Welcome to our dedicated page for Marquette Natl news (Ticker: MNAT), a resource for investors and traders seeking the latest updates and insights on Marquette Natl stock.
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.
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On April 20, 2023, Marquette National Corporation (OTCQX: MNAT) declared a cash dividend of $0.28 per share, payable on July 3, 2023 to shareholders of record by June 16, 2023. As of March 31, 2023, the company had 4,367,506 shares outstanding and total assets amounting to approximately $2.119 billion. Marquette National Corporation operates as a diversified bank holding company through its subsidiary, Marquette Bank, which offers various financial services across 21 branches in the Chicagoland area, including retail banking, real estate lending, and wealth management.
Marquette National Corporation (OTCQX: MNAT) reported a net loss of $2.96 million for the year ending December 31, 2022, a significant drop from a net income of $14.20 million in 2021. Earnings per share fell from $3.23 to a loss of $0.68. Total assets decreased by $11 million to $2.083 billion, while total loans increased by $149 million, up 12% to $1.427 billion. Deposits, however, declined by $50 million to $1.689 billion. The decline in parent company equity portfolio value was cited for the earnings drop.