Investing.com - Middlefield Banc (NASDAQ:MBCN) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Middlefield Banc announced earnings per share of $0.73 on revenue of $15.11. Analysts polled by Investing.com anticipated EPS of $0.67 on revenue of $13.8M.
Middlefield Banc shares are down 16.18% from the beginning of the year, still down 4.80% from its 52 week high of $30.62 set on April 20.
Middlefield Banc follows other major Financial sector earnings this month
Middlefield Banc's report follows an earnings beat by JPMorgan on October 14, who reported EPS of $3.12 on revenue of $32.7B, compared to forecasts EPS of $2.92 on revenue of $32.13B.
Bank of America had beat expectations on Monday with third quarter EPS of $0.81 on revenue of $24.5B, compared to forecast for EPS of $0.78 on revenue of $23.56B.
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