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MainStreet Bancshares, Inc. Appoints Rafael E. DeLeon to Board of Directors

MainStreet Bancshares, Inc. Appoints Rafael E. DeLeon to Board of Directors
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MainStreet Bancshares, Inc. Reports Strong First Quarter 2021 Earnings

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FAIRFAX, Va., April 21, 2021 /PRNewswire/ MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), the holding company for MainStreet Bank, reported net income of $5.5 million for the first quarter of 2021. Net income of $5.5 million represents a 12.95% Return on Average Equity (ROAE), a 1.32% Return on Average Assets (ROAA) and $0.65 per share of common stock (basic and diluted).
MainStreet Bank Headquarters 10089 Fairfax Blvd Fairfax, Virginia 22030 (PRNewsfoto/MainStreet Bancshares, Inc.)
We are focused on adding new loan and deposit relationships Abdul Hersiburane
Net interest income was $13.5 million and noninterest income was $1.4 million for the quarter-ended March 31, 2021, an increase of 31% and 2% respectively over the same period in 2020. One-half of the increase in net interest income for the quarter came from Paycheck Protection Program (PPP) origination fees. ....

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Mid-Morning Market Update: Markets Open Lower; Home Depot Tops Q4 Views

Mid-Morning Market Update: Markets Open Lower; Home Depot Tops Q4 Views
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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(MNSB) - MainStreet Bancshares: Q4 Earnings Insights

Quarterly Results
Earnings per share rose 119.05% over the past year to $0.92, which beat the estimate of $0.53.
Revenue of $14,969,000 up by 31.71% year over year, which beat the estimate of $11,910,000.
Looking Ahead
Revenue guidance hasn t been issued by the company for now.
Technicals
Company s 52-week low was at $11.75
Price action over last quarter: Up 20.68%
Company Overview
MainStreet Bancshares Inc is a bank holding company. It offers banking services to the business community and individual consumers through air banking. The bank gives special importance of serving the need of individuals and small and medium-sized business and professional concerns in the Washington, District of Columbia metropolitan area. It offers products and services such as Certificates of Deposits; Loans; Credit Cards; Money Market; Treasury Services; Auto Loans; Mortgages and others. ....

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