Logo

MNSB

MainStreet Bancshares, Inc.

MNSB

MainStreet Bancshares, Inc. • NASDAQ
$19.49 ▲ 0.05% (+0.01)
Market Cap $149.34 M
52w High $22.98
52w Low $15.00
Dividend Yield 0.40%
P/E -21.42
Volume 5.42K
Outstanding Shares 7.66M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $33.441M ▼ $12.522M ▼ $4.517M ▼ 13.507% ▲ $0.52 ▼ $6.61M ▼
Q2-2025 $35.352M ▲ $14.745M ▲ $4.59M ▲ 12.984% ▲ $0.53 ▲ $6.917M ▲
Q1-2025 $33.902M ▼ $14.314M ▼ $2.453M ▲ 7.236% ▲ $0.25 ▲ $4.354M ▲
Q4-2024 $35.925M ▲ $34.431M ▲ $-16.167M ▼ -45.002% ▼ $-2.2 ▼ $-19.264M ▼
Q3-2024 $34.477M $13.219M $265K 0.769% $-0.036 $1.124M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $26.653M ▼ $2.125B ▲ $1.906B ▲ $218.363M ▲
Q2-2025 $107.682M ▼ $2.115B ▼ $1.901B ▼ $213.47M ▲
Q1-2025 $233.902M ▲ $2.223B ▼ $2.013B ▼ $209.618M ▲
Q4-2024 $48.923M ▼ $2.228B ▲ $2.02B ▲ $207.991M ▼
Q3-2024 $99.444M $2.225B $1.999B $226.051M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $4.517M ▼ $5.589M ▲ $-21.203M ▼ $9.624M ▲ $-5.99M ▲ $5.451M ▲
Q2-2025 $4.59M ▲ $1.194M ▼ $41.47M ▲ $-112.02M ▼ $-69.356M ▼ $-2.628M ▼
Q1-2025 $2.453M ▲ $1.451M ▼ $-4.366M ▲ $-2.153M ▼ $-5.068M ▲ $1.396M ▼
Q4-2024 $-16.167M ▼ $5.453M ▲ $-42.672M ▼ $12.813M ▼ $-24.406M ▼ $4.758M ▲
Q3-2024 $264K $4.47M $-822K $137.007M $140.655M $2.633M

Revenue by Products

Product Q1-2025Q2-2025
Core Banking Segment
Core Banking Segment
 $30.00M ▲$30.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past five years, showing that the core banking franchise is still attracting business. Profitability was solid and fairly consistent until the most recent year, when results flipped to a loss, largely driven by the costly fintech/BaaS venture and related write‑downs rather than a collapse in the underlying bank. Margins that had previously been healthy are now compressed, and earnings per share swung from comfortably positive to clearly negative, signaling a reset year as the company absorbs the impact of its strategic misstep.

Balance Sheet

Balance Sheet The balance sheet has expanded at a measured pace, with total assets increasing year after year, which is typical of a growing regional bank. Capital levels have generally trended upward, suggesting a thicker equity cushion to absorb shocks, even after the recent loss. Debt remains modest relative to the overall balance sheet, though it did rise from earlier levels before easing back, so leverage does not look extreme. Cash and liquid resources are steady rather than abundant, implying the bank is run efficiently but without a large excess cash buffer. Overall, the balance sheet appears sound but now needs a period of earnings repair to rebuild reserves and confidence after the Avenu-related hit.

Cash Flow

Cash Flow Cash generation from the core business has been consistently positive, which is an encouraging sign that day‑to‑day banking operations produce reliable cash inflows. Free cash flow has also been positive in each year, helped by relatively light investment spending, indicating the bank has not been stretching itself with large capital projects. The stability of operating cash flow contrasts with the volatility in reported earnings, reinforcing the view that the recent loss is more about one‑off charges than a broken business model. Still, management will need to demonstrate that cash flows remain durable as they move past the fintech pivot and refocus on traditional lending and deposit gathering.

Competitive Edge

Competitive Edge MainStreet operates in a rich and demanding market around Washington D.C., where competition from large national banks and other regional players is intense. Its edge comes from deep local relationships, especially with government contractors and small businesses, and from a reputation for tailored lending in those niches. The “Put Our Bank in Your Office” model blends technology with high‑touch service, making it harder for bigger, more impersonal banks to pry away established clients. However, the failed Avenu initiative shows that stretching too far into new arenas can strain resources and distract from this core advantage. The bank’s competitive position remains grounded in specialization and service, not scale, which can be a strength in stable times but may limit flexibility in tougher environments.

Innovation and R&D

Innovation and R&D The company has clearly been willing to experiment: it built a direct‑connect BaaS platform (Avenu) that bypassed middlemen and was technologically ambitious for a bank of its size. That project, however, did not gain traction and has now been shut down, resulting in a sizable software write‑off and a reminder that high‑concept innovation carries real financial risk. By contrast, its quieter, more incremental innovations—remote deposit, office‑centric service, and a branch‑lite, digitally enabled model—have worked better and align closely with its strengths. Going forward, innovation seems likely to shift from big platform bets toward improving existing digital tools and customer experience, using lessons from Avenu without repeating its cost profile. The challenge will be balancing useful, targeted technology investments with tighter cost discipline.

Summary

MainStreet Bancshares looks like a fundamentally relationship‑driven community/regional bank that had a strong multi‑year run in earnings, then stumbled as a bold fintech strategy failed to pay off. The core franchise—local business banking, government contractor lending, SBA expertise, and tech‑enabled but personal service—appears intact and continues to generate steady cash flow and a growing asset base. The most recent year marks a reset, with headline profitability damaged by one‑time charges and higher expenses rather than a clear collapse in demand for its core services. Key things to watch from here include: how quickly profitability normalizes after the Avenu shutdown, whether credit quality and loan growth in its specialized niches hold up, how effectively management reins in costs, and how the bank positions itself competitively in a crowded D.C. market without overreaching again on the technology front.

NEWS

November 26, 2025 · 9:00 AM UTC

MainStreet Bancshares, Inc. Announces CFO Planned Retirement

Read more