Why Middlefield Banc Stock Crushed It Today

Core Insights - Middlefield Banc experienced a significant day with a stock increase of over 17% following the announcement of its quarterly results and a merger with Farmers National Banc [1][5] Financial Performance - Middlefield Banc reported a total revenue increase of 18% year over year, reaching $19.9 million, and a GAAP net income that more than doubled from $2.3 million to $5.3 million, equating to $0.65 per share [3][4] - The bank's total loans and deposits both grew by 7% over the past year, each exceeding $1.6 billion [3] Merger Details - Middlefield Banc will merge with Farmers National Banc in an all-stock deal, where shareholders of Middlefield will receive 2.6 shares of Farmers for each share they hold, valuing the merger at $299 million or $36.17 per Middlefield share [5][6] - The merger has received unanimous approval from the boards of directors of both companies and is pending approval from shareholders and regulatory authorities, with an expected closing by the end of Q1 2026 [6]