Manhattan Bridge Capital, Inc. (LOAN) reported first‑quarter 2026 results, showing a 7.2% drop in net income to $1.274 million, or $0.11 per share, compared with $1.373 million ($0.12 per share) in the same quarter of 2025. The decline reflects a 9.1% fall in total revenue to $2.068 million from $2.274 million year‑over‑year, driven by lower interest income and a slowdown in loan originations in the New York and Florida markets.
The earnings miss of $0.01 per share versus the consensus estimate of $0.12 per share highlights the impact of higher borrowing costs and a tighter real‑estate environment on the company’s short‑term, secured lending model. Management attributed the weaker results to softer origination activity while emphasizing continued focus on disciplined lending and selective portfolio growth.
Manhattan Bridge Capital remains a business‑development company that provides short‑term, secured loans to real‑estate investors, primarily in the New York metropolitan area and Florida. The company declared a quarterly dividend of $0.11 per share, yielding 9.5% and a payout ratio of 97.78%. A share‑repurchase program authorized for up to 100,000 shares has been modestly utilized during the quarter.
While the company’s revenue and net income fell year‑over‑year, the decline is largely attributable to a 9.1% drop in interest income and a reduction in origination fees as loan volume slowed. The company’s focus on disciplined underwriting and risk management remains unchanged, and management signals confidence that market demand for small real‑estate loans will persist, albeit at a slower pace.
The results underscore ongoing market headwinds for Manhattan Bridge Capital’s business model, but the company’s high dividend yield and strong payout ratio suggest it continues to prioritize shareholder returns even amid earnings pressure.
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