Marquette National Corporation Reports Third Quarter 2025 Results

Core Insights - Marquette National Corporation reported a year-to-date net income of $10.3 million for the first nine months of 2025, a decrease from $14.2 million in the same period of 2024, resulting in earnings per share of $2.37 compared to $3.25 in 2024 [1][10] Financial Performance - Total assets as of September 30, 2025, were $2.25 billion, reflecting an increase of $41 million, or 2%, from $2.21 billion at the end of 2024 [2][8] - Total loans rose by $34 million to $1.44 billion compared to $1.41 billion at the end of 2024 [2][8] - Total deposits increased by $36 million, or 2%, to $1.78 billion from $1.74 billion at the end of 2024 [2][8] Earnings Analysis - The decrease in consolidated earnings was primarily attributed to a lower level of unrealized gains on the equity portfolio in 2025, which was partially offset by an increase in realized gains and net interest income [3] - Net interest income for the first nine months of 2025 was $38.5 million, up 15% from $33.5 million in 2024 [9] - The provision for credit losses decreased by 70% to $675,000 from $2.25 million in 2024 [9] - Realized securities gains increased significantly by 313% to $10 million compared to $2.4 million in 2024 [9] Comprehensive Income and Equity - Other comprehensive income was positive for the first nine months of 2025, contributing to an increase in tangible book value per share, which rose by $3.79 during this period [3] - Tangible book value per share increased to $35.44, a 12% rise from $31.65 in 2024 [8] - Total stockholders' equity increased by 10% to $190.8 million from $173.6 million at the end of 2024 [8]