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MainStreet Bancshares, Inc. (NASDAQ:MNSB) announced Friday that its Board of Directors has declared a quarterly cash dividend on the company’s 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. Each depositary share represents a 1/40th interest in a share of the Series A Preferred Stock, which carries a par value of $1.00 per share and a liquidation preference of $1,000 per share ($25 per depositary share).
The dividend amounts to approximately $0.47 per depositary share, or $18.75 per share of Series A Preferred Stock outstanding. The cash dividend will be payable on December 30, 2025, to shareholders of record as of the close of business on December 15, 2025. While MainStreet has not been profitable over the last twelve months according to InvestingPro data, analysts are forecasting a positive outlook with expected net income growth and earnings per share of $1.15 for fiscal year 2025.
MainStreet Bancshares issued an aggregate of 1,150,000 depositary shares in September 2020, representing a total liquidation preference of $28,750,000. The company stated that, when and if declared by the Board, future dividend payments on the Series A Preferred Stock and associated depositary shares are scheduled to be paid quarterly in arrears on March 30, June 30, September 30, and December 30 of each year.
The company’s depositary shares trade on the Nasdaq Capital Market under the symbol NASDAQ:MNSBP. This information is based on a press release statement included in a filing with the Securities and Exchange Commission.
In other recent news, Mainstreet Bank announced its second-quarter earnings for 2025, reporting an earnings per share (EPS) of $0.52, which slightly exceeded the forecasted $0.51. Despite this positive earnings result, the bank’s revenue did not meet expectations, totaling $18.22 million compared to the anticipated $19.4 million. These recent developments highlight a mixed financial performance for the bank. Analysts and investors are likely to scrutinize these figures as they assess the company’s financial health and future prospects. The revenue shortfall might prompt further analysis from financial experts regarding Mainstreet Bank ’s operational strategies. While the earnings beat could be seen as a positive indicator, the revenue miss suggests potential areas for improvement. These financial results are crucial for investors as they make informed decisions about their investments in Mainstreet Bank.
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