Marquette National Q1 net loss narrows, net interest income rises 21%
MARQUETTE NATIONAL CORP MNAT | 0.00 |
Overview
US community banking firm's Q1 net loss narrowed slightly from prior year
Company's Q1 net loss driven by unrealized holding losses on equity securities
Net interest income rose 21% yr/yr, partially offsetting equity portfolio losses
Outlook
Company did not provide specific guidance or outlook for the current quarter or full year
Result Drivers
EQUITY SECURITIES LOSSES - Co said net loss was primarily due to unrealized holding losses on marketable equity securities
NET INTEREST INCOME - 21% increase in net interest income partially offset equity portfolio losses, per CEO Paul M. McCarthy
Company press release: ID:nGNX15x4Bb
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q1 EPS |
|
-$0.65 |
|
Q1 Net Income |
|
-$2.86 mln |
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