MANHATTAN BRIDGE CAPITAL, INC
Filing Date: 2024-07-22
TL;DR
- 💰 Revenue Growth: Increased revenue due to higher interest rates.
- 📉 Challenges: Faced competition and interest rate fluctuations.
- 🌍 Market Focus: Expanding in New York, New Jersey, Connecticut, and Florida.
- 📊 Stable Performance: Maintained strong financials with steady net income.
Major Announcements
Significant announcements included the extension of the company's credit line with Webster Business Credit Corporation, Flushing Bank, and Mizrahi Tefahot Bank Ltd, providing a $32.5 million credit line until February 2026. The company also declared a cash dividend of $0.115 per share, payable in July 2024.