Manhattan Bridge Capital, Inc. Reports Third Quarter 2025 Results

Core Insights - Manhattan Bridge Capital, Inc. reported a net income of approximately $1,202,000 for Q3 2025, a decrease of 14.1% from $1,399,000 in Q3 2024, primarily due to reduced revenue [1][2] - Total revenues for Q3 2025 were approximately $2,036,000, down 12.0% from $2,313,000 in Q3 2024, mainly driven by lower interest income and reduced origination fees [2][4] - For the nine months ended September 30, 2025, net income was approximately $3,988,000, a decrease of 6.9% from $4,285,000 in the same period of 2024 [3][4] Financial Performance - Q3 2025 net income per share was $0.11, compared to $0.12 in Q3 2024 [1][3] - Total revenues for the nine months ended September 30, 2025, were approximately $6,665,000, down 9.1% from $7,330,000 in the same period of 2024 [4] - Interest income from loans for Q3 2025 was approximately $1,770,000, compared to $1,953,000 in Q3 2024 [2][14] Revenue Breakdown - Interest income on secured commercial loans accounted for approximately $1,770,000 in Q3 2025, down from $1,953,000 in Q3 2024 [2][14] - Origination fees for Q3 2025 were approximately $265,000, compared to $360,000 in Q3 2024 [2][14] - For the nine months ended September 30, 2025, interest income was approximately $5,504,000, down from $6,128,000 in the same period of 2024 [4][14] Operational Insights - As of September 30, 2025, total stockholders' equity was approximately $43,317,000 [5] - The company continues to focus on deploying available funds into safe and secure loans despite challenges in the real estate market [6][7] - The company offers short-term secured loans primarily to real estate investors in the New York metropolitan area and Florida [7]