A Business at a Glance
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PART I As used herein, the “Company,” “we,” “our,” and “us” refer to MainStreet Bancshares, Inc., and the “Bank” refers to MainStreet Bank. MainStreet Bancshares, Inc. is a financial holding company that owns 100% of MainStreet Bank and MainStreet Community Capital, LLC. On October 12, 2021, the Company filed an election to be a financial holding company with the Board of Governors of the Federal Reserve System (the “Federal Reserve”). The Company elected financial holding company status in order to engage in a broader range of financial activities than are permitted for bank holding companies generally. We emphasize providing responsive and personalized services to our clients. Due to the consolidation of financial institutions in our primary market area, we believe there is a significant opportunity for a local bank to provide a full range of financial services.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 2.1M | - | - | - | - | 53M |
| Net Income | -4.6M | -12M | 24M | 25M | 20M | 15M |
| EPS | $-0.91 | $-1.60 | $3.25 | $3.26 | $2.65 | $1.85 |
| Free Cash Flow | 9.6M | 14M | 31M | 32M | 27M | 16M |
| ROIC | 0.1% | -5.8% | 11.7% | 17.8% | 10.6% | 9.0% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 9.71 | 8.19 | 8.71 | 7.73 | 8.80 |
| Dividends/Share | $0.40 | $0.40 | $0.40 | $0.25 | - | $0.08 |
| Operating Income | 221K | -7.4M | 32M | 45M | 1.8M | 1.2M |
| Operating Margin | 10.5% | - | - | - | - | 2.3% |
| ROE | -2.1% | -5.7% | 11.0% | 12.4% | 10.6% | 9.0% |
| Shares Outstanding | 8M | 8M | 8M | 8M | 8M | 8M |
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 34M | 44M | 53M | N/A | N/A | N/A | N/A | 2.1M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 996K | 1.1M | 1.2M | 1.8M | 45M | 32M | -7.4M | 221K |
| Op. Margin | 2.9% | 2.6% | 2.3% | N/A | N/A | N/A | N/A | 10.5% |
| Net Income | 9.2M | 14M | 15M | 20M | 25M | 24M | -12M | -4.6M |
| Net Margin | 26.8% | 31.5% | 28.2% | N/A | N/A | N/A | N/A | -218.9% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||||
| ROIC | 7.6% | 10.2% | 9.0% | 10.6% | 17.8% | 11.7% | -5.8% | 0.1% |
| ROE | 7.6% | 10.2% | 9.0% | 10.6% | 12.4% | 11.0% | -5.7% | -2.1% |
| ROA | 0.8% | 1.1% | 0.9% | 1.2% | 1.3% | 1.2% | -0.6% | -7.8% |
| Cash Flow | ||||||||
| Op. Cash Flow | 13M | 17M | 17M | 29M | 34M | 32M | 15M | 14M |
| Free Cash Flow | 11M | 16M | 16M | 27M | 32M | 31M | 14M | 9.6M |
| Owner Earnings | 10M | 14M | 14M | 25M | 29M | 27M | 8.2M | 7.2M |
| CapEx | 1.4M | 990K | 1.3M | 1.8M | 1.1M | 497K | 909K | 4.1M |
| Maint. CapEx | 1.7M | 1.6M | 1.7M | 1.9M | 2.1M | 2.3M | 3.7M | 3.7M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 371K |
| D&A | 1.7M | 1.6M | 1.7M | 1.9M | 2.1M | 2.3M | 3.7M | 3.7M |
| CapEx/OCF | 10.9% | 5.9% | 7.5% | 6.2% | 3.4% | 1.6% | 6.2% | 29.6% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 0 | 635K | 0 | 1.9M | 3.0M | 3.0M | 3.1M |
| Dividend Yield | N/A | N/A | 0.5% | N/A | 1.1% | 1.8% | 2.3% | 1.7% |
| Share Buybacks | 0 | 0 | 14M | 0 | 6.9M | 43K | 732K | 732K |
| Buyback Yield | N/A | N/A | 10.9% | N/A | 3.6% | 0.0% | 0.5% | 0.4% |
| Stock-Based Comp | 883K | 1.0M | 1.5M | 1.9M | 2.5M | 2.5M | 2.8M | 2.8M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 8.08 | 8.32 | 8.80 | 7.73 | 8.71 | 8.19 | 9.71 | 0.00 |
| Interest Coverage | 0.1 | 0.1 | 0.1 | 0.2 | 3.3 | 18.2 | -0.9 | -0.9 |
| Equity | 121M | 137M | 168M | 189M | 198M | 222M | 208M | 218M |
| Total Assets | 1.1B | 1.3B | 1.6B | 1.6B | 1.9B | 2.0B | 2.2B | 59M |
| Total Liabilities | 979M | 1.1B | 1.5B | 1.5B | 1.7B | 1.8B | 2.0B | 325M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 15M | 29M | 44M | 64M | 87M | 107M | 91M | 91M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | ||||||||
| EPS | 1.38 | 1.69 | 1.85 | 2.65 | 3.26 | 3.25 | -1.60 | -0.91 |
| Owner EPS | 1.50 | 1.70 | 1.69 | 3.36 | 3.85 | 3.58 | 1.08 | 0.93 |
| Book Value | 18.17 | 16.60 | 20.57 | 25.00 | 26.36 | 29.47 | 27.42 | 28.34 |
| Cash Flow/Share | 1.89 | 2.02 | 2.09 | 3.86 | 4.46 | 4.21 | 1.94 | -0.12 |
| Dividends/Share | N/A | N/A | 0.08 | N/A | 0.25 | 0.40 | 0.40 | 0.40 |
| Shares Out. | 6.7M | 8.3M | 8.2M | 7.6M | 7.5M | 7.5M | 7.6M | 7.7M |
| Valuation | ||||||||
| P/E Ratio | 11.7 | 12.6 | 8.4 | 8.3 | 7.8 | 7.3 | N/A | -25.6 |
| P/FCF | 9.6 | 11.2 | 8.1 | 6.1 | 5.9 | 5.7 | 9.6 | 18.6 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 811.9 |
| Price/Book | 0.9 | 1.3 | 0.8 | 0.9 | 1.0 | 0.8 | 0.6 | 0.8 |
| Price/Sales | 3.6 | 3.8 | 2.2 | N/A | N/A | N/A | N/A | 85.2 |
| FCF Yield | 10.4% | 8.9% | 12.4% | 16.5% | 17.0% | 17.6% | 10.4% | 5.4% |
| Market Cap | 108M | 176M | 127M | 166M | 190M | 177M | 133M | 179M |
| Avg. Price | 18.63 | 20.18 | 14.66 | 20.38 | 23.10 | 22.10 | 17.36 | 23.28 |
| Year-End Price | 16.11 | 21.30 | 15.56 | 21.94 | 25.31 | 23.58 | 17.56 | 23.28 |
MainStreet Bancshares, Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 18.6x vs a median of 8.1x. The company's 5-year average ROIC is 8.7%. Total shareholder yield (dividends + buybacks) is 2.1%. At current prices, the estimated annualized return to fair value is +3.3%.
MainStreet Bancshares, Inc. (MNSB) has a 5-year average return on invested capital (ROIC) of 8.7%. This is below average and may indicate limited pricing power.
MainStreet Bancshares, Inc. (MNSB) has a market capitalization of $179M. It is classified as a small-cap stock.
Yes, MainStreet Bancshares, Inc. (MNSB) pays a dividend with a trailing twelve-month yield of 1.71%. The company also returns capital through share buybacks, with a buyback yield of 0.41%.
MainStreet Bancshares, Inc. (MNSB) operates in the State Commercial Banks industry, within the Financials sector.
MainStreet Bancshares, Inc. (MNSB) generated $14 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MainStreet Bancshares, Inc. (MNSB) has a debt-to-equity ratio of 9.71. This indicates higher leverage, which may increase financial risk.
MainStreet Bancshares, Inc. (MNSB) reported earnings per share (EPS) of $-1.60 in its most recent fiscal year.
MainStreet Bancshares, Inc. (MNSB) has a return on equity (ROE) of -5.7%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 7 years of financial data for MainStreet Bancshares, Inc. (MNSB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MainStreet Bancshares, Inc. (MNSB) has a book value per share of $27.42, based on its most recent annual SEC filing.