.98 billion as of September 30, 2025 [4] - The bank operates 21 full-service banking centers and a brokerage office, providing services across various locations in Ohio [4] Merger Details - The proposed merger involves Middlefield Banc Corp. merging into Farmers National Banc Corp., which is the holding company for The Farmers National Bank of Canfield [1] - Shareholders are encouraged to vote promptly on the merger and other proposals, with additional information available in the joint proxy statement/prospectus distributed to shareholders [3][5] Voting Information - Shareholders who have not yet voted are reminded to do so before the proxy deadline of February 9, 2026, at 11:59 p.m. ET [1][3] - Assistance with voting can be obtained by contacting Alliance Advisors [4] Regulatory Filings - Relevant materials regarding the proposed merger have been filed with the U.S. Securities and Exchange Commission (SEC), including a Registration Statement on Form S-4 and a definitive joint proxy statement/prospectus [5][6] - The joint proxy statement/prospectus has been mailed to shareholders and is available for free on the SEC's website and the websites of Farmers and Middlefield [7]

Core Viewpoint - The proposed sale of Middlefield Banc Corp. to Farmers National Banc Corp. is under investigation to assess whether the terms of the transaction adequately reflect the value of Middlefield Banc Corp. [1] Group 1: Transaction Details - Shareholders of Middlefield Banc Corp. will receive 2.6 shares of Farmers National Banc Corp. common stock for each share they own in Middlefield [1] Group 2: Legal Investigation - Kahn Swick & Foti, LLC is investigating the adequacy of the proposed transaction and the process leading to it, focusing on whether the consideration undervalues Middlefield Banc Corp. [1]

Core Points - Middlefield Banc Corp. declared a quarterly cash dividend of $0.21 per common share, payable on December 12, 2025, to shareholders of record on November 28, 2025 [1] - The company has total assets of $1.98 billion as of September 30, 2025, and operates 21 full-service banking centers and a brokerage office [2] Company Overview - Middlefield Banc Corp. is headquartered in Middlefield, Ohio, and serves various locations through its banking centers and a Loan Production Office in Mentor, Ohio [2] - The company is the bank holding company for The Middlefield Banking Company [2]

Financial Performance - Third quarter diluted earnings increased to $0.65 per share, driving year-to-date earnings of $2.01 per share[118]. - Pre-tax, pre-provision earnings increased 37.3% to $6.8 million[118]. - The company recorded net income of $6.157 million for the three months ended September 30, 2025[126]. - Net income for the three months ended September 30, 2025, was $5.3 million, a 127.4% increase from the same period in 2024[154]. - Net interest income for the three months ended September 30, 2025, totaled $17.6 million, a 16.5% increase from the comparable period in 2024[156]. - Noninterest income increased by $2.0 million, or 38.6%, for the nine months ended September 30, 2025, driven by a one-time, non-cash gain of $1.2 million from a real estate exchange[166]. - Noninterest expense for the nine months ended September 30, 2025, was $38.9 million, an increase of 9.0% or $3.2 million compared to the same period in 2024[168]. Asset and Loan Growth - Total loans increased $102.5 million, or 6.8%, to a record $1.61 billion[118]. - Total assets increased $121.3 million, or 6.5%, to a record $1.98 billion[118]. - Total loans rose by $87.4 million, or 5.8%, to $1.61 billion as of September 30, 2025, from $1.52 billion as of December 31, 2024[132]. - The owner-occupied commercial real estate loans increased by $40.2 million, or 22.1%, to $221.6 million, while non-owner occupied loans decreased by $21.9 million, or 5.3%, to $390.4 million[132]. - Total assets reached $1,947,888 in 2025, an increase from $1,851,490 in 2024, representing a growth of 5.20%[172]. Equity and Capital - Book value increased 6.1% to $27.71 from $26.11 per share[118]. - Stockholders' equity increased by $13.6 million, representing a growth of 6.4%[127]. - Stockholders' equity increased to $219,278 in 2025, compared to $209,096 in 2024, indicating a growth of 4.00%[172]. - The Company met all well-capitalized ratio guidelines as of September 30, 2025, with Tier 1 Risk-Based Capital at 11.00%[193]. Interest and Yield - Net interest margin expanded 33 basis points to 3.79%[118]. - The average yield on loans receivable rose to 6.29% in 2025 from 6.19% in 2024, contributing to an increase in interest income[178]. - The interest rate spread improved to 2.90% in 2025 from 2.48% in 2024, reflecting improved profitability on interest-earning assets[178]. - Interest and dividend income increased by $2.0 million, or 7.8%, for the three months ended September 30, 2025, primarily due to a $2.0 million increase in interest and fees on loans[159]. Credit Quality and Losses - Nonperforming assets totaled $29.928 million, with a nonperforming loans to total loans ratio of 1.86%[123]. - The allowance for credit losses was $23.029 million, equating to 1.43% of total loans[123]. - Nonperforming loans in the commercial real estate segment totaled $25.6 million at September 30, 2025, with an allowance for credit losses to loans ratio of 1.29%[138]. - The provision for credit losses recorded for the three months ended September 30, 2025, was $392,000, significantly lower than the $2.2 million provision for the same period in the prior year[163]. Deposits and Liabilities - Total liabilities increased by $112.0 million to $1.75 billion, with total deposits rising by $176.6 million[127]. - Total deposits increased by $176.6 million to $1.62 billion, a 12.22% increase compared to $1.45 billion on December 31, 2024[147]. - Noninterest-bearing demand deposits increased by $32.7 million, or 8.66%, to $410.6 million at September 30, 2025[148]. Risk Management and Liquidity - The company has implemented heightened risk management procedures for its commercial real estate portfolio, including stress testing and independent loan monitoring[137]. - The company aims to maintain liquidity through customer deposits, loan repayments, and maturing investment securities, ensuring timely cash flow management[183]. - The company has the option to borrow from the Federal Reserve discount window, with a capacity of $132.6 million as of September 30, 2025[184]. - As of September 30, 2025, total net available liquidity was $864.8 million, accounting for 53.3% of total deposits, a decrease from 59.4% at December 31, 2024[185].