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.
Marquette National Corporation (OTCQX: MNAT) reported a year-to-date net income of $9.9 million for the first half of 2021, up from $6.6 million in 2020. Earnings per share rose to $2.24 from $1.51. Total assets increased to $2.023 billion, a 5% rise, while total loans grew by 3% to $1.257 billion. Total deposits also saw a 6% increase, reaching $1.664 billion. The growth is attributed to a lower provision for loan losses and higher equity portfolio appreciation.
Marquette National Corporation (OTCQX: MNAT) has announced a cash dividend of $0.27 per share, payable on October 1, 2021, to shareholders of record as of September 17, 2021. As of June 30, 2021, the company had 4,402,896 shares outstanding and total assets of approximately $2.024 billion. Marquette operates as a diversified bank holding company providing a wide range of financial services through its banking subsidiary, Marquette Bank, which has 20 branches throughout the Chicagoland area.
Marquette Bank awarded $2,500 scholarships to 61 graduating seniors from Chicagoland schools, totaling $152,500 in 2021. The scholarships are part of the Marquette Bank Education Foundation, which has given over $3.7 million to more than 1,850 students since 1968. Scholarships are based on financial need, academic achievement, and community service. Marquette Bank emphasizes its commitment to supporting education and community development as part of its Neighborhood Commitment initiative.
Marquette National Corporation (OTCQX: MNAT) will hold its annual stockholders meeting on May 13, 2021, at the Community Room of Marquette Bank's Oak Forest location. The meeting will commence at 2:00 p.m. Four Class III directors will be elected for three-year terms. Following the resignation of Michael D. Devlin on April 21, 2021, the board will have a total of 11 directors. To ensure safety amid the COVID-19 pandemic, stockholders are encouraged to vote by proxy rather than attending in person.
Marquette National Corporation (OTCQX: MNAT) reported a net income of $2.4 million for Q1 2021, recovering from a $3.9 million loss in Q1 2020. Earnings per share improved to $0.54 from a loss of $0.89 per share.
Total assets rose by 3% to $1.982 billion, with total loans up 3% to $1.264 billion and total deposits increasing 4% to $1.640 billion.
CEO Paul M. McCarthy attributes the earnings increase to lower provisions for loan losses and stronger equity portfolio performance.
Marquette National Corporation (OTCQX: MNAT) declared a cash dividend of $0.27 per share, payable on July 1, 2021, to shareholders of record as of June 18, 2021. As of March 31, 2021, the company had 4,404,584 shares outstanding and total assets of approximately $1.982 billion.
Marquette Bank, its banking subsidiary, offers a variety of financial services across 20 branches in the Chicagoland area, focusing on community banking.
Marquette Bank has expanded its Education Foundation Scholarship Program to support 61 high schools in Chicagoland, awarding $2,500 scholarships to deserving students. The program, established in 1968, aims to assist students with community service records and financial need who maintain a 'B' average. Over its history, it has disbursed approximately $3.5 million to nearly 1,800 seniors. The scholarships can be used for various higher education paths, including colleges and vocational schools.
Marquette National Corporation (MNAT) reported a net income of $23.8 million for 2020, marking a 51% increase from $15.7 million in 2019. Earnings per share rose to $5.41, a 52% increase year-over-year. The company also achieved a 17.5% return on average tangible equity, up from 13.0% in 2019. Total assets grew 15% to $1.921 billion, while total loans and deposits increased by 2% and 15%, respectively, reflecting solid performance driven by higher equity portfolio appreciation and increased mortgage banking revenue.