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MainStreet Bancshares Inc (MNSB)
NASDAQ:MNSB
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.21Last Year’s EPS
0.36Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 27, 2025
|% Change Since: -6.61%
|Next Earnings Date:Apr 22, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance. While there are significant achievements like core deposit growth, loan portfolio expansion, and strategic reductions in non-performing assets, the financial performance was negatively impacted by intangible asset impairment and high deposit costs. The bank remains strongly capitalized and has a strategic focus on improving its metrics in 2025.Company Guidance
In the call, MainStreet Bancshares, Inc. provided detailed guidance on their performance metrics for fiscal year 2024 and expectations for 2025. They reported a net loss of $1.60 per share, with a return on average assets of negative 0.47% and a return on average equity of negative 4.44%. Their net interest margin stood at 3.13%. The year was impacted by an impairment of intangible assets, which negatively affected earnings per share by $2.14, ROAA by 76 basis points, and ROAE by 724 basis points. In 2024, they reversed $1.9 million of interest income and had net charge-offs of $4.5 million, with an additional provision expense of $2.9 million. For 2025, they anticipate low-single-digit loan growth and have a strategic focus on reducing non-performing assets and lowering funding costs. The tangible book value saw a positive effect of $0.48 per share due to the impairment. The company aims to leverage its Venue cannabis payment solution to capture a share of the $35.2 billion U.S. legal cannabis retail market projected for 2025. They also plan to improve their run rate expenses by 40% in 2025.Core Deposit Growth
MainStreet Bank added $187 million in core deposits during 2024, representing a strategic increase to capitalize on market conditions.
Reduction in Non-Performing Assets
Non-performing assets were reduced by 62% over the course of 2024, ending with a balance of $21.7 million.
Loan Portfolio Growth
The loan portfolio experienced a 6% growth in 2024, with a focus on owner-occupied and owner-operated businesses.
Successful Implementation of Avenue Version 1
The Avenue software was launched on October 1, 2024, fully supporting the cannabis opportunity with initial alpha testing completed successfully.
Strong Capitalization and Prudent Management
Despite challenges, MainStreet Bank remains strongly capitalized, with proactive management of classified loans and stress testing.
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MNSB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MNSB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 27, 2025 | $17.39 | $17.00 | -2.24% |
| Oct 28, 2024 | $17.78 | $17.55 | -1.29% |
| Jul 29, 2024 | $17.86 | $17.41 | -2.52% |
| Apr 22, 2024 | $16.82 | $15.23 | -9.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does MainStreet Bancshares Inc (MNSB) report earnings?
MainStreet Bancshares Inc (MNSB) is schdueled to report earning on Apr 22, 2025, TBA Not Confirmed.
What is MainStreet Bancshares Inc (MNSB) earnings time?
MainStreet Bancshares Inc (MNSB) earnings time is at Apr 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MNSB EPS forecast?
MNSB EPS forecast for the fiscal quarter 2025 (Q1) is 0.21.
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