Last $3.87 USD
Change Today +0.22 / 6.03%
Volume 55.8K
LOAN On Other Exchanges
Symbol
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NASDAQ CM
As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

manhattan bridge capital inc (LOAN) Key Developments

Manhattan Bridge Capital, Inc. Announces Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Manhattan Bridge Capital, Inc. announced consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $765,720,000 compared with $585,038,000 for the same period a year ago. Income from operations was $417,841,000 compared with $293,034,000 for the same period a year ago. Income before income tax was $424,728,000 compared with $299,921,000 for the same period a year ago. Net income was $429,019,000 or $0.08 per diluted share compared with $193,921,000 or $0.05 per diluted share for the same period a year ago. The increase in revenue represents an increase in lending operations. For the three month periods ended September 30, 2014 and 2013, approximately $632,000 and $479,000, respectively, of its revenues were attributable to interest income on the secured commercial loans that it offer to small businesses, and approximately $134,000 and $106,000, respectively, of its revenues were attributable to origination fees on such loans. The increase in net income was mainly due to an increase in operating income as a result of increased lending activity and no income tax accrual for 2014 tax year as a result of the Company's intention to elect REIT status. For the nine months, the company reported total revenues of $2,004,713,000 compared with $1,673,195,000 for the same period a year ago. Income from operations was $1,065,312,000 compared with $798,330,000 for the same period a year ago. Income before income tax was $1,085,973,000 compared with $818,991,000 for the same period a year ago. Net income was $1,058,264,000 or $0.22 per diluted share compared with $524,991,000 or $0.12 per diluted share for the same period a year ago. Net cash provided by operating activities was $782,778,000 compared with $546,267,000 for the same period a year ago. The increase in revenue represents an increase in lending operations.

Manhattan Bridge Capital, Inc., Q3 2014 Earnings Call, Oct 30, 2014

Manhattan Bridge Capital, Inc., Q3 2014 Earnings Call, Oct 30, 2014

Manhattan Bridge Capital, Inc. to Report Q3, 2014 Results on Oct 30, 2014

Manhattan Bridge Capital, Inc. announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Oct 30, 2014

Manhattan Bridge Capital, Inc. Presents at 2(nd) Annual Institutional Investor Best Ideas Conference, Oct-08-2014

Manhattan Bridge Capital, Inc. Presents at 2(nd) Annual Institutional Investor Best Ideas Conference, Oct-08-2014 . Venue: New York, New York, United States. Speakers: Assaf Ran, Founder, Chairman, Chief Executive Officer and President.

Manhattan Bridge Capital, Inc. Announces Payment of Quarterly Dividend on October 15, 2014

Manhattan Bridge Capital, Inc. announced that in accordance with the dividend program that was announced on June 9, 2014, a cash dividend of $0.07 per share will be paid to all shareholders of record on October 10, 2014 with pay date on October 15, 2014.

 

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