Manhattan Bridge Capital (LOAN) Q4 2025 earnings summary

Executive summary

• Net income for 2025 was $5.11 million ($0.45 per share), down 8.6% year-over-year due to lower interest income, partially offset by reduced interest expense.

• Total revenue declined 10.6% to $8.67 million, reflecting decreased loan originations and lower interest income.

• The company maintained a conservative lending approach amid heightened market risks and uncertainty in 2025.

Financial highlights

• Interest income from loans was $7.18 million in 2025, down from $8.05 million in 2024.

• Origination fees totaled $1.49 million, compared to $1.64 million the prior year.

• Operating costs and expenses decreased 13.2% to $3.57 million, mainly due to lower interest expense.

• Shareholders' equity stood at $43.1 million at year-end 2025, slightly down from $43.27 million in 2024.

Outlook and guidance

• Management observed market stabilization and a return to normal risk levels in early 2026, after a cautious 2025.

• Forward-looking statements caution about risks from funding limitations, competition, interest rates, and management retention.