| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 0.57 | 7.5% |
| Total Income | 0.57 | 7.5% |
| Expenditure | -4.79 | 83.5% |
| PBT | 5.36 | 70.7% |
| Net Profit | 4.10 | 67.3% |
| OPM | — | |
| NPM | 100.00% | 0.00pp |
| EPS | 0.48 | 92.0% |
MainStreet Bancshares Reports Q1 2026 Net Income of $4.1 Million
20 Apr 2026 · 20 Apr, 5:32 pm
Summary
MainStreet Bancshares, Inc. reported a net income of $4.1 million for Q1 2026, with earnings per common share at $0.48. The net interest margin expanded by 9 basis points to 3.47% due to consistent loan pricing and lower funding costs. During the quarter, the company executed a share buyback of 273,448 shares, and the book value per common share ended at $25.63. Total core funding is $1.4 billion and total deposits grew to over $1.9 billion.
Key Highlights
- 1
MainStreet Bancshares, Inc. reported a net income of $4.1 million for the quarter ended March 31, 2026.
- 2
Earnings per common share were $0.48 for the first quarter of 2026.
- 3
The net interest margin expanded by 9 basis points during the quarter to 3.47%.
- 4
The company executed a buyback of 273,448 shares during the quarter.
- 5
Book value per common share ended the quarter at $25.63.
- 6
Total core funding reached $1.4 billion, and total deposits grew to over $1.9 billion.
- 7
Net loans increased for the quarter to $1.85 billion, resulting in a 98% loan-to-deposit ratio.
Management Comments
Jeff W. Dick
Our team’s disciplined execution continues to drive value for our shareholders. With robust liquidity and a growing book value, we leveraged our share buyback program to take advantage of accretive opportunities in the market. At the same time, we remain focused on delivering strong and sustainable earnings growth.
Alex Vari
We continue to replace higher cost funds with lower cost deposits which is a key driver of our expanding net interest margin. We’ve seen our eighth straight quarter with improvement in our total cost of deposits. This is a testament to our diligence in structuring noncore deposits while our business bankers maintain and grow valuable relationships within our community. Total core funding is $1.4 billion and total deposits grew to over $1.9 billion.
Tom Floyd
Net loans increased for the quarter to $1.85 billion resulting in a well-managed 98% loan-to-deposit ratio. We’re pleased to have grown our owner-occupied commercial real estate book by $79 million year-over-year. Our owner-occupied relationships also bring good deposit balances, which helps to maximize the value of our customer relationships.
Chris Johnston
We have a strong credit culture and a comprehensive underwriting process. The loans we are currently working to resolve are secured by properly leveraged real estate with personal guarantees. Our primary objective is to work with borrowers to resolve loans that have elevated risk without exposing the Bank to a loss of principal. Our team’s track record on resolutions is strong – with a total accumulated principal loss of less-than $10 million over the entire 22-year history for the commercial loan portfolio.
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