Overview

• U.S. community bank's Q2 net income rose 14% from prior quarter, EPS at $0.58

• Net interest margin expanded to 3.53% in Q2

• Company repurchased 207,000 shares, increasing tangible book value

Outlook

• Company did not provide specific guidance for the current qtr or full yr

Result Drivers

• NET INTEREST MARGIN - Co said net interest margin expanded to 3.53% in Q2

• LOAN AND DEPOSIT GROWTH - Co said lenders booked $78 mln in new loans and business bankers kept pace with deposit growth, resulting in a 100% loan-to-deposit ratio, per President Abdul Hersiburane

• SHARE REPURCHASES - Co said repurchase of 207,000 shares during the quarter was accretive to tangible book value

Company press release: ID:nGNX3ryD96

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 EPS		$0.58
Q2 Net Income		$4.67 mln
Q2 Net Interest Income		$18.23 mln
Q2 Provision for Credit Losses		$585,000

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for MainStreet Bancshares Inc is $27.50, about 14.1% above its July 17 closing price of $24.10

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.