MainStreet Bancshares Inc (OQ:MNSB)
Business Focus: Commercial Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 10089 Fairfax Blvd FAIRFAX VA 22030-1742 |
| Tel: | 1-703-4814599 |
| Website: | https://ir.mstreetbank.com |
| IR: | See website |
| Key People | ||
| Jeff W. Dick Chairman of the Board, Chief Executive Officer | Thomas J. Chmelik Chief Financial Officer, Senior Executive Vice President, Corporate Secretary, Director | Abdul Hersiburane President, Director of the Bank |
| Business Overview |
| MainStreet Bancshares, Inc. is a bank holding company, which owns MainStreet Bank (the Bank) and MainStreet Community Capital, LLC. The Bank is a community bank focused on serving the borrowing, cash management and depository needs of retail customers, small to medium-sized businesses, and professionals. The Company's products and services include business and consumer checking, premium interest-bearing checking, business account analysis, savings, certificates of deposit and other depository services, as well as an array of commercial, real estate and consumer loans. The Bank offers an array of deposit products that include demand, money market and savings accounts, as well as certificates of deposit. It also provides full online business banking solutions, including remote check scanners. It offers a full range of banking services to individuals, small to medium-sized businesses and professional service organizations through both traditional and electronic delivery. |
| Financial Overview |
| For the three months ended 31 March 2024, MainStreet Bancshares Inc interest income increased 13% to $32.4M. Net interest income after loan loss provision decreased 25% to $15.6M. Net income applicable to common stockholders decreased 64% to $2.8M. Net interest income after loan loss provision reflects Net Interest Margin - Total - % decrease of 32% to 3.24%, Net Interest Spread - Total - % decrease of 48% to 1.99%. |
| Employees: | 186 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $184.35M as of Mar 31, 2024 |
| Annual revenue (TTM): | $127.85M as of Mar 31, 2024 |
| EBITDA (TTM): | $33.34M as of Mar 31, 2024 |
| Net annual income (TTM): | $19.58M as of Mar 31, 2024 |
| Free cash flow (TTM): | $15.16M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $23.53M as of Mar 31, 2024 |
| Shares outstanding: | 7,617,213 as of May 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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