Quarterly ResultApr 16, 2026, 07:06 AM
Manhattan Bridge Q1 Net Income Falls 7.2% to $1.27M
AI Summary
Manhattan Bridge Capital reported a net income of approximately $1.27 million, or $0.11 per share, for Q1 2026, a 7.2% decrease from $1.37 million in Q1 2025. Total revenues also declined by 9.1% to $2.07 million, primarily due to lower interest income from reduced loans receivable and decreased origination fees. The company noted an encouraging level of loan pay-offs and new deployments in the real estate markets, but acknowledged potential impacts from geopolitical events.
Key Highlights
- Q1 2026 net income decreased 7.2% to $1.27 million ($0.11/share).
- Q1 2026 total revenues fell 9.1% to $2.07 million.
- Decrease driven by lower interest income and origination fees.
- Repurchased 9,300 shares for $42,000 under buyback program.
- CEO noted stronger real estate markets and loan activity.