Welcome to our dedicated page for Marquette Natl news (Ticker: MNAT), a resource for investors and traders seeking the latest updates and insights on Marquette Natl stock.
Marquette Natl (MNAT) maintains its position as a cornerstone of Chicagoland's financial landscape through its community-focused banking operations. This news hub provides investors and stakeholders with verified updates about the company’s financial performance, strategic initiatives, and community partnerships.
Access timely information on quarterly earnings disclosures, regulatory developments, and leadership updates alongside analysis of MNAT’s evolving role in regional banking. Our curated collection features press releases detailing new branch openings, loan program expansions, and financial results that demonstrate the company’s commitment to stable growth.
Key updates include annual report publications, FDIC compliance milestones, and initiatives supporting local economic development. Users can track MNAT’s asset management strategies and deposit service innovations through chronologically organized filings and announcements.
Bookmark this page for streamlined access to Marquette Natl’s official communications, enabling informed analysis of its market position within the competitive Midwest banking sector. Check regularly for updates reflecting the company’s ongoing operations and community engagement efforts.
Marquette National Corporation (OTCQX: MNAT) has declared a cash dividend of $0.27 per share, payable on January 3, 2022, to shareholders of record by December 17, 2021. This dividend decision reflects the company's financial stability, with total assets approximating $2.053 billion as of September 30, 2021. Additionally, the Board authorized a stock repurchase program of up to $1.5 million to be executed through December 31, 2022.
Marquette National Corporation (OTCQX: MNAT) reported a year-to-date net income of $9.9 million for the first half of 2021, up from $6.6 million in 2020. Earnings per share rose to $2.24 from $1.51. Total assets increased to $2.023 billion, a 5% rise, while total loans grew by 3% to $1.257 billion. Total deposits also saw a 6% increase, reaching $1.664 billion. The growth is attributed to a lower provision for loan losses and higher equity portfolio appreciation.
Marquette National Corporation (OTCQX: MNAT) has announced a cash dividend of $0.27 per share, payable on October 1, 2021, to shareholders of record as of September 17, 2021. As of June 30, 2021, the company had 4,402,896 shares outstanding and total assets of approximately $2.024 billion. Marquette operates as a diversified bank holding company providing a wide range of financial services through its banking subsidiary, Marquette Bank, which has 20 branches throughout the Chicagoland area.
Marquette Bank awarded $2,500 scholarships to 61 graduating seniors from Chicagoland schools, totaling $152,500 in 2021. The scholarships are part of the Marquette Bank Education Foundation, which has given over $3.7 million to more than 1,850 students since 1968. Scholarships are based on financial need, academic achievement, and community service. Marquette Bank emphasizes its commitment to supporting education and community development as part of its Neighborhood Commitment initiative.
Marquette National Corporation (OTCQX: MNAT) will hold its annual stockholders meeting on May 13, 2021, at the Community Room of Marquette Bank's Oak Forest location. The meeting will commence at 2:00 p.m. Four Class III directors will be elected for three-year terms. Following the resignation of Michael D. Devlin on April 21, 2021, the board will have a total of 11 directors. To ensure safety amid the COVID-19 pandemic, stockholders are encouraged to vote by proxy rather than attending in person.
Marquette National Corporation (OTCQX: MNAT) reported a net income of $2.4 million for Q1 2021, recovering from a $3.9 million loss in Q1 2020. Earnings per share improved to $0.54 from a loss of $0.89 per share.
Total assets rose by 3% to $1.982 billion, with total loans up 3% to $1.264 billion and total deposits increasing 4% to $1.640 billion.
CEO Paul M. McCarthy attributes the earnings increase to lower provisions for loan losses and stronger equity portfolio performance.
Marquette National Corporation (OTCQX: MNAT) declared a cash dividend of $0.27 per share, payable on July 1, 2021, to shareholders of record as of June 18, 2021. As of March 31, 2021, the company had 4,404,584 shares outstanding and total assets of approximately $1.982 billion.
Marquette Bank, its banking subsidiary, offers a variety of financial services across 20 branches in the Chicagoland area, focusing on community banking.
Marquette Bank has expanded its Education Foundation Scholarship Program to support 61 high schools in Chicagoland, awarding $2,500 scholarships to deserving students. The program, established in 1968, aims to assist students with community service records and financial need who maintain a 'B' average. Over its history, it has disbursed approximately $3.5 million to nearly 1,800 seniors. The scholarships can be used for various higher education paths, including colleges and vocational schools.
Marquette National Corporation (MNAT) reported a net income of $23.8 million for 2020, marking a 51% increase from $15.7 million in 2019. Earnings per share rose to $5.41, a 52% increase year-over-year. The company also achieved a 17.5% return on average tangible equity, up from 13.0% in 2019. Total assets grew 15% to $1.921 billion, while total loans and deposits increased by 2% and 15%, respectively, reflecting solid performance driven by higher equity portfolio appreciation and increased mortgage banking revenue.
