Marquette National Corporation Reports First Quarter 2025 Results

Financial Performance - Marquette National Corporation reported a net loss of $2.9 million for Q1 2025, a significant decline from a net income of $8.5 million in Q1 2024, resulting in a loss per share of $(0.67) compared to earnings of $1.93 per share in the same period last year [1][10]. - The decrease in consolidated earnings was primarily attributed to lower unrealized gains on the equity portfolio, although this was partially offset by an increase in net interest income, which rose by 10% to $12.1 million from $11.0 million in the previous year [3][10]. Balance Sheet Highlights - As of March 31, 2025, total assets increased to $2.217 billion, up by $9.6 million from $2.208 billion at the end of 2024 [2][9]. - Total loans rose by $4.6 million to $1.410 billion, while total deposits increased by $10.3 million, or 1%, to $1.750 billion compared to the end of 2024 [2][9]. Equity and Book Value - Total stockholders' equity stood at $174.2 million, with a book value per share of $39.89, reflecting a slight increase from $39.74 at the end of 2024 [9]. - Tangible book value per share also saw a minor increase to $31.80 from $31.65 [9]. Other Income and Expenses - Other income decreased by 16% to $3.7 million, while other expenses increased by 2% to $14.1 million [10]. - The provision for credit losses rose by 64% to $328,000, indicating a cautious approach to potential credit risks [10]. Company Overview - Marquette National Corporation operates as a diversified financial holding company and is the parent of Marquette Bank, which serves various communities in the Chicagoland area [3].