Marquette National Corporation Reports 2025 Annual Results

Rhea-AI Summary

Marquette National Corporation (OTCQX: MNAT) reported 2025 net income of $13.2 million versus $17.1 million in 2024, and diluted EPS of $3.01 versus $3.91. Total assets were $2.22 billion, up 1%; total loans rose to $1.412 billion; total deposits were $1.77 billion, up 2%.

The company cited lower unrealized gains on its marketable equity securities as the primary driver of lower consolidated earnings, offset in part by higher net interest income and increased realized securities gains. Tangible book value per share increased by $4.64 in 2025.

Positive

• Net interest income +17%
• Realized marketable equity gains +485%
• Tangible book value per share +15% (to $36.29)
• Stockholders' equity +12%

Negative

• Net income -23%
• EPS -23%
• Unrealized securities swing to loss (‑$2.7M)

CHICAGO, March 03, 2026 (GLOBE NEWSWIRE) -- Marquette National Corporation (OTCQX: MNAT) today reported net income of $13.2 million for the year ended December 31, 2025, compared to net income of $17.1 million for the year ended December 31, 2024. The Company recorded earnings per share of $3.01 for 2025 as compared to earnings of $3.91 per share for the year ended December 31, 2024.

At December 31, 2025, total assets were $2.22 billion, an increase of $17 million, or 1%, compared to $2.21 billion at December 31, 2024. Total loans increased by $7 million to $1.412 billion compared to $1.405 billion at the end of 2024. Total deposits increased by $34 million, or 2%, to $1.77 billion compared to $1.74 billion at the end of 2024.

Paul M. McCarthy, Chairman & CEO, said, “the primary reason for the decrease in consolidated earnings was a lower level of unrealized gains on the Company’s marketable equity securities portfolio in 2025. The decrease in unrealized gains on the Company’s marketable equity securities portfolio was partially offset by an increase in realized gains on the Company’s marketable equity securities portfolio and an increase in net interest income. Other comprehensive income was positive for 2025 and helped deliver an increase to tangible book value per share in 2025. Tangible book value per share increased by $4.64 during 2025.”

Marquette National Corporation is a diversified financial holding company and the parent of Marquette Bank, a full-service, community bank that serves the financial needs of communities in Chicagoland. The Bank has branches located in: Chicago, Bolingbrook, Bridgeview, Evergreen Park, Hickory Hills, Lemont, New Lenox, Oak Forest, Oak Lawn, Orland Park, Summit and Tinley Park, Illinois.

Special Note Concerning Forward-Looking Statements
This document contains, and future oral and written statements of the Company and its management may contain, forward-looking statements with respect to the financial condition, results of operations, plans, objectives, future performance and business of the Company. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of the Company’s management and on information currently available to management, are generally identifiable by the use of words such as “believe,” “expect,” “anticipate,” “bode”, “predict,” “suggest,” “project”, “appear,” “plan,” “intend,” “estimate,” ”annualize,” “may,” “will,” “would,” “could,” “should,” “likely,” “might,” “potential,” “continue,” “annualized,” “target,” “outlook,” as well as the negative forms of those words, or other similar expressions. Additionally, all statements in this document, including forward-looking statements, speak only as of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events. A number of factors, many of which are beyond the ability of the Company to control or predict, could cause actual results to differ materially from those in its forward-looking statements. These factors include, but are not limited to: (i) the strength of the local, state, national and international economies and financial markets (including effects of inflationary pressures); (ii) effects on the U.S. economy resulting from actions taken by the federal government, including the threat or implementation of tariffs, immigration enforcement, and changes in foreign policy and tax regulations; (iii) the economic impact of any future terrorist threats and attacks, widespread disease or pandemics, military conflicts, acts of war or threats thereof (including the Russian invasion of Ukraine, ongoing conflicts in the Middle East and the recent military actions in Venezuela), or other adverse events that could cause economic deterioration or instability in credit markets, and the response of the local, state and national governments to any such adverse external events; (iv) new or revised accounting policies and practices, as may be adopted by state and federal regulatory agencies, the Financial Accounting Standards Board or the Public Company Accounting Oversight Board; (v) changes in local, state and federal laws, regulations and governmental policies concerning the Company’s general business; (vi) the imposition of tariffs or other governmental policies impacting the value of products produced by the Company’s commercial borrowers; (vii) increased competition in the financial services sector, including from non-bank competitors such as credit unions and fintech companies, and the inability to attract new customers; (viii) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (ix) unexpected results of acquisitions which may include failure to realize the anticipated benefits of the acquisitions and the possibility that transaction costs may be greater than anticipated; (x) the loss of key executives and employees, talent shortages and employee turnover; (xi) changes in consumer spending; (xii) unexpected outcomes and costs of existing or new litigation or other legal proceedings and regulatory actions involving the Company; (xiii) the economic impact on the Company and its customers of climate change, natural disasters and exceptional weather occurrences such as tornadoes, floods and blizzards; (xiv) fluctuations in the value of securities held in our securities portfolio, including as a result of changes in interest rates; (xv) credit risk and risks from concentrations (by type of borrower, geographic area, collateral and industry) within our loan portfolio and large loans to certain borrowers (including CRE loans); (xvi) the overall health of the local and national real estate market; (xvii) the ability to maintain an adequate level of allowance for credit losses on loans; (xviii) the concentration of large deposits from certain clients who have balances above current FDIC insurance limits and who may withdraw deposits to diversify their exposure; (xix) the ability to successfully manage liquidity risk, which may increase dependence on non-core funding sources such as brokered deposits, and may negatively impact the Company’s cost of funds; (xx) the level of non-performing assets on our balance sheets; (xxi) interruptions involving our information technology and communications systems or third-party servicers; (xxii) the occurrence of fraudulent activity, breaches or failures of our third-party vendors’ information security controls or cybersecurity-related incidents, including as a result of sophisticated attacks using artificial intelligence and similar tools or as a result of insider fraud; (xxiii) changes in the interest rates and repayment rates of the Company’s assets; (xxiv) the effectiveness of the Company’s risk management framework, and (xxv) the ability of the Company to manage the risks associated with the foregoing as well as anticipated. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.

Marquette National Corporation and Subsidiary
Financial Highlights
(Unaudited)
(in thousands, except share and per share data)
Balance Sheet
				12/31/25				12/31/24				Percent Change
	Total assets			$	2,224,771			$	2,207,663			1	%
	Total loans, net				1,398,388				1,390,799			1	%
	Total deposits				1,773,612				1,739,799			2	%
	Total stockholders' equity				194,603				173,579			12	%
	Shares outstanding				4,388,532				4,367,477			0	%
	Book value per share			$	44.34			$	39.74			12	%
	Tangible book value per share			$	36.29			$	31.65			15	%
Operating Results
				Year Ended December 31,								Percent Change
					2025				2024
	Net interest income			$	52,563			$	45,032			17	%
	Provision for credit losses				45				3,700			-99	%
	Realized marketable equity securities gains, net				11,386				1,947			485	%
	Unrealized holding gains (losses) on marketable equity securities				(2,711	)			20,416			-113	%
	Other income				15,731				16,132			-2	%
	Other expense				59,233				56,850			4	%
	Income tax expense				4,508				5,848			-23	%
	Net income				13,183				17,129			-23	%
	Basic and fully diluted earnings per share			$	3.01			$	3.91			-23	%
	Weighted average shares outstanding				4,376,199				4,376,610			0	%
	Cash dividends declared per share			$	1.24			$	1.12			11	%
	Comprehensive income			$	25,865			$	19,858			30	%

For more information:
Patrick Hunt
SEVP / CFO
708-364-9019
phunt@emarquettebank.com

FAQ

What were Marquette National Corporation's net income and EPS for 2025 (MNAT)?

Net income for 2025 was $13.2 million and diluted EPS was $3.01. According to the company, both figures declined versus 2024, when net income was $17.1 million and EPS was $3.91.

How did Marquette National's balance sheet change at December 31, 2025 (MNAT)?

Total assets rose to $2.22 billion, a 1% increase, while total deposits reached $1.77 billion. According to the company, loans increased to approximately $1.412 billion, up modestly year over year.

Why did Marquette National Corporation's earnings decline in 2025 (MNAT)?

The primary reason was lower unrealized gains on the marketable equity securities portfolio. According to the company, this decline was partly offset by higher net interest income and increased realized securities gains.

What positive capital metrics did Marquette National report for 2025 (MNAT)?

Tangible book value per share increased by $4.64 to $36.29 and stockholders' equity rose ~12%. According to the company, other comprehensive income was positive and supported equity growth.

How did Marquette National's net interest income perform in 2025 (MNAT)?

Net interest income increased by 17% to $52.6 million in 2025. According to the company, higher net interest income partially offset declines in unrealized securities gains.

Did Marquette National report any material securities gains or losses in 2025 (MNAT)?

Yes. Realized marketable equity securities gains rose to $11.4 million, while unrealized holding results swung to a $2.7 million loss. According to the company, realized gains helped offset unrealized declines.