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.
Marquette National Corporation (OTCQX: MNAT) announced a cash dividend of $0.28 per share, payable on April 3, 2023, to shareholders of record on March 17, 2023. The company reported 4,355,375 shares outstanding as of December 31, 2022. Additionally, the Board authorized a stock repurchase program of up to $1,000,000 at market prices, effective through December 31, 2023. Marquette National Corporation has total assets of approximately $2.083 billion, providing banking services to the Chicagoland area.
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.
Marquette National Corporation (OTCQX: MNAT) has declared a cash dividend of $0.28 per share, payable on January 3, 2023, to shareholders of record as of December 16, 2022. With roughly 4,355,488 shares outstanding, this move reflects the company's ongoing commitment to providing returns to its investors. As of September 30, 2022, Marquette's total assets were approximately $2.069 billion, emphasizing its substantial presence in the financial sector, particularly through its community banking services across various Chicago locations.
Marquette National Corporation (OTCQX: MNAT) reported a year-to-date net loss of $8.6 million for the first half of 2022, compared to a net income of $9.9 million in the same period of 2021. This resulted in an earnings per share loss of $1.97, down from $2.24 in 2021. As of June 30, 2022, total assets decreased to $2.084 billion, while total loans rose by 3% to $1.308 billion. Total deposits increased by 2% to $1.765 billion. The decline in earnings was attributed to reduced value in the parent company's equity portfolio.
Marquette National Corporation (OTCQX: MNAT) has declared a cash dividend of $0.28 per share, payable on October 3, 2022, to shareholders on record as of September 16, 2022. As of June 30, 2022, the company had 4,363,674 shares outstanding. Marquette, a diversified bank holding company with total assets around $2.084 billion, operates Marquette Bank, providing a range of financial services through 21 branches in the Chicagoland area.
Marquette National Corporation (OTCQX: MNAT) reported a net loss of $2.3 million for Q1 2022, a decline from a net income of $2.4 million in Q1 2021. Earnings per share fell to ($0.53) from $0.54 year-over-year. Total assets remained stable at approximately $2.094 billion. The company saw a 3% increase in total loans to $1.301 billion and a 1% increase in total deposits to $1.753 billion. CEO Paul M. McCarthy attributed the earnings drop to unrealized losses on their equity portfolio.
On April 27, 2022, Marquette National Corporation (OTCQX: MNAT) announced a cash dividend of $0.28 per share, payable on July 1, 2022, to shareholders of record as of June 17, 2022. The company has approximately 4,376,189 shares outstanding as of March 31, 2022. Marquette National Corporation operates a diversified banking business with total assets around $2.091 billion and serves the Chicagoland area through its subsidiary, Marquette Bank, providing a variety of financial services across 21 branches.
Marquette National Corporation (OTCQX: MNAT) announced a cash dividend increase of $0.28 per share, reflecting a 3.7% rise from the previous quarter. This dividend will be payable on April 1, 2022 to shareholders recorded by March 18, 2022. As of December 31, 2021, Marquette had 4,373,071 shares outstanding and total assets of approximately $2.094 billion. The bank operates 21 branches across the Chicagoland area, providing a range of financial services.
Marquette Bank, located in Orland Park, Ill., was awarded the 2021 ABA Foundation Community Commitment Award for its Mobile Food Pantry initiative, enhancing community support during the pandemic. This program distributed over 6,000 food boxes through partnerships with local organizations and employee volunteers. Recognized for creativity in volunteerism, Marquette Bank continues to address critical community needs through its Neighborhood Commitment. The bank operates 23 offices in the Chicagoland area and is a subsidiary of Marquette National Corporation (OTCQX: MNAT), boasting assets over $1.9 billion.