Marquette National Q1 net loss narrows, net interest income rises 21%

MARQUETTE NATIONAL CORP

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


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.