MainStreet Bancshares, Inc.

MainStreet Bancshares, Inc. announced it will conduct a virtual webcast and quarterly earnings conference call on Monday, July 20, 2026, at 2:00 p.m. Eastern Time. During the call, the company plans to discuss its second-quarter results and provide updates on recent activities. Investors can contact Hattie Lester for details on attending the webcast.

MainStreet Bancshares, Inc. announced it has repurchased 207,000 shares of its outstanding common stock since the start of the second quarter. The shares were bought at an average price of $24.09 per share under its current stock repurchase program. The company noted its tangible book value was $25.63 as of March 31, 2025, and emphasized the program's flexibility.

MainStreet Bancshares, Inc. announced a quarterly cash dividend of approximately $0.47 per Depositary Share on its 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. The dividend, equivalent to $18.75 per Series A Preferred Stock share, is payable on June 30, 2026, to shareholders of record as of June 15, 2025. Additionally, at its Annual Meeting on May 21, 2026, shareholders elected four directors, ratified the appointment of Yount, Hyde & Barbour, P.C. as the independent registered public accounting firm, and approved a non-binding advisory vote on executive compensation.

MainStreet Bancshares, Inc. announced the appointment of Oliver James as Senior Vice President, Director of Commercial & Industrial and Government Contract Lending. Mr. James, a 25-year veteran of the D.C. banking community, is expected to lead the bank's specialized team and help grow market share, particularly with public sector companies and complex financing solutions. The bank highlighted his expertise in understanding the unique cash flow and working capital needs of customers.

MainStreet Bancshares, Inc. reported a significant increase in net income and earnings per share for the first quarter ended March 31, 2026. Net income rose 67.1% to $4.1 million, with diluted EPS increasing 92% to $0.48. This growth was primarily driven by a 5.96% increase in net interest income and an 11.5% reduction in non-interest expenses, despite a decrease in total interest income and non-interest income. The company also repurchased $6.08 million in common stock during the quarter.

MainStreet Bancshares, Inc. announced a new stock repurchase program, authorizing the company to buy back up to $10.0 million of its outstanding common stock. This new program will replace and supersede the existing stock repurchase program that was announced in October 2025. The timing, number, and purchase price of shares will be determined by management at its discretion, based on market conditions and other factors.

MainStreet Bancshares, Inc. announced that its Board of Directors has declared a cash dividend of $0.10 per share for common shareholders. The dividend is scheduled to be paid on May 11, 2026, to shareholders who are on record as of May 4, 2026. The Board will continue to consider future dividends based on the company's financial condition and operational results.

MainStreet Bancshares, Inc. announced the promotion of David Murrell to Executive Vice President and Chief Banking Officer. Murrell, with over 20 years in banking and having joined MainStreet in 2008, will be responsible for strategic initiatives to drive deposit growth and strengthen the Bank's $2.2 billion asset base. This promotion highlights the Bank's commitment to internal talent development and is expected to accelerate market share capture and strengthen the commercial deposit base in the Washington metropolitan area.

MainStreet Bancshares will host a virtual webcast and conference call on April 20, 2026, to discuss its first quarter results and provide an update on recent activities. Investors can contact Hattie Lester to attend the virtual webcast.