NASDAQ : MNSB
MainStreet Bancshares, Inc. — Financial statements
Financials · Banks - Regional · United States
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 122.07M | 124.21M | 125.18M | 116.48M | 79.05M | 61.74M |
| Interest Income on Investments | 6.32M | 7.38M | 9.44M | 7.94M | 4.97M | 2.46M |
| Total Interest Income | 128.39M | 131.59M | 134.62M | 124.42M | 84.02M | 64.20M |
| Interest Paid on Deposits | 53.18M | 58.75M | 68.17M | 42.87M | 10.09M | 8.78M |
| Interest Paid on Borrowings | 3.57M | 3.30M | 3.88M | 4.81M | 3.28M | 1.88M |
| Total Interest Expense | 56.74M | 62.04M | 72.04M | 47.68M | 13.37M | 10.66M |
| Net Interest Income | 71.64M | 69.55M | 62.57M | 76.74M | 70.65M | 53.54M |
| Gain (Loss) on Sale of Investments | 103.00K | -48.00K | 4.00K | 6.00K | ||
| Other Non-Interest Income | 1.38M | 1.47M | 1.30M | 1.19M | 2.40M | 2.83M |
| Total Non-Interest Income | 2.60M | 3.75M | 3.25M | 3.34M | 4.66M | 6.11M |
| Revenues Before Loan Losses | 74.24M | 73.30M | 65.83M | 80.08M | 75.31M | 59.65M |
| Provision for Loan Losses | 2.71M | -70.00K | 6.76M | 1.64M | 2.40M | -1.18M |
| Revenue | 71.53M | 73.37M | 59.06M | 78.44M | 72.91M | 60.82M |
| Salaries and Employee Benefits | 27.66M | 29.00M | 27.64M | 25.78M | 21.28M | 17.42M |
| Federal Deposit Insurance | 2.13M | 2.13M | 1.34M | 1.13M | 637.00K | 1.05M |
| Selling, General & Administrative | 12.80M | 16.13M | 16.20M | 13.60M | 13.33M | 10.73M |
| Other Non-Interest Expense | 7.87M | 7.29M | 8.07M | 5.11M | 4.28M | 3.67M |
| Total Non-Interest Expense | 50.89M | 54.55M | 53.25M | 45.62M | 39.52M | 32.87M |
| EBT Excluding Unusual Items | 20.64M | 18.82M | 5.82M | 32.82M | 33.39M | 27.96M |
| Asset Writedown | -19.72M | |||||
| Other Unusual Items | 273.00K | 273.00K | ||||
| Pretax Income | 20.91M | 19.09M | -13.90M | 32.82M | 33.39M | 27.96M |
| Income Tax Expense | 4.49M | 3.48M | -3.92M | 6.24M | 6.71M | 5.79M |
| Net Income | 16.42M | 15.61M | -9.98M | 26.59M | 26.67M | 22.17M |
| Preferred Dividends & Other Adjustments | 2.16M | 2.16M | 2.16M | 2.16M | 2.16M | 2.16M |
| Net Income to Common | 14.27M | 13.46M | -12.14M | 24.43M | 24.52M | 20.02M |
| Basic Shares Outstanding | 7.34M | 7.65M | 7.61M | 7.52M | 7.53M | 7.56M |
| Diluted Shares Outstanding | 7.34M | 7.65M | 7.61M | 7.52M | 7.53M | 7.56M |
| EPS (Basic) | 1.95 | 1.76 | -1.60 | 3.25 | 3.26 | 2.65 |
| EPS (Diluted) | 1.95 | 1.76 | -1.60 | 3.25 | 3.26 | 2.65 |
| Dividend Per Share | 0.20 | 0.40 | 0.40 | 0.40 | 0.30 | 0.05 |
| Effective Tax Rate | 21.47% | 18.22% | 19.01% | 20.11% | 20.69% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 98.40M | 162.76M | 207.71M | 114.51M | 130.60M | 93.20M |
| Investment Securities | 66.37M | 63.00M | 61.33M | 57.69M | 58.05M | 89.38M |
| Trading Asset Securities | 9.93M | 21.71M | 18.57M | 23.90M | 2.10M | |
| Mortgage-Backed Securities | 16.05M | 17.19M | 19.52M | 22.23M | 30.88M | |
| Total Investments | 66.37M | 88.98M | 100.24M | 95.77M | 104.17M | 122.36M |
| Gross Loans | 1.96B | 1.87B | 1.83B | 1.73B | 1.60B | 1.36B |
| Allowance for Loan Losses | -19.95M | -19.31M | -19.45M | -16.51M | -14.11M | -11.70M |
| Other Adjustments to Gross Loans | -4.07M | -4.17M | -4.99M | -5.45M | -5.53M | -5.48M |
| Net Loans | 1.93B | 1.84B | 1.81B | 1.71B | 1.58B | 1.34B |
| Property, Plant & Equipment | 13.00M | 18.75M | 19.05M | 20.16M | 21.40M | 22.02M |
| Other Intangible Assets | 14.66M | 9.15M | 2.49M | |||
| Accrued Interest Receivable | 17.25M | 10.56M | 9.06M | 10.72M | 8.78M | 6.74M |
| Other Receivables | 3.96M | 2.25M | 1.67M | 802.00K | 966.00K | |
| Other Current Assets | 2.76M | 2.81M | ||||
| Other Real Estate Owned & Foreclosed | 1.80M | 1.70M | 775.00K | |||
| Other Long-Term Assets | 104.16M | 79.73M | 77.73M | 71.51M | 65.81M | 56.27M |
| Total Assets | 2.23B | 2.21B | 2.23B | 2.04B | 1.93B | 1.65B |
| Interest Bearing Deposits | 1.06B | 608.69M | 1.58B | 875.92M | 587.40M | 591.59M |
| Institutional Deposits | 518.59M | 911.80M | 445.60M | 374.80M | 289.70M | |
| Non-Interest Bearing Deposits | 343.77M | 378.69M | 324.31M | 364.61M | 550.69M | 530.68M |
| Total Deposits | 1.92B | 1.90B | 1.91B | 1.69B | 1.51B | 1.41B |
| Short-Term Borrowings | 9.93M | 21.71M | 33.57M | 23.90M | 2.10M | |
| Current Portion of Long-Term Debt | 100.00M | |||||
| Current Portion of Leases | 688.00K | |||||
| Long-Term Debt | 70.16M | 69.94M | 73.04M | 72.64M | 72.25M | 29.29M |
| Long-Term Leases | 5.25M | 6.47M | 6.90M | 7.34M | 7.75M | |
| Other Long-Term Liabilities | 25.83M | 9.09M | 11.09M | 14.68M | 11.10M | 7.51M |
| Total Liabilities | 2.02B | 1.99B | 2.02B | 1.81B | 1.73B | 1.46B |
| Preferred Stock, Redeemable | 27.26M | 27.26M | 27.26M | 27.26M | 27.26M | 27.26M |
| Common Stock | 27.45M | 29.01M | 29.47M | 29.20M | 28.74M | 29.47M |
| Additional Paid-In Capital | 58.14M | 66.53M | 67.82M | 65.98M | 64.00M | 67.67M |
| Retained Earnings | 110.13M | 101.56M | 91.15M | 106.55M | 86.83M | 64.19M |
| Comprehensive Income & Other | -8.11M | -5.77M | -7.71M | -7.48M | -8.55M | 197.00K |
| Total Common Equity | 187.61M | 191.33M | 180.73M | 194.25M | 171.02M | 161.53M |
| Shareholders' Equity | 214.87M | 218.59M | 207.99M | 221.52M | 198.28M | 188.79M |
| Total Liabilities & Equity | 2.23B | 2.21B | 2.23B | 2.04B | 1.93B | 1.65B |
| Total Debt | 70.16M | 85.80M | 101.23M | 113.11M | 203.48M | 39.14M |
| Net Cash (Debt) | 28.25M | 86.89M | 128.19M | 19.97M | -48.99M | 56.15M |
| Net Cash Per Share | 3.85 | 11.35 | 16.85 | 2.65 | -6.51 | 7.43 |
| Filing Date Shares Outstanding | 6.86M | 7.12M | 7.49M | 7.39M | 7.26M | 7.42M |
| Total Common Shares Outstanding | 6.86M | 7.25M | 7.37M | 7.30M | 7.18M | 7.37M |
| Book Value Per Share | 27.36 | 26.38 | 24.54 | 26.61 | 23.81 | 21.93 |
| Tangible Book Value | 187.61M | 191.33M | 180.73M | 179.60M | 161.87M | 159.03M |
| Tangible Book Value Per Share | 27.36 | 26.38 | 24.54 | 24.61 | 22.53 | 21.59 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 15.61M | -9.98M | 26.59M | 26.67M | 22.17M | |
| Depreciation & Amortization | 4.94M | 4.19M | 2.75M | 2.58M | 2.37M | |
| Other Amortization | 447.00K | |||||
| Gain (Loss) on Sale of Assets | -53.00K | -99.00K | -129.00K | 4.00K | -17.00K | |
| Gain (Loss) on Sale of Investments | 48.00K | 251.00K | -4.00K | -6.00K | ||
| Total Asset Writedown | 19.72M | 70.00K | 22.00K | |||
| Provision for Credit Losses | -70.00K | 6.76M | 1.64M | 2.40M | -1.18M | |
| Accrued Interest Receivable | -3.21M | 1.08M | -2.80M | -1.86M | 1.90M | |
| Change in Other Net Operating Assets | -3.23M | -4.94M | 1.71M | 2.57M | 3.16M | |
| Other Operating Activities | -1.76M | -5.32M | -863.00K | -1.57M | -341.00K | |
| Operating Cash Flow | 14.81M | 14.74M | 31.63M | 33.54M | 29.12M | |
| Capital Expenditures | -4.17M | -909.00K | -497.00K | -1.12M | -1.81M | |
| Sale of Property, Plant and Equipment | 53.00K | 195.00K | 129.00K | 79.00K | ||
| Investment in Securities | -1.27M | -3.58M | -213.00K | 24.10M | 37.41M | |
| Purchase / Sale of Intangibles | -4.88M | -5.51M | -6.66M | -2.49M | ||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -32.86M | -112.90M | -128.03M | -240.76M | -52.35M | |
| Other Investing Activities | -132.00K | -199.00K | 3.37M | -5.00M | -10.43M | |
| Investing Cash Flow | -38.38M | -122.28M | -130.75M | -228.74M | -29.25M | |
| Short-Term Debt Issued | 15.00M | |||||
| Long-Term Debt Issued | 142.62M | 14.24M | ||||
| Total Debt Issued | 15.00M | 142.62M | 14.24M | |||
| Short-Term Debt Repaid | -15.00M | |||||
| Long-Term Debt Repaid | -3.23M | -100.00M | ||||
| Total Debt Repaid | -3.23M | -15.00M | -100.00M | |||
| Net Debt Issued (Repaid) | -3.23M | -15.00M | -85.00M | 142.62M | 14.24M | |
| Repurchase of Common Stock | -4.34M | -732.00K | -43.00K | -6.92M | ||
| Common Dividends Paid | -3.05M | -3.05M | -3.01M | -1.88M | ||
| Preferred Dividends Paid | -2.16M | -2.16M | -2.16M | -2.16M | -2.16M | |
| Total Dividends Paid | -5.21M | -5.20M | -5.17M | -4.04M | -2.16M | |
| Net Increase (Decrease) in Deposit Accounts | -8.61M | 221.67M | 173.24M | 100.93M | -26.28M | |
| Financing Cash Flow | -21.38M | 200.73M | 83.03M | 232.59M | -14.20M | |
| Net Cash Flow | -44.95M | 93.19M | -16.09M | 37.40M | -14.33M | |
| Free Cash Flow | 10.64M | 13.83M | 31.14M | 32.42M | 27.32M | |
| Free Cash Flow Margin | 14.50% | 23.42% | 39.69% | 44.46% | 44.91% | |
| Free Cash Flow Per Share | 1.39 | 1.82 | 4.14 | 4.31 | 3.61 | |
| Cash Interest Paid | 62.17M | 70.89M | 45.53M | 12.64M | 10.16M | |
| Cash Income Tax Paid | 168.00K | 1.27M | 7.28M | 6.38M | 6.84M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 151.17M | 147.63M | 133.32M | 181.09M | 197.69M | 181.14M |
| Last Close Price | 22.05 | 20.10 | 17.48 | 23.41 | 25.49 | 22.58 |
| PE Ratio | 11.34 | 10.97 | 7.41 | 8.06 | 9.05 | |
| PS Ratio | 2.11 | 2.01 | 2.26 | 2.31 | 2.71 | 2.98 |
| PB Ratio | 0.81 | 0.68 | 0.64 | 0.82 | 1.00 | 0.96 |
| P/FCF Ratio | 6.51 | 13.88 | 9.64 | 5.82 | 6.10 | 6.63 |
| P/OCF Ratio | 6.37 | 9.97 | 9.04 | 5.72 | 5.89 | 6.22 |
| Debt / Equity Ratio | 0.33 | 0.39 | 0.49 | 0.51 | 1.03 | 0.21 |
| Debt / FCF Ratio | 8.07 | 7.32 | 3.63 | 6.28 | 1.43 | |
| Net Debt / Equity Ratio | -0.13 | -0.40 | -0.62 | -0.09 | 0.25 | -0.30 |
| Net Debt / FCF Ratio | -8.17 | -9.27 | -0.64 | 1.51 | -2.06 | |
| Return on Equity (ROE) | 7.58% | 7.32% | -4.65% | 12.67% | 13.78% | 12.44% |
| Return on Assets (ROA) | 0.75% | 0.70% | -0.47% | 1.34% | 1.49% | 1.35% |
| Earnings Yield | 8.82% | 10.58% | -7.49% | 14.68% | 13.49% | 12.24% |
| FCF Yield | 15.36% | 7.21% | 10.37% | 17.19% | 16.40% | 15.08% |
| Dividend Yield | 1.81% | 1.97% | 2.21% | 1.61% | 1.09% | 0.20% |
| Payout Ratio | 20.56% | 33.34% | 19.44% | 15.14% | 9.72% | |
| Buyback Yield / Dilution | 4.27% | -0.61% | -1.11% | 0.09% | 0.40% | 7.03% |
| Total Shareholder Return | 6.08% | 1.36% | 1.10% | 1.70% | 1.49% | 7.24% |