{"id":304231,"date":"2026-07-23T22:43:14","date_gmt":"2026-07-23T22:43:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/304231\/"},"modified":"2026-07-23T22:43:14","modified_gmt":"2026-07-23T22:43:14","slug":"manhattan-bridge-capital-q2-earnings-revenue-down-13-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/304231\/","title":{"rendered":"Manhattan Bridge Capital Q2 Earnings: Revenue Down 13.2%"},"content":{"rendered":"<p>&#13;<br \/>\n    &#13;<br \/>\n&#13;<\/p>\n<p>Manhattan Bridge Capital (Nasdaq: LOAN) reported second quarter 2026 total revenue of approximately $2.05 million, down 13.2% from $2.36 million in 2025, as lower interest rates and origination fees, plus about $85,000 of discretionary borrower credits, offset higher loan origination volume. Net income for the quarter was about $1.15 million, or $0.10 per basic and diluted share, versus $1.41 million, or $0.12, a decline of 18.4%, primarily due to reduced revenue, partially offset by lower interest expense.<\/p>\n<p>For the first six months of 2026, revenue was roughly $4.11 million, down 11.1%, and net income was about $2.43 million, or $0.21 per share, down 12.9% year over year. According to Manhattan Bridge Capital, loans receivable rose to about $61.8 million at June 30, 2026, shareholders\u2019 equity was approximately $43.0 million, and the company continued dividends and modest share repurchases under a 100,000\u2011share buyback authorization. Management also noted it may need to foreclose on a Florida loan but currently expects to recover outstanding principal and accrued interest within one to two years.<\/p>\n<p>\n            Loading&#8230;\n          <\/p>\n<p>          Loading translation&#8230;<\/p>\n<p>          Positive<\/p>\n<p>                    Q2 2026 net income $1.15 million, EPS $0.10<\/p>\n<p>                    Six\u2011month 2026 net income $2.43 million, EPS $0.21<\/p>\n<p>                    Loans receivable grew to $61.77 million from $60.22 million since year\u2011end 2025<\/p>\n<p>                    Interest and financing costs down to $0.40 million in Q2 from $0.51 million<\/p>\n<p>                    Operating cash flow of $2.69 million for six months ended June 30, 2026<\/p>\n<p>                    Shareholders\u2019 equity remained high at about $42.99 million<\/p>\n<p>          Negative<\/p>\n<p>                    Q2 2026 revenue down 13.2% year over year to $2.05 million<\/p>\n<p>                    Q2 2026 net income down 18.4% year over year to $1.15 million<\/p>\n<p>                    Six\u2011month 2026 revenue down 11.1% to $4.11 million<\/p>\n<p>                    Six\u2011month 2026 net income down 12.9% to $2.43 million<\/p>\n<p>                    Origination fees declined to $0.31 million in Q2 from $0.46 million<\/p>\n<p>                    First potential foreclosure disclosed on a Florida loan, with recovery expected over 1\u20132 years<\/p>\n<p>For the quarter ended June 30, 2026, Manhattan Bridge Capital reported a balance sheet showing $19,309,466 of lines of credit, $229,547 of cash, and $61,772,768 of loans receivable, adding a current view of a lending business funded partly through credit lines rather than cash alone.<\/p>\n<p class=\"context-narrative-text\">\n      LOAN\u2019s earnings-tagged history averaged -1.03% across five events, adding context to another period of lower revenue and income. The platform record highlights recurring earnings pressure; monitor competition, pricing, and the disclosed Florida foreclosure matter.\n    <\/p>\n<p>\n        Q2 revenue<br \/>\n        $2,045,000 vs. $2,355,000<\/p>\n<p>        Three months ended June 30, 2026 vs. 2025; down 13.2%<\/p>\n<p>\n        Q2 net income<br \/>\n        $1,153,000 vs. $1,413,000<\/p>\n<p>        Three months ended June 30, 2026 vs. 2025; down 18.4%<\/p>\n<p>\n        Q2 EPS<br \/>\n        $0.10 vs. $0.12<\/p>\n<p>        Basic and diluted earnings per share for the three months ended June 30<\/p>\n<p>\n        Six-month revenue<br \/>\n        $4,113,000 vs. $4,629,000<\/p>\n<p>        Six months ended June 30, 2026 vs. 2025; down 11.1%<\/p>\n<p>\n        Six-month net income<br \/>\n        $2,427,000 vs. $2,786,000<\/p>\n<p>        Six months ended June 30, 2026 vs. 2025; down 12.9%<\/p>\n<p>\n        Payoff credits<br \/>\n        $85,000<\/p>\n<p>        Discretionary payoff and refinancing credits granted during Q2 2026<\/p>\n<p>\n        Share repurchases<br \/>\n        13,142 shares<\/p>\n<p>        Aggregate repurchases under the 100,000-share program as of June 30, 2026<\/p>\n<p>\n        Interest-rate reduction<br \/>\n        1.5% to 2.0% lower<\/p>\n<p>        Interest rates charged to borrowers versus a year earlier<\/p>\n<p>            Date<br \/>\n            Event<br \/>\n            Sentiment<br \/>\n            24h Move<br \/>\n            Catalyst<\/p>\n<p>            Apr 16<\/p>\n<p>                <a href=\"https:\/\/www.stocktitan.net\/news\/LOAN\/manhattan-bridge-capital-inc-reports-first-quarter-results-for-q1hpchqtfeyy.html\" rel=\"nofollow noopener\" target=\"_blank\">Q1 earnings report<\/a><\/p>\n<p>              Negative<\/p>\n<p>              +0.0%<\/p>\n<p>              Revenue and net income declined year over year; shares were unchanged over 24 hours.<\/p>\n<p>            Oct 24<\/p>\n<p>                <a href=\"https:\/\/www.stocktitan.net\/news\/LOAN\/manhattan-bridge-capital-inc-reports-third-quarter-2025-aqfi3rlbuq87.html\" rel=\"nofollow noopener\" target=\"_blank\">Q3 earnings report<\/a><\/p>\n<p>              Negative<\/p>\n<p>              -2.7%<\/p>\n<p>              Lower quarterly revenue and net income accompanied a 2.66% negative price reaction.<\/p>\n<p>            Jul 22<\/p>\n<p>                <a href=\"https:\/\/www.stocktitan.net\/news\/LOAN\/manhattan-bridge-capital-inc-reports-second-quarter-results-for-fl4au0zwfeqb.html\" rel=\"nofollow noopener\" target=\"_blank\">Q2 earnings report<\/a><\/p>\n<p>              Negative<\/p>\n<p>              -3.3%<\/p>\n<p>              Revenue declined despite slightly higher net income; shares fell 3.25% over 24 hours.<\/p>\n<p>            Apr 24<\/p>\n<p>                <a href=\"https:\/\/www.stocktitan.net\/news\/LOAN\/manhattan-bridge-capital-inc-reports-first-quarter-results-for-8t51t9jgnssb.html\" rel=\"nofollow noopener\" target=\"_blank\">Q1 earnings report<\/a><\/p>\n<p>              Negative<\/p>\n<p>              +0.8%<\/p>\n<p>              Revenue and net income decreased, while the stock rose 0.78% over 24 hours.<\/p>\n<p>            Oct 23<\/p>\n<p>                <a href=\"https:\/\/www.stocktitan.net\/news\/LOAN\/manhattan-bridge-capital-inc-reports-third-quarter-2024-ieksajyrooa4.html\" rel=\"nofollow noopener\" target=\"_blank\">Q3 earnings report<\/a><\/p>\n<p>              Negative<\/p>\n<p>              +0.0%<\/p>\n<p>              Quarterly revenue and net income declined; the reported 24-hour price reaction was unchanged.<\/p>\n<p>        Pattern Detected<\/p>\n<p class=\"context-pattern-text\">Earnings-tagged history averaged -1.03%; two of five comparable events aligned with negative price reactions, while three diverged.<\/p>\n<p>          origination fees<\/p>\n<p>          financial<\/p>\n<p>&#8220;lower interest rates and origination fees charged to borrowers&#8221;<\/p>\n<p>Origination fees are one-time charges a lender or loan arranger collects for creating, evaluating and processing a loan or financing deal; they are usually a percentage of the loan amount and paid at closing or over time. For investors, these fees change the effective cost and proceeds of a financing, boost lender or arranger revenue, and can alter deal returns and cash flows\u2014like a service charge that trims what a borrower receives and raises the lender\u2019s income.<\/p>\n<p>          secured commercial loans<\/p>\n<p>          financial<\/p>\n<p>&#8220;interest income on secured commercial loans&#8221;<\/p>\n<p>A secured commercial loan is money lent to a business that is backed by specific assets\u2014such as property, equipment, inventory, or receivables\u2014that the lender can claim if the borrower fails to repay. For investors, these loans matter because the collateral reduces the lender\u2019s risk and can affect interest rates, loan availability and a company\u2019s balance sheet health; think of it as a loan with a safety net that can influence a business\u2019s stability and credit costs.<\/p>\n<p class=\"context-ai-disclaimer\">AI-generated analysis. <a href=\"https:\/\/www.stocktitan.net\/rhea-ai.html\" rel=\"nofollow noopener\" target=\"_blank\">How Rhea-AI works<\/a>. Not financial advice.<\/p>\n<p>&#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n&#13;<\/p>\n<p>  <img decoding=\"async\" class=\"ps-bar__icon\" src=\"https:\/\/static.stocktitan.net\/img\/icons\/Google_News_icon.svg\" width=\"24\" height=\"24\" alt=\"\" loading=\"lazy\" aria-hidden=\"true\"\/><\/p>\n<p>&#13;<br \/>\n    &#13;<br \/>\n    See more from StockTitan in Google Search and AI answers.&#13;<br \/>\n    Adds StockTitan as a preferred source \u00b7 opens Google&#13;\n  <\/p>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n      07\/23\/2026 &#8211; 04:35 PM&#13;<br \/>\n    &#13;<br \/>\n&#13;<\/p>\n<p align=\"justify\">GREAT NECK, N.Y., July  23, 2026  (GLOBE NEWSWIRE) &#8212; Manhattan Bridge Capital, Inc. (Nasdaq: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9_Ntgre2ZOIqJMiMRUrq-yueBqEBVSc8s3ggWs20Lao4VwjEQIJ6Bo7zMFmhPiMnYKsYw8ru2d0i9IbTQw1TktZMeRHQSVHr_3Nn7HcZVumavfoywG44coV8UqsdvZuO\" rel=\"nofollow noopener\" target=\"_blank\">LOAN<\/a>) (the \u201cCompany\u201d) 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\u2019s 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\u2019s 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.<\/p>\n<p align=\"justify\">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.<\/p>\n<p align=\"justify\">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.<\/p>\n<p align=\"justify\">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.<\/p>\n<p align=\"justify\">As of June 30, 2026, total shareholders&#8217; equity was approximately $42,989,000.<\/p>\n<p align=\"justify\">On November 20, 2025, the Company\u2019s 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.<\/p>\n<p align=\"justify\">Assaf Ran, Chairman of the Board and Chief Executive Officer of the Company, stated, \u201cWe 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.<\/p>\n<p align=\"justify\">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,\u201d added Mr. Ran.<\/p>\n<p>About Manhattan Bridge Capital, Inc.<\/p>\n<p align=\"justify\">Manhattan Bridge Capital, Inc. offers short-term secured, non\u2013banking loans (sometimes referred to as \u2018\u2018hard money\u2019\u2019 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: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=i-LVM_XDKrnacztGUknCRmivXJXnDzeMZqfPXVi38G4a6lLHVI13xh2hNAFSwQI4sNodmhe_xQLyKSfE5rCN0ElV-WiPvchtFra7RF1P97ssTzogNjp3hJwRk1dzW7i2VOvnwJbV6aTB8XsTntw9_A==\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.manhattanbridgecapital.com<\/a>.<\/p>\n<p>Forward-Looking Statements<\/p>\n<p align=\"justify\">This press release and statements made by the Company\u2019s 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 \u201cplan,\u201d \u201cproject,\u201d \u201cpotential,\u201d \u201cseek,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201cbelieve,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201ccould,\u201d \u201cestimate,\u201d and \u201ccontinue,\u201d and similar expressions, are intended to identify forward-looking statements.<\/p>\n<p align=\"justify\">Forward-looking statements in this press release include, among other things, statements regarding the Company\u2019s 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 \u201clender liability\u201d claims; (vi) our due diligence may not uncover all of a borrower\u2019s 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.<\/p>\n<p>  MANHATTAN BRIDGE CAPITAL, INC. AND SUBSIDIARY<br \/>CONSOLIDATED BALANCE SHEETS<br \/>\u00a0AssetsJune 30, 2026<br \/>(unaudited)<br \/>\u00a0December 31, 2025<br \/>(audited)<br \/>Loans receivable, net of deferred origination and other fees$61,772,768\u00a0\u00a0$60,218,841\u00a0Interest and other fees receivable on loans\u00a01,637,865\u00a0\u00a0\u00a01,642,825\u00a0Cash\u00a0229,547\u00a0\u00a0\u00a0204,889\u00a0Cash \u2013 restricted\u00a027,000\u00a0\u00a0\u00a023,350\u00a0Other assets\u00a0125,809\u00a0\u00a0\u00a060,742\u00a0Right-of-use asset \u2013 operating lease, net\u00a074,819\u00a0\u00a0\u00a0101,226\u00a0Deferred financing costs, net\u00a0125,716\u00a0\u00a0\u00a098,858\u00a0Total assets$63,993,524\u00a0\u00a0$62,350,731\u00a0\u00a0    Liabilities and Stockholders\u2019 Equity\u00a0\u00a0\u00a0Liabilities:\u00a0\u00a0\u00a0Lines of credit$19,309,466\u00a0\u00a0$17,601,132\u00a0Accounts payable and accrued expenses\u00a0190,002\u00a0\u00a0\u00a0173,247\u00a0Operating lease liability\u00a083,689\u00a0\u00a0\u00a0112,076\u00a0Loan holdback\u00a0164,598\u00a0\u00a0\u00a050,000\u00a0Dividends payable\u00a01,256,806\u00a0\u00a0\u00a01,314,732\u00a0Total liabilities\u00a021,004,561\u00a0\u00a0\u00a019,251,187\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Commitments and contingencies\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Stockholders\u2019 equity:\u00a0\u00a0\u00a0Preferred shares &#8211; $.01 par value; 5,000,000 shares authorized; none issued and outstanding\u00a0&#8212;\u00a0\u00a0\u00a0&#8212;\u00a0Common shares &#8211; $.001 par value; 25,000,000 shares authorized; 11,757,058 issued; 11,425,509 and 11,432,451 outstanding, respectively\u00a011,757\u00a0\u00a0\u00a011,757\u00a0Additional paid-in capital\u00a045,581,538\u00a0\u00a0\u00a045,575,006\u00a0Less: Treasury shares, at cost \u2013 331,549 and 324,607 shares, respectively\u00a0(1,129,013)\u00a0\u00a0(1,098,964)Accumulated deficit\u00a0(1,475,319)\u00a0\u00a0(1,388,255)Total stockholders\u2019 equity\u00a042,988,963\u00a0\u00a0\u00a043,099,544\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Total liabilities and stockholders\u2019 equity$63,993,524\u00a0\u00a0$62,350,731\u00a0\u00a0    MANHATTAN BRIDGE CAPITAL, INC. AND SUBSIDIARY<br \/>CONSOLIDATED STATEMENTS OF OPERATIONS<br \/>(unaudited)\u00a0\u00a0Three Months<br \/>Ended June 30,Six Months<br \/>Ended June 30,\u00a0\u00a02026\u00a0\u00a02025\u00a0\u00a02026\u00a0\u00a02025\u00a0Revenue:<br \/>Interest income from loans$1,738,065\u00a0<br \/>$<\/p>\n<p>1,899,403<\/p>\n<p>\u00a0$3,437,395\u00a0<\/p>\n<p>$<\/p>\n<p>3,733,317<\/p>\n<p>\u00a0Origination fees\u00a0307,138\u00a0\u00a0455,833\u00a0\u00a0675,452\u00a0\u00a0895,632\u00a0Total revenue\u00a02,045,203\u00a0\u00a02,355,236\u00a0\u00a04,112,847\u00a0\u00a04,628,949\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Operating costs and expenses:\u00a0\u00a0\u00a0\u00a0Interest and amortization of deferred financing costs\u00a0398,960\u00a0\u00a0506,250\u00a0\u00a0762,208\u00a0\u00a0957,615\u00a0Referral fees\u00a01,646\u00a0\u00a01,523\u00a0\u00a05,611\u00a0\u00a01,667\u00a0General and administrative expenses\u00a0495,150\u00a0\u00a0437,785\u00a0\u00a0925,757\u00a0\u00a0891,355\u00a0Total operating costs and expenses\u00a0895,756\u00a0\u00a0945,558\u00a0\u00a01,693,576\u00a0\u00a01,850,637\u00a0Income from operations\u00a01,149,447\u00a0\u00a01,409,678\u00a0\u00a02,419,271\u00a0\u00a02,778,312\u00a0Other income\u00a04,500\u00a0\u00a04,500\u00a0\u00a09,000\u00a0\u00a09,000\u00a0Income before income tax expense\u00a01,153,947\u00a0\u00a01,414,178\u00a0\u00a02,428,271\u00a0\u00a02,787,312\u00a0Income tax expense\u00a0(1,300)\u00a0(1,210)\u00a0(1,300)\u00a0(1,210)Net income$1,152,647\u00a0$1,412,968\u00a0$2,426,971\u00a0$2,786,102\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Basic and diluted net income per common\u00a0share outstanding:\u00a0\u00a0\u00a0\u00a0&#8211;Basic$0.10\u00a0$0.12\u00a0$0.21\u00a0$0.24\u00a0&#8211;Diluted$0.10\u00a0$0.12\u00a0$0.21\u00a0$0.24\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Weighted average number of common shares outstanding:\u00a0\u00a0\u00a0\u00a0&#8211;Basic\u00a011,427,357\u00a0\u00a011,438,651\u00a0\u00a011,429,033\u00a0\u00a011,438,651\u00a0&#8211;Diluted\u00a011,427,357\u00a0\u00a011,438,651\u00a0\u00a011,429,033\u00a0\u00a011,438,651\u00a0\u00a0    MANHATTAN BRIDGE CAPITAL, INC. AND SUBSIDIARY<br \/>CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS\u2019 EQUITY<br \/>(unaudited)\u00a0FOR THE THREE MONTHS ENDED JUNE 30, 2026\u00a0Common SharesAdditional Paid in CapitalTreasury SharesAccumulated DeficitTotals\u00a0SharesAmount\u00a0SharesCost\u00a0\u00a0Balance, April 1, 202611,757,058$11,757$45,578,272327,707$(1,112,746)$(1,371,160)$43,106,123Non-cash compensation\u00a0\u00a03,266\u00a0\u00a0\u00a03,266Purchase of treasury shares\u00a0\u00a0\u00a03,842(16,267)\u00a0(16,267)Dividends declared and payable\u00a0\u00a0\u00a0\u00a0\u00a0(1,256,806)(1,256,806)Net income\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a01,152,6471,152,647Balance, June 30, 202611,757,058$11,757$45,581,538331,549$(1,129,013)$(1,475,319)$42,988,963\u00a0    FOR THE THREE MONTHS ENDED JUNE 30, 2025<br \/>\u00a0Common SharesAdditional Paid in CapitalTreasury SharesAccumulated DeficitTotals\u00a0SharesAmount\u00a0SharesCost\u00a0\u00a0Balance, April 1, 202511,757,058$11,757$45,565,207318,407$(1,070,406)$(1,180,476)$43,326,082Non-cash compensation\u00a0\u00a03,266\u00a0\u00a0\u00a03,266Dividends declared and payable\u00a0\u00a0\u00a0\u00a0\u00a0(1,315,445)(1,315,445)Net income\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a01,412,9681,412,968Balance, June 30, 202511,757,058$11,757$45,568,473318,407$(1,070,406)$(1,082,953)$43,426,871\u00a0    FOR THE SIX MONTHS ENDED JUNE 30, 2026\u00a0Common SharesAdditional Paid in CapitalTreasury SharesAccumulated DeficitTotals\u00a0SharesAmount\u00a0SharesCost\u00a0\u00a0Balance, January 1, 202611,757,058$11,757$45,575,006324,607$(1,098,964)$(1,388,255)$43,099,544Non-cash compensation\u00a0\u00a06,532\u00a0\u00a0\u00a06,532Purchase of treasury shares\u00a0\u00a0\u00a06,942(30,049)\u00a0(30,049)Dividends paid\u00a0\u00a0\u00a0\u00a0\u00a0(1,257,229)(1,257,229)Dividends declared and payable\u00a0\u00a0\u00a0\u00a0\u00a0(1,256,806)(1,256,806)Net income\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a02,426,9712,426,971Balance, June 30, 202611,757,058$11,757$45,581,538331,549$(1,129,013)$(1,475,319)$42,988,963\u00a0    FOR THE SIX MONTHS ENDED JUNE 30, 2025<br \/>\u00a0Common SharesAdditional Paid in CapitalTreasury SharesAccumulated DeficitTotals\u00a0SharesAmount\u00a0SharesCost\u00a0\u00a0Balance, January 1, 202511,757,058$11,757$45,561,941318,407$(1,070,406)$(1,238,165)$43,265,127Non-cash compensation\u00a0\u00a06,532\u00a0\u00a0\u00a06,532Dividends paid\u00a0\u00a0\u00a0\u00a0\u00a0(1,315,445)(1,315,445)Dividends declared and payable\u00a0\u00a0\u00a0\u00a0\u00a0(1,315,445)(1,315,445)Net income\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a02,786,1022,786,102Balance, June 30, 202511,757,058$11,757$45,568,473318,407$(1,070,406)$(1,082,953)$43,426,871\u00a0    MANHATTAN BRIDGE CAPITAL, INC. AND SUBSIDIARY<br \/>CONSOLIDATED STATEMENTS OF CASH FLOWS<br \/>(unaudited)<br \/>\u00a0\u00a0\u00a0Six Months<br \/>Ended June 30,\u00a0\u00a0\u00a02026\u00a0\u00a0\u00a02025\u00a0Cash flows from operating activities:\u00a0\u00a0\u00a0\u00a0Net income\u00a0$2,426,971\u00a0\u00a0$2,786,102\u00a0Adjustments to reconcile net income to net cash provided by\u00a0operating activities &#8211;\u00a0\u00a0\u00a0\u00a0Amortization of deferred financing costs\u00a0\u00a037,958\u00a0\u00a0\u00a044,473\u00a0Adjustment to right-of-use asset &#8211; operating lease and liability\u00a0\u00a0(1,980)\u00a0\u00a0(831)Depreciation\u00a0\u00a0926\u00a0\u00a0\u00a02,790\u00a0Non-cash compensation expense\u00a0\u00a06,532\u00a0\u00a0\u00a06,532\u00a0Changes in operating assets and liabilities:\u00a0\u00a0\u00a0\u00a0Interest and other fees receivable on loans\u00a0\u00a04,960\u00a0\u00a0\u00a0(369,307)Other assets\u00a0\u00a0(65,994)\u00a0\u00a0(93,403)Accounts payable and accrued expenses\u00a0\u00a016,755\u00a0\u00a0\u00a0(33,614)Deferred origination and other fees\u00a0\u00a0151,047\u00a0\u00a0\u00a064,338\u00a0Proceeds from borrower escrow deposits \u2013 loan holdback\u00a0\u00a0114,598\u00a0\u00a0\u00a0&#8212;\u00a0Net cash provided by operating activities\u00a0\u00a02,691,773\u00a0\u00a0\u00a02,407,080\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Cash flows from investing activities:\u00a0\u00a0\u00a0\u00a0Issuance of short-term loans\u00a0\u00a0(29,007,320)\u00a0\u00a0(23,482,540)Collections received from loans\u00a0\u00a027,302,347\u00a0\u00a0\u00a023,619,317\u00a0Purchase of fixed assets\u00a0\u00a0&#8212;\u00a0\u00a0\u00a0(418)Net cash (used in) provided by investing activities\u00a0\u00a0(1,704,973)\u00a0\u00a0136,359\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Cash flows from financing activities:\u00a0\u00a0\u00a0\u00a0Proceeds from lines of credit\u00a0\u00a030,608,460\u00a0\u00a0\u00a026,460,484\u00a0Repayment of lines of credit\u00a0\u00a0(28,900,126)\u00a0\u00a0(26,365,153)Dividends paid\u00a0\u00a0(2,571,961)\u00a0\u00a0(2,630,890)Deferred financing costs incurred\u00a0\u00a0(64,816)\u00a0\u00a0&#8212;\u00a0Purchase of treasury shares\u00a0\u00a0(30,049)\u00a0\u00a0&#8212;\u00a0Net cash used in financing activities\u00a0\u00a0(958,492)\u00a0\u00a0(2,535,559)\u00a0\u00a0\u00a0\u00a0\u00a0Net increase in cash\u00a0\u00a028,308\u00a0\u00a0\u00a07,880\u00a0Cash and restricted cash, beginning of period(1)\u00a0\u00a0228,239\u00a0\u00a0\u00a0201,762\u00a0Cash and restricted cash, end of period(2)\u00a0$256,547\u00a0\u00a0$209,642\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Supplemental Disclosure of Cash Flow Information:\u00a0\u00a0\u00a0\u00a0Cash paid during the period for taxes\u00a0$1,300\u00a0\u00a0$1,210\u00a0Cash paid during the period for interest\u00a0$702,754\u00a0\u00a0$903,251\u00a0Cash paid during the period for operating leases\u00a0$33,028\u00a0\u00a0$31,982\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Supplemental Schedule of Noncash Financing Activities:\u00a0\u00a0\u00a0\u00a0Dividend declared and payable\u00a0$1,256,806\u00a0\u00a0$1,315,445\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Supplemental Schedule of Noncash Operating and Investing Activities:\u00a0\u00a0\u00a0\u00a0Reduction in interest receivable in connection with the increase in loans receivable\u00a0$&#8212;\u00a0\u00a0$13,122\u00a0  <\/p>\n<p>(1) At December 31, 2025 and 2024, cash and restricted cash included $23,350 and $23,750, respectively, of restricted cash. <br \/>(2) At June 30, 2026 and 2025, cash and restricted cash included $27,000\u00a0 and $875, respectively, of restricted cash.<\/p>\n<p>Contact:<br \/>Assaf Ran, CEO<br \/>(516) 444-3400<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=okWh04PnUcapY-46tV3xY1rVTdN6lxFzuv0fOheZ2oCXEVR9lErgLTR46Ve8rO8xZMT7ySnJwYLeCsOktBqt_TH_MeHohU0H_JPjzA4b6zlGkRaRHgSzI2g0cLzpmMZB\" rel=\"nofollow noopener\" target=\"_blank\">www.linkedin.com\/in\/assafran<\/a><br \/>SOURCE: Manhattan Bridge Capital, Inc.<\/p>\n<p> <img decoding=\"async\" loading=\"lazy\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/07\/ti.gif\"\/> <br \/><img decoding=\"async\" loading=\"lazy\" alt=\"\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/07\/Manhattan-Bridge-Capital-Inc-.png\" referrerpolicy=\"no-referrer-when-downgrade\"\/>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n      &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n  &#13;<br \/>\n&#13;<\/p>\n<p>&#13;<br \/>\n    FAQ  &#13;\n  <\/p>\n<p>&#13;<br \/>\n  &#13;<br \/>\n  &#13;<\/p>\n<p>        How did Manhattan Bridge Capital (LOAN) perform in Q2 2026?<\/p>\n<p>&#13;<br \/>\n          Manhattan Bridge Capital reported Q2 2026 revenue of about $2.05 million and net income of roughly $1.15 million. According to Manhattan Bridge Capital, this compares with $2.36 million revenue and $1.41 million net income in Q2 2025, reflecting double\u2011digit year\u2011over\u2011year declines.&#13;\n        <\/p>\n<p>    &#13;<br \/>\n  &#13;<\/p>\n<p>        Why did Manhattan Bridge Capital\u2019s Q2 2026 revenue decline versus 2025?<\/p>\n<p>&#13;<br \/>\n          Q2 2026 revenue declined mainly due to lower interest rates and origination fees charged to borrowers amid stronger competition. According to Manhattan Bridge Capital, it also granted about $85,000 in discretionary payoff and refinancing credits, despite originating more loans and deploying more capital than a year earlier.&#13;\n        <\/p>\n<p>    &#13;<br \/>\n  &#13;<\/p>\n<p>        What were Manhattan Bridge Capital\u2019s earnings per share for Q2 and the first half of 2026?<\/p>\n<p>&#13;<br \/>\n          Manhattan Bridge Capital reported basic and diluted EPS of $0.10 for Q2 2026 and $0.21 for the first six months. According to Manhattan Bridge Capital, this compares with $0.12 and $0.24, respectively, for the same periods in 2025, indicating lower profitability per share.&#13;\n        <\/p>\n<p>    &#13;<br \/>\n  &#13;<\/p>\n<p>        How large is Manhattan Bridge Capital\u2019s loan portfolio as of June 30, 2026?<\/p>\n<p>&#13;<br \/>\n          As of June 30, 2026, Manhattan Bridge Capital\u2019s loans receivable, net of deferred fees, totaled about $61.77 million. According to Manhattan Bridge Capital, this increased from approximately $60.22 million at December 31, 2025, reflecting higher capital deployment into secured commercial real estate loans.&#13;\n        <\/p>\n<p>    &#13;<br \/>\n  &#13;<\/p>\n<p>        What is the status of Manhattan Bridge Capital\u2019s share repurchase program in 2026?<\/p>\n<p>&#13;<br \/>\n          The board authorized repurchases of up to 100,000 common shares on November 20, 2025. According to Manhattan Bridge Capital, by June 30, 2026 it had repurchased 13,142 shares for about $59,000, including 6,942 shares for roughly $30,000 during the first half of 2026.&#13;\n        <\/p>\n<p>    &#13;<br \/>\n  &#13;<\/p>\n<p>        Did Manhattan Bridge Capital (LOAN) mention any potential loan foreclosure in Q2 2026?<\/p>\n<p>&#13;<br \/>\n          Yes. Management indicated it may need to foreclose on a loan secured by Florida properties. According to Manhattan Bridge Capital, it currently believes it will recover the outstanding principal and accrued interest within one to two years, based on its assessment.&#13;\n        <\/p>\n<p>    &#13;<br \/>\n  &#13;<\/p>\n<p>        What is Manhattan Bridge Capital\u2019s equity and leverage position at June 30, 2026?<\/p>\n<p>&#13;<br \/>\n          At June 30, 2026, total stockholders\u2019 equity was about $42.99 million and lines of credit totaled roughly $19.31 million. According to Manhattan Bridge Capital, total assets were approximately $63.99 million, with dividends payable of about $1.26 million outstanding.&#13;\n        <\/p>\n<p>    &#13;<br \/>\n  &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n&#13;<\/p>\n","protected":false},"excerpt":{"rendered":"&#13; &#13; &#13; Manhattan Bridge Capital (Nasdaq: LOAN) reported second quarter 2026 total revenue of approximately $2.05 million,&hellip;\n","protected":false},"author":2,"featured_media":277825,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[5682,9931,75,11297,84,83,79258,9,24,63,115312,26247,115313,115314],"class_list":["post-304231","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-foreclosure","tag-loan","tag-manhattan","tag-manhattan-bridge-capital","tag-manhattan-headlines","tag-manhattan-news","tag-net-income","tag-new-york","tag-new-york-city","tag-nyc","tag-q2-earnings","tag-real-estate-investors","tag-revenue-decline","tag-secured-commercial-loans"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/304231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=304231"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/304231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/277825"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=304231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=304231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=304231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}