Middlefield Banc Corp. (MBCN) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	112.3M	112.3M	108.5M	97.0M	61.7M
Cost of Revenue	38.4M	38.4M	42.6M	28.1M	4.7M
Gross Profit	74.0M	74.0M	65.9M	68.9M	56.9M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	31.1M	31.8M	27.3M	26.8M	18.9M
General & Admin Expense	29.9M	31.8M	25.7M	25.4M	17.9M
Selling & Marketing Expense	1.2M	—	1.6M	1.5M	1.0M
Other Expenses	19.4M	18.7M	20.3M	21.3M	19.1M
Total Operating Expenses	50.5M	50.5M	47.5M	48.1M	38.0M
Cost and Expenses	88.8M	88.8M	90.1M	76.2M	42.8M
Operating Income (EBIT)	23.5M	23.5M	18.3M	20.8M	18.9M
Non-Operating
Interest Income	106.9M	107.3M	100.5M	89.8M	54.7M
Interest Expense	38.8M	38.8M	40.6M	25.1M	4.7M
Net Interest Income	68.0M	68.5M	59.9M	64.7M	50.0M
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	23.5M	23.5M	18.3M	20.8M	18.9M
Income Tax Expense	4.1M	4.1M	2.8M	3.4M	3.2M
Bottom Line
Net Income	19.4M	19.4M	15.5M	17.4M	15.7M
Earnings from Cont. Ops	19.4M	19.4M	15.5M	17.4M	15.7M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	19.4M	19.4M	15.5M	17.4M	15.7M
Per Share
Basic EPS	$2.41	$2.40	$1.93	$2.14	$2.60
Diluted EPS	$2.39	$2.39	$1.92	$2.14	$2.59
Revenue Per Share	$13.89	$13.89	$13.43	$11.97	$10.23
Shares
Basic Shares Outstanding	8.1M	8.1M	8.1M	8.1M	6.0M
Diluted Shares Outstanding	8.1M	8.1M	8.1M	8.1M	6.0M
Profitability Metrics
EBITDA	24.0M	23.5M	19.5M	21.8M	19.0M
D&A	545.0K	—	1.2M	1.0M	142.0K
EBIT	23.5M	23.5M	18.3M	20.8M	18.9M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Dec 1, 2025