MIDDLEFIELD BANC CORP (MBCN) [Rocket]

Overview

MIDDLEFIELD BANC CORP (MBCN)

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Recent News + Filings (All items)

Date Filed	Type	Description
10/02/2023	4	Form 4 - Statement of changes in beneficial ownership of securities:
08/15/2023	8-K	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements...
08/15/2023	8-K	Other Events, Financial Statements and Exhibits  Interactive Data
08/14/2023	10-Q	Quarterly Report for the period ended June 30, 2023
08/07/2023	8-K	Regulation FD Disclosure, Financial Statements and Exhibits  Interactive Data
08/02/2023	4/A	Form 4/A - Statement of changes in beneficial ownership of securities: [Amend]
08/02/2023	4/A	Form 4/A - Statement of changes in beneficial ownership of securities: [Amend]

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
Revenues	56.9	54.7	39.5	45.3	43.3	41.2	29.2	28.5
Revenue growth	4.1%	38.3%	-12.8%	4.6%	5.3%	41.0%	2.4%	4.1%
Cost of goods sold	19.6	19.2	18.0	18.9	17.7	15.6	11.5	11.0
Gross profit	37.3	35.5	21.5	26.4	25.7	25.6	17.7	17.5
Gross margin	65.6%	64.9%	54.5%	58.2%	59.2%	62.1%	60.6%	61.4%
Selling, general and administrative
Sales and marketing	1.0	0.9	0.7	0.7	0.9	0.8	0.7	0.7
General and administrative	5.2	4.6	4.0	3.9	3.3	3.5	2.8	2.3
EBITA	19.5	22.8	15.5	20.7	20.5	20.1	13.2	13.5
EBITA margin	34.3%	41.8%	39.3%	45.7%	47.2%	48.9%	45.2%	47.4%
Amortization of intangibles	0.4	0.3	0.3	0.3	0.4	0.4	0.0	0.0
EBIT	19.1	22.5	15.2	20.4	20.1	19.8	13.2	13.5
EBIT margin	33.6%	41.2%	38.4%	45.0%	46.4%	48.0%	45.0%	47.3%
Pre-tax income	18.9	22.7	9.8	15.3	14.6	13.7	8.3	8.4
Income taxes	3.2	4.1	1.4	2.6	2.2	4.2	1.9	1.6
Tax rate	17.0%	17.9%	14.4%	16.9%	14.8%	30.9%	22.9%	18.5%
Net income	15.7	18.6	8.3	12.7	12.4	9.5	6.4	6.9
Net margin	27.5%	34.1%	21.1%	28.0%	28.7%	23.0%	22.0%	24.1%

Diluted EPS	$2.59	$3.00	$1.30	$1.95	$1.92	$3.10	$3.03	$3.39
Shares outstanding (diluted)	6.0	6.2	6.4	6.5	6.5	3.1	2.1	2.0

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.