MainStreet Bancshares Files 8-K on Q4 2023 Financial Results

Ticker: MNSBP · Form: 8-K · Filed: Jan 22, 2024 · CIK: 1693577

Complexity: simple

Sentiment: neutral

Topics: earnings, financial-condition, regulation-fd

TL;DR

**MNSB just dropped its Q4 2023 earnings, time to check the numbers!**

AI Summary

MainStreet Bancshares, Inc. filed an 8-K on January 22, 2024, to report its financial results and operations, specifically for the period ending December 31, 2023. This filing also includes a Regulation FD disclosure, meaning the company is making sure all investors receive the same information at the same time. This matters to investors because it provides the latest financial health update for MainStreet Bancshares, allowing them to assess the company's performance and make informed decisions about buying, holding, or selling MNSB stock.

Why It Matters

This filing provides investors with the most recent financial performance data for MainStreet Bancshares, crucial for evaluating the company's health and future prospects.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial results and does not indicate any immediate new risks, but rather provides data for risk assessment.

Analyst Insight

Investors should review the full financial statements and results of operations once they are released to understand MainStreet Bancshares' performance and outlook.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What is the primary purpose of this 8-K filing by MainStreet Bancshares, Inc.?

The primary purpose of this 8-K filing by MainStreet Bancshares, Inc. is to report 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure' for the period ending December 31, 2023, as indicated by the 'ITEM INFORMATION' section.

On what date was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 22, 2024, as stated under 'Date of Report (Date of earliest event reported): Date: January 22, 2024'.

What is the trading symbol for MainStreet Bancshares, Inc.'s Common Stock?

The trading symbol for MainStreet Bancshares, Inc.'s Common Stock is 'MNSB', as listed under 'Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Common Stock MNSB'.

Where are MainStreet Bancshares, Inc.'s principal executive offices located?

MainStreet Bancshares, Inc.'s principal executive offices are located at '10089 Fairfax Boulevard, Fairfax, VA 22030', according to the filing.

Which stock exchange lists MainStreet Bancshares, Inc.'s securities?

MainStreet Bancshares, Inc.'s securities, including Common Stock and Depositary Shares, are registered on 'The Nasdaq Stock Market LLC', as specified in the filing.

Filing Stats: 763 words · 3 min read · ~3 pages · Grade level 11 · Accepted 2024-01-22 08:00:12

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition.   On January 22, 2024, MainStreet Bancshares, Inc. (the "Company") issued a press release setting forth the Company's fourth quarter and year-to-date ended December 31, 2023, unaudited financial results. A copy of the Company's press release is attached hereto as Exhibit 99.1, is hereby incorporated by reference, and will be posted on the Company's website.  

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure   On January 22, 2024, the Company made available an investor presentation analyzing its fourth quarter and year-to-date ended December 31, 2023, unaudited financial results. A copy of the Company's investor presentation is attached hereto as Exhibit 99.2, is hereby incorporated by reference, and will be posted on the Company's website.   Due to a temporary illness, MainStreet Bancshares, Inc will not be conducting its previously announced virtual webcast and quarterly earnings conference call on Monday, January 22, 2024. Investors that are interested in discussing the Company's press release or investor presentation are encouraged to contact Tom Chmelik by email at tchmelik@mstreetbank.com to arrange a meeting.   The information furnished under Items 2.02, 7.01 and 9.01 of this Current Report on Form 8-K, including the exhibits, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, and it shall not be deemed incorporated by reference in any filing under the Exchange Act, or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing to this Form 8-K.  

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.   (d) Exhibits .   Exhibit Number   Description 99.1   Press Release, dated January 22, 2024, with respect to the Company's unaudited financial results for the fourth quarter and year-ended December 31, 2023. 99.2   Investor Presentation dated January 22, 2024. 104   Cover Page Interactive Data File (embedded within the Inline XBRL document).   1    

SIGNATURES

SIGNATURES   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.       MAINSTREET BANCSHARES, INC         Date: January 22, 2024   By: /s/ Thomas J. Chmelik       Name: Thomas J. Chmelik       Title: Chief Financial Officer   2

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