---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-123691"
form_type: "8-K"
ticker: null
cik: "0000836147"
company_name: "MIDDLEFIELD BANC CORP"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T05:08:26.581019+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Middlefield Banc Q1 net income $4.2M ($0.51 EPS) vs $4.9M year ago; loans grow to record $1.49B

## Summary
- Net income $4.2M, down 14% from $4.9M in Q1 2023; diluted EPS $0.51 vs $0.60.
- Total loans up 7.8% to record $1.49B; total deposits $1.45B, up 1.5% YoY.
- Net interest margin narrowed to 3.53% from 4.19% year ago; net interest income $15.0M vs $16.5M.
- Nonperforming assets improved to 0.60% of total assets; allowance for credit losses 1.41% of loans.
- Repurchased 43,858 shares at avg $24.00; declared $0.20 dividend per share.

## SEC filing metadata
- accession: 0001193125-24-123691
- form_type: 8-K
- cik: 0000836147
- company_name: MIDDLEFIELD BANC CORP
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/836147/000119312524123691/0001193125-24-123691-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/836147/000119312524123691/d798769d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-123691
- JSON: https://secwatch.observer/filing/0001193125-24-123691.json
- Plain text: https://secwatch.observer/filing/0001193125-24-123691.txt

## Key facts
- Earnings Releases
  MIDDLEFIELD BANC CORP reported the three months ended March 31, 2024 results: net income $4.2 million, EPS $0.51 per diluted share.
  - Period: the three months ended March 31, 2024
  - Net income: $4.2 million
  - EPS: $0.51 per diluted share
  - Result: reported results
  source text: On April 30, 2024, Middlefield Banc Corp. issued a press release announcing financial results for the three month period ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/836147/000119312524123691/0001193125-24-123691-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.