MainStreet Bancshares Projects Q3 Loss, Maintains Growth Outlook

MainStreet Bancshares ( (MNSB) ) has shared an announcement.

MainStreet Bancshares, Inc. has issued a guidance for its third quarter of 2024, anticipating a loss of four cents per share due to a charge-off of $1.9 million for offloading nonperforming loans affected by pandemic-related issues. Despite these challenges, the company has maintained a strong net interest margin and is optimistic about future loan growth and deposit expansion, supported by easing interest rates. MainStreet Bank continues to innovate with its full online business banking solution and Avenu, a unique embedded banking platform, while preparing to discuss detailed quarterly results in a virtual webcast on October 28, 2024.

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