Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $18.39 USD
Change Today +0.09 / 0.49%
Volume 3.6K
MBRG On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

middleburg financial corp (MBRG) Key Developments

Middleburg Financial Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Middleburg Financial Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total interest and dividend income of USD 10,487,000 against USD 11,114,000 a year ago. Net interest income was USD 9,315,000 against USD 9,609,000 a year ago. Income before income taxes was USD 1,792,000 against USD 1,202,000 a year ago. Net income attributable to the company was USD 1,630,000 or USD 0.23 per basic and diluted share against USD 1,123,000 or USD 0.16 per basic and diluted share a year ago. Return on average assets was 0.53% against 0.37% a year ago. Return on average equity was 5.31% against 3.92% a year ago. Net interest income after provision for loan losses was USD 8,865,000 against USD 9,499,000 a year ago. Book value per share was USD 17.11 as on December 31, 2014 against USD 15.90 as on December 31, 2013. Tangible book value per share was USD 16.58 as on December 31, 2014 against USD 15.13 as on December 31, 2013. Total revenue, which is comprised of net interest income (before provision for loan losses) and non-interest income, was USD 11.67 million for the fourth quarter of 2014, representing a decrease of 1.35% compared to the previous quarter and a decrease of 22.30% compared to the fourth quarter of 2013. The decline in revenue in the fourth quarter of 2014 compared to the previous quarter was driven by lower net interest income as the decrease in loan yields caused further net interest margin compression. For the full year, the company reported total interest and dividend income of USD 43,325,000 against USD 44,272,000 a year ago. Net interest income was USD 38,082,000 against USD 37,705,000 a year ago. Income before income taxes was USD 9,827,000 against USD 8,094,000 a year ago. Net income attributable to the company was USD 7,584,000 or USD 1.06 per diluted share against USD 6,154,000 or USD 0.87 per diluted share a year ago. Net interest income after provision for loan losses was USD 36,122,000 against USD 37,596,000 a year ago. Total revenue was USD 52.87 million compared to total revenue for 2013 of USD 62.24 million, a decline of 15.05% on a year-over-year basis. The declines in revenue in 2014 compared to the same periods in 2013 were primarily due to the sale of Southern Trust Mortgage in the second quarter of 2014, which resulted in no revenue from the gain on sale of residential mortgage loans in the third and fourth quarters of 2014.

Middleburg Financial Corporation Declares Cash Dividend for the Period Ended September 30, 2014, Payable on November 28, 2014

On October 30, 2014, Middleburg Financial Corporation announced the declaration of a cash dividend of $0.10 per share for the period ended September 30, 2014 to shareholders of record on November 14, 2014, payable on November 28, 2014.

Middleburg Financial Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Middleburg Financial Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. Net income of $2.12 million or $0.30 per diluted share for the quarter ended September 30, 2014, an increase of 14.34% compared to net income of $1.86 million or $0.26 per diluted share for the previous quarter and an increase of 31.66% compared to net income of $1.61 million or $0.23 per diluted share for the third quarter of 2013. Net interest income was $9.55 million for the quarter ended September 30, 2014, an increase of 0.37% compared to the previous quarter and an increase of 2.41% compared to the quarter ended September 30, 2013. Total revenue, which is comprised of net interest income (before provision for loan losses) and non-interest income, was $11.83 million for the quarter ended September 30, 2014, representing a decrease of 14.21% compared to the previous quarter and a decrease of 23.45% compared to the quarter ended September 30, 2013. The company recorded net interest income of $9.55 million for the quarter ended September 30, 2014, representing an increase of 0.37% compared to the previous quarter and an increase of 2.41% compared to the quarter ended September 30, 2013. Income before income taxes was $2.884 million against $2.140 million a year ago. Return on average assets (ROA) was 0.69% against 0.52% a year ago. Return on average equity (ROE) was 7.00% against 5.71% a year ago. For the nine-month period, the company reported Net interest income was $28.767 million against $28.096 million a year ago. Income before income taxes was $8.035 million against $6.892 million a year ago. Net income attributable to Middleburg Financial Corporation was $5.954 million or $0.84 diluted per share against $5.031 million or $0.71 diluted per share a year ago. Tangible book value was $16.43 as at September 30, 2014 against $15.03 per share as on September 30, 2013. The book value of the company's common stock at September 30, 2014 was $16.97 per share versus $15.90 per share at December 31, 2013.

Middleburg Financial Corporation Announces Second Quarter 2014 Dividend, Payable on August 29, 2014

The board of directors of Middleburg Financial Corporation announced a $0.10 per common share cash dividend for shareholders of record as of August 15, 2014, and payable on August 29, 2014. This represents a dividend increase of $0.03 or 42% per share.

Middleburg Financial Corporation Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Middleburg Financial Corporation reported consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income of $1.86 million or $0.26 per diluted share, a decrease 6.17% compared to net income of $1.98 million or $0.28 per diluted share for the previous quarter and a decrease of 11.37% compared to net income of $2.09 million or $0.29 per diluted share for the second quarter of 2013. Net interest income was $9.51 million, a decrease of 2.07% compared to the previous quarter and an increase of 1.81% compared to the quarter ended June 30, 2013. Total interest and dividend income was $10,941,000 against $10,992,000 a year ago. Income before income taxes was $2,580,000 against $3,129,000 a year ago. Return on average assets was 0.61% against 0.69% a year ago. Return on average equity was 6.30% against 7.25% a year ago. Book value per share was $16.73 against $15.93 a year ago. Tangible book value per share against $16.19 against $15.09 a year ago. For the six months, the company reported net interest income of $19,222,000 against $18,776,000 a year ago. Total interest and dividend income was $22,048,000 against $22,204,000 a year ago. Income before income taxes was $5,150,000 against $4,752,000 a year ago. Net income attributable to the company was $3,833,000 or $0.54 per diluted share against $3,420,000 or $0.48 per diluted share a year ago.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MBRG:US $18.39 USD +0.09

MBRG Competitors

Market data is delayed at least 15 minutes.

Company Last Change
MVB Financial Corp $13.00 USD -0.35
Premier Financial Bancorp Inc $14.75 USD -0.06
Summit Financial Group Inc $12.24 USD +0.22
First Bancorp Inc/ME $16.93 USD +0.01
WashingtonFirst Bankshares Inc $16.40 USD 0.00
View Industry Companies
 

Industry Analysis

MBRG

Industry Average

Valuation MBRG Industry Range
Price/Earnings 17.2x
Price/Sales 2.6x
Price/Book 1.1x
Price/Cash Flow 17.2x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MIDDLEBURG FINANCIAL CORP, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.