Financial Performance - For the three months ended September 30, 2025, net interest income increased to $17,102,000, up from $15,343,000 in the same period of 2024, representing a growth of 11.4%[10] - Net income for the three months ended September 30, 2025, was $4,517,000, compared to $265,000 in the same period of 2024, marking a substantial increase of 1,607.5%[10] - Earnings per common share for the three months ended September 30, 2025, were $0.52, compared to a loss of $(0.04) per share in 2024[10] - Comprehensive income for the three months ended September 30, 2025, was $5,560,000, significantly higher than $1,934,000 in 2024, representing an increase of 187.5%[12] - Net income for the nine months ended September 30, 2025, was $11,560,000, an increase from $6,187,000 in the same period of 2024, representing an 87.5% growth[15] - Net income available to common shareholders for the nine months ended September 30, 2025, was $9,943,000, up from $4,570,000 in 2024, indicating a year-over-year growth of 117%[95] Income and Expenses - Non-interest income for the nine months ended September 30, 2025, totaled $3,126,000, an increase from $2,446,000 in 2024, reflecting a growth of 27.8%[10] - Total non-interest expense decreased to $12,667,000 for the three months ended September 30, 2025, down from $13,219,000 in 2024, a decline of 4.2%[10] - Total consolidated interest expense for the three months ended September 30, 2025, was $15,362,000, leading to a segment gross profit of $18,224,000[99] - The total accumulated other comprehensive loss as of September 30, 2025, was $6,421,000, an improvement from $7,711,000 as of December 31, 2024[96] Credit Losses and Provisions - The provision for credit losses on loans was $(66,000) for the three months ended September 30, 2025, compared to $3,125,000 in the same period of 2024, indicating a significant reduction in credit loss provisions[10] - The allowance for credit losses on loans was $18.83 million as of September 30, 2025, down from $19.45 million as of December 31, 2024, reflecting a reduction of approximately 3.2%[47] - The total allowance for credit losses reflects the company's proactive approach to managing potential credit risks associated with its loan portfolio[55] - The company reported charge-offs of $235,000 for the three months ended September 30, 2025, compared to $1.91 million for the same period in 2024, indicating a significant decrease in charge-offs[47] Assets and Equity - Total stockholders' equity increased to $218,363,000 as of September 30, 2025, up from $207,991,000 at the end of 2024, reflecting a growth of 5.5%[13] - Cash and cash equivalents decreased to $127,294,000 at the end of September 2025, down from $232,114,000 at the end of September 2024, a decline of 45.1%[15] - The company’s total assets as of September 30, 2025, were not explicitly stated but can be inferred to have increased given the growth in equity and net income[16] Loans and Loan Portfolio - The company experienced a net decrease in loan portfolio of $15,223,000 for the nine months ended September 30, 2025, contrasting with a significant decrease of $96,444,000 in the same period of 2024[15] - The total gross loans decreased to $1.81 billion as of September 30, 2025, from $1.83 billion as of December 31, 2024, representing a decline of approximately 1.6%[43] - The net loans amount was $1.79 billion as of September 30, 2025, compared to $1.81 billion as of December 31, 2024, indicating a decrease of about 1.5%[43] - Total non-accrual loans as of September 30, 2025, amounted to $23,386,000, an increase from $1,162,000 in single-family residential real estate loans as of December 31, 2024[48] Investments and Securities - As of September 30, 2025, the total fair value of available-for-sale investment securities was $58,338,000, with unrealized losses of $8,376,000[33] - The amortized cost of held-to-maturity (HTM) securities was $14,293,000 as of September 30, 2025, with a fair value of $14,221,000[35] - The company did not record an allowance for credit losses on its securities available-for-sale or held-to-maturity portfolio as of September 30, 2025, and December 31, 2024[32] Strategic Initiatives - The company made a strategic decision to pivot away from certain Banking as a Service (BaaS) services, incurring nonrecurring costs related to this transition[103] - MainStreet Community Capital, LLC, a wholly owned subsidiary, was established in September 2021 to provide loans and investments in Low-Income Communities, certified as a registered CDE in January 2022[19] Miscellaneous - The financial statements are unaudited but include all necessary adjustments for fair presentation, with balances as of December 31, 2024 derived from audited consolidated financial statements[22] - The Company completed the registration of its common stock with the SEC on April 18, 2019, and is now classified as an accelerated filer effective with the filing of the December 31, 2024 Annual Report on Form 10-K[17] - The Company was approved to list shares of its common stock on the Nasdaq Capital Market under the symbol "MNSB" as of April 22, 2019[18]

Financial Performance - MainStreet Bancshares, Inc. reported a net income of $4.52 million and earnings per share of $0.52 for Q3 2025, exceeding expectations of $4.48 million and $0.51 respectively[1] - Net income available to common shareholders was $9,943 million, a substantial increase from $4,570 million, representing a growth of 117.5%[10] - Earnings per common share increased to $1.29, compared to $0.60 in the previous year, reflecting a growth of 115%[10] - Earnings per common share for Q3 2025 was $0.52, compared to a loss of $0.04 in Q3 2024, marking a significant improvement[20] Asset and Liability Management - Total assets as of September 30, 2025, amounted to $2,124.79 million, a slight increase from $2,114.78 million in June 2025[8] - Total liabilities for the nine months ended September 30, 2025, were $1,924,312 thousand, compared to $1,861,205 thousand for the same period in 2024[18] - Stockholders' equity as of September 30, 2025, was $215,039 thousand, down from $225,645 thousand as of September 30, 2024[16] Interest Income and Margin - Total interest income for the year-to-date increased to $99,713 million, up from $99,496 million, reflecting a growth of 0.2%[10] - Net interest income after provision for credit losses rose to $52,801 million, compared to $43,177 million, marking a significant increase of 22.5%[10] - Net interest income (GAAP) for Q3 2025 was $17,102 million, up from $15,343 million in Q3 2024, representing a 11.5% increase[23] - The net interest margin (FTE) increased to 3.42% in Q3 2025 from 3.05% in Q3 2024, suggesting improved profitability on earning assets[20] Credit Quality - The provision for credit losses decreased significantly to $(398) million from $3,356 million, indicating improved credit quality[10] - The allowance for credit losses on loans to total gross loans was 1.04% as of September 30, 2025, up from 1.02% a year earlier, reflecting a cautious approach to credit risk[20] - Non-performing loans decreased to $23,386,000 in Q3 2025 from $28,264,000 in Q3 2024, showing improvement in asset quality[20] Deposits and Funding - Total deposits reached $1,810.84 million as of September 30, 2025, compared to $1,798.55 million in June 2025, reflecting a growth in customer deposits[8] - Non-interest bearing deposits were $324.72 million as of September 30, 2025, down from $330.05 million in June 2025[8] - Core customer funding sources decreased by 3.0% to $1,289,952 million compared to $1,329,804 million, indicating a shift in funding strategy[12] Operational Efficiency - The efficiency ratio improved to 69.50% in Q3 2025 from 81.45% in Q3 2024, indicating better cost management relative to income[20] - Total non-interest expenses rose to $41,726 million, an increase of 8.0% from $38,536 million, driven by higher salaries and employee benefits[10] - The number of full-time equivalent employees decreased to 174 in Q3 2025 from 201 in Q3 2024, indicating potential operational restructuring[20] Market Performance - The common shares closing stock price rose to $20.83 as of September 30, 2025, compared to $18.45 a year prior, reflecting positive market sentiment[20] - Common shares outstanding at the end of Q3 2025 were 7,703,579, slightly up from 7,602,783 in Q3 2024[20] Strategic Initiatives - The Board of Directors authorized a new stock repurchase program of up to $10.0 million, replacing the previous program announced in May 2022[2] - The company continues to focus on lending opportunities in government contracting, commercial real estate, and construction sectors[2]

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 ☐ 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) ( ...

Financial Performance - MainStreet Bancshares reported a net income of $4.6 million for Q2 2025, an increase of $2.1 million from the previous quarter[1]. - Earnings per common share increased to $0.53, exceeding market expectations[1]. - Net income available to common shareholders was $5,965 million, compared to $4,845 million, indicating a 23% increase[10]. - Earnings per common share increased to $0.78 from $0.64, representing a growth of 22%[10]. - For the six months ended June 30, 2025, net interest income increased to $35,441,000 from $31,333,000 for the same period in 2024, representing a growth of 13.4%[18]. - Earnings per common share for the six months ended June 30, 2025, rose to $0.78, compared to $0.64 for the same period in 2024, an increase of 21.9%[20]. Interest Income and Margin - The net interest margin expanded to 3.75%, up 45 basis points from the previous quarter, contributing to a net interest income of $19.3 million, which grew by $2.8 million[1]. - Total interest income for the year-to-date increased to $67,249 million, up from $65,905 million in the previous year, representing a growth of 2%[10]. - Net interest income after provision for credit losses rose to $35,843 million, compared to $30,747 million, marking an increase of 17%[10]. - Net interest income (GAAP) for Q2 2025 was $18,790 million, up from $15,565 million in Q2 2024, representing a 20.0% increase[23]. - Net interest margin (GAAP) improved to 3.74% in Q2 2025 from 3.18% in Q2 2024, indicating a significant enhancement in profitability[23]. Asset and Deposit Management - Total assets as of June 30, 2025, were $2.114 billion, a decrease from $2.223 billion at the end of Q1 2025[8]. - Total deposits decreased to $1.799 billion from $1.908 billion in the previous quarter[8]. - The loan to deposit ratio remained strong at 99%, indicating effective management of deposits in line with loan funding needs[2]. - Total Deposits fell by 5.8% from $1,908,325 million in March 2025 to $1,798,547 million in June 2025, with a year-over-year increase of 2.5%[12]. - Core customer funding sources totaled $1,329,804 million, representing 71.1% of total funding sources[12]. Loan Portfolio and Credit Quality - The loan portfolio is reported to be in great shape, supported by strong credit discipline and community knowledge[2]. - Total Gross Loans decreased by 2.4% from $1,835,928 million in March 2025 to $1,790,973 million in June 2025, with a year-over-year decline of 0.6%[12]. - Non-performing loans decreased to $7,169,000 as of June 30, 2025, from $20,691,000 as of June 30, 2024[20]. - The allowance for credit losses on loans to total gross loans was 1.07% as of June 30, 2025, compared to 0.95% as of June 30, 2024[20]. Non-Interest Income and Expenses - Non-interest income totaled $2,005 million, up from $1,560 million, reflecting a growth of 28% year-over-year[10]. - Total non-interest expenses increased to $29,059 million from $25,316 million, which is a rise of 15%[10]. Capital and Shareholder Value - The company has approximately $3.1 million available for share repurchases as part of its strategic capital plan[2]. - The common shares closing stock price increased to $18.90 as of June 30, 2025, compared to $17.73 as of June 30, 2024[20]. - Tangible common stockholders' equity (non-GAAP) as of June 30, 2025, was $186,207 million, an increase from $180,247 million as of June 30, 2024, showing a 3.3% growth[23]. - Tangible book value per common share (non-GAAP) increased to $24.17 in Q2 2025 from $23.72 in Q2 2024, representing a 1.9% growth[23]. Efficiency and Ratios - The efficiency ratio improved to 77.90% for the six months ended June 30, 2025, down from 77.30% for the same period in 2024[20]. - The return on average assets (annualized) improved to 0.66% for the six months ended June 30, 2025, compared to 0.58% for the same period in 2024[20]. - The total risk-based capital ratio was 16.44% as of June 30, 2025, compared to 16.78% as of June 30, 2024[20].

Core Insights - MainStreet Bancshares, Inc. reported a net income of $4.6 million for the quarter ended June 30, 2025, an increase of $2.1 million from the previous quarter, driven by a net interest margin expansion to 3.75%, up by 45 basis points [1] - The company's net interest income rose by $2.8 million to $19.3 million, with earnings per common share increasing to $0.53, surpassing market expectations [1] - The loan to deposit ratio remained strong at 99%, indicating effective management of deposits in alignment with loan funding needs [2] Financial Performance - The total assets of MainStreet Bancshares as of June 30, 2025, were $2,114.8 million, a decrease from $2,222.8 million in the previous quarter [7] - Total deposits decreased to $1,798.5 million from $1,908.3 million, reflecting a 5.8% decline [8] - The company maintained a strong capital position with total stockholders' equity of $213.5 million [8] Loan and Deposit Details - The total gross loans amounted to $1,790.9 million, a decrease of 2.4% from the previous quarter [9] - The composition of loans included 18.3% in construction and land development loans, 25.3% in residential real estate loans, and 50.9% in commercial real estate loans [9] - Non-interest bearing deposits accounted for 18.4% of total deposits, while interest-bearing deposits made up the remaining 81.6% [9] Strategic Initiatives - The company has an active share repurchase plan with approximately $3.1 million in available capacity, indicating a commitment to returning value to shareholders [2] - MainStreet Bank continues to focus on enhancing customer experience through robust online and mobile banking solutions [3][4] - The bank's commitment to credit discipline has resulted in a well-managed loan portfolio, contributing to the overall financial performance [2]

OR 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 March 31, 2025 ☐ 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 ...

Financial Performance - The company's Earnings Per Share (EPS) for 1Q25 was $0.25[24] - The Return on Average Assets (ROAA) for 1Q25 was 0.46%[24] compared to (2.80%) in 4Q24[24] - The Net Interest Margin for 1Q25 was 3.30%[24] compared to 2.96% in 4Q24[24] - Net Income to Common Shareholders (Loss) was $1.914 million in Q1'25[63] compared to -$16.706 million in Q4'24[63] Balance Sheet and Liquidity - Total assets were $2.223 billion as of 1Q25[24] - Total deposits were $1.908 billion as of 1Q25[24] - The Liquidity Coverage Ratio (LCR) for 1Q25 was 225%[25] - High quality liquid assets totaled $274 million in 1Q25[25] Loan Portfolio - Net loans totaled $1.812 billion as of 1Q25[24] - Residential Real Estate loans accounted for 11% of the loan portfolio[36], Construction loans accounted for 19%[36], C&I loans accounted for 6%[36], Multi-Family loans accounted for 13%[36], Owner-Occupied CRE loans accounted for 20%[36], and Non-Owner Occupied CRE loans accounted for 31%[36]

Financial Performance - MainStreet Bancshares reported a first quarter net income of $2.5 million, with earnings per common share at $0.25[1]. - Net income available to common shareholders was $1,914 million, a recovery from a loss of $16,706 million in the previous quarter[12]. - Earnings per common share (basic and diluted) decreased to $0.25 in Q1 2025 from $0.36 in Q1 2024, indicating a decline of approximately 30.56%[20]. - The return on average assets (annualized) decreased to 0.46% in Q1 2025 from 0.65% in Q1 2024, showing a decline of 29.23%[20]. - The efficiency ratio worsened to 82.03% in Q1 2025 from 76.01% in Q1 2024, suggesting increased operational costs relative to income[20]. Interest Income and Margin - Total interest income for the three months ended March 31, 2025, was $32,963 million, a decrease from $35,119 million in the previous quarter[12]. - Net interest income after provision for credit losses was $16,510 million, compared to $12,634 million in the previous quarter, reflecting a significant recovery[12]. - For the three months ended March 31, 2025, net interest income was $16,580,000, compared to $15,697,000 for the same period in 2024, reflecting an increase in net interest margin to 3.30% from 3.29%[18]. - Net interest income (GAAP) for Q1 2025 was $16,510 million, an increase from $15,625 million in Q1 2024, representing a growth of 5.67%[23]. - Net interest margin (GAAP) improved to 3.28% in Q1 2025 from 3.27% in Q1 2024[23]. Deposits and Loans - Total deposits remained stable at $1.9 billion, with funding costs improving by 24 basis points to 3.49%[2]. - Total gross loans reached $1,835,928 million, showing a slight increase of 0.1% from the previous quarter[14]. - Non-performing loans held steady at $21.7 million, with an additional $11.2 million expected to pay off in the second quarter[3]. - Non-performing loans increased to $21,665,000 in Q1 2025 from $9,263,000 in Q1 2024, indicating a significant rise of 134.66%[20]. - The loan-to-deposit ratio was 96%, indicating efficient utilization of deposit funds for lending[2]. Asset Management - Total assets were reported at $2.2 billion, with gross loans stable at $1.8 billion[3]. - The total assets increased to $2,155,461,000 as of March 31, 2025, compared to $2,037,469,000 as of March 31, 2024, representing a growth of 5.79%[18]. - Total assets (GAAP) as of March 31, 2025, were $2,222,845 million, up from $2,070,015 million in 2024, reflecting a growth of 7.37%[23]. Cost Management - Total non-interest income increased to $939 million from $807 million in the previous quarter, driven by higher deposit account service charges[12]. - Total non-interest expenses decreased to $14,314 million from $34,431 million in the previous quarter, indicating improved cost management[12]. - The company reported a provision for credit losses of $0 million for the current quarter, a significant improvement from $3,407 million in the previous quarter[12]. Technology and Operations - The Avenu technology initiative will not move forward, allowing the company to focus on its core banking operations[4]. - MainStreet Bank operates six branches and offers a fully integrated online and mobile banking solution[4]. - The bank continues to enhance its product offerings, including government contracting lines of credit and commercial real estate loans[5]. - MainStreet Bank was the first community bank in the Washington, D.C. area to provide a full online business banking solution[6]. Stock Performance and Workforce - The common shares closing stock price fell to $16.72 as of March 31, 2025, from $18.16 a year prior, reflecting a decrease of 7.99%[20]. - The number of full-time equivalent employees decreased to 182 in Q1 2025 from 191 in Q1 2024, indicating a reduction in workforce[20].