MainStreet Bancshares(MNSB)

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MainStreet Bancshares(MNSB) - 2024 Q2 - Quarterly Results
2024-07-29 11:59
Exhibit 99.1 The Bank maintains a strong portfolio of earning assets, with very nominal AOCI exposure. The loan portfolio remains solid with net charge offs representing a mere eight basis points of average gross loans. Nonperforming assets account for 0.99% of total assets. "We continue to carefully underwrite each loan opportunity and the lending team remains engaged with each borrower throughout their project lifecycle. If a borrower experiences a challenge, we work with them to face that challenge promp ...
MainStreet Bank's Tom Floyd Honored by Independent Banker Magazine As Emerging Community Bank Leader
Prnewswire· 2024-06-04 13:35
FAIRFAX, Va., June 4, 2024 /PRNewswire/ -- MainStreet Bank and its parent company, MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), are pleased to announce that Executive Vice President and Chief Lending Officer Tom Floyd has been honored as one of the nation's best and brightest young bankers. Chief Lending Officer Is Named to Prestigious 40 under 40 List Tom Floyd, Chief Lending Officer of MainStreet Bank (PRNewsfoto/MainStreet Bancshares, Inc.) Floyd has worked in banking across the Washington metropo ...
MainStreet Bancshares(MNSB) - 2024 Q1 - Quarterly Report
2024-05-13 15:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to to Commission file number: 001-38817 MainStreet Bancshares, Inc. (Exact Name of Registrant as Specified in Its Charter) Virginia 81-2871064 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 10089 ...
MainStreet Bancshares(MNSB) - 2024 Q1 - Earnings Call Transcript
2024-04-22 20:32
MainStreet Bancshares, Inc. (NASDAQ:MNSB) Q1 2024 Earnings Conference Call April 22, 2024 2:00 PM ET Company Participants Jeff Dick - Chairman and Chief Executive Officer Alex Vari - Chief Accountant Tom Floyd - Chief Lending Officer Tom Chmelik - Chief Financial Officer Ben Baboval - Chief Risk Officer Conference Call Participants Chris Marinac - Janney Montgomery Scott Operator Good morning, our virtual earnings webcast. My name is Jeff Dick and I'm the Chairman and CEO of Main Street Bank Shares, Inc., a ...
MainStreet Bank (MNSB) Q1 Earnings and Revenues Lag Estimates
Zacks Investment Research· 2024-04-22 14:11
MainStreet Bank (MNSB) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $1.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -30.77%. A quarter ago, it was expected that this company would post earnings of $0.68 per share when it actually produced earnings of $0.61, delivering a surprise of -10.29%.Over the last four quarters, the compan ...
MainStreet Bancshares(MNSB) - 2024 Q1 - Quarterly Results
2024-04-22 12:01
Exhibit 99.1 PRESS RELEASE Contact: Debra Cope April 22, 2024 8:00 AM ET Director of Corporate Communications Desk (703) 481-4599 Mobile (202) 468-3184 MainStreet Bancshares Inc. reports a profitable first quarter Strong credit quality and no adverse loan portfolio trends FAIRFAX, Va., April 22, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), the holding company for MainStreet Bank, reported net income of $2.77 million for the first quarter of 2024. "Our loan portfolio was well-posi ...
MainStreet Bancshares Inc. Reports a Profitable First Quarter
Prnewswire· 2024-04-22 12:00
Strong credit quality and no adverse loan portfolio trends FAIRFAX, Va., April 22, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), the holding company for MainStreet Bank, reported net income of $2.77 million for the first quarter of 2024. "Our loan portfolio was well-positioned for the current interest rate cycle and continues to generate strong and sustainable interest income. During the first quarter of 2024, we experienced an uptick in deposit costs, compressing the net interes ...
MainStreet Bancshares(MNSB) - 2023 Q4 - Annual Report
2024-03-20 19:34
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-38817 MainStreet Bancshares, Inc. (Exact name of Registrant as specified in its Charter) Virginia 81-2871064 (State or other jurisdic ...
MainStreet Bancshares(MNSB) - 2023 Q3 - Quarterly Report
2023-11-13 17:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to to Commission file number: 001-38817 MainStreet Bancshares, Inc. (Exact Name of Registrant as Specified in Its Charter) Virginia 81-2871064 (State or O ...
MainStreet Bancshares(MNSB) - 2023 Q2 - Quarterly Report
2023-08-11 13:26
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to to Commission file number: 001-38817 MainStreet Bancshares, Inc. (Exact Name of Registrant as Specified in Its Charter) Virginia 81-2871064 (State or Other ...