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 $0.28 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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