Middlefield Banc Corp. (MBCN) Tops Q4 Earnings and Revenue Estimates

Group 1 - Middlefield Banc Corp. reported quarterly earnings of $0.60 per share, exceeding the Zacks Consensus Estimate of $0.47 per share, and up from $0.44 per share a year ago, representing an earnings surprise of 27.66% [1] - The company posted revenues of $17.47 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 2.46%, compared to year-ago revenues of $16.98 million [2] - Over the last four quarters, Middlefield Banc has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Group 2 - The stock has underperformed, losing about 11.7% since the beginning of the year, while the S&P 500 has gained 3.5% [3] - The current consensus EPS estimate for the coming quarter is $0.43 on revenues of $17.05 million, and for the current fiscal year, it is $1.86 on revenues of $69.65 million [7] - The Zacks Industry Rank for Banks - Northeast is currently in the top 20% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]