GREAT NECK, N.Y., July 23, 2026 (GLOBE NEWSWIRE) — Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) (the “Company”) announced today that its total revenue for the three months ended June 30, 2026 was approximately $2,045,000 compared to approximately $2,355,000 for the same period in 2025, a decrease of approximately $310,000, or 13.2%. The decrease occurred despite increases in both the number of loans originated and the amount of capital deployed and was primarily attributable to lower interest rates and origination fees charged to borrowers as a result of increased competition in the marketplace. In addition, the Company granted approximately $85,000 of discretionary payoff and refinancing credits to certain borrowers during the quarter. These credits were provided in connection with negotiated loan payoffs and other borrower-specific business matters. For the three months ended June 30, 2026 and 2025, approximately $1,738,000 and $1,899,000, respectively, of the Company’s revenues were attributable to interest income on secured commercial loans that the Company offers to real estate investors, and approximately $307,000 and $456,000, respectively, of the Company’s revenues were attributable to origination fees on such loans. The loans are principally secured by collateral consisting of real estate and accompanied by personal guarantees from the principals of the borrowers.
Net income for the three months ended June 30, 2026 was approximately $1,153,000, or $0.10 per basic and diluted share (based on approximately 11.43 million weighted-average outstanding common shares), as compared to approximately $1,413,000, or $0.12 per basic and diluted share (based on approximately 11.44 million weighted-average outstanding common shares), for the same period in 2025, representing a decrease of approximately $260,000, or 18.4%. The decrease was primarily attributable to lower revenue, partially offset by reduced interest expense.
Total revenue for the six months ended June 30, 2026 was approximately $4,113,000 compared to approximately $4,629,000 for the same period in 2025, a decrease of approximately $516,000, or 11.1%. The decrease occurred despite increases in both the number of loans originated and the amount of capital deployed and was primarily attributable to lower interest rates and origination fees charged to borrowers as a result of increased competition in the marketplace. In addition, the Company granted approximately $91,000 of discretionary payoff and refinancing credits to certain borrowers during the six months. These credits were provided in connection with negotiated loan payoffs and other borrower-specific business matters. For the six months ended June 30, 2026 and 2025, revenues of approximately $3,437,000 and $3,733,000, respectively, were attributable to interest income on secured commercial loans that the Company offers to real estate investors, and approximately $675,000 and $896,000, respectively, were attributable to origination fees on such loans. The loans are principally secured by collateral consisting of real estate and accompanied by personal guarantees from the principals of the borrowers.
Net income for the six months ended June 30, 2026 was approximately $2,427,000, or $0.21 per basic and diluted share (based on approximately 11.43 million weighted-average outstanding common shares), as compared to approximately $2,786,000, or $0.24 per basic and diluted share (based on approximately 11.44 million weighted-average outstanding common shares), for the same period in 2025, representing a decrease of approximately $359,000, or 12.9%. The decrease was primarily attributable to lower revenue, partially offset by reduced interest expense.
As of June 30, 2026, total shareholders’ equity was approximately $42,989,000.
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On November 20, 2025, the Company’s board of directors approved a new share repurchase program authorizing the repurchase of up to 100,000 shares of its common stock over the following 12 months. As of June 30, 2026, the Company had repurchased an aggregate of 13,142 shares under the program at a total cost of approximately $59,000. Of these amounts, 6,942 shares were repurchased during the six months ended June 30, 2026 at an aggregate cost of approximately $30,000.
Assaf Ran, Chairman of the Board and Chief Executive Officer of the Company, stated, “We were very busy during the second quarter, as business activity increased. We originated more loans and deployed more capital than we did a year ago, and our pipeline continues to grow. However, competition remains intense, and as a result, we are generally charging interest rates that are 1.5% to 2.0% lower than a year ago and, in some cases, offering discounted origination fees in order to secure attractive lending opportunities.
Another event that occurred during the second quarter was that, for the first time, it appears we may need to foreclose on a loan. The properties securing the loan are located in Florida, and we currently believe that we will recover the outstanding principal and accrued interest within the next one to two years,” added Mr. Ran.
About Manhattan Bridge Capital, Inc.
Manhattan Bridge Capital, Inc. offers short-term secured, non-banking loans (sometimes referred to as ‘‘hard money’’ loans) to real estate investors to fund their acquisition, renovation, rehabilitation or development of properties located in the New York metropolitan area, including New Jersey and Connecticut, and in Florida. The Company operates the website: https://www.manhattanbridgecapital.com.
Forward-Looking Statements
This press release and statements made by the Company’s representatives in connection with this press release contain, or may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not statements of historical fact may be deemed to be forward-looking statements. Words such as “plan,” “project,” “potential,” “seek,” “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate,” and “continue,” and similar expressions, are intended to identify forward-looking statements.
Forward-looking statements in this press release include, among other things, statements regarding the Company’s loan pipeline, future lending activity, competitive conditions, interest rates and origination fees, the potential foreclosure described above, the estimated value of the underlying collateral, and the timing or amount of any recovery. Readers are cautioned that forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Actual results may differ materially from those projected, expressed or implied in such forward-looking statements as a result of various factors, including, but not limited to: (i) our loan origination activities, revenues and profits are limited by available funds; (ii) we operate in a highly competitive market and competition may limit our ability to originate loans with favorable interest rates and fees; (iii) our Chief Executive Officer is critical to our business and our future success may depend on our ability to retain him; (iv) if we overestimate the yields on our loans or the amounts recoverable through foreclosure, or incorrectly value the collateral securing our loans, we may experience losses; (v) we may be subject to “lender liability” claims; (vi) our due diligence may not uncover all of a borrower’s liabilities or other risks to its business; (vii) borrower concentration could lead to significant losses; (viii) we may choose to make distributions in our own stock, in which case shareholders may be required to pay income taxes in excess of the cash dividends they receive; and (ix) changes in interest rates may affect our profitability. The risk factors described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission, identify additional important factors that could cause actual results to differ materially from those expressed or implied in any forward-looking statements. These forward-looking statements speak only as of the date of this press release. Except as required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
MANHATTAN BRIDGE CAPITAL, INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEETS
AssetsJune 30, 2026
(unaudited)
December 31, 2025
(audited)
Loans receivable, net of deferred origination and other fees$61,772,768 $60,218,841 Interest and other fees receivable on loans 1,637,865 1,642,825 Cash 229,547 204,889 Cash – restricted 27,000 23,350 Other assets 125,809 60,742 Right-of-use asset – operating lease, net 74,819 101,226 Deferred financing costs, net 125,716 98,858 Total assets$63,993,524 $62,350,731
Liabilities and Stockholders’ Equity Liabilities: Lines of credit$19,309,466 $17,601,132 Accounts payable and accrued expenses 190,002 173,247 Operating lease liability 83,689 112,076 Loan holdback 164,598 50,000 Dividends payable 1,256,806 1,314,732 Total liabilities 21,004,561 19,251,187 Commitments and contingencies Stockholders’ equity: Preferred shares – $.01 par value; 5,000,000 shares authorized; none issued and outstanding — — Common shares – $.001 par value; 25,000,000 shares authorized; 11,757,058 issued; 11,425,509 and 11,432,451 outstanding, respectively 11,757 11,757 Additional paid-in capital 45,581,538 45,575,006 Less: Treasury shares, at cost – 331,549 and 324,607 shares, respectively (1,129,013) (1,098,964)Accumulated deficit (1,475,319) (1,388,255)Total stockholders’ equity 42,988,963 43,099,544 Total liabilities and stockholders’ equity$63,993,524 $62,350,731 MANHATTAN BRIDGE CAPITAL, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
Three Months
Ended June 30,
Six Months
Ended June 30,
2026 2025 2026 2025 Revenue:
Interest income from loans
$1,738,065
$
1,899,403
$3,437,395
$
3,733,317
Origination fees 307,138 455,833 675,452 895,632 Total revenue 2,045,203 2,355,236 4,112,847 4,628,949 Operating costs and expenses: Interest and amortization of deferred financing costs 398,960 506,250 762,208 957,615 Referral fees 1,646 1,523 5,611 1,667 General and administrative expenses 495,150 437,785 925,757 891,355 Total operating costs and expenses 895,756 945,558 1,693,576 1,850,637 Income from operations 1,149,447 1,409,678 2,419,271 2,778,312 Other income 4,500 4,500 9,000 9,000 Income before income tax expense 1,153,947 1,414,178 2,428,271 2,787,312 Income tax expense (1,300) (1,210) (1,300) (1,210)Net income$1,152,647 $1,412,968 $2,426,971 $2,786,102 Basic and diluted net income per common share outstanding: –Basic$0.10 $0.12 $0.21 $0.24 –Diluted$0.10 $0.12 $0.21 $0.24 Weighted average number of common shares outstanding: –Basic 11,427,357 11,438,651 11,429,033 11,438,651 –Diluted 11,427,357 11,438,651 11,429,033