MARKET WIRE NEWS

Marquette National Corporation Reports 2025 Annual Results

MWN-AI** Summary

Marquette National Corporation (OTCQX: MNAT) announced its annual results for 2025 on March 3, 2026, revealing a net income of $13.2 million, a decline from the $17.1 million reported for 2024. Earnings per share similarly dropped to $3.01 from $3.91 year-over-year. Despite the decrease in income, the company saw a slight increase in total assets, rising 1% to $2.22 billion, with total loans and total deposits also showing minor gains. Loans increased by $7 million, reaching $1.412 billion, while deposits grew by $34 million to $1.77 billion.

Chairman and CEO Paul M. McCarthy attributed the decline in earnings primarily to reduced unrealized gains in the company's marketable equity securities portfolio. However, this was partially offset by higher realized gains and an increase in net interest income. Notably, other comprehensive income positively impacted the tangible book value per share, which surged by $4.64 during the year.

Marquette National Corporation, a diversified financial holding company and parent of Marquette Bank, serves multiple communities across Chicagoland with several branches. The bank's solid balance sheet reflects healthy growth in its asset and deposit base, despite the challenges faced in the equity markets.

Additionally, the company reported an increase in cash dividends declared per share by 11%, highlighting a commitment to returning value to shareholders amid fluctuating earnings. The annual report also included forward-looking statements, cautioning investors about various risks that could impact future performance, including economic conditions, regulatory changes, and competition in the financial sector.

MWN-AI** Analysis

Marquette National Corporation (OTCQX: MNAT) has reported its annual results for 2025, showcasing a mixed performance that warrants careful consideration from investors. The notable decline in net income, which fell by 23% from $17.1 million in 2024 to $13.2 million in 2025, primarily stemmed from significant unrealized losses in the company’s marketable equity securities portfolio. Although realized gains partly offset this downturn, the drop in earnings per share from $3.91 to $3.01 raises concerns about the bank's profitability trajectory.

Despite these challenges, there are encouraging signs within the report. Total assets have modestly increased by 1% to $2.22 billion, indicating stability in the company’s asset base. Furthermore, total deposits grew by $34 million, or 2%, reflecting ongoing trust and reliance from the community served by Marquette Bank. The increase in net interest income, up 17% from the previous year, is another positive indicator that suggests effective management of interest rate risks.

Another highlight is the significant increase in tangible book value per share, which rose by 15% to $36.29, underscoring a healthier capital base. This metric can be important for investors focused on long-term value.

Looking ahead, potential investors should consider the competitive landscape highlighted by the CEO's statement, which identified pressures from fintech and alternative banking services. The anticipated macroeconomic factors such as inflation and changing regulations could pose risks but also present opportunities, particularly in evolving banking technologies and services.

In summary, while 2025 has seen some setbacks for Marquette National Corporation, the firm remains resilient with a solid foundation for future growth. Investors might approach this stock with cautious optimism, focusing on the bank’s adaptability to market changes and its continued community engagement as it navigates the evolving financial landscape.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: GlobeNewswire

CHICAGO, March 03, 2026 (GLOBE NEWSWIRE) -- Marquette National Corporation (OTCQX: MNAT) today reported net income of $13.2 million for the year ended December 31, 2025, compared to net income of $17.1 million for the year ended December 31, 2024. The Company recorded earnings per share of $3.01 for 2025 as compared to earnings of $3.91 per share for the year ended December 31, 2024.

At December 31, 2025, total assets were $2.22 billion, an increase of $17 million, or 1%, compared to $2.21 billion at December 31, 2024. Total loans increased by $7 million to $1.412 billion compared to $1.405 billion at the end of 2024. Total deposits increased by $34 million, or 2%, to $1.77 billion compared to $1.74 billion at the end of 2024.

Paul M. McCarthy, Chairman & CEO, said, “the primary reason for the decrease in consolidated earnings was a lower level of unrealized gains on the Company’s marketable equity securities portfolio in 2025. The decrease in unrealized gains on the Company’s marketable equity securities portfolio was partially offset by an increase in realized gains on the Company’s marketable equity securities portfolio and an increase in net interest income. Other comprehensive income was positive for 2025 and helped deliver an increase to tangible book value per share in 2025. Tangible book value per share increased by $4.64 during 2025.”

Marquette National Corporation is a diversified financial holding company and the parent of Marquette Bank, a full-service, community bank that serves the financial needs of communities in Chicagoland. The Bank has branches located in: Chicago, Bolingbrook, Bridgeview, Evergreen Park, Hickory Hills, Lemont, New Lenox, Oak Forest, Oak Lawn, Orland Park, Summit and Tinley Park, Illinois.

Special Note Concerning Forward-Looking Statements
This document contains, and future oral and written statements of the Company and its management may contain, forward-looking statements with respect to the financial condition, results of operations, plans, objectives, future performance and business of the Company. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of the Company’s management and on information currently available to management, are generally identifiable by the use of words such as “believe,” “expect,” “anticipate,” “bode”, “predict,” “suggest,” “project”, “appear,” “plan,” “intend,” “estimate,” ”annualize,” “may,” “will,” “would,” “could,” “should,” “likely,” “might,” “potential,” “continue,” “annualized,” “target,” “outlook,” as well as the negative forms of those words, or other similar expressions. Additionally, all statements in this document, including forward-looking statements, speak only as of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events. A number of factors, many of which are beyond the ability of the Company to control or predict, could cause actual results to differ materially from those in its forward-looking statements. These factors include, but are not limited to: (i) the strength of the local, state, national and international economies and financial markets (including effects of inflationary pressures); (ii) effects on the U.S. economy resulting from actions taken by the federal government, including the threat or implementation of tariffs, immigration enforcement, and changes in foreign policy and tax regulations; (iii) the economic impact of any future terrorist threats and attacks, widespread disease or pandemics, military conflicts, acts of war or threats thereof (including the Russian invasion of Ukraine, ongoing conflicts in the Middle East and the recent military actions in Venezuela), or other adverse events that could cause economic deterioration or instability in credit markets, and the response of the local, state and national governments to any such adverse external events; (iv) new or revised accounting policies and practices, as may be adopted by state and federal regulatory agencies, the Financial Accounting Standards Board or the Public Company Accounting Oversight Board; (v) changes in local, state and federal laws, regulations and governmental policies concerning the Company’s general business; (vi) the imposition of tariffs or other governmental policies impacting the value of products produced by the Company’s commercial borrowers; (vii) increased competition in the financial services sector, including from non-bank competitors such as credit unions and fintech companies, and the inability to attract new customers; (viii) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (ix) unexpected results of acquisitions which may include failure to realize the anticipated benefits of the acquisitions and the possibility that transaction costs may be greater than anticipated; (x) the loss of key executives and employees, talent shortages and employee turnover; (xi) changes in consumer spending; (xii) unexpected outcomes and costs of existing or new litigation or other legal proceedings and regulatory actions involving the Company; (xiii) the economic impact on the Company and its customers of climate change, natural disasters and exceptional weather occurrences such as tornadoes, floods and blizzards; (xiv) fluctuations in the value of securities held in our securities portfolio, including as a result of changes in interest rates; (xv) credit risk and risks from concentrations (by type of borrower, geographic area, collateral and industry) within our loan portfolio and large loans to certain borrowers (including CRE loans); (xvi) the overall health of the local and national real estate market; (xvii) the ability to maintain an adequate level of allowance for credit losses on loans; (xviii) the concentration of large deposits from certain clients who have balances above current FDIC insurance limits and who may withdraw deposits to diversify their exposure; (xix) the ability to successfully manage liquidity risk, which may increase dependence on non-core funding sources such as brokered deposits, and may negatively impact the Company’s cost of funds; (xx) the level of non-performing assets on our balance sheets; (xxi) interruptions involving our information technology and communications systems or third-party servicers; (xxii) the occurrence of fraudulent activity, breaches or failures of our third-party vendors’ information security controls or cybersecurity-related incidents, including as a result of sophisticated attacks using artificial intelligence and similar tools or as a result of insider fraud; (xxiii) changes in the interest rates and repayment rates of the Company’s assets; (xxiv) the effectiveness of the Company’s risk management framework, and (xxv) the ability of the Company to manage the risks associated with the foregoing as well as anticipated. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.

Marquette National Corporation and Subsidiary
Financial Highlights
(Unaudited)
(in thousands, except share and per share data)
         
         
Balance Sheet      
    12/31/25 12/31/24 Percent
Change
         
 Total assets $2,224,771  $2,207,663 1%
 Total loans, net  1,398,388   1,390,799 1%
 Total deposits  1,773,612   1,739,799 2%
 Total stockholders' equity 194,603   173,579 12%
       
 Shares outstanding 4,388,532   4,367,477 0%
 Book value per share$44.34  $39.74 12%
 Tangible book value per share$36.29  $31.65 15%
       
       
Operating Results      
  Year Ended December 31, Percent
Change
   2025   2024  
 Net interest income$52,563  $45,032 17%
 Provision for credit losses 45   3,700 -99%
 Realized marketable equity securities gains, net 11,386   1,947 485%
 Unrealized holding gains (losses) on marketable equity securities (2,711)  20,416 -113%
 Other income 15,731   16,132 -2%
 Other expense 59,233   56,850 4%
 Income tax expense 4,508   5,848 -23%
 
Net income
 13,183   17,129 -23%
       
 Basic and fully diluted earnings per share$3.01  $3.91 -23%
 Weighted average shares outstanding 4,376,199   4,376,610 0%
       
 Cash dividends declared per share$1.24  $1.12 11%
       
 Comprehensive income$25,865  $19,858 30%
        

For more information:
Patrick Hunt
SEVP / CFO
708-364-9019
phunt@emarquettebank.com


FAQ**

How does Marquette National Corp. MNAT plan to address the significant decrease in unrealized gains on their marketable equity securities portfolio moving forward?

Marquette National Corp. MNAT plans to address the significant decrease in unrealized gains on their marketable equity securities portfolio by implementing a diversified investment strategy, focusing on risk management, and actively monitoring market trends to optimize returns.

Given the increase in net interest income reported by Marquette National Corp. MNAT, what strategies are in place to sustain this growth in the face of potential economic challenges?

Marquette National Corp. MNAT plans to sustain its net interest income growth through strategies such as diversifying its lending portfolio, optimizing asset-liability management, enhancing customer relationships, and continuously monitoring market conditions to adapt its approach.

With total assets increasing by only 1% for Marquette National Corp. MNAT, what initiatives are being prioritized to accelerate asset growth in the coming years?

Marquette National Corp. is prioritizing strategic partnerships, enhancing digital banking services, and expanding its lending portfolio to drive accelerated asset growth in the coming years.

As Marquette National Corp. MNAT faces increased competition in the financial services sector, what measures are being implemented to attract new customers and retain existing ones?

Marquette National Corp. MNAT is enhancing customer offerings through improved digital banking services, personalized financial solutions, competitive interest rates, and targeted marketing campaigns to attract new customers while focusing on customer service excellence to retain existing ones.

**MWN-AI FAQ is based on asking OpenAI questions about Marquette National Corp. (OTC: MNAT).

Marquette National Corp.

NASDAQ: MNAT

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