Middlefield Banc (MBCN)
Market Price (12/29/2025): $34.86 | Market Cap: $281.8 MilSector: Financials | Industry: Regional Banks
Middlefield Banc (MBCN)
Market Price (12/29/2025): $34.86Market Cap: $281.8 MilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.8%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.6%, FCF Yield is 6.2% | Weak multi-year price returns2Y Excs Rtn is -37%, 3Y Excs Rtn is -44% | Key risksMBCN key risks include [1] a reduction in net interest margin and net-interest income driven by higher funding costs and intensified deposit competition. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23% | ||
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Digital Payments, and Online Banking & Lending. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.8%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.6%, FCF Yield is 6.2% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Digital Payments, and Online Banking & Lending. |
| Weak multi-year price returns2Y Excs Rtn is -37%, 3Y Excs Rtn is -44% |
| Key risksMBCN key risks include [1] a reduction in net interest margin and net-interest income driven by higher funding costs and intensified deposit competition. |
Why The Stock Moved
Qualitative Assessment
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1. Strong Third-Quarter 2025 Financial Performance. Middlefield Banc Corp. reported robust financial results for the nine months ended September 30, 2025, with diluted earnings per share (EPS) reaching $0.65 for the third quarter. Pre-tax, pre-provision earnings increased by 37.3% to $6.8 million, and year-to-date diluted EPS stood at $2.01.
2. Significant Second-Quarter 2025 Earnings Growth. The company reported a 46.2% increase in diluted earnings per share to $0.76 for the second quarter of 2025. This was accompanied by a 37 basis point expansion in its net interest margin, reaching 3.88%.
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Stock Movement Drivers
Fundamental Drivers
The 14.1% change in MBCN stock from 9/28/2025 to 12/28/2025 was primarily driven by a 11.7% change in the company's Net Income Margin (%).| 9282025 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 30.84 | 35.18 | 14.06% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 72.84 | 75.92 | 4.22% |
| Net Income Margin (%) | 24.95% | 27.87% | 11.68% |
| P/E Multiple | 13.71 | 13.44 | -1.96% |
| Shares Outstanding (Mil) | 8.08 | 8.08 | -0.04% |
| Cumulative Contribution | 14.06% |
Market Drivers
9/28/2025 to 12/28/2025| Return | Correlation | |
|---|---|---|
| MBCN | 14.1% | |
| Market (SPY) | 4.3% | 14.3% |
| Sector (XLF) | 3.3% | 35.0% |
Fundamental Drivers
The 17.7% change in MBCN stock from 6/29/2025 to 12/28/2025 was primarily driven by a 19.1% change in the company's Net Income Margin (%).| 6292025 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 29.89 | 35.18 | 17.68% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 69.17 | 75.92 | 9.75% |
| Net Income Margin (%) | 23.39% | 27.87% | 19.12% |
| P/E Multiple | 14.92 | 13.44 | -9.92% |
| Shares Outstanding (Mil) | 8.08 | 8.08 | -0.07% |
| Cumulative Contribution | 17.68% |
Market Drivers
6/29/2025 to 12/28/2025| Return | Correlation | |
|---|---|---|
| MBCN | 17.7% | |
| Market (SPY) | 12.6% | 32.4% |
| Sector (XLF) | 7.4% | 44.7% |
Fundamental Drivers
The 28.5% change in MBCN stock from 12/28/2024 to 12/28/2025 was primarily driven by a 32.1% change in the company's Net Income Margin (%).| 12282024 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 27.37 | 35.18 | 28.54% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 67.40 | 75.92 | 12.63% |
| Net Income Margin (%) | 21.09% | 27.87% | 32.14% |
| P/E Multiple | 15.54 | 13.44 | -13.49% |
| Shares Outstanding (Mil) | 8.07 | 8.08 | -0.17% |
| Cumulative Contribution | 28.54% |
Market Drivers
12/28/2024 to 12/28/2025| Return | Correlation | |
|---|---|---|
| MBCN | 28.5% | |
| Market (SPY) | 17.0% | 41.7% |
| Sector (XLF) | 15.3% | 43.5% |
Fundamental Drivers
The 39.2% change in MBCN stock from 12/29/2022 to 12/28/2025 was primarily driven by a 56.1% change in the company's P/E Multiple.| 12292022 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 25.28 | 35.18 | 39.15% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 53.96 | 75.92 | 40.68% |
| Net Income Margin (%) | 31.52% | 27.87% | -11.58% |
| P/E Multiple | 8.61 | 13.44 | 56.13% |
| Shares Outstanding (Mil) | 5.79 | 8.08 | -39.56% |
| Cumulative Contribution | 17.37% |
Market Drivers
12/29/2023 to 12/28/2025| Return | Correlation | |
|---|---|---|
| MBCN | 15.3% | |
| Market (SPY) | 48.4% | 41.3% |
| Sector (XLF) | 51.8% | 45.7% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MBCN Return | -11% | 13% | 14% | 22% | -11% | 30% | 63% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| MBCN Win Rate | 58% | 58% | 58% | 50% | 42% | 67% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| MBCN Max Drawdown | -50% | -16% | -2% | -18% | -35% | -16% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See MBCN Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | MBCN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -24.1% | -25.4% |
| % Gain to Breakeven | 31.8% | 34.1% |
| Time to Breakeven | 74 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -51.1% | -33.9% |
| % Gain to Breakeven | 104.4% | 51.3% |
| Time to Breakeven | 599 days | 148 days |
| 2018 Correction | ||
| % Loss | -27.9% | -19.8% |
| % Gain to Breakeven | 38.6% | 24.7% |
| Time to Breakeven | 212 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -63.9% | -56.8% |
| % Gain to Breakeven | 177.0% | 131.3% |
| Time to Breakeven | 2,717 days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
Middlefield Banc's stock fell -24.1% during the 2022 Inflation Shock from a high on 2/13/2023. A -24.1% loss requires a 31.8% gain to breakeven.
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AI Analysis | Feedback
1. A community-focused KeyCorp for Northeast and Central Ohio.
2. Like a local version of U.S. Bancorp, specializing in traditional banking for Ohio communities.
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- Deposit Accounts: Provides various deposit products like checking, savings, money market, and certificates of deposit for individuals and businesses.
- Lending Services: Offers a range of loan products including commercial, real estate, and consumer loans to individuals and businesses.
- Wealth Management and Trust Services: Delivers financial planning, investment management, and trust administration services.
- Treasury Management Services: Provides cash management, fraud protection, and electronic payment solutions primarily for business clients.
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Middlefield Banc (symbol: MBCN) is a community bank that primarily sells its financial services to individuals and businesses within its operational footprint. As a financial institution, it does not have a few specific "major customers" in the way a B2B supplier would, but rather serves a broad base across several categories of clients.
The company primarily sells to individuals and businesses, and its customers can be described in the following categories:
- Individuals and Households: This category includes consumers seeking personal banking services such as checking accounts, savings accounts, certificates of deposit (CDs), mortgages, home equity loans, auto loans, and other personal lending products.
- Small to Medium-sized Businesses: Middlefield Banc serves local and regional businesses by offering commercial checking and savings accounts, commercial real estate loans, business lines of credit, equipment loans, treasury management services, and other business banking solutions.
- Commercial Real Estate Investors and Developers: A significant portion of the bank's lending activities is directed towards financing commercial real estate projects, including properties for retail, office, industrial, and multi-family use, catering to investors and developers in its market area.
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Fiserv, Inc. (FI)
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Here is the management team for Middlefield Banc (symbol: MBCN):Ronald L. Zimmerly, Jr. Chief Executive Officer and President
Mr. Zimmerly was appointed Chief Executive Officer of Middlefield Banc Corp. and The Middlefield Banking Company on January 1, 2024. He joined Middlefield as President following the acquisition of Liberty Bancshares, Inc. on December 1, 2022. Prior to joining Middlefield, he served as the President and Chief Executive Officer of Liberty Bancshares, Inc. from 2010 to 2022. Liberty Bancshares, Inc. was acquired by Middlefield in a $64.4 million deal in 2022. Mr. Zimmerly brings over 35 years of experience in the Ohio community banking industry.
Michael C. Ranttila Chief Financial Officer
Mr. Ranttila was named Chief Financial Officer, succeeding Donald L. Stacy, effective April 30, 2023. He possesses more than 15 years of financial management experience across multiple business functions. Mr. Ranttila holds a Bachelor's degree in Accounting from Youngstown State University (Summa Cum Laude) and an MBA from The Ohio State University.
Michael Cheravitch Chief Banking Officer
Mr. Cheravitch joined Middlefield as Chief Banking Officer, a new position for the company, on January 4, 2024. In this role, he oversees all Commercial, Business, and Consumer banking channels, including digital banking, the retail branch network and call center, along with consumer lending and residential mortgage. He previously served as SVP Regional Banking Executive at F.N.B. Corporation for four years. Mr. Cheravitch's career spans over 35 years of banking experience, including leadership roles at F.N.B. Corporation, The Cornerstone Fund, Huntington National Bank, FirstMerit Bank, Citizens Financial Group, Charter One Bank, Bank One, and KeyBank.
Rebecca Noblit Chief Credit Officer
Ms. Noblit was promoted to Chief Credit Officer, effective February 1, 2024. She joined Middlefield in December 2022 as Senior Vice President of Credit Administration, following the acquisition of Liberty National Bank. Prior to joining Middlefield, she served as Chief Credit Officer, Senior Vice President at Liberty National Bank from September 2017 to November 2022. Her previous experience includes roles at Delaware County Bank, Huntington National Bank, and Fifth Third Bank.
Julie E. Shaw Secretary
Ms. Shaw serves as the Corporate Secretary for Middlefield Banc Corp. She is responsible for handling shareholder communications regarding financial statements, accounting practices, internal controls, governance practices, business ethics, and corporate conduct.
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The key risks to Middlefield Banc's business include interest rate fluctuations and intense competition for deposits, credit risk and potential loan losses, and regulatory and compliance risks.
- Interest Rate Risk and Competition for Deposits: Middlefield Banc has experienced a reduction in net interest margin and net-interest income due to higher funding costs, which resulted from increased interest rates and intensified competition for deposits. For example, the company reported that its cost of funds increased to 2.51% in 2024 from 1.62% in the prior year, leading to a 45-basis point year-over-year reduction in its net interest margin.
- Credit Risk and Loan Losses: As a financial institution, Middlefield Banc is inherently exposed to the risk of loan defaults and potential credit losses. While the company has reported stable asset quality and historically low levels of nonperforming assets, with an allowance for credit losses to total loans of 1.46% at June 30, 2024, and 1.48% at December 31, 2024, the potential for an increase in nonperforming loans or inadequate reserves remains a significant risk for any banking operation.
- Regulatory and Compliance Risk: Middlefield Banc, like all financial institutions, operates in a highly regulated environment. Changes in banking laws, regulations, or accounting standards, or the failure to comply with existing ones, could adversely affect the company's business, financial condition, or results of operations. The company's board committees are structured to oversee various risks, including financial reporting and legal and compliance risks.
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The clear emerging threat for Middlefield Banc (MBCN) is the accelerating disruption from fintech companies and neobanks. These digital-first financial service providers are leveraging technology to offer more convenient, often lower-cost, and user-friendly alternatives to traditional banking products and services. Neobanks, for example, attract customers through superior mobile experiences, low or no fees, and quick account setup, potentially siphoning away deposits and basic transactional banking relationships from traditional community banks like MBCN. Similarly, alternative lending platforms and embedded finance solutions from non-bank entities are challenging traditional loan origination. This trend mirrors historical disruptions where digital-native companies displaced incumbents that relied on older business models and physical infrastructure.
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Middlefield Banc (MBCN) operates as a community bank primarily serving Northeast, Central, and Western Ohio. Its main products and services encompass deposit accounts, various loan products, and other financial services.
The addressable markets for Middlefield Banc's main products and services in Ohio are:
- Mortgage Market (Ohio): In 2024, the Ohio mortgage market saw over 158,000 loans originated, totaling $38.9 billion.
- Commercial Banking Market (Ohio): The commercial banking industry in Ohio has a market size of $63.8 billion in 2025.
- Deposit Market (Ohio): The cumulative deposits across Ohio totaled approximately $537.36 billion in 2024.
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Here are the expected drivers of future revenue growth for Middlefield Banc (MBCN) over the next 2-3 years:Drivers of Future Revenue Growth for Middlefield Banc (MBCN)
- Strategic Expansion in Central Ohio: Middlefield Banc is actively pursuing a multi-year strategy to expand its presence in the Central Ohio region, evidenced by the planned relocation and opening of its Westerville office in the fourth quarter of 2025. This expansion aims to capitalize on regional growth opportunities and enhance its competitive advantage.
- Growth in Commercial and Industrial Loans: The company has a strategic focus on increasing its commercial and industrial loan portfolio, which contributed to a 6.8% rise in total loans, reaching a record $1.61 billion in the first nine months of 2025. This area is expected to be a key driver for continued profitable growth.
- Capitalizing on Ohio's Economic Development: Middlefield Banc is well-positioned to benefit from significant economic development in Ohio, particularly in the Columbus region, driven by major investments from companies such as Intel and Amazon. This regional growth is expected to create substantial opportunities for the bank.
- Net Interest Margin Expansion: The company has demonstrated an ability to expand its net interest margin, which increased by 33 basis points to 3.79% in the third quarter of 2025. This expansion reflects improved profitability and efficient management of interest-earning assets and interest-bearing liabilities.
- Investments in Operations and Talent: Ongoing investments in operations and talent are strengthening Middlefield Banc's foundation, positioning it for sustained performance and shareholder value creation. This commitment to internal improvements supports long-term growth and efficiency.
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Share Repurchases
- By October 2025, Middlefield Banc Corp. completed the repurchase of 1,106,980 shares for $29.04 million under a program announced in April 2019.
- For the twelve months ended December 31, 2024, the company repurchased 43,858 shares of its common stock at an average price of $24.00 per share.
- During the first quarter of 2023, Middlefield repurchased 164,221 shares at an average price of $27.44 per share, with 293,910 shares remaining under the February 2023 repurchase program.
Share Issuance
- In December 2022, Middlefield Banc Corp. issued 2.6 million shares of its common stock as consideration for the acquisition of Liberty Bancshares, Inc.
- The number of shares outstanding increased from 6.59 million in 2022 to 8.09 million in 2023, reflecting a significant issuance primarily attributed to the Liberty Bancshares acquisition.
Outbound Investments
- Middlefield Banc Corp. completed the acquisition of Liberty Bancshares, Inc. in December 2022, which added approximately $437 million of assets and expanded the company's branch network.
- In October 2025, Middlefield Banc Corp. announced a definitive merger agreement with Farmers National Banc Corp., valued at approximately $299 million, in an all-stock transaction.
Capital Expenditures
- Capital expenditures were approximately -$1.05 million in 2024, -$719 thousand in 2023, and -$605 thousand in 2022.
- Middlefield has invested in creating an infrastructure designed to support a bank in excess of $2 billion in assets.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to MBCN. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | WU | Western Union | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 14.5% | 14.5% | -0.4% |
| 11212025 | COIN | Coinbase Global | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -1.5% | -1.5% | -1.5% |
| 11142025 | PYPL | PayPal | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -4.5% | -4.5% | -7.5% |
| 11142025 | V | Visa | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 7.6% | 7.6% | -2.7% |
| 11072025 | WD | Walker & Dunlop | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -11.1% | -11.1% | -12.1% |
Research & Analysis
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Peer Comparisons for Middlefield Banc
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 56.67 |
| Mkt Cap | 158.8 |
| Rev LTM | 56,496 |
| Op Inc LTM | 11,544 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.4% |
| Rev Chg 3Y Avg | 3.2% |
| Rev Chg Q | 9.4% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Mgn LTM | 17.7% |
| Op Mgn 3Y Avg | 16.4% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 22.2% |
| CFO/Rev 3Y Avg | 23.8% |
| FCF/Rev LTM | 20.1% |
| FCF/Rev 3Y Avg | 21.6% |
Price Behavior
| Market Price | $35.18 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 02/27/2003 | |
| Distance from 52W High | -6.3% | |
| 50 Days | 200 Days | |
| DMA Price | $33.97 | $29.80 |
| DMA Trend | up | up |
| Distance from DMA | 3.6% | 18.1% |
| 3M | 1YR | |
| Volatility | 46.9% | 50.6% |
| Downside Capture | -28.07 | 79.68 |
| Upside Capture | 40.93 | 92.04 |
| Correlation (SPY) | 14.0% | 41.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.60 | 0.55 | 0.70 | 1.53 | 1.09 | 1.05 |
| Up Beta | -0.13 | 1.28 | 1.96 | 3.67 | 1.32 | 1.43 |
| Down Beta | -0.55 | 1.58 | 1.20 | 1.29 | 1.10 | 0.98 |
| Up Capture | 144% | 59% | 49% | 100% | 82% | 57% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 12 | 23 | 33 | 63 | 124 | 375 |
| Down Capture | 68% | -50% | -14% | 89% | 90% | 96% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 8 | 19 | 30 | 62 | 123 | 369 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of MBCN With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| MBCN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 25.9% | 16.3% | 17.8% | 72.1% | 8.6% | 4.4% | -8.2% |
| Annualized Volatility | 50.2% | 19.0% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | 0.62 | 0.67 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 43.6% | 41.9% | -3.3% | 17.4% | 37.8% | 21.1% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of MBCN With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| MBCN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 14.4% | 16.1% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 39.3% | 18.9% | 17.1% | 15.5% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | 0.45 | 0.71 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 31.4% | 25.6% | 3.1% | 11.6% | 24.5% | 15.1% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of MBCN With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| MBCN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 10.7% | 13.2% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 37.1% | 22.3% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.39 | 0.55 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 35.4% | 31.3% | 2.6% | 16.4% | 31.0% | 10.8% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/22/2025 | 17.1% | 18.9% | 14.0% |
| 7/22/2025 | 4.0% | -2.9% | -5.1% |
| 4/24/2025 | 0.9% | 5.3% | 14.1% |
| 7/18/2024 | 1.6% | 14.8% | -2.8% |
| 4/30/2024 | -2.2% | 11.1% | -2.7% |
| 1/26/2024 | -1.9% | -10.4% | -21.4% |
| 10/23/2023 | -4.8% | -4.4% | 8.5% |
| 7/24/2023 | -4.3% | -0.8% | -6.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 12 | 12 |
| # Negative | 10 | 10 | 10 |
| Median Positive | 1.3% | 4.3% | 10.2% |
| Median Negative | -2.1% | -2.0% | -5.8% |
| Max Positive | 17.1% | 18.9% | 22.5% |
| Max Negative | -4.8% | -10.4% | -21.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11132025 | 10-Q 9/30/2025 |
| 6302025 | 8122025 | 10-Q 6/30/2025 |
| 3312025 | 5132025 | 10-Q 3/31/2025 |
| 12312024 | 3132025 | 10-K 12/31/2024 |
| 9302024 | 11132024 | 10-Q 9/30/2024 |
| 6302024 | 8132024 | 10-Q 6/30/2024 |
| 3312024 | 5142024 | 10-Q 3/31/2024 |
| 12312023 | 3282024 | 10-K 12/31/2023 |
| 9302023 | 11132023 | 10-Q 9/30/2023 |
| 6302023 | 8142023 | 10-Q 6/30/2023 |
| 3312023 | 5152023 | 10-Q 3/31/2023 |
| 12312022 | 3152023 | 10-K 12/31/2022 |
| 9302022 | 11142022 | 10-Q 9/30/2022 |
| 6302022 | 8082022 | 10-Q 6/30/2022 |
| 3312022 | 5102022 | 10-Q 3/31/2022 |
| 12312021 | 3152022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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