Manhattan Bridge Capital Q2 net income drops 18.4% to $1.15 million; revenue falls 13.2% to $2.05 million

Reuters2026/07/23 20:56

By:Reuters

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Manhattan Bridge Capital posted Q2 net income of USD 1.15 million, down 18.4% from a year earlier.
Revenue fell 13.2% to USD 2.05 million, due to lower interest rates and origination fees amid increased competition.
Interest and amortization of deferred financing costs dropped 21.1% to USD 399,000 on lower average borrowings and lower SOFR rates.
General and administrative expenses climbed 13.0% to USD 495,000, reflecting higher payroll, legal, bank, appraisal, and travel costs.
A Florida borrower with USD 935,000 outstanding became delinquent; management recorded no credit-loss allowance, citing collateral value above principal.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Manhattan Bridge Capital Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-034411), on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Manhattan Bridge Capital Q2 net income drops 18.4% to $1.15 million; revenue falls 13.2% to $2.05 million

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