Marquette National Corporation reports recurring financial and governance developments as a diversified financial holding company and parent of Marquette Bank, a full-service community bank serving communities in Chicagoland. Company updates commonly cover quarterly and annual earnings, loan and deposit trends, total assets, net interest income, and the effect of marketable equity securities on reported results.
Other recurring announcements include cash dividend declarations, common stock repurchase authorization, shares outstanding, and board composition matters. The company's banking footprint is centered in Chicago and surrounding Illinois communities, including suburban markets such as Orland Park, Oak Lawn, Lemont, Tinley Park, and New Lenox.
Marquette National (OTCQX: MNAT) has announced a cash dividend of $0.31 per share, payable on July 1, 2025, to shareholders of record on June 20, 2025. The company currently has 4,367,449 shares issued and outstanding.
As a diversified bank holding company, Marquette has total assets of $2.2 billion. Its banking subsidiary, Marquette Bank, operates as a full-service community bank serving Chicagoland through 20 branches across various Illinois locations. The bank offers comprehensive financial solutions including retail banking, real estate lending, trust, insurance, investments, wealth management, and business banking services.
Marquette Bank (MNAT), a Chicago-based neighborhood bank, has received its 12th consecutive 'Outstanding' Community Reinvestment Act (CRA) rating from the Federal Reserve Bank of Chicago. This achievement places the bank among the top 1% nationally for CRA performance since 2000.
The bank, with $2 billion in assets and a $1 billion local lending portfolio, demonstrates strong community engagement through employee volunteerism, nonprofit partnerships, and focus on affordable housing. Recent customer surveys showed clients were twice more likely to recommend Marquette Bank compared to industry averages.
The bank's Marquette Neighborhood Commitment initiative has earned recognition from the American Bankers Association Foundation and the Community Bankers Association of Illinois. The institution operates banking centers across multiple Chicago suburbs and will celebrate its 80th Anniversary on May 12th, 2025.
Marquette National (OTCQX: MNAT) has reported its 2024 annual results with net income of $17.1 million, up from $16.1 million in 2023. Earnings per share increased to $3.91 from $3.69 year-over-year.
Total assets grew 3% to $2.208 billion, while total loans decreased by $19.3 million to $1.405 billion. Deposits increased by $30.0 million (2%) to $1.740 billion compared to 2023.
The improved consolidated earnings were primarily attributed to higher realized and unrealized gains in the company's equity portfolio, though this was partially offset by a decrease in net interest income and an increase in provision for credit losses.
Marquette National (OTCQX: MNAT) has announced two significant shareholder-focused initiatives. The Board of Directors declared a cash dividend increase of 10.7% to $0.31 per share, payable on April 1, 2025, to shareholders of record on March 14, 2025. Additionally, the company authorized a stock repurchase program of up to $1,000,000 of its outstanding common stock, effective through December 31, 2025.
The company, with total assets of $2.2 billion, operates through its banking subsidiary Marquette Bank, serving Chicagoland communities with 20 branches. As of December 31, 2024, Marquette had 4,367,477 shares issued and outstanding. The bank provides comprehensive financial services including retail banking, real estate lending, trust, insurance, investments, wealth management, and business banking solutions.
Marquette National (OTCQX: MNAT) reported a net income of $14.2 million for the first nine months of 2024, up from $12.3 million in the same period of 2023. Earnings per share increased to $3.25 from $2.81. Total assets grew by 3% to $2.199 billion, while total loans decreased by $19 million to $1.391 billion. Deposits saw a 1% increase to $1.724 billion. The improved earnings were primarily driven by higher realized and unrealized gains in the company's equity portfolio, partially offset by decreased net interest income and increased provision for credit losses.
Marquette National (OTCQX: MNAT) has announced a cash dividend of $0.28 per share, payable on January 2, 2025 to shareholders of record on December 20, 2024. As of September 30, 2024, the company had 4,372,352 shares issued and outstanding.
Marquette National is a diversified bank holding company with total assets of approximately $2.20 billion. Its banking subsidiary, Marquette Bank, offers a wide range of financial solutions including retail banking, real estate lending, trust, insurance, investments, wealth management, and business banking services. The bank operates 20 branches across various locations in Chicagoland, Illinois.
Marquette National (OTCQX: MNAT) reported year-to-date net income of $13.2 million for the first six months of 2024, up from $12.0 million in the same period of 2023. Earnings per share increased to $3.02 from $2.76 year-over-year. As of June 30, 2024, total assets grew 3% to $2.196 billion, while total loans slightly decreased to $1.423 billion. Total deposits rose 2% to $1.749 billion.
The company attributed the improved earnings primarily to higher unrealized gains on its equity portfolio, partially offset by decreased net interest income and increased provision for credit losses. Marquette National operates as a diversified financial holding company, with its subsidiary Marquette Bank serving Chicagoland communities through multiple branches.
Marquette National (OTCQX: MNAT) has declared a cash dividend of $0.28 per share, payable on October 1, 2024, to shareholders of record on September 20, 2024. As of June 30, 2024, the company had 4,380,744 shares issued and outstanding.
Marquette National is a diversified bank holding company with total assets of approximately $2.20 billion. Its banking subsidiary, Marquette Bank, offers a wide range of financial solutions including retail banking, real estate lending, trust, insurance, investments, wealth management, and business banking services. The bank operates 20 branches across various locations in Chicagoland.
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