Marquette National Corporation Reports Third Quarter 2025 Results

Rhea-AI Summary

Marquette National Corporation (OTCQX: MNAT) reported year-to-date net income of $10.35M and EPS of $2.37 for the nine months ended Sept 30, 2025, down 27% from 2024. Total assets were $2.249B (+2% vs 12/31/24), total loans were $1.425B (+2%), and total deposits were $1.776B (+2%).

Key drivers: net interest income rose 15% to $38.52M, realized securities gains increased to $9.996M (+313%), while unrealized equity losses were $(2.14M) versus a $15.85M gain in 2024. Tangible book value per share increased 12% to $35.44, and shareholders' equity rose 10% to $190.84M. Cash dividend declared per share was $0.93 (up 11%).

Positive

• Net interest income +15% to $38.52M
• Realized securities gains $9.996M (+313%)
• Tangible book value per share +12% to $35.44
• Stockholders' equity +10% to $190.843M
• Deposits increased to $1.776B (+2%)
• Cash dividend declared per share $0.93 (+11%)

Negative

• Net income fell 27% to $10.345M
• Earnings per share fell 27% to $2.37
• Unrealized holding losses on equity securities $(2.14M) vs $15.847M gain in 2024

CHICAGO, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Marquette National Corporation (OTCQX: MNAT) today reported year-to-date net income of $10.3 million compared to net income of $14.2 million for the first nine months of 2024. Earnings per share for the first nine months of 2025 were $2.37, as compared to income of $3.25 per share for the comparable period in 2024.

At September 30, 2025, total assets were $2.25 billion, an increase of $41 million, or 2%, compared to $2.21 billion at December 31, 2024. Total loans increased by $34 million to $1.44 billion compared to $1.41 billion at the end of 2024. Total deposits increased by $36 million, or 2%, to $1.78 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 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 nine months of 2025 and helped deliver an increase to tangible book value per share in 2025. Tangible book value per share increased by $3.79 during the first nine months of 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.

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.

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

Marquette National Corporation and Subsidiaries
Financial Highlights
(Unaudited)
(in thousands, except share and per share data)
Balance Sheet
			09/30/25			12/31/24			Percent Change
	Total assets		$	2,248,589		$	2,207,663		2	%
	Total loans, net			1,424,740			1,390,799		2	%
	Total deposits			1,776,230			1,739,799		2	%
	Total stockholders' equity			190,843			173,579		10	%
	Shares outstanding			4,387,041			4,367,477		0	%
	Book value per share		$	43.50		$	39.74		9	%
	Tangible book value per share		$	35.44		$	31.65		12	%
Operating Results
			Nine Months Ended September 30,						Percent Change
				2025			2024
	Net interest income		$	38,517		$	33,543		15	%
	Provision for credit losses			675			2,246		-70	%
	Realized securities gains, net			9,996			2,418		313	%
	Unrealized holding gains (losses) on equity securities and exchange traded funds			(2,140	)		15,847		*
	Other income			11,797			11,967		-1	%
	Other expense			43,614			42,439		3	%
	Income tax expense			3,536			4,860		-27	%
	Net income			10,345			14,230		-27	%
	Basic and fully diluted earnings per share		$	2.37		$	3.25		-27	%
	Weighted average shares outstanding			4,372,431			4,378,231		0	%
	Cash dividends declared per share		$	0.93		$	0.84		11	%
	Comprehensive income		$	20,785		$	22,179		-6	%
	* Not meaningful

FAQ

What were Marquette National (MNAT) net income and EPS for the nine months ended Sept 30, 2025?

Net income was $10.345M and EPS was $2.37 for the nine months ended Sept 30, 2025.

How did Marquette National's balance sheet change by Sept 30, 2025 for MNAT?

Total assets were $2.249B (+2%), total loans $1.425B (+2%), and total deposits $1.776B (+2%) versus Dec 31, 2024.

What drove MNAT's year-to-date earnings decline in 2025?

Management attributed the primary reason to a lower level of unrealized gains on the company’s equity portfolio, partially offset by higher realized gains and net interest income.

Did Marquette National (MNAT) report any notable securities gains in 2025?

Yes. Realized securities gains were $9.996M, a 313% increase versus the comparable 2024 period.

How did tangible book value per share change for MNAT through Sept 30, 2025?

Tangible book value per share increased 12% to $35.44 as of Sept 30, 2025.

What dividend did Marquette National (MNAT) declare for 2025 year-to-date?

Cash dividends declared were $0.93 per share, an increase of 11% versus the prior period.