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][9] Financial Performance - Total assets as of September 30, 2025, were $2.25 billion, reflecting a 2% increase from $2.21 billion at the end of 2024 [2][7] - Total loans increased by $34 million to $1.44 billion, while total deposits rose by $36 million, or 2%, to $1.78 billion compared to the end of 2024 [2][7] - Net interest income for the first nine months of 2025 was $38.5 million, a 15% increase from $33.5 million in 2024 [9] - Realized securities gains increased significantly to $10 million, up 313% from $2.4 million in the previous year [9] - The provision for credit losses decreased by 70% to $675,000 from $2.25 million in 2024 [9] Equity and Book Value - Tangible book value per share increased by $3.79 during the first nine months of 2025, reaching $35.44, a 12% increase from $31.65 [3][8] - Total stockholders' equity rose by 10% to $190.8 million from $173.6 million at the end of 2024 [7][8] Other Financial Metrics - Cash dividends declared per share increased by 11% to $0.93 from $0.84 in 2024 [9] - Comprehensive income for the first nine months of 2025 was $20.8 million, down 6% from $22.2 million in 2024 [9]
Marquette National Corporation Reports Third Quarter 2025 Results
The Manila Times·2025-10-29 09:06