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 (MNAT) is a diversified bank holding company and the parent of Marquette Bank, a full-service community bank serving the Chicagoland area. The MNAT news page on Stock Titan aggregates company-issued announcements and market updates so readers can see how this commercial banking organization communicates its financial and strategic developments.
News for Marquette National Corporation frequently includes quarterly and year-to-date financial results, highlighting net income or loss, earnings per share and changes in total assets, loans and deposits. These releases often explain the drivers of performance, such as unrealized and realized gains in the company’s equity portfolio and movements in net interest income. Investors and analysts can use these updates to understand how the company’s balance sheet and earnings profile evolve over time.
Another recurring theme in MNAT news is capital management activity, including declarations of cash dividends per share and authorizations of common stock repurchase programs. These announcements specify dividend amounts, record dates, payment dates and the size and timing of repurchase authorizations, offering insight into how the board of directors approaches shareholder returns.
Marquette Bank’s community and regulatory performance also features prominently. The bank has reported its twelfth consecutive Community Reinvestment Act (CRA) “Outstanding” rating from the Federal Reserve Bank of Chicago and describes its neighborhood-focused initiatives, such as the Marquette Neighborhood Commitment. Leadership and governance updates, including planned leadership transitions at the bank and holding company, appear in the news flow as well.
By following MNAT news on this page, readers can monitor financial disclosures, dividend and repurchase decisions, community banking milestones, CRA-related achievements and key corporate announcements from Marquette National Corporation and Marquette Bank.
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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
Marquette National Corporation (OTCQX: MNAT) announced a cash dividend of
Marquette Bank has appointed Mary Klingenberger to its Board of Directors. Klingenberger, who has been a director at Marquette National Corporation since 2015, brings over 28 years of banking experience, including leadership roles at BMO Harris. She recently retired as President of Mother McAuley Liberal Arts High School, where she inspired young women. Chairman Paul M. McCarthy expressed confidence in Klingenberger’s community and banking experience, which will enhance governance continuity between the bank and its holding company. Marquette National Corporation has total assets of approximately $2.069 billion.
Marquette National Corporation (OTCQX: MNAT) reported a net loss of $6.8 million for the nine months ended September 30, 2022, compared to a net income of $11.6 million in the same period of 2021. Earnings per share decreased from $2.65 to ($1.55). Total assets as of September 30, 2022, decreased by 1% to $2.069 billion, while total loans rose by 7% to $1.368 billion. Total deposits also increased by 1% to $1.764 billion. The decline in earnings was attributed to the depreciation of the parent company's equity portfolio.