Marquette Natl - MNAT STOCK NEWS

Marquette National (OTCQX: MNAT) reported a net income of $14.2 million for the first nine months of 2024, up from $12.3 million in the same period of 2023. Earnings per share increased to $3.25 from $2.81. Total assets grew by 3% to $2.199 billion, while total loans decreased by $19 million to $1.391 billion. Deposits saw a 1% increase to $1.724 billion. The improved earnings were primarily driven by higher realized and unrealized gains in the company's equity portfolio, partially offset by decreased net interest income and increased provision for credit losses.

Marquette National (OTCQX: MNAT) has announced a cash dividend of $0.28 per share, payable on January 2, 2025 to shareholders of record on December 20, 2024. As of September 30, 2024, the company had 4,372,352 shares issued and outstanding.

Marquette National is a diversified bank holding company with total assets of approximately $2.20 billion. Its banking subsidiary, Marquette Bank, offers a wide range of financial solutions including retail banking, real estate lending, trust, insurance, investments, wealth management, and business banking services. The bank operates 20 branches across various locations in Chicagoland, Illinois.

Marquette National (OTCQX: MNAT) reported year-to-date net income of $13.2 million for the first six months of 2024, up from $12.0 million in the same period of 2023. Earnings per share increased to $3.02 from $2.76 year-over-year. As of June 30, 2024, total assets grew 3% to $2.196 billion, while total loans slightly decreased to $1.423 billion. Total deposits rose 2% to $1.749 billion.

The company attributed the improved earnings primarily to higher unrealized gains on its equity portfolio, partially offset by decreased net interest income and increased provision for credit losses. Marquette National operates as a diversified financial holding company, with its subsidiary Marquette Bank serving Chicagoland communities through multiple branches.

Marquette National (OTCQX: MNAT) has declared a cash dividend of $0.28 per share, payable on October 1, 2024, to shareholders of record on September 20, 2024. As of June 30, 2024, the company had 4,380,744 shares issued and outstanding.

Marquette National is a diversified bank holding company with total assets of approximately $2.20 billion. Its banking subsidiary, Marquette Bank, offers a wide range of financial solutions including retail banking, real estate lending, trust, insurance, investments, wealth management, and business banking services. The bank operates 20 branches across various locations in Chicagoland.

Marquette National reported strong financial results for the first quarter of 2024, with net income increasing to $8.5 million compared to $7.4 million in the same period last year. Earnings per share also saw a significant rise to $1.93 from $1.70. Total assets, loans, and deposits showed positive growth, reflecting a healthy financial position. The company attributed the earnings increase to higher unrealized gains on its equity portfolio, although offset by a decrease in net interest income.

Marquette National (MNAT) declares a dividend of $0.28 per share, payable to shareholders on July 1, 2024. With 4,381,112 shares outstanding and total assets of $2.16 billion, the diversified bank holding company continues to serve the financial needs of Chicagoland communities through its subsidiary, Marquette Bank.

Marquette National Corporation (MNAT) reported a significant turnaround in net income, shifting from a loss in 2022 to a profit of $16.12 million in 2023. Earnings per share also improved from a loss of $0.68 to $3.69. Total assets increased by 3% to $2.142 billion, with total deposits rising by 1% to $1.710 billion. However, total loans decreased slightly. The company attributes the earnings increase to higher unrealized gains on its equity portfolio.

Marquette National Corporation (MNAT) declared a cash dividend of $0.28 per share, payable on April 1, 2024, to shareholders of record on March 15, 2024. The Board also authorized the repurchase of up to $1,000,000 of its outstanding common stock through open market or negotiated transactions. The company has total assets of approximately $2.14 billion and operates 20 branches in Chicagoland, offering a wide range of financial solutions.

Marquette National Corporation reports year-to-date net income of $12.3 million, compared to a net loss of $6.8 million in the same period last year. Earnings per share for the first nine months of 2023 were $2.81, compared to a loss of $1.55 per share in 2022. Total assets increased by $38 million to $2.121 billion, total loans increased by $8 million to $1.420 billion, and total deposits increased by $27 million to $1.715 billion. The subsidiary bank's earnings were positive, but negatively impacted by a $1.1 million asset write-down upon the closure of a branch and pressure on net interest income due to increased interest rates.