Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) has reported its financial results for the second quarter of 2025. The company's total revenues for the three months ended June 30, 2025, were approximately $2.355 million, representing a 3.6% decrease compared to the $2.443 million reported for the same period in 2024. This decline in revenue was primarily due to lower interest income stemming from a reduction in loans receivable, though it was partially offset by an increase in origination fees. For the first half of 2025, the company's total revenues amounted to approximately $4.629 million, down 7.7% from $5.016 million in the first six months of 2024. Similarly, this decrease was mainly attributed to reduced interest income. Net income for the quarter was approximately $1.413 million, or $0.12 per basic and diluted share, slightly up from $1.409 million, or $0.12 per share, during the same period last year. The revenue from interest income on secured commercial loans was $1.899 million for the second quarter of 2025, compared to $2.033 million in 2024, while origination fees increased to $456,000 from $411,000. The loans are primarily secured by real estate collateral and personal guarantees from borrowers' principals.
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