MainStreet Bancshares发布2026年二季度业绩，利润环比改善但资产质量压力仍高

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MainStreet Bancshares, Inc. Delivers Solid Second Quarter 2026 Performance
July 20, 2026
Disciplined Expense Management and Healthy NIM Drive Sequential Income Growth
FAIRFAX, Va., July 20, 2026 (GLOBE NEWSWIRE) -- MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), the financial holding company for MainStreet Bank, reported net income of $4.7 million for the quarter-ended June 30, 2026, a 14% increase from the previous quarter, resulting in earnings per common share of $0.58. The net interest margin expansion continued, rising to 3.53% for the quarter.
The Company repurchased 207,000 shares of common stock during the quarter, all of which were accretive to tangible book value. The combination of accretive share repurchases and quarterly earnings increased tangible book value to $26.30 per common share. The Company and Bank remain strongly capitalized.
“We are pleased to report that the Company’s performance continues to be directionally consistent. The month of June produced an annualized return on average assets of 1.03% and an annualized return on average tangible common equity of 11.09%, which is progressing toward expectations,” said Jeff W. Dick, Chairman and CEO of MainStreet Bancshares, Inc. and MainStreet Bank.
“The lenders booked $78 million in new loans and the business bankers kept pace with deposit growth, resulting in a 100% loan-to-deposit ratio,” said Abdul Hersiburane, President of MainStreet Bank. “Our year-over-year growth of $97 million in owner-occupied commercial real estate reflects our focus on operating businesses that bring strong relationships. We’re also excited about the opportunities surfacing for our commercial and government contracting team.”
Nonperforming assets to total assets settled at 2.77% while loans 30-89 days past due and accruing dropped to 0.79% for the quarter. Chris Johnston, Chief Credit Officer of MainStreet Bank, expanded, “Our asset quality metrics remain manageable with zero net charge-offs during the quarter. We are steadfast in the speedy resolution of our nonperforming assets.”
About MainStreet Bank:
MainStreet operates seven branches in Herndon, Fairfax, McLean, Leesburg, Middleburg, Clarendon, and Washington, D.C. MainStreet Bank has over 55,000 free ATMs and a fully integrated online and mobile banking solution. The Bank is not restricted by a conventional branching system, as it can offer business customers the ability to
Put Our Bank in Your Office
®
. With robust and easy-to-use online business banking technology, MainStreet has “put our bank” in thousands of businesses in the metropolitan area.
MainStreet Bank has a robust line of business and professional lending products, including government contracting lines of credit, commercial lines and term loans, residential and commercial construction, and commercial real estate. MainStreet also works with the SBA to offer 7A and 504 lending solutions. From sophisticated cash management to enhanced mobile banking and instant-issue Debit cards, MainStreet Bank is always looking for ways to improve our customer's experience.
MainStreet Bank was the first community bank in the Washington, D.C., metropolitan area to offer a full online business banking solution. MainStreet Bank was also the first bank headquartered in the Commonwealth of Virginia to offer CDARS – a solution that provides multi-million-dollar FDIC insurance. Further information on the Bank can be obtained by visiting its website at
mstreetbank.com
.
This release contains forward-looking statements, including our expectations with respect to future events that are subject to various risks and uncertainties. The statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as
“
may,
” “
will,
could,
should,
expect,
plan,
project,
intend,
anticipate,
believe,
estimate,
predict,
potential,
pursuant,
target,
continue,
”
and similar expressions are intended to identify such forward-looking statements. Factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations include: fluctuation in market rates of interest and loan and deposit pricing, adverse changes in the overall national economy as well as adverse economic conditions in our specific market areas, future impacts of pandemic outbreaks, maintenance and development of well-established and valued client relationships and referral source relationships, and acquisition or loss of key production personnel. We caution readers that the list of factors above is not exclusive. The forward-looking statements are made as of the date of this release, and we may not undertake steps to update the forward-looking statements to reflect the impact of any circumstances or events that arise after the date the forward-looking statements are made. In addition, our past results of operations are not necessarily indicative of future performance.
UNAUDITED CONSOLIDATED BALANCE SHEET INFORMATION
(In thousands)
June 30,
2026
March 31,
December
31, 2025*
September
30, 2025
2025
ASSETS
Cash and due from banks
$
30,125
33,044
25,179
23,940
20,888
Interest-bearing deposits at other financial institutions
751
783
1,276
1,315
864
Federal funds sold
78,405
134,288
136,301
102,039
111,532
Total cash and cash equivalents
109,281
168,115
162,756
127,294
133,284
Investment securities available for sale (AFS), at fair value
57,114
57,021
57,954
58,338
56,138
Investment securities held to maturity (HTM), at amortized cost, net of allowance for credit losses of $0 for all periods
13,785
13,790
13,798
14,293
14,846
Restricted securities, at amortized cost
6,998
7,005
Loans, net of allowance for credit losses of $19,306, $19,049, $19,308, $18,831, and $19,057, respectively
1,928,372
1,850,961
1,841,833
1,788,243
1,767,432
Premises and equipment, net
13,192
13,430
13,608
13,212
13,344
Other real estate owned, net
900
1,094
1,697
—
Property held for sale, at fair value
2,760
2,745
2,728
3,225
Accrued interest and other receivables
14,575
13,453
14,518
13,622
15,023
Bank owned life insurance
41,396
41,071
40,752
40,433
40,117
Other assets
54,712
54,615
56,020
59,124
64,367
Total Assets
2,243,085
2,223,293
2,212,669
2,124,789
2,114,781
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Non-interest bearing deposits
363,883
359,113
378,694
324,717
330,045
Interest-bearing demand deposits
114,087
120,700
119,407
123,231
124,090
Savings and NOW deposits
144,783
138,667
121,905
125,214
116,069
Money market deposits
542,687
545,804
499,334
458,946
463,904
Time deposits
768,865
750,441
779,844
778,727
764,439
Total deposits
1,934,305
1,914,725
1,899,184
1,810,835
1,798,547
Subordinated debt, net
70,100
70,035
69,936
69,837
71,238
Other liabilities
24,244
23,549
24,958
25,754
31,526
Total Liabilities
2,028,649
2,008,309
1,994,078
1,906,426
1,901,311
Stockholders’ Equity:
Preferred stock
27,263
Common stock
27,431
28,247
29,008
29,833
29,825
Capital surplus
57,484
61,045
66,531
68,895
68,261
Retained earnings
107,777
104,360
101,557
98,793
95,585
Accumulated other comprehensive loss
(5,519
)
(5,931
(5,768
(6,421
(7,464
Total Stockholders’ Equity
214,436
214,984
218,591
218,363
213,470
Total Liabilities and Stockholders’ Equity
*Derived from audited financial statements
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME INFORMATION
(In thousands, except share and per share data)
Year-to-Date
Three Months Ended
31, 2025
INTEREST INCOME:
Interest and fees on loans
60,256
63,554
30,738
29,518
29,969
30,688
32,443
Interest on investment securities
Taxable securities
841
851
423
418
421
435
431
Tax-exempt securities
576
530
289
287
276
270
267
Interest on interest-bearing deposits at other financial institutions
20
32
10
11
Interest on federal funds sold
1,615
2,282
630
985
1,198
1,060
1,135
Total interest income
63,308
67,249
32,090
31,218
31,874
32,464
34,286
INTEREST EXPENSE:
Interest on interest-bearing demand deposits
1,752
2,052
862
890
1,064
1,071
1,004
Interest on savings and NOW deposits
810
612
389
390
467
391
Interest on money market deposits
8,478
9,983
4,487
3,991
4,246
4,623
4,707
Interest on time deposits
14,808
17,626
7,158
7,650
8,244
8,369
8,595
Interest on federal funds purchased
109
65
84
25
28
Interest on subordinated debt
1,625
1,611
846
779
788
804
799
Total interest expense
27,582
31,949
13,858
13,724
14,732
15,362
15,496
Net interest income
35,726
35,300
18,232
17,494
17,142
17,102
18,790
Provision for credit losses
454
(543
585
(131
328
144
Net interest income after provision for credit losses
35,272
35,843
17,647
17,625
16,814
16,958
19,333
NON-INTEREST INCOME:
Deposit account service charges
1,125
1,068
552
573
559
557
538
Bank owned life insurance income
644
610
325
319
316
308
Gain on retirement of subordinated debt
128
145
68
Gain on equity securities
103
Loss on sale of other real estate owned
(685
Other non-interest income
217
96
17
200
22
104
49
Total non-interest income
1,301
2,005
894
407
1,122
1,066
NON-INTEREST EXPENSES:
Salaries and employee benefits
15,056
16,664
7,505
7,551
7,557
7,366
8,279
Furniture and equipment expenses
1,526
2,157
768
758
884
1,141
Advertising and marketing
675
1,011
379
296
469
571
Occupancy expenses
617
714
252
365
293
400
318
Outside services
905
2,463
445
460
688
625
1,290
Administrative expenses
448
499
207
241
238
259
Other real estate owned expenses
244
24
220
Other operating expenses
5,719
5,551
2,936
2,783
2,696
2,647
2,917
Total non-interest expenses
25,190
29,059
12,516
12,674
12,825
12,667
14,745
Income before income tax expense
11,383
8,789
6,025
5,358
4,889
5,413
5,654
Income tax expense
2,615
1,746
1,357
1,258
836
896
Net income
8,768
7,043
4,668
4,100
4,053
4,517
4,590
Preferred stock dividends
1,078
539
Net income available to common shareholders
7,690
5,965
4,129
3,561
3,514
3,978
4,051
Earnings per common share, basic and diluted
1.05
0.78
0.58
0.48
0.46
0.52
0.53
Weighted average number of common shares, basic and diluted
7,329,939
7,670,623
7,177,264
7,484,310
7,564,723
7,704,639
7,704,677
UNAUDITED LOAN, DEPOSIT AND BORROWING DETAIL
June 30, 2026
March 31, 2026
June 30, 2025
Percentage Change
$ Amount
% of
Total
Last 3
Mos
Last 12
LOANS:
Construction and land development loans
312,885
16.0
%
299,043
328,351
18.2
4.6
-4.7
Residential real estate loans
465,373
23.8
448,290
23.9
452,458
25.3
3.8
2.9
Commercial real estate loans
1,071,008
54.9
1,024,695
54.7
911,390
50.9
4.5
17.5
Commercial and industrial loans
101,433
5.2
100,782
5.3
97,699
5.5
0.6
Consumer loans
1,278
0.1
1,232
1,075
3.7
18.9
Total Gross Loans
1,951,977
100.0
1,874,042
1,790,973
4.2
9.0
Less: Allowance for credit losses
(19,306
(19,049
(19,057
Net deferred loan fees
(4,299
(4,032
(4,484
Net Loans
DEPOSITS:
18.8
18.4
1.3
10.3
Interest-bearing deposits:
Demand deposits
5.9
6.3
6.9
-5.5
-8.1
7.5
7.2
6.5
4.4
24.7
28.1
28.5
25.8
-0.6
17.0
Time deposit $250,000 or more
512,878
26.5
478,971
25.0
490,692
27.2
7.1
Time deposit less than $250,000
255,987
13.2
271,470
14.2
273,747
15.2
-5.7
-6.5
Total Deposits
1.0
BORROWINGS:
-1.6
Total Borrowings
Total Deposits and Borrowings
2,004,405
1,984,760
1,869,785
Core customer funding sources (1)
1,391,834
69.4
1,399,602
70.5
1,329,804
71.1
4.7
Brokered and listing service sources (2)
542,471
27.1
515,123
26.0
468,743
25.1
15.7
Subordinated debt, net (3)
3.5
Total Funding Sources
(1
Includes ICS, CDARS, and reciprocal deposits maintained by customers, which represent sweep accounts tied to customer operating accounts.
(2
Consists of certificates of deposit (CD) through multiple listing services and multiple brokered deposit services, as well as ICS and CDARS one-way certificates of deposit and regional money market accounts.
(3
Subordinated debt obligation qualifies as Tier 2 capital at the holding company and Tier 1 capital at the Bank.
UNAUDITED AVERAGE BALANCE SHEETS, INTEREST AND RATES
For the three months ended June 30, 2026
For the three months ended June 30, 2025
Average
Balance
Interest
Income/
Expense
(3)(4)
Yields/ Rate
(annualized)
ASSETS:
Interest-earning assets:
Loans
(1)(2)
1,919,481
6.42
1,819,307
7.15
Securities:
Taxable
49,222
3.45
52,911
3.27
Tax-exempt
36,123
366
4.06
35,434
338
3.83
1,154
3.48
756
5.31
74,355
3.40
107,583
4.23
Total interest-earning assets
2,080,335
32,167
6.20
2,015,991
34,357
6.84
126,881
116,675
Total assets
2,207,216
2,132,666
Liabilities and Stockholders’ Equity:
Interest-bearing liabilities:
114,088
3.03
112,579
3.58
141,176
1.20
119,163
1.32
538,719
3.34
479,267
3.94
741,846
3.87
784,824
4.39
Total interest-bearing deposits
1,535,829
12,928
3.38
1,495,833
14,697
Federal funds purchased
8,573
3.93
1
0.00
70,084
4.84
71,199
4.50
Total interest-bearing liabilities
1,614,486
3.44
1,567,033
3.97
Demand deposits and other liabilities
378,871
354,552
Total liabilities
1,993,357
1,921,585
Stockholders’ Equity
213,859
211,081
Interest Rate Spread
2.76
2.87
Net Interest Income
18,309
18,861
Net Interest Margin
3.53
3.75
Includes loans classified as non-accrual
Total loan interest income includes amortization of deferred loan fees, net of deferred loan costs
Income and yields for all periods presented are reported on a tax-equivalent basis using the federal statutory rate of 21%
(4
Refer to "Unaudited Reconciliation of Certain Non-GAAP Financial Measures" for reconciliation of non-GAAP measures
For the six months ended June 30, 2026
For the six months ended June 30, 2025
1,891,701
1,834,314
6.99
49,481
3.43
53,050
3.23
36,143
729
4.07
35,317
671
1,129
3.57
1,393
4.63
87,649
3.72
108,612
4.24
2,066,103
63,461
6.19
2,032,686
67,390
6.69
127,494
111,326
2,193,597
2,144,012
116,842
3.02
111,999
3.69
138,072
1.18
93,649
Money market deposit
515,424
3.32
508,319
3.96
757,582
791,399
4.49
1,527,920
25,848
3.41
1,505,366
30,273
5,582
2,790
4.70
70,040
4.68
72,116
1,603,542
3.47
1,580,272
4.08
374,230
354,133
1,977,772
1,934,405
215,825
209,607
2.72
2.61
35,879
35,441
3.50
3.52
UNAUDITED SUMMARY FINANCIAL DATA
(Dollars in thousands except per share data)
At or For the Three
Months Ended
At or For the Six Months
Ended
Per share Data and Shares Outstanding
Earnings per common share (basic and diluted)
Book value per common share
26.30
24.17
Weighted average common shares (basic and diluted)
Common shares outstanding at end of period
7,117,438
7,704,037
Performance Ratios
Return on average assets (annualized)
0.85
0.86
0.81
0.66
Return on average equity (annualized)
8.75
8.72
8.19
6.78
Return on average common equity (annualized)
8.88
8.84
8.22
6.60
Yield on earning assets (FTE)(2) (annualized)
Cost of interest-bearing liabilities (annualized)
Net interest spread (FTE)(2) (annualized)
Net interest margin (FTE)(2) (annualized)
Non-interest income as a percentage of average assets (annualized)
0.16
0.20
0.12
0.19
Non-interest expense to average assets (annualized)
2.27
2.77
2.32
2.73
Efficiency ratio(3)
65.44
74.26
68.03
77.90
Allowance for Credit Losses
Allowance for credit losses (ACL)
Beginning balance, ACL - loans
19,049
19,460
19,308
19,450
Add: recoveries
14
747
36
757
Less: charge-offs
(622
(281
Add: provision for credit losses - loans
243
(528
Ending balance, ACL - loans
19,306
19,057
Beginning balance, reserve for unfunded commitment (RUC)
204
335
Provision for unfunded commitments, net
342
(15
211
Ending balance, RUC
546
272
Total allowance for credit losses
19,852
19,329
Allowance for credit losses on loans to total gross loans
0.99
1.06
Allowance for credit losses on loans to non-performing loans
31.50
2.01X
Net charge-offs to average gross loans (annualized)
(0.03
)%
0.03
(0.01
Concentration Ratios
Commercial real estate loans to total capital (4)
379.34
365.89
Construction loans to total capital (5)
103.48
108.84
Past due and Non-performing Assets
Loans 30-89 days past due and accruing to total gross loans
0.79
2.11
Loans 90 days past due and accruing to total gross loans
Non-accrual loans to total gross loans
3.14
0.40
Non-performing loans
61,289
7,169
Non-performing assets to total assets
0.34
Regulatory Capital Ratios (Bank only) (1)
Total risk-based capital ratio
15.14
16.44
Tier 1 risk-based capital ratio
14.14
15.39
Leverage ratio
12.78
13.21
Common equity tier 1 ratio
Other information
Common shares closing stock price
24.69
18.90
Total equity / total assets
9.56
10.09
Average equity / average assets
9.69
9.90
9.84
9.78
Number of full time equivalent employees
166
174
Number of full service branch offices
7
6
Regulatory capital ratios as of June 30, 2026 are preliminary
Efficiency ratio is calculated as non-interest expense as a percentage of net interest income and non-interest income
Commercial real estate includes only non-owner occupied, multifamily, and construction loans as a percentage of Bank capital
(5
Construction loans as a percentage of Bank capital
Unaudited Reconciliation of Certain Non-GAAP Financial Measures
(Dollars In thousands)
For the three months ended
For the six months ended
Net interest margin (FTE)
Net interest income (GAAP)
FTE adjustment on tax-exempt securities
77
71
153
141
Net interest income (FTE) (non-GAAP)
Average interest-earning assets
Net interest margin (GAAP)
3.74
3.49
Net interest margin (FTE) (non-GAAP)
Yield on earning assets (FTE)
Total interest income (GAAP)
Total interest income (FTE) (non-GAAP)
Yield on earning assets (GAAP)
6.82
6.18
6.67
Yield on earning assets (FTE) (non-GAAP)
Net interest spread (FTE)
Yield on interest-bearing liabilities (GAAP)
Net interest spread (GAAP)
2.75
2.85
2.71
2.59
Net interest spread (FTE) (non-GAAP)
Contact: Billy Freesmeier
Chief of Staff
(703) 481-4579
Source: MainStreet Bancshares, Inc.