Stock Analysis
- United States
- /
- Banks
- /
- NasdaqCM:MNSB
MainStreet Bancshares First Quarter 2024 Earnings: EPS: US$0.36 (vs US$1.01 in 1Q 2023)
MainStreet Bancshares (NASDAQ:MNSB) First Quarter 2024 Results
Key Financial Results
- Revenue: US$16.5m (down 25% from 1Q 2023).
- Net income: US$2.77m (down 64% from 1Q 2023).
- Profit margin: 17% (down from 35% in 1Q 2023). The decrease in margin was driven by lower revenue.
- EPS: US$0.36 (down from US$1.01 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
MainStreet Bancshares Earnings Insights
Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are down 4.2% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for MainStreet Bancshares (1 doesn't sit too well with us!) that we have uncovered.
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About NasdaqCM:MNSB
MainStreet Bancshares
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.
Flawless balance sheet and good value.