secwatch.observer — SEC 8-K summary
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Issuer:     MIDDLEFIELD BANC CORP (—)
CIK:        0000836147
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001193125-24-123691
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/836147/000119312524123691/0001193125-24-123691-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/836147/000119312524123691/d798769d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-123691

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