Manhattan Bridge Capital, Inc - LOAN STOCK NEWS

Manhattan Bridge Capital (NASDAQ: LOAN) reported Q3 2024 financial results with net income of $1,399,000 ($0.12 per share), down 3.3% from $1,446,000 ($0.13 per share) in Q3 2023. Total revenues decreased 5% to $2,313,000, primarily due to reduced loans receivable and slower loan originations, partially offset by higher interest rates. For the nine months ended September 30, 2024, net income increased 3.8% to $4,285,000 ($0.37 per share), with total revenues up 1.4% to $7,330,000. The company noted that a recent 0.5% interest rate reduction has renewed optimism among real estate investors after a slowdown in Q3.

Manhattan Bridge Capital (NASDAQ: LOAN) has announced the payment of its quarterly cash dividend. The company will distribute $0.115 per share to shareholders of record as of October 8, 2024. The dividend payment is scheduled for October 15, 2024. This dividend distribution aligns with the board's decision made on July 29, 2024, demonstrating the company's commitment to providing regular returns to its shareholders.

Manhattan Bridge Capital (NASDAQ: LOAN) has declared a quarterly dividend of $0.115 per share. This dividend will be paid on October 15, 2024, to shareholders of record as of October 8, 2024. The announcement, made on July 29, 2024, demonstrates the company's commitment to providing regular returns to its shareholders. Manhattan Bridge Capital, a real estate finance company, continues its tradition of quarterly dividend payments, which may be seen as a positive sign of financial stability and shareholder value creation.

Manhattan Bridge Capital (Nasdaq: LOAN) reported its Q2 2024 results, showing a 1.8% increase in total revenues to $2,443,000 compared to Q2 2023. The company's net income slightly decreased by 0.9% to $1,409,000, or $0.12 per share. For the first half of 2024, total revenues rose by 4.6% to $5,016,000, with net income increasing by 7.6% to $2,885,000, or $0.25 per share. The revenue growth was primarily due to higher interest rates on commercial loans, partially offset by reduced loan receivables and slower new loan originations. As of June 30, 2024, total stockholders' equity stood at approximately $43,184,000. The company's CEO, Assaf Ran, noted that while real estate markets in their operational areas remain slow due to high interest rates, property prices are holding steady or increasing due to inventory and inflation impacts.

Manhattan Bridge Capital has announced its quarterly dividend payment of $0.115 per share, in line with the board's declaration on March 12, 2024. Shareholders of record by July 10, 2024, will receive the dividend on July 15, 2024. This reflects the company's ongoing commitment to providing returns to its investors and maintaining a consistent dividend payout policy.

Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) reported a net income of approximately $1,476,000 for the first quarter of 2024, a 17.1% increase from the same period in 2023. Total revenues were approximately $2,573,000, up by 7.3% driven by higher interest rates on commercial loans. The company's revenue primarily comes from interest income on secured commercial loans offered to real estate investors. Total shareholders' equity as of March 31, 2024, stood at approximately $43,087,000.

Manhattan Bridge Capital, Inc. (LOAN) declares a cash dividend of $0.115 per share to be paid to shareholders of record on April 10, 2024.

Manhattan Bridge Capital, Inc. (LOAN) declares a quarterly dividend of $0.115 per share, to be paid on July 15, 2024, to shareholders of record on July 10, 2024.

Manhattan Bridge Capital, Inc. (LOAN) reports a 5.1% increase in net income for 2023, reaching $5,476,000. Total revenue rose by 14.3% to $9,796,000, driven by higher interest rates on commercial loans. Operating costs and expenses increased by 28.9% primarily due to higher interest expenses and bonuses. Shareholders' equity slightly increased to $42,933,000. A share buyback program was initiated, repurchasing 54,294 common shares by December 31, 2023.