Marquette Natl - MNAT STOCK NEWS

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.

Marquette National Corporation declares a cash dividend of $0.28 per share

On April 20, 2023, Marquette National Corporation (OTCQX: MNAT) declared a cash dividend of $0.28 per share, payable on July 3, 2023 to shareholders of record by June 16, 2023. As of March 31, 2023, the company had 4,367,506 shares outstanding and total assets amounting to approximately $2.119 billion. Marquette National Corporation operates as a diversified bank holding company through its subsidiary, Marquette Bank, which offers various financial services across 21 branches in the Chicagoland area, including retail banking, real estate lending, and wealth management.

Marquette National Corporation (OTCQX: MNAT) reported a net loss of $2.96 million for the year ending December 31, 2022, a significant drop from a net income of $14.20 million in 2021. Earnings per share fell from $3.23 to a loss of $0.68. Total assets decreased by $11 million to $2.083 billion, while total loans increased by $149 million, up 12% to $1.427 billion. Deposits, however, declined by $50 million to $1.689 billion. The decline in parent company equity portfolio value was cited for the earnings drop.

Marquette National Corporation (OTCQX: MNAT) announced a cash dividend of $0.28 per share, payable on April 3, 2023, to shareholders of record on March 17, 2023. The company reported 4,355,375 shares outstanding as of December 31, 2022. Additionally, the Board authorized a stock repurchase program of up to $1,000,000 at market prices, effective through December 31, 2023. Marquette National Corporation has total assets of approximately $2.083 billion, providing banking services to the Chicagoland area.