MainStreet Bancshares Reports Better-Than-Expected GAAP EPS and Declining Nonperforming Assets
MainStreet Bancshares (MNSB) reported Q2 GAAP earnings per share of $0.58, exceeding estimates by $0.05 despite a 3.7% year-over-year revenue decline to $19.12 million. The company also noted improvements in asset quality with nonperforming assets at 2.77% and loans past due dropping to 0.79%.
Topics: banking financials