Manhattan Bridge Capital Financial Overview
Manhattan Bridge Capital, Inc. (NASDAQ: LOAN), headquartered in Great Neck, N.Y., recently published its financial results for the second quarter. This report outlines their revenue streams and net earnings, providing insights into their ongoing business strategies.
Revenue Performance
In the quarter ending June 30, 2025, total revenues reached approximately $2,355,000, a decline from $2,443,000 during the same period last year. This drop of $88,000, or 3.6%, is primarily linked to reduced interest income due to a decrease in loans receivable. Despite this challenge, they experienced a rise in origination fees, which partially mitigated losses.
Interest Income Breakdown
The company attributed $1,899,000 and $2,033,000 of their revenues from interest income generated from secured commercial loans for 2025 and 2024, respectively. Furthermore, origination fees provided a significant contribution, amounting to $456,000 in 2025 compared to $411,000 in 2024.
Net Income Insights
Net income for the quarter was reported at around $1,413,000, translating to $0.12 per share, which remained consistent with the previous year. This slight increase of $4,000 reflects the company's ability to maintain earnings amidst fluctuating revenue.
Half-Year Financial Performance
For the first six months of the fiscal year, total revenues were approximately $4,629,000, down from $5,016,000 for the same interval last year, marking a decrease of $387,000, or 7.7%. Similar to quarter results, this decline is attributed to lower interest income.
Six-Month Revenue Breakdown
The breakdown of revenue sources for the first half indicates that interest income from secured commercial loans totaled approximately $3,733,000 for this year compared to $4,175,000 last year, alongside origination fees of $896,000 as opposed to $841,000 last year.
Shareholders' Equity
As of June 30, 2025, the company reported total shareholders' equity of approximately $43,427,000. This highlights the company’s stable financial position despite revenue fluctuations.
Management's Perspective
Assaf Ran, the Chairman and CEO, addressed the challenges posed by current interest rates affecting the real estate market, leading to an extended loan closing process compared to their usual timeframe. Nonetheless, he emphasized the company’s commitment to delivering steady earnings.
Company Overview
Manhattan Bridge Capital, Inc. is recognized for providing short-term, secured, non-banking loans, commonly referred to as “hard money” loans, primarily serving real estate investors in the New York metropolitan area and currently expanding into Florida. Their website offers additional information about their services and financial products.
Frequently Asked Questions
What was the total revenue for Manhattan Bridge Capital in Q2 2025?
The total revenue reported was approximately $2,355,000, a decrease from the previous year.
How did net income change from 2024 to 2025?
Net income remained stable at approximately $1,413,000 with earnings of $0.12 per share in both years.
What were the sources of revenue for Manhattan Bridge Capital?
The revenue sources primarily included interest income from secured loans and origination fees.
How much is the shareholders' equity as of June 30, 2025?
The total shareholders' equity was reported at approximately $43,427,000.
What is the primary business focus of Manhattan Bridge Capital?
Manhattan Bridge Capital specializes in providing short-term secured loans for real estate properties.
