MainStreet Bancshares Q3 net income $6.3M in line; nine-month earnings +12.3% YoY

MainStreet Bancshares, Inc.

2023-Q3 EPS reported $2.64 revenue$1,639,000

Q3 net income $6.3M; YTD EPS $2.64; cumulative net income $21.4M, up 12.3% from 2022.
Annualized returns (nine months): ROAE 13.80%, ROAA 1.50%, NIM 4.28%, efficiency ratio 55.06%.
Tangible book value per common share $23.00; ACL 1.01%; core deposit ratio 68%; FDIC insured deposits 76%.
Avenu SaaS solution identified first client: SafariPay via PaySii, expected avg balances of $4M.
Liquidity Coverage Ratio 164%; balance sheet positioned for stable/declining rate environment.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

MainStreet Bancshares, Inc. reported third quarter and year-to-date ended September 30, 2023 results: net income $6.3 million.

Period: third quarter and year-to-date ended September 30, 2023
Net income: $6.3 million
Result: reported results

Exact text from the filing

MainStreet Bancshares, Inc. (the "Company") issued a press release setting forth the Company's third quarter and year-to-date ended September 30, 2023, unaudited financial results.

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MainStreet Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-028716

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