News about Manhattan Bridge Capital

Manhattan Bridge Capital (Nasdaq: LOAN) reported third-quarter 2026 total revenues of about $2,054,000, up 0.9% from a year earlier, as higher origination fees offset lower interest income from competitive pricing. Net income was about $1,238,000, or $0.11 per share, up 3.0% year over year. For the nine months, revenues fell 7.5% to about $6,166,000 and net income declined 8.1% to about $3,665,000, mainly due to lower interest rates and origination fees amid greater competition. On October 8, 2026, the board raised the buyback authorization from 100,000 to 250,000 shares and extended the program through October 8, 2027. CEO Assaf Ran said rising rates are pressuring real estate markets, though hard money rates have stayed roughly flat due to intense competition.