Marquette National Corporation Reports Third Quarter 2026 Results

Cash dividends declared per share increased 6% to $0.99 for the first nine months of 2026.

Rhea-AI Summary

Marquette National Corporation (MNAT) reported net income of $10.436 million for the first nine months of 2026, up 1% year over year. Basic and fully diluted earnings per share rose to $2.38 from $2.37. Net interest income increased 17% to $45.024 million, and the provision for credit losses fell 78% to $149,000.

Realized marketable equity securities gains fell 84% to $1.582 million, while unrealized holdings generated gains of $1.194 million versus losses of $2.140 million. Other expense increased 6% to $46.351 million. At September 30, 2026, assets totaled $2.105 billion, down 5% from December 31, 2025; net loans fell 1% to $1.386 billion and deposits declined 3% to $1.722 billion. Comprehensive income, a broader income measure, fell 97% to $725,000. Book value per share declined to $43.52 from $44.34.

8 points · 0 major

MixediHow this balance works

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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0 major · 8 points

How the balance works

Positive

• Moderate pointNet interest income rose 17% to $45.024 million for the first nine months of 2026 year over year.
• Minor pointNet income increased 1% to $10.436 million for the first nine months of 2026 versus 2025.
• Minor pointBasic and fully diluted EPS reached $2.38 versus $2.37 for the first nine months of 2025.
• Minor pointProvision for credit losses fell 78% to $149,000 for the first nine months of 2026 year over year.
• Minor pointUnrealized equity securities gains were $1.194 million versus $2.140 million losses for the first nine months of 2025.

3 minor points

• Minor pointOther income increased 5% to $12.402 million for the first nine months of 2026 year over year.
• Minor pointIncome tax expense declined 8% to $3.266 million for the first nine months of 2026 year over year.
• Minor pointCash dividends declared per share rose 6% to $0.99 for the first nine months of 2026 year over year.

Negative

• Moderate pointRealized equity securities gains fell 84% to $1.582 million for the first nine months of 2026 year over year.
• Moderate pointOther expense increased 6% to $46.351 million for the first nine months of 2026 year over year.
• Moderate pointComprehensive income fell 97% to $725,000 for the first nine months of 2026 year over year.
• Moderate pointTotal assets declined 5% to $2.105 billion at September 30, 2026, versus December 31, 2025.
• Moderate pointTotal deposits fell 3% to $1.722 billion at September 30, 2026, versus December 31, 2025.

3 minor points

• Minor pointNet loans declined 1% to $1.386 billion at September 30, 2026, versus December 31, 2025.
• Minor pointBook value per share fell to $43.52 at September 30, 2026, from $44.34 at December 31, 2025.
• Minor pointTangible book value per share fell to $35.46 at September 30, 2026, from $36.29 at December 31, 2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CHICAGO, Oct. 30, 2026 (GLOBE NEWSWIRE) -- Marquette National Corporation (OTCQX: MNAT) today reported year-to-date net income of $10.4 million, compared to net income of $10.3 million for the first nine months of 2025. Earnings per share for the first nine months of 2026 were $2.38, as compared to earnings per share of $2.37 for the comparable period in 2025.

At September 30, 2026, total assets were $2.105 billion, a decrease of $120 million, compared to $2.225 billion at December 31, 2025. Total loans decreased by $12.6 million, to $1.40 billion compared to $1.412 billion at the end of 2025. Total deposits decreased by $51.9 million to $1.722 billion compared to $1.774 billion at the end of 2025.

Paul M. McCarthy, Chairman & CEO, said, “the $91,000 increase in net income year-to-date versus the comparable year-to-date period in 2025, was due primarily to increased net interest income of $6.5 million, increased other income of $605,000 and lower provision for credit losses of $526,000. Those improvements were partially offset by decreased realized/unrealized net gains on marketable equity securities of $5.1 million and increased expenses of $2.5 million.”

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); (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
	09/30/26		12/31/25	Percent Change
Total assets	$2,104,780		$2,224,771	-5%
Total loans, net	1,385,964		1,398,388	-1%
Total deposits	1,721,739		1,773,612	-3%
Total stockholders' equity	196,862		194,603	-2%
Shares outstanding	4,388,274		4,388,532	0%
Book value per share	$43.52		$44.34	-2%
Tangible book value per share	$35.46		$36.29	-2%
Operating Results
	Nine Months Ended September 30,			Percent Change
	2026		2025
Net interest income	$45,024		$38,517	17%
Provision for credit losses	149		675	-78%
Realized marketable equity securities gains, net	1,582		9,996	-84%
Unrealized holding gains (losses) on marketable
equity securities	1,194		(2,140)	*
Other income	12,402		11,797	5%
Other expense	46,351		43,614	6%
Income tax expense	3,266		3,536	-8%
Net income	10,436		10,345	1%
Basic and fully diluted earnings per share	$2.38		$2.37	1%
Weighted average shares outstanding	4,387,543		4,372,431	0%
Cash dividends declared per share	$0.99		$0.93	6%
Comprehensive income	$725		$20,785	-97%
* Not meaningful

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did Marquette National Corporation earn in the first nine months of 2026?

Marquette National Corporation earned $10.436 million in the first nine months of 2026, compared with $10.345 million in the same period of 2025. Basic and fully diluted earnings per share were $2.38, compared with $2.37.

How did Marquette National Corporation's loans and deposits change at September 30, 2026?

Net loans declined 1% to $1.386 billion and deposits declined 3% to $1.722 billion at September 30, 2026, compared with December 31, 2025.