MainStreet Bancshares reports $26.6M net income for 2023; EPS $3.25

MainStreet Bancshares, Inc.

2023-FY EPS reported $3.25 revenue$127,761,000

Full-year 2023 net income $26.6M; diluted EPS $3.35 (GAAP $3.25).
ROAE 12.66%, ROAA 1.38%, net interest margin (tax-equiv) 4.08%.
Core deposits rose to 74% in Q4 from 68% in Q3; wholesale deposits fell to 24%.
Net loans up 8% YoY to $1.73B; tangible book value per share $23.86.
Earnings call cancelled due to temporary illness; investor meetings arranged via email.

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 0.9

MainStreet Bancshares, Inc. reported the year ended December 31, 2023, and fourth quarter ended December 31, 2023 results: net income $26.6 million, EPS $3.25.

Period: the year ended December 31, 2023, and fourth quarter ended December 31, 2023
Net income: $26.6 million
EPS: $3.25
Result: reported results

Exact text from the filing

MainStreet Bancshares, Inc. (the “Company”) issued a press release setting forth the Company’s fourth quarter and year-to-date ended December 31, 2023, unaudited financial results.

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MainStreet Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-001794

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