Manhattan Bridge Stock Price, News & Analysis

Manhattan Bridge Capital (Nasdaq: LOAN) reported a net income of approximately $1,237,000 for Q3 2022, up 11.4% from $1,110,000 in Q3 2021. Total revenues increased 29.5% to $2,107,000, driven by growth in lending operations. For the nine months ended September 30, 2022, net income reached $4,018,000, a 22.7% increase year-over-year. Revenue for the nine-month period was approximately $6,339,000, up 25.0%. Despite higher interest expenses, the company maintains strong profitability and reports no loan defaults.

Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) has announced a cash dividend of $0.125 per share, following the board's approval on July 28, 2022. This dividend will be paid to shareholders of record on October 11, 2022, with a payment date set for October 17, 2022. This initiative reflects the company's commitment to returning value to shareholders.

Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) has declared a quarterly dividend of $0.125 per share. This payment is designated for all shareholders of record on October 11, 2022, with disbursement scheduled for October 17, 2022. This move underscores the company’s commitment to returning value to its shareholders, signaling confidence in ongoing business performance.

Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) reported total revenues of approximately $2,117,000 for Q2 2022, marking a 23.6% increase from $1,713,000 in Q2 2021. The rise is attributed to boosted lending operations, with interest income on secured loans reaching $1,612,000 and origination fees $504,000. Net income rose to $1,356,000 or $0.12 per share, up 28.2%. For the first half of 2022, revenues totaled $4,232,000, a 22.9% increase year-over-year. CEO Assaf Ran noted the company’s strong position amid rising interest rates and tight banking conditions.

Manhattan Bridge Capital announced a cash dividend of $0.125 per share, set to be paid to shareholders of record on July 8, 2022, with the payment date scheduled for July 15, 2022. This dividend reflects the company's ongoing commitment to returning value to its shareholders, following the board's approval on April 15, 2022.

Manhattan Bridge Capital has declared a quarterly dividend of $0.125 per share, scheduled for payment to shareholders on July 15, 2022. Shareholders of record as of July 8, 2022, will be eligible to receive this dividend. This announcement reflects the company's commitment to returning value to its investors.

Manhattan Bridge Capital reported a net income of approximately $1,425,000 for Q1 2022, marking a 28.8% increase from $1,106,000 in Q1 2021. Earnings per share remained stable at $0.12. Total revenue rose 22.3% to $2,115,000, driven by robust lending operations, including interest income of $1,644,000 from secured commercial loans. However, this growth was partially offset by higher general and administrative expenses. As of March 31, 2022, shareholders’ equity stood at approximately $43,377,000.

Manhattan Bridge Capital reported a net income of approximately $4.423 million for the year ended December 31, 2021, or $0.42 per share, reflecting a 4.6% increase from $4.229 million in 2020. Total revenue decreased to $6.808 million, down 2.8% from $7.006 million due to lower interest rates and competition. Operating costs fell 14.1% to $2.402 million. Shareholders' equity rose to $43.386 million from $31.964 million in the previous year, aided by a successful share offering in July 2021, which raised approximately $13 million.

Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) has declared a quarterly dividend of $0.125 per share, payable to shareholders of record on April 8, 2022, with a payment date of April 15, 2022. CEO Assaf Ran highlighted that previous stock offerings had temporarily impacted dividend distributions, but affirmed that the dividend rate is now comfortable and reflective of the company's return on investment. The company specializes in providing short-term secured loans to real estate investors in the New York metropolitan area and Florida.