Earnings release
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Manhattan Bridge Capital , Inc. Reports Third Quarter Results for 2026 Date : October 21 , 2026 Source : Manhattan Bridge Capital , Inc. Contact : Assaf Ran , CEO ( 516 ) 444-3400 www.linkedin.com/in/assafran Great Neck , N.Y. , October 21 , 2026 / GLOBE Newswire - Manhattan Bridge Capital , Inc. ( Nasdaq : LOAN ) ( the " Company " ) announced today that its total revenues for the three months ended September 30 , 2026 were approximately $ 2,054,000 , compared to approximately $ 2,036,000 for the same period in 2025 , representing an increase of approximately $ 18,000 , or 0.9 % . The increase was primarily attributable to higher origination fees , partially offset by lower interest income resulting from lower interest rates charged to borrowers due to increased competition in the marketplace . For the three months ended September 30 , 2026 and 2025 , approximately $ 1,662,000 and $ 1,770,000 , respectively , of the Company's revenues were attributable to interest income on secured commercial loans offered to real estate investors , and approximately $ 392,000 and $ 265,000 , respectively , of the Company's revenues were attributable to origination fees on such loans . The loans are principally secured by real estate collateral and accompanied by personal guarantees from the principals of the borrowers . Net income for the three months ended September 30 , 2026 was approximately $ 1,238,000 , or $ 0.11 per basic and diluted share ( based on approximately 11.41 million weighted - average outstanding common shares ) , compared to approximately $ 1,202,000 , or $ 0.11 per basic and diluted share ( based on approximately 11.44 million weighted - average outstanding common shares ) , for the same period in 2025 , representing an increase of approximately $ 36,000 , or 3.0 % . The increase was primarily attributable to lower interest expense and higher origination fee income , partially offset by lower interest income and higher general and administrative expenses . Total revenues for the nine months ended September 30 , 2026 were approximately $ 6,166,000 , compared to approximately $ 6,665,000 for the same period in 2025 , representing a decrease of approximately $ 499,000 , or 7.5 % . The decrease occurred despite increases in both the number of loans originated and the amount of capital deployed and was primarily attributable to lower interest rates and origination fees charged to borrowers as a result of increased competition in the marketplace . For the nine months ended September 30 , 2026 and 2025 , approximately $ 5,099,000 and $ 5,504,000 , respectively , of the Company's revenues were attributable to interest income on secured commercial loans offered to real estate investors , and approximately $ 1,067,000 and $ 1,161,000 , respectively , were attributable to origination fees on such loans . The loans are principally secured by real estate collateral and accompanied by personal guarantees from the principals of the borrowers . Net income for the nine months ended September 30 , 2026 was approximately $ 3,665,000 , or $ 0.32 per basic and diluted share ( based on approximately 11.42 million weighted - average outstanding common shares ) , compared to approximately $ 3,988,000 , or $ 0.35 per basic and diluted share ( based on approximately 11.44 million weighted - average outstanding common shares ) , for the same period in 2025 , representing a decrease of approximately $ 323,000 , or 8.1 % . The decrease was primarily attributable to lower revenues and higher general and administrative expenses , partially offset by lower interest expense . As of September 30 , 2026 , total shareholders ' equity was approximately $ 42,789,000 . On November 20 , 2025 , the Company's board of directors authorized a share repurchase program authorizing the repurchase of up to 100,000 shares of the Company's common stock in the next twelve months . As of September 30 , 2026 , the Company had repurchased an aggregate of 61,185 shares under the program at a total cost of approximately $ 248,000 . Of these amounts , 54,985 shares were repurchased during the nine months ended September 30 , 2026 at an aggregate cost of approximately $ 219,000 .