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 (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.