Manhattan Bridge Capital, Inc. Reports Results for 2023
Manhattan Bridge Capital, Inc (LOAN)
US:NASDAQ Investor Relations:
manhattanbridgecapital.com/investor_relations.html
Company Research
Source: GlobeNewswire
GREAT NECK, N.Y., March 11, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) (the “Company”) announced today that net income for the year ended December 31, 2023 was approximately $5,476,000, or $0.48 per share (based on approximately 11.5 million weighted-average outstanding common shares), versus approximately $5,212,000, or $0.45 per share (based on approximately 11.5 million weighted-average outstanding common shares) for the year ended December 31, 2022, an increase of $264,000, or 5.1%. This increase is primarily attributable to an increase in interest income from loans, partially offset by increases in interest expense and in general and administrative expenses. Total revenue for the year ended December 31, 2023 was approximately $9,796,000, compared to approximately $8,571,000 for the year ended December 31, 2022, an increase of $1,225,000, or 14.3%. The increase in revenue was due to higher interest rates charged on the Company’s commercial loans. In
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News
- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Manhattan Bridge Capital, Inc. Reports First Quarter Results for 2024 [Yahoo! Finance]Yahoo! Finance
- Manhattan Bridge Capital, Inc. Reports First Quarter Results for 2024GlobeNewswire
- Here's Why We Think Manhattan Bridge Capital (NASDAQ:LOAN) Is Well Worth Watching [Yahoo! Finance]Yahoo! Finance
- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
LOAN
Sec Filings
- 4/23/24 - Form 10-Q
- 3/11/24 - Form 10-K
- LOAN's page on the SEC website