Marquette National Corporation Reports Second Quarter 2025 Results

Core Insights - Marquette National Corporation reported a significant decrease in net income for the first half of 2025, totaling $6.6 million compared to $13.2 million in the same period of 2024, resulting in earnings per share dropping from $3.02 to $1.52 [1][10] Financial Performance - Year-to-date net income for 2025 was $6.6 million, a 50% decrease from $13.2 million in 2024 [1][10] - Earnings per share for the first six months of 2025 were $1.52, down 50% from $3.02 in the comparable period of 2024 [1][10] - Net interest income increased by 10% to $25.0 million from $22.5 million in 2024 [9] - Provision for credit losses decreased by 67% to $619,000 from $1.9 million in 2024 [9] - Realized securities gains increased significantly to $10.0 million from $1.3 million in 2024 [9] - Unrealized holding losses on equity securities were reported at $(4.8) million compared to gains of $16.3 million in 2024 [9] Balance Sheet Highlights - Total assets as of June 30, 2025, were $2.23 billion, reflecting a 1% increase from $2.21 billion at the end of 2024 [2][8] - Total loans increased by $32 million to $1.44 billion, a 2% rise from $1.41 billion at the end of 2024 [2][8] - Total deposits rose by $20 million, or 1%, to $1.76 billion compared to $1.74 billion at the end of 2024 [2][8] - Total stockholders' equity increased by 7% to $185.3 million from $173.6 million at the end of 2024 [8] - Tangible book value per share increased by 8% to $34.34 from $31.65 [8] Management Commentary - The decrease in consolidated earnings was primarily attributed to lower unrealized gains on the equity portfolio, which was partially offset by increased realized gains and net interest income [3]