Marquette National Corporation Increases Quarterly Dividend 10.7 Percent and Announces a Common Stock Repurchase Program
Marquette National (OTCQX: MNAT) has announced two significant shareholder-focused initiatives. The Board of Directors declared a cash dividend increase of 10.7% to $0.31 per share, payable on April 1, 2025, to shareholders of record on March 14, 2025. Additionally, the company authorized a stock repurchase program of up to $1,000,000 of its outstanding common stock, effective through December 31, 2025.
The company, with total assets of $2.2 billion, operates through its banking subsidiary Marquette Bank, serving Chicagoland communities with 20 branches. As of December 31, 2024, Marquette had 4,367,477 shares issued and outstanding. The bank provides comprehensive financial services including retail banking, real estate lending, trust, insurance, investments, wealth management, and business banking solutions.
Marquette National (OTCQX: MNAT) ha annunciato due significative iniziative focalizzate sugli azionisti. Il Consiglio di Amministrazione ha dichiarato un aumento del dividendo in contante del 10,7% portandolo a $0,31 per azione, pagabile il 1° aprile 2025, agli azionisti registrati il 14 marzo 2025. Inoltre, l'azienda ha autorizzato un programma di riacquisto di azioni fino a $1.000.000 delle sue azioni ordinarie in circolazione, valido fino al 31 dicembre 2025.
L'azienda, con attivi totali di $2,2 miliardi, opera attraverso la sua controllata bancaria Marquette Bank, servendo le comunità di Chicagoland con 20 filiali. Alla data del 31 dicembre 2024, Marquette aveva emesso 4.367.477 azioni. La banca offre servizi finanziari completi che includono banca al dettaglio, prestiti immobiliari, fiducia, assicurazione, investimenti, gestione patrimoniale e soluzioni di banking aziendale.
Marquette National (OTCQX: MNAT) ha anunciado dos iniciativas significativas centradas en los accionistas. La Junta Directiva declaró un aumento del dividendo en efectivo del 10,7% a $0,31 por acción, pagadero el 1 de abril de 2025, a los accionistas registrados el 14 de marzo de 2025. Además, la empresa autorizó un programa de recompra de acciones de hasta $1,000,000 de sus acciones ordinarias en circulación, efectivo hasta el 31 de diciembre de 2025.
La empresa, con activos totales de $2.2 mil millones, opera a través de su subsidiaria bancaria Marquette Bank, sirviendo a las comunidades de Chicagoland con 20 sucursales. Al 31 de diciembre de 2024, Marquette tenía 4,367,477 acciones emitidas y en circulación. El banco ofrece servicios financieros integrales que incluyen banca minorista, préstamos inmobiliarios, fideicomisos, seguros, inversiones, gestión de patrimonio y soluciones de banca empresarial.
Marquette National (OTCQX: MNAT)는 주주 중심의 두 가지 중요한 이니셔티브를 발표했습니다. 이사회는 현금 배당금을 10.7% 인상하여 주당 $0.31로 결정했고, 이는 2025년 4월 1일에 지급될 예정이며, 2025년 3월 14일 기준 주주들에게 지급됩니다. 또한, 회사는 최대 $1,000,000까지 주식 재매입 프로그램을 승인하였으며, 이는 2025년 12월 31일까지 유효합니다.
회사는 총 자산이 $22억으로, 20개의 지점을 통해 Chicagoland 지역 사회에 서비스하는 Marquette Bank이라는 은행 자회사를 운영하고 있습니다. 2024년 12월 31일 기준으로 Marquette는 4,367,477주가 발행되어 유통되고 있습니다. 은행은 소매 은행업, 부동산 대출, 신탁, 보험, 투자, 자산 관리 및 기업 은행 솔루션을 포함한 포괄적인 금융 서비스를 제공합니다.
Marquette National (OTCQX: MNAT) a annoncé deux initiatives importantes axées sur les actionnaires. Le Conseil d'Administration a déclaré une augmentation du dividende en espèces de 10,7% à 0,31 $ par action, payable le 1er avril 2025, aux actionnaires enregistrés le 14 mars 2025. De plus, l'entreprise a autorisé un programme de rachat d'actions d'un montant allant jusqu'à 1 000 000 $ de ses actions ordinaires en circulation, effectif jusqu'au 31 décembre 2025.
L'entreprise, avec des actifs totaux de 2,2 milliards $, opère par l'intermédiaire de sa filiale bancaire Marquette Bank, qui sert les communautés de Chicagoland avec 20 agences. Au 31 décembre 2024, Marquette comptait 4 367 477 actions émises et en circulation. La banque propose des services financiers complets, notamment des services bancaires de détail, des prêts immobiliers, des fiducies, des assurances, des investissements, de la gestion de patrimoine et des solutions de banque d'affaires.
Marquette National (OTCQX: MNAT) hat zwei bedeutende aktionärsorientierte Initiativen bekannt gegeben. Der Vorstand hat eine Erhöhung der Bardividende um 10,7% auf $0,31 pro Aktie erklärt, zahlbar am 1. April 2025 an die Aktionäre, die am 14. März 2025 im Aktienregister stehen. Darüber hinaus hat das Unternehmen ein Aktienrückkaufprogramm von bis zu $1.000.000 für seine ausstehenden Stammaktien genehmigt, das bis zum 31. Dezember 2025 gültig ist.
Das Unternehmen, mit einer Gesamtbilanz von $2,2 Milliarden, betreibt durch seine Banktochter Marquette Bank und bedient die Gemeinden im Chicagoland mit 20 Filialen. Zum 31. Dezember 2024 hatte Marquette 4.367.477 ausgegebene und ausstehende Aktien. Die Bank bietet umfassende Finanzdienstleistungen an, darunter Einzelhandelsbanking, Immobilienfinanzierung, Treuhand, Versicherungen, Investitionen, Vermögensverwaltung und Lösungen für das Unternehmensbanking.
- 10.7% increase in quarterly dividend to $0.31 per share
- Authorization of $1 million stock repurchase program
- Strong asset base of $2.2 billion
- Extensive network of 20 branches across Chicagoland
- None.
CHICAGO, Jan. 24, 2025 (GLOBE NEWSWIRE) -- Marquette National Corporation (OTCQX: MNAT) today announced that its Board of Directors declared a cash dividend of
The Company also announced that its Board of Directors authorized the repurchase of up to
Marquette National Corporation is a diversified bank holding company with total assets of
Special Note Concerning Forward-Looking Statements
This document contains, and future oral and written statements of the Company and its management may contain, forward-looking statements with respect to the financial condition, results of operations, plans, objectives, future performance and business of the Company. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of the Company’s management and on information currently available to management, are generally identifiable by the use of words such as “believe,” “expect,” “anticipate,” “plan,” “intend,” “estimate,” “may,” “will,” “would,” “could,” “should” or other similar expressions. A number of factors, many of which are beyond the ability of the Company to control or predict, could cause actual results to differ materially from those in its forward-looking statements. These factors include, among others, the following: (i) the strength of the local, state, national and international economies (including the effects of inflationary pressures and supply chain constraints); (ii) the economic impact of any future terrorist threats and attacks, widespread disease or pandemics, acts of war or other threats thereof (including the ongoing Israeli-Palestinian conflict and the Russian invasion of Ukraine), or other adverse external events that could cause economic deterioration or instability in credit markets, and the response of the local, state and national governments to any such adverse external events; (iii) changes in accounting policies and practices, as may be adopted by state and federal regulatory agencies, the Financial Accounting Standards Board or the Public Company Accounting Oversight Board; (iv) changes in local, state and federal laws, regulations and governmental policies concerning the Company’s general business as a result of the upcoming 2024 presidential election or any changes in response to failures of other banks; (v) changes in interest rates and prepayment rates of the Company’s assets (including the impact of the significant rate increases by the Federal Reserve since 2022); (vi) increased competition in the financial services sector (including from non-bank competitors such as credit unions and “fintech” companies) and the inability to attract new customers; (vii) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (viii) the loss of key executives or employees; (ix) changes in consumer spending; (x) unexpected outcomes of existing or new litigation involving the Company; (xi) the economic impact of exceptional weather occurrences such as tornadoes, floods and blizzards; (xii) fluctuations in the value of securities held in our securities portfolio; (xiii) concentrations within our loan portfolio, large loans to certain borrowers, and large deposits from certain clients; (xiv) the concentration of large deposits from certain clients who have balances above current Federal Deposit Insurance Corporation insurance limits and may withdraw deposits to diversity their exposure; (xv) the level of non-performing assets on our balance sheets; (xvi) interruptions involving our information technology and communications systems or third-party servicers; (xvii) breaches or failures of our information security controls or cybersecurity-related incidents, and (xviii) the ability of the Company to manage the risks associated with the foregoing as well as anticipated.. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Additionally, all statements in this document, including forward-looking statements, speak only as of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events.
| For more information: Patrick Hunt EVP & CFO 708-364-9019 phunt@emarquettebank.com |
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