Marquette National Corporation Reports First Quarter 2024 Results
MARQUETTE NATL CORP (MNAT)
NASDAQ:AMEX Investor Relations:
snl.com/irweblinkx/depositmarketshare.aspx?iid=1021400
Company Research
Source: GlobeNewswire
CHICAGO, April 26, 2024 (GLOBE NEWSWIRE) -- Marquette National Corporation (OTCQX: MNAT) today reported net income of $8.5 million for the quarter ended March 31, 2024, compared to net income of $7.4 million for the first three months of 2023. Earnings per share for the first three months of 2024 were $1.93, as compared to income of $1.70 per share for the comparable period in 2023. At March 31, 2024, total assets were $2.163 billion, an increase of $21 million, or 1%, compared to $2.142 billion at December 31, 2023. Total loans increased by $9 million, or 1%, to $1.434 billion compared to $1.425 billion at the end of 2023. Total deposits increased by $13 million, or 1%, to $1.723 billion compared to $1.710 billion at the end of 2023. Paul M. McCarthy, Chairman & CEO, said, “the primary reason for the increase in consolidated earnings was a higher level of unrealized gains on the Company’s equity portfolio in 2024. The increase in unrealized gains on the Company’s equity portfolio
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