Mill City Ventures III, Ltd. Reports First Quarter 2025 Financial Results
Mill City Ventures III (NASDAQ:MCVT), a non-bank lender and specialty finance company, reported strong Q1 2025 financial results. The company's net increase in assets from operations grew 18% to $451,746 from $382,103 in the prior year. Net asset value per share increased to $3.23 from $3.09 at the end of 2024.
During Q1, Mill City originated $3.25M in new short-term real estate loans and repurchased 322,482 shares for approximately $630,000 under its buyback program. CEO Douglas Polinsky expressed optimism for 2025, citing healthy investment income, strong credit performance, and continued loan demand.
Mill City Ventures III (NASDAQ:MCVT), una società finanziaria specializzata e prestatore non bancario, ha riportato solidi risultati finanziari per il primo trimestre del 2025. L'incremento netto degli asset derivanti dalle operazioni è cresciuto del 18%, raggiungendo 451.746$ rispetto ai 382.103$ dell'anno precedente. Il valore netto patrimoniale per azione è salito a 3,23$ rispetto ai 3,09$ di fine 2024.
Nel primo trimestre, Mill City ha erogato 3,25 milioni di dollari in nuovi prestiti immobiliari a breve termine e ha riacquistato 322.482 azioni per circa 630.000$ nell'ambito del suo programma di buyback. Il CEO Douglas Polinsky si è mostrato ottimista per il 2025, sottolineando un reddito da investimenti solido, ottime performance creditizie e una domanda di prestiti in crescita.
Mill City Ventures III (NASDAQ:MCVT), una empresa financiera especializada y prestamista no bancario, reportó sólidos resultados financieros en el primer trimestre de 2025. El aumento neto de activos provenientes de operaciones creció un 18%, alcanzando $451,746 frente a $382,103 del año anterior. El valor neto por acción aumentó a $3.23 desde $3.09 a finales de 2024.
Durante el primer trimestre, Mill City originó $3.25 millones en nuevos préstamos inmobiliarios a corto plazo y recompró 322,482 acciones por aproximadamente $630,000 bajo su programa de recompra. El CEO Douglas Polinsky expresó optimismo para 2025, citando ingresos de inversión saludables, buen desempeño crediticio y una demanda continua de préstamos.
Mill City Ventures III (NASDAQ:MCVT)는 비은행 대출업체이자 전문 금융 회사로서 2025년 1분기 강력한 재무 실적을 발표했습니다. 영업 활동으로 인한 순자산 증가는 전년 382,103달러에서 18% 증가한 451,746달러를 기록했습니다. 주당 순자산 가치는 2024년 말 3.09달러에서 3.23달러로 상승했습니다.
1분기 동안 Mill City는 단기 부동산 대출 325만 달러를 신규 발행했으며, 자사주 매입 프로그램을 통해 약 63만 달러에 해당하는 322,482주를 재매입했습니다. CEO 더글라스 폴린스키는 2025년에 대해 투자 수익 건전성, 우수한 신용 성과, 지속적인 대출 수요를 근거로 낙관적인 전망을 밝혔습니다.
Mill City Ventures III (NASDAQ:MCVT), un prêteur non bancaire et une société de finance spécialisée, a publié de solides résultats financiers pour le premier trimestre 2025. L'augmentation nette des actifs issus des opérations a progressé de 18 % pour atteindre 451 746 $ contre 382 103 $ l'année précédente. La valeur nette par action est passée de 3,09 $ fin 2024 à 3,23 $.
Au cours du premier trimestre, Mill City a accordé 3,25 millions de dollars de nouveaux prêts immobiliers à court terme et a racheté 322 482 actions pour environ 630 000 $ dans le cadre de son programme de rachat. Le PDG Douglas Polinsky s'est montré optimiste pour 2025, soulignant un revenu d'investissement solide, une bonne performance du crédit et une demande de prêts soutenue.
Mill City Ventures III (NASDAQ:MCVT), ein nicht-bankmäßiger Kreditgeber und Spezialfinanzunternehmen, meldete starke Finanzergebnisse für das erste Quartal 2025. Der Nettozuwachs der Vermögenswerte aus dem operativen Geschäft stieg um 18 % auf 451.746 $ gegenüber 382.103 $ im Vorjahr. Der Nettovermögenswert je Aktie erhöhte sich von 3,09 $ Ende 2024 auf 3,23 $.
Im ersten Quartal vergab Mill City 3,25 Mio. $ an neuen kurzfristigen Immobilienkrediten und kaufte im Rahmen seines Rückkaufprogramms 322.482 Aktien für etwa 630.000 $ zurück. CEO Douglas Polinsky äußerte sich optimistisch für 2025 und verwies auf gesunde Investitionserträge, starke Kreditperformance und anhaltende Kreditnachfrage.
- 18% increase in net assets from operations to $451,746
- Net asset value per share increased to $3.23 from $3.09
- Originated $3.25M in new short-term real estate loans
- Share repurchase of 322,482 shares at discount to NAV
- Strong credit performance and healthy investment income reported
- None.
MINNEAPOLIS, MN / ACCESS Newswire / May 13, 2025 / Mill City Ventures III, Ltd. (Nasdaq:MCVT) ("Mill City" or the "Company") a non-bank lender and specialty finance company, today announced financial results for the first quarter ended March 31, 2025.
1Q 2025 Highlights
Net increase in net assets resulting from operations increased in the first quarter to
$451,746 from$382,103 in the prior-year period, an18% increaseNet asset value per share increased to
$3.23 from$3.09 at the end of 2024.During the quarter, the Company repurchased 322,482 shares of its common stock for approximately
$630,000 under its authorized buyback program.Originated
$3.25M in new short-term real estate loans during the first quarter.
Chief Executive Officer, Douglas Polinsky, commented: "Our first quarter results reflect continued execution in our lending business. The combination of healthy investment income, strong credit performance, and an opportunistic buyback of our shares at a discount to NAV underscores our focus on shareholder value creation. We remain optimistic about the remainder of 2025 as loan demand continues to be strong and our investment pipeline remains active."
About Mill City
Founded in 2007, Mill City is a short-term non-bank lending and specialty finance company. Additional information can be found at www.sec.gov.
Forward-Looking Statements and Safe Harbor Notice
All statements other than statements of historical facts included in this press release are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements include our expectations and those statements that use forward-looking words such as "projected," "expect," "possibility" and "anticipate." The achievement or success of the matters covered by such forward-looking statements involve significant risks, uncertainties and assumptions. Actual results could differ materially from current projections or implied results. Investors should carefully read the risk factors set forth in the Company's prospectus on Form 10-K filed with the SEC on March 10, 2025, as amended, subsequent filings and future periodic reports filed with the SEC. All of the Company's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements.
The Company cautions that statements and assumptions made in this press release constitute forward-looking statements and make no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. The information set forth herein speaks only as of the date hereof. The Company and its management undertake no obligation to revise these statements following the date of this news release, other than as required by law.
Investor Contact:
Joseph A. Geraci
Chief Financial Officer
Mill City Ventures III, Ltd.
jg@millcityventures3.com
SOURCE: Mill City Ventures III Ltd.
View the original press release on ACCESS Newswire
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