GlobeNewswire·Oct 21, 2026, 4:35 PM ET

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

LOAN

Manhattan Bridge Capital, Inc. reported total revenues of approximately $2,054,000 for the three months ended September 30, 2026, an increase of 0.9% compared to $2,036,000 in the same period of 2025.
Three-month revenue growth was driven by higher origination fees, partially offset by lower interest income due to reduced rates charged to borrowers amidst increased market competition.
Net income for the three months ended September 30, 2026, reached approximately $1,238,000, or $0.11 per share, representing a 3.0% increase from $1,202,000 in the prior year period.
Total revenues for the nine months ended September 30, 2026, declined by 7.5% to approximately $6,166,000 from $6,665,000 in 2025, despite increases in loan volume \& capital deployed, primarily due to lower interest rates \& fees.
Nine-month net income decreased by 8.1% to approximately $3,665,000, or $0.32 per share, from $3,988,000, or $0.35 per share, in 2025, driven by lower revenues \& higher general \& administrative expenses.
As of September 30, 2026, total shareholders' equity stood at approximately $42,789,000.
The company amended its share repurchase program on October 8, 2026, increasing the authorized limit from 100,000 to 250,000 shares \& extending the term through October 8, 2027.
Under the repurchase program, the company had bought back an aggregate of 61,185 shares totaling approximately $248,000 as of September 30, 2026.
CEO Assaf Ran noted that while the real estate market faces pressure from rising interest rates, hard money rates have remained stable due to intense competition, benefiting the company's low-leverage position.
Loans receivable net of fees were approximately $59,478,735 as of September 30, 2026, down from $60,218,841 at December 31, 2025.
The company's business model focuses on short-term secured non-banking loans to real estate investors in the New York metropolitan area \& Florida.