MainStreet Bancshares, Inc. operates as the bank holding company for MainStreet Bank that provides various banking products and services for individuals, small to medium-sized businesses, and professional service organizations primarily in Northern Virginia and the greater Washington, the District of Columbia metropolitan area. The company offers demand, NOW, money market, savings, and sweep accounts, as well as certificates of deposit; business and consumer checking, interest-bearing checking, business account analysis, and other depository services; and cash management, wire transfer, check imaging, remote deposit capture, and courier services. It also provides commercial loans, including government contract receivables, plant and equipment, general working capital, contract administration, and acquisition loans; commercial real estate, real estate construction, and residential real estate loans; and consumer loans comprising car loans, term loans, credit cards, and overdraft protection. In addition, the company provides payment service and deposit insurance solutions; remote deposit of checks; and internet bill payment, online cash management, and online and mobile banking services. It operates through a network of seven branches located in Herndon, Fairfax, Fairfax City, McLean, Clarendon, and Leesburg, Virginia, and one branch in Washington, the District of Columbia; and provides automated teller machine transaction services at approximately 55,000 locations in the United States, Canada, the United Kingdom, and Mexico. MainStreet Bancshares, Inc. was incorporated in 2003 and is headquartered in Fairfax, Virginia.
IPO Year:
Exchange: NASDAQ
Website: mstreetbank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/25/2023 | $24.00 | Overweight → Equal-Weight | Stephens |
| 7/22/2021 | $25.50 → $26.00 | Overweight | Stephens & Co. |
8-K - MainStreet Bancshares, Inc. (0001693577) (Filer)
8-K - MainStreet Bancshares, Inc. (0001693577) (Filer)
10-Q - MainStreet Bancshares, Inc. (0001693577) (Filer)
8-K - MainStreet Bancshares, Inc. (0001693577) (Filer)
8-K - MainStreet Bancshares, Inc. (0001693577) (Filer)
8-K - MainStreet Bancshares, Inc. (0001693577) (Filer)
DEF 14A - MainStreet Bancshares, Inc. (0001693577) (Filer)
8-K - MainStreet Bancshares, Inc. (0001693577) (Filer)
10-K/A - MainStreet Bancshares, Inc. (0001693577) (Filer)
10-K - MainStreet Bancshares, Inc. (0001693577) (Filer)
Expanding Net Interest Margin, Resilient Loan Portfolio and Well Capitalized FAIRFAX, Va., April 21, 2025 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP)), the financial holding company for MainStreet Bank, reported first quarter net income of $2.5 million with a net interest margin of 3.30%, up 34 basis points from the previous quarter. Net interest income after provision for credit losses was $16.5 million, up $3.9 million from the previous quarter and earnings per common share were $0.25 for the first quarter. The Company continues to report strong asset quality and strong capital.
A challenging year, ending with strong and stable asset quality and strong capital FAIRFAX, Va., Jan. 27, 2025 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP)), the financial holding company for MainStreet Bank reported a loss of $9.98 million for 2024 resulting from the nonrecurring impairment of capitalized intangible software and the resolution of nonperforming assets. The Company remains strongly capitalized with good liquidity. "At the end of 2024, the Company impaired the full value of its capitalized intangible software. Despite this impairment, the s
Employee-directed Giving Program, Making Change, Lends a Helping Hand to Local Schools FAIRFAX, Va., Dec. 11, 2024 /PRNewswire/ -- This holiday season, MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP)), the financial holding company for MainStreet Bank, is investing in the future of our community by giving a boost to local schools, scholarships, and education programs. Through corporate giving and employee engagement, the bank is making a difference for learners of all ages. "These donations are just one example of MainStreet Bank's commitment to investing in the communities we serve."More than one-quarter (27%) of all donations from the bank's employee-directed
Employee-directed giving program, Making Change, brings joy to furry friends this giving season FAIRFAX, Va., Dec. 3, 2024 /PRNewswire/ -- 'Tis the season of giving, and MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP)), the financial holding company for MainStreet Bank, is spreading holiday cheer by making a significant impact on the lives of animals in the local community. Through a combination of corporate giving and employee volunteerism, the bank is actively supporting local animal rescues and organizations, ensuring a brighter holiday for those with paws, claws, and whiskers.
Increase in Core Deposits, a High-Quality Loan Portfolio and Strong Capital FAIRFAX, Va., Oct. 28, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the financial holding company for MainStreet Bank, reported a loss of -$0.04 per common share for the third quarter of 2024 as it dealt decisively with a small number of nonperforming real estate loans. Year-to-date 2024 earnings per common share are $0.60. The Company remains strongly capitalized. "Our third quarter annualized net interest margin was impacted by $984,000 in accrued interest income that wa
Rise in Core Deposits Fueled an Uptick in Loan Growth FAIRFAX, Va., July 29, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the holding company for MainStreet Bank, reported net income of $2.6 million for the second quarter of 2024. Total deposits reached $1.8 billion in the second quarter, an increase of 10.2% from the second quarter of 2023. Loan growth is up 8.6% over the same period, also reaching $1.8 billion. "We are now nine full quarters into the current interest rate cycle, and the entire industry has felt the effect of higher deposit costs.
Chief Lending Officer Is Named to Prestigious 40 under 40 List FAIRFAX, Va., June 4, 2024 /PRNewswire/ -- MainStreet Bank and its parent company, MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), are pleased to announce that Executive Vice President and Chief Lending Officer Tom Floyd has been honored as one of the nation's best and brightest young bankers. Floyd has been named to Independent Banker® magazine's prestigious list, 40 Under 40: Emerging Community Bank Leaders. He and other honorees nationwide were chosen in recognition of their professional achievements, exempl
Strong credit quality and no adverse loan portfolio trends FAIRFAX, Va., April 22, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the holding company for MainStreet Bank, reported net income of $2.77 million for the first quarter of 2024. "Our loan portfolio was well-positioned for the current interest rate cycle and continues to generate strong and sustainable interest income. During the first quarter of 2024, we experienced an uptick in deposit costs, compressing the net interest margin to 3.24%," said Jeff W. Dick, Chairman & CEO of MainStreet Ban
Digital Technology Expert Brings Extensive Federal Contracting Experience to Role at Leading Community Bank FAIRFAX, Va., Feb. 22, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB), parent company of MainStreet Bank, announces the appointment of Ali Reza Manouchehri, a digital technology expert with extensive federal contracting experience, as a director of MainStreet Bank. Manouchehri brings an impressive track record as an entrepreneur and decades on the cutting edge of digital technology.Manouchehri is CEO of MetroStar Systems, a leading provider of digital IT
Year-End and Fourth Quarter Results Underscore Steady Progress in Challenging Environment FAIRFAX, Va., Jan. 22, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the holding company for MainStreet Bank, reported net income of $26.6 million for the year ended December 31, 2023, consistent with expectations. Earnings per share for the year totaled $3.25. Annualized returns for 2023 included: Return on Average Equity (ROAE): 12.66 % Return on Average Assets (ROAA): 1.38 % Net Interest Margin (NIM) (tax equivalent): 4.08 % Efficiency Ratio: 56.7 % Liquidit
Stephens downgraded MainStreet Bancshares from Overweight to Equal-Weight and set a new price target of $24.00
Stephens & Co. reiterated coverage of MainStreet Bancshares with a rating of Overweight and set a new price target of $26.00 from $25.50 previously
Stephens & Co. initiated coverage of MainStreet Bancshares with a rating of Overweight and set a new price target of $25.50
Expanding Net Interest Margin, Resilient Loan Portfolio and Well Capitalized FAIRFAX, Va., April 21, 2025 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP)), the financial holding company for MainStreet Bank, reported first quarter net income of $2.5 million with a net interest margin of 3.30%, up 34 basis points from the previous quarter. Net interest income after provision for credit losses was $16.5 million, up $3.9 million from the previous quarter and earnings per common share were $0.25 for the first quarter. The Company continues to report strong asset quality and strong capital.
A challenging year, ending with strong and stable asset quality and strong capital FAIRFAX, Va., Jan. 27, 2025 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP)), the financial holding company for MainStreet Bank reported a loss of $9.98 million for 2024 resulting from the nonrecurring impairment of capitalized intangible software and the resolution of nonperforming assets. The Company remains strongly capitalized with good liquidity. "At the end of 2024, the Company impaired the full value of its capitalized intangible software. Despite this impairment, the s
Increase in Core Deposits, a High-Quality Loan Portfolio and Strong Capital FAIRFAX, Va., Oct. 28, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the financial holding company for MainStreet Bank, reported a loss of -$0.04 per common share for the third quarter of 2024 as it dealt decisively with a small number of nonperforming real estate loans. Year-to-date 2024 earnings per common share are $0.60. The Company remains strongly capitalized. "Our third quarter annualized net interest margin was impacted by $984,000 in accrued interest income that wa
Rise in Core Deposits Fueled an Uptick in Loan Growth FAIRFAX, Va., July 29, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the holding company for MainStreet Bank, reported net income of $2.6 million for the second quarter of 2024. Total deposits reached $1.8 billion in the second quarter, an increase of 10.2% from the second quarter of 2023. Loan growth is up 8.6% over the same period, also reaching $1.8 billion. "We are now nine full quarters into the current interest rate cycle, and the entire industry has felt the effect of higher deposit costs.
Strong credit quality and no adverse loan portfolio trends FAIRFAX, Va., April 22, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the holding company for MainStreet Bank, reported net income of $2.77 million for the first quarter of 2024. "Our loan portfolio was well-positioned for the current interest rate cycle and continues to generate strong and sustainable interest income. During the first quarter of 2024, we experienced an uptick in deposit costs, compressing the net interest margin to 3.24%," said Jeff W. Dick, Chairman & CEO of MainStreet Ban
Year-End and Fourth Quarter Results Underscore Steady Progress in Challenging Environment FAIRFAX, Va., Jan. 22, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the holding company for MainStreet Bank, reported net income of $26.6 million for the year ended December 31, 2023, consistent with expectations. Earnings per share for the year totaled $3.25. Annualized returns for 2023 included: Return on Average Equity (ROAE): 12.66 % Return on Average Assets (ROAA): 1.38 % Net Interest Margin (NIM) (tax equivalent): 4.08 % Efficiency Ratio: 56.7 % Liquidit
Net Interest Margin Continues to Outperform FAIRFAX, Va., July 24, 2023 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the holding company for MainStreet Bank, reported net income of $6.9 million for the quarter ended June 30, 2023, in line with expectations. This represents a 17.1% increase from the year-earlier second quarter. Performance through the first half of 2023 remains very strong (returns are annualized): Return on average assets: 1.60 % Return on average equity: 14.87 % Net interest margin (tax equivalent): 4.45 % Efficiency ratio: 53.48 % Allo
Steady Loan and Deposit Growth Fuel 8% Rise in Quarter-to-Quarter Net Income FAIRFAX, Va., April 17, 2023 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the holding company for MainStreet Bank, reported record net income of $8.2 million for the quarter-ended March 31, 2023. This represents a 50% increase from the net income reported in the 1st quarter of 2022. First-quarter results represent: 1.75% ROAA4.69% NIM$1.01 EPS$22.22 TBV16.4% ROAE(ROAA – Return on Average Assets; NIM – Net Interest Margin; EPS – Earnings Per Share common basic and diluted; TBV
To Be Paid February 10, 2023, to Shareholders of Record February 3, 2023 FAIRFAX, Va., Jan. 26, 2023 /PRNewswire/ -- The board of directors of MainStreet Bancshares Inc. (NASDAQ:MNSB) and (NASDAQ:MNSBP), the parent company of MainStreet Bank, declared a cash dividend of $0.10 per common share for the fourth quarter, to be paid on February 10, 2023, to shareholders of record as February 3, 2023. The board disclosed the dividend in a regulatory filing submitted to the U.S. Securities and Exchange Commission on January 19, 2023. "We had our best year ever in 2022 with net income
Company's Net Income Climbs 20% to $26.7 Million; NIM Reaches 4.19% FAIRFAX, Va., Jan. 23, 2023 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the holding company for MainStreet Bank, reported record net income of $26.7 million for 2022, a 20.3% increase from a year earlier. Year-end results represent: 13.98% return on average equity1.53% return on average assets4.19% net interest margin $3.26 earnings per common share (basic and diluted)$21.75 tangible book value per common shareThere is no doubt that 2022 was a banner year for the Company."There is no do
4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
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4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
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4/A - MainStreet Bancshares, Inc. (0001693577) (Issuer)
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4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
Employee-directed giving program, Making Change, brings joy to furry friends this giving season FAIRFAX, Va., Dec. 3, 2024 /PRNewswire/ -- 'Tis the season of giving, and MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP)), the financial holding company for MainStreet Bank, is spreading holiday cheer by making a significant impact on the lives of animals in the local community. Through a combination of corporate giving and employee volunteerism, the bank is actively supporting local animal rescues and organizations, ensuring a brighter holiday for those with paws, claws, and whiskers.
Digital Technology Expert Brings Extensive Federal Contracting Experience to Role at Leading Community Bank FAIRFAX, Va., Feb. 22, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB), parent company of MainStreet Bank, announces the appointment of Ali Reza Manouchehri, a digital technology expert with extensive federal contracting experience, as a director of MainStreet Bank. Manouchehri brings an impressive track record as an entrepreneur and decades on the cutting edge of digital technology.Manouchehri is CEO of MetroStar Systems, a leading provider of digital IT
FAIRFAX, Va., July 23, 2021 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB), parent company of MainStreet Bank, announces the appointment of a veteran banking supervisor, Rafael E. DeLeon, as a director of the company and the bank. "I'm Happy to be joining MainStreet Bank and see it as a capstone in my career" Rafael E. DeLeonRafael E. DeLeon is currently a senior vice president of industry engagement for Ncontracts. Mr. DeLeon is a vibrant spokesperson with a wealth of knowledge on regulatory compliance and risk management for financial institutions. He joined Nco
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