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 fiscal year ended 31 December 2023, MainStreet Bancshares Inc interest income increased 48% to $124.1M. Net interest income after loan loss provision increased 10% to $74.3M. Net income applicable to common stockholders decreased less than 1% to $24.4M. Net interest income after loan loss provision reflects Interest and fees on loans increase of 47% to $116.2M, Interest on federal funds sold increase from $2.3M to $5M. |
Employees: | 186 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $174.70M as of Dec 31, 2023 |
Annual revenue (TTM): | $124.12M as of Dec 31, 2023 |
EBITDA (TTM): | $39.90M as of Dec 31, 2023 |
Net annual income (TTM): | $24.43M as of Dec 31, 2023 |
Free cash flow (TTM): | $20.46M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $19.06M as of Dec 31, 2023 |
Shares outstanding: | 7,614,090 as of Mar 18, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |