Welcome to our dedicated page for Manhattan Bridge news (Ticker: LOAN), a resource for investors and traders seeking the latest updates and insights on Manhattan Bridge stock.
Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) is a real estate finance company that offers short-term, secured, non-banking loans, often described as hard money loans, to real estate investors. Its news flow reflects the activities of a lender focused on first mortgage loans secured by residential and commercial properties in the New York metropolitan area, including New Jersey and Connecticut, and in Florida.
News about LOAN frequently covers quarterly and year-to-date financial results. The company’s earnings releases detail interest income from loans, origination fees, total revenues, operating expenses and net income, along with commentary from management on loan originations, loan payoffs, leverage and conditions in the real estate markets where it operates. These updates provide insight into the performance of its loan portfolio and the impact of changes in loans receivable on revenue.
Another recurring theme in Manhattan Bridge Capital’s news is capital management. Press releases and 8-K filings report regular quarterly dividend declarations and payments on its common stock, including record and payment dates. In addition, the company has announced a share buyback program authorizing the repurchase of up to 100,000 common shares over a 12-month period, with flexibility to execute purchases in the open market or through privately negotiated transactions.
Regulatory and financing developments also appear in the company’s news. Recent 8-K filings describe the redemption of all outstanding 6.00% Senior Secured Notes due April 22, 2026, listed on the NYSE American under the symbol LOAN/26, and the establishment of a new credit facility of up to $10,000,000 for its subsidiary MBC Funding II Corp. with Valley National Bank. Coverage of shareholder meetings and voting results rounds out the news stream, highlighting director elections, auditor ratification and advisory votes on executive compensation.
Investors following Manhattan Bridge Capital’s news can use this page to review earnings announcements, dividend declarations and payments, share repurchase authorizations, credit facility arrangements, note redemptions and shareholder meeting outcomes related to LOAN.
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.
Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) has declared a cash dividend of $0.125 per share, set for payment on January 18, 2022. This dividend will benefit all shareholders recorded by December 31, 2021. The announcement follows the board's approval on November 9, 2021, reiterating the company's commitment to returning value to its shareholders through consistent dividend payments.
Manhattan Bridge Capital has declared a quarterly dividend of $0.125 per share for shareholders of record on December 31, 2021. The payment date is set for January 18, 2022. This initiative demonstrates the company's commitment to returning value to its shareholders. The proactive dividend declaration signals financial stability and confidence in future performance, positioning LOAN as an attractive option for income-focused investors.
Manhattan Bridge Capital (LOAN) reported a net income of approximately $1,110,000 for Q3 2021, down from $1,151,000 in Q3 2020, attributed to lower interest income despite decreased interest expenses. Total revenues for Q3 2021 were about $1,627,000, an 8.9% decline from $1,786,000 in the previous year, mainly due to lower loan interest rates and intense competition, offset by higher origination fees. Year-to-date, net income was stable at $3,274,000. The company's stockholders' equity rose to approximately $45,107,000 by September 30, 2021, reflecting a solid financial position.
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