Marquette National Corporation Reports Second Quarter 2025 Results
Marquette National Corporation (OTCQX: MNAT) reported a significant decline in year-to-date net income to $6.6 million for the first six months of 2025, compared to $13.2 million in the same period of 2024. Earnings per share decreased to $1.52 from $3.02 year-over-year.
The company's total assets grew 1% to $2.23 billion, with loans increasing by $32 million to $1.44 billion and deposits rising by $20 million to $1.76 billion. The decline in earnings was primarily attributed to lower unrealized gains on the equity portfolio, partially offset by increased realized gains and higher net interest income. Despite lower earnings, tangible book value per share increased by $2.69 during the first half of 2025.
Marquette National Corporation (OTCQX: MNAT) ha riportato un calo significativo dell'utile netto da inizio anno, attestandosi a 6,6 milioni di dollari nei primi sei mesi del 2025, rispetto ai 13,2 milioni dello stesso periodo del 2024. L'utile per azione è sceso a 1,52 dollari dai 3,02 dollari dell'anno precedente.
Gli attivi totali della società sono cresciuti dell'1%, raggiungendo 2,23 miliardi di dollari, con i prestiti che sono aumentati di 32 milioni a 1,44 miliardi e i depositi che sono saliti di 20 milioni a 1,76 miliardi. Il calo degli utili è stato principalmente causato da una riduzione delle plusvalenze non realizzate sul portafoglio azionario, parzialmente compensata da maggiori plusvalenze realizzate e da un incremento del reddito netto da interessi. Nonostante la diminuzione degli utili, il valore contabile tangibile per azione è aumentato di 2,69 dollari nella prima metà del 2025.
Marquette National Corporation (OTCQX: MNAT) reportó una caída significativa en las ganancias netas acumuladas hasta la fecha, alcanzando 6,6 millones de dólares en los primeros seis meses de 2025, en comparación con 13,2 millones en el mismo período de 2024. Las ganancias por acción disminuyeron a 1,52 dólares desde 3,02 dólares año tras año.
Los activos totales de la compañía crecieron un 1% hasta 2,23 mil millones de dólares, con préstamos que aumentaron 32 millones hasta 1,44 mil millones y depósitos que subieron 20 millones hasta 1,76 mil millones. La disminución en las ganancias se atribuyó principalmente a menores ganancias no realizadas en la cartera de acciones, parcialmente compensadas por mayores ganancias realizadas y un aumento en los ingresos netos por intereses. A pesar de las menores ganancias, el valor contable tangible por acción aumentó en 2,69 dólares durante la primera mitad de 2025.
Marquette National Corporation (OTCQX: MNAT)는 2025년 상반기 순이익이 전년 동기 1,320만 달러에서 660만 달러로 크게 감소했다고 보고했습니다. 주당순이익은 전년 대비 1.52달러에서 3.02달러로 하락했습니다.
회사의 총자산은 1% 증가하여 22억 3천만 달러에 달했으며, 대출금은 3,200만 달러 증가한 14억 4천만 달러, 예금은 2,000만 달러 증가한 17억 6천만 달러를 기록했습니다. 수익 감소는 주식 포트폴리오의 미실현 이익 감소가 주된 원인이었으며, 이는 실현 이익 증가와 순이자 수익 증가로 일부 상쇄되었습니다. 수익이 줄었음에도 불구하고, 2025년 상반기 동안 주당 유형 장부 가치는 2.69달러 상승했습니다.
Marquette National Corporation (OTCQX : MNAT) a annoncé une baisse significative du bénéfice net cumulé à 6,6 millions de dollars pour les six premiers mois de 2025, contre 13,2 millions pour la même période en 2024. Le bénéfice par action est passé de 3,02 à 1,52 dollar d'une année sur l'autre.
Les actifs totaux de la société ont augmenté de 1 % pour atteindre 2,23 milliards de dollars, les prêts ayant augmenté de 32 millions à 1,44 milliard et les dépôts de 20 millions à 1,76 milliard. La baisse des bénéfices est principalement due à une diminution des gains non réalisés sur le portefeuille d'actions, partiellement compensée par une augmentation des gains réalisés et des revenus nets d'intérêts plus élevés. Malgré la baisse des bénéfices, la valeur comptable tangible par action a augmenté de 2,69 dollars au cours du premier semestre 2025.
Marquette National Corporation (OTCQX: MNAT) meldete einen deutlichen Rückgang des kumulierten Nettogewinns auf 6,6 Millionen US-Dollar in den ersten sechs Monaten des Jahres 2025, verglichen mit 13,2 Millionen US-Dollar im gleichen Zeitraum 2024. Der Gewinn je Aktie sank von 3,02 US-Dollar auf 1,52 US-Dollar im Jahresvergleich.
Die Gesamtaktiva des Unternehmens stiegen um 1 % auf 2,23 Milliarden US-Dollar, wobei die Kredite um 32 Millionen auf 1,44 Milliarden und die Einlagen um 20 Millionen auf 1,76 Milliarden US-Dollar zunahmen. Der Rückgang der Gewinne wurde hauptsächlich auf geringere nicht realisierte Gewinne im Aktienportfolio zurückgeführt, die teilweise durch höhere realisierte Gewinne und einen Anstieg der Nettozinserträge ausgeglichen wurden. Trotz der geringeren Gewinne stieg der materielle Buchwert je Aktie in der ersten Hälfte des Jahres 2025 um 2,69 US-Dollar.
- None.
- Net income declined 50% to $6.6 million
- Earnings per share dropped 50% to $1.52
- Unrealized losses of $4.8 million on equity securities compared to $16.3 million gains last year
- Other income decreased 6% to $7.8 million
CHICAGO, Aug. 01, 2025 (GLOBE NEWSWIRE) -- Marquette National Corporation (OTCQX: MNAT) today reported year-to-date net income of
At June 30, 2025, total assets were
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 equity portfolio in 2025. The decrease in unrealized gains on the Company’s equity portfolio was partially offset by an increase in realized gains on the Company’s equity portfolio and an increase in net interest income. Other comprehensive income was positive for the first six months of 2025 and helped deliver an increase to tangible book value per share in 2025. Tangible book value per share increased by
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.
For further information on financial results, visit: https://www.otcmarkets.com/stock/MNAT/disclosure.
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 and supply chain constraints); (ii) effects on the U.S. economy resulting from the implementation of policies proposed by the new presidential administration, including tariffs, mass deportations and tax regulations; (iii) the economic impact of any future terrorist threats and attacks, widespread disease or pandemics, acts of war or threats thereof (including the Russian invasion of Ukraine and ongoing conflicts in the Middle East), 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 and any changes in response to the bank failures in 2023; (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 Subsidiaries | |||||||||||
| Financial Highlights | |||||||||||
| (Unaudited) | |||||||||||
| (in thousands, except share and per share data) | |||||||||||
| Balance Sheet | |||||||||||
| 06/30/25 | 12/31/24 | Percent Change | |||||||||
| Total assets | |||||||||||
| Total loans, net | 1,421,815 | 1,390,799 | |||||||||
| Total deposits | 1,759,649 | 1,739,799 | |||||||||
| Total stockholders' equity | 185,298 | 173,579 | |||||||||
| Shares outstanding | 4,366,911 | 4,367,477 | |||||||||
| Book value per share | |||||||||||
| Tangible book value per share | |||||||||||
| Operating Results | |||||||||||
| Six Months Ended June 30, | Percent Change | ||||||||||
| 2025 | 2024 | ||||||||||
| Net Interest income | |||||||||||
| Provision for credit losses | 619 | 1,894 | - | ||||||||
| Realized securities gains, net | 9,996 | 1,261 | * | ||||||||
| Unrealized holding gains (losses) on equity securities and exchange traded funds | (4,825) | 16,294 | * | ||||||||
| Other income | 7,767 | 8,264 | - | ||||||||
| Other expense | 28,453 | 28,533 | |||||||||
| Income tax expense | 2,233 | 4,645 | - | ||||||||
Net income | 6,636 | 13,233 | - | ||||||||
| Basic and fully diluted earnings per share | - | ||||||||||
| Weighted average shares outstanding | 4,367,277 | 4,381,037 | |||||||||
| Cash dividends declared per share | |||||||||||
| Comprehensive income | |||||||||||
| * Not meaningful | |||||||||||
For more information:
Patrick Hunt
EVP & CFO
708-364-9019
phunt@emarquettebank.com
FAQ
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