Manhattan Bridge Capital Q1 net income drops 7.2% to $1.3 million; revenue falls 9.1% to $2.1 million

• Manhattan Bridge Capital net income slipped 7.2% to about $1.3 million for quarter ended March 31, 2026.
• Revenue fell 9.1% to about $2.1 million on lower interest income and reduced origination fees.
• Interest and amortization of deferred financing costs dropped 19.5% to about $363,000, driven by reduced average borrowings under Webster Credit Line and lower SOFR rates.
• Commercial lending activity showed $14.2 million lent during quarter, offset by $12.4 million of borrower collections.
• Management said existing cash, borrowing capacity under Webster Credit Line and Valley Credit Line, and operating cash flow should fund operations for at least next 12 months.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Manhattan Bridge Capital Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-016965), on April 16, 2026, and is solely responsible for the information contained therein.