Middlefield Banc
NASDAQ: MBCN · FINANCIAL SERVICES · BANKS - REGIONAL
Updated 2026-03-03
Middlefield Banc (MBCN) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.51M | $4.29M | $3.20M | $1.13M | $5.73M | $9.15M | $10.28M | $9.90M | $7.46M | $7.18M | $7.80M | $13.92M | $14.28M | $13.46M | $15.08M | $15.42M | $18.36M | $22.36M | $17.47M | — |
| Capital expenditures | $585837.00 | $570065.00 | $1.41M | $467000.00 | $327000.00 | $583000.00 | $997000.00 | $1.83M | $902000.00 | $507000.00 | $2.17M | $1.20M | $2.10M | $1.90M | $1.08M | $605000.00 | $884000.00 | $1.10M | $776000.00 | $0.00 |
| Depreciation | $578592.00 | $597741.00 | $645186.00 | $679870.00 | $740000.00 | $731000.00 | $929000.00 | $891000.00 | $1.05M | $1.01M | $1.07M | $2.08M | $1.91M | $2.02M | $2.02M | $2.10M | $1.84M | $1.05M | $1.15M | — |
| Stock-based comp | — | $26435.00 | $15048.00 | $61000.00 | — | $59000.00 | $32000.00 | $1.04M | $10000.00 | $18000.00 | $29000.00 | $33000.00 | $467000.00 | $644000.00 | $144000.00 | $478000.00 | $307000.00 | $260000.00 | $374000.00 | — |
| Free cash flow | $3.92M | $3.72M | $1.79M | $666793.00 | $5.41M | $8.56M | $9.29M | $8.06M | $6.56M | $6.67M | $5.63M | $12.72M | $12.18M | $11.56M | $14.01M | $14.82M | $17.48M | $21.26M | $16.69M | — |
| Investing cash flow | $-21.86M | $-47.82M | $-34.13M | $-65.55M | $-87.56M | $-19.36M | $-8.01M | $-6.10M | $-26.72M | $-59.45M | $-45.98M | $-95.25M | $-76.54M | $276000.00 | $-135.32M | $70.89M | $-8.65M | $-126.54M | $-43.29M | — |
| Financing cash flow | $25.17M | $47.70M | $30.58M | $88.11M | $71.31M | $13.97M | $8.68M | $-22.95M | $18.71M | $50.37M | $46.92M | $88.72M | $130.31M | $-86.56M | $197.55M | $-79.23M | $-75.39M | $111.21M | $20.78M | — |
| Dividends paid | $1.32M | $1.47M | $1.58M | $1.61M | $1.64M | $1.76M | $2.00M | $2.10M | $2.12M | $2.15M | $2.32M | $3.36M | $3.78M | $3.69M | $3.83M | $4.24M | $5.49M | $6.86M | $6.46M | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Debt repayment | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | — | — | — | — | — | $3.75M | $10.96M | $-19.15M | $-554000.00 | $-1.89M | $8.74M | $7.39M | $68.05M | $-72.82M | — | — | $-65.69M | — | — | — |
Frequently asked questions
What is Middlefield Banc's revenue?
Middlefield Banc's trailing twelve-month revenue is $77.57M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is MBCN?
In its most recent fiscal year, MBCN ran a gross margin of 65.85%, an operating margin of 20.91%, and a net margin of 17.29%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
Is MBCN's balance sheet healthy?
MBCN holds $47.51M in cash and equivalents against — in long-term debt, on $229.64M of shareholder equity. That debt is best read against the cash flow the business throws off each year.