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- NasdaqCM:MNSB
MainStreet Bancshares Third Quarter 2024 Earnings: Misses Expectations
MainStreet Bancshares (NASDAQ:MNSB) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$13.3m (down 31% from 3Q 2023).
- Net loss: US$274.0k (down by 105% from US$5.80m profit in 3Q 2023).
- US$0.036 loss per share (down from US$0.77 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
MainStreet Bancshares Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are down 1.9% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for MainStreet Bancshares that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqCM:MNSB
MainStreet Bancshares
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.
Excellent balance sheet and fair value.