MainStreet Bancshares, Inc. (MNSB) Tops Q2 EPS by 8c
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MainStreet Bancshares, Inc. Reports Strong Net Income as Interest Rates Rise
July 25, 2022 8:00 AM EDTFAIRFAX, Va., July 25, 2022 /PRNewswire/ -- MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), the holding company for MainStreet Bank, said its net interest margin widened as rates climbed in recent months, driving strong net income for the second quarter and six months ended June 30, 2022.The Bank's loan portfolio is well positioned for increasing interest rates. "The FOMC's next announcement is due to be released on July 27 and based upon Street consensus we anticipate continued net interest margin expansion," said Jeff W. Dick, Chairman & CEO of... More
