GlobeNewswire·Jul 23, 2026, 4:35 PM ET

Manhattan Bridge Capital, Inc. Reports Second Quarter Results for 2026

LOAN

Manhattan Bridge Capital reported total revenue of approximately $2,045,000 for the three months ended June 30, 2026, a 13.2% decrease from $2,355,000 in the same period of 2025.
The revenue decline was primarily driven by lower interest rates and origination fees due to increased marketplace competition, despite an increase in the number of loans originated and capital deployed.
The company granted approximately $85,000 in discretionary payoff and refinancing credits to borrowers during the second quarter of 2026.
Net income for the three months ended June 30, 2026, was approximately $1,153,000, or $0.10 per share, down from $1,413,000, or $0.12 per share, in 2025.
Total revenue for the six months ended June 30, 2026, was approximately $4,113,000, an 11.1% decrease from $4,629,000 in the prior year period.
Net income for the six months ended June 30, 2026, was approximately $2,427,000, or $0.21 per share, compared to $2,786,000, or $0.24 per share, in 2025.
As of June 30, 2026, total shareholders' equity stood at approximately $42,989,000.
Under a share repurchase program approved in November 2025, the company had repurchased 13,142 shares at a total cost of approximately $59,000 as of June 30, 2026.
CEO Assaf Ran noted that interest rates charged are currently 1.5% to 2.0% lower than a year ago, & the company may need to foreclose on a Florida loan, with an expected recovery within one to two years.
Consolidated balance sheets show total assets of $63,993,524, with loans receivable net of fees at $61,772,768.
Cash provided by operating activities for the six months ended June 30, 2026, was approximately $2,691,773.