Middlefield Banc Corp. (MBCN)

Middlefield Banc Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	68.12	68.89	56.92	54.69	39.54	45.34
Revenue Growth (YoY)	10.34%	21.03%	4.08%	38.32%	-12.79%	4.62%
Gross Profit	68.12	68.89	56.92	54.69	39.54	45.34
Selling, General & Admin	34.93	34.56	25.39	24.74	22.65	22.93
Other Operating Expenses	13.38	13.58	12.64	7.25	7.14	7.11
Operating Expenses	48.31	48.14	38.03	31.99	29.79	30.03
Operating Income	19.81	20.76	18.89	22.7	9.75	15.3
Pretax Income	19.81	20.76	18.89	22.7	9.75	15.3
Income Tax	3.17	3.39	3.22	4.07	1.4	2.59
Net Income	16.64	17.37	15.67	18.63	8.35	12.71
Net Income Growth	-0.59%	10.81%	-15.89%	123.18%	-34.32%	2.25%
Shares Outstanding (Basic)	8	8	6	6	6	6
Shares Change	-0.24%	40.31%	-3.36%	-6.44%	-0.69%	-0.82%
EPS (Basic)	2.05	2.14	2.60	3.01	1.31	1.96
EPS (Diluted)	2.05	2.14	2.59	3.00	1.30	1.95
EPS Growth	-19.29%	-17.37%	-13.67%	130.77%	-33.33%	2.09%
Free Cash Flow	20.43	21.26	17.57	14.82	14.03	11.56
Free Cash Flow Per Share	2.53	2.63	3.05	2.48	2.20	1.80
Dividend Per Share	0.850	0.850	0.810	0.690	0.600	0.570
Dividend Growth	1.19%	4.94%	17.39%	15.00%	5.26%	-2.56%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	29.08%	30.13%	33.19%	41.50%	24.66%	33.75%
Profit Margin	24.43%	25.21%	27.53%	34.07%	21.12%	28.04%
Free Cash Flow Margin	30.00%	30.86%	30.86%	27.09%	35.49%	25.50%
Effective Tax Rate	15.99%	16.32%	17.04%	17.91%	14.37%	16.94%
EBITDA	20.49	21.8	19.04	25.11	12.06	17.68
EBITDA Margin	30.08%	31.65%	33.44%	45.92%	30.50%	39.00%
Depreciation & Amortization	0.68	1.05	0.14	2.42	2.31	2.38
EBIT	19.81	20.76	18.89	22.7	9.75	15.3
EBIT Margin	29.08%	30.13%	33.19%	41.50%	24.66%	33.75%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).