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LEDYARD FINCL GROUP INC - $LFGP STOCK NEWS

Welcome to our dedicated page for LEDYARD FINCL GROUP news (Ticker: $LFGP), a resource for investors and traders seeking the latest updates and insights on LEDYARD FINCL GROUP stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect LEDYARD FINCL GROUP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary

Ledyard Financial Group, Inc. (OTCQX: LFGP) reported Q1 2024 earnings with net income of $463 thousand, an increase from Q4 2023 but a decrease from Q1 2023. Total assets grew by 4.6% from the prior quarter and 19.8% from a year ago. Loan balances increased by 9.2% from the prior quarter and 25.8% from a year ago. A regular quarterly dividend of $0.21 per share was declared.

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Ledyard Financial Group, Inc. (LFGP) reported Q4 2023 and FY 2023 financial results, showcasing a decline in net income due to provisions for credit losses. Despite challenges, the company focused on long-term value creation, witnessing growth in relationship-based loans and client deposits. Wealth management revenue remained stable, with total assets and AUM showing positive growth. The Company declared a regular quarterly dividend of $0.21 per share.
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Ledyard Financial Group, Inc. reports Q3 2023 financial results, with net income of $839 thousand, up 17% from Q2 2023, and down 60% from Q3 2022. The company declares a regular quarterly dividend of $0.21. Client deposit growth of $9.8 million and net loan growth of $13.5 million. Net interest margin narrows to 2.27%. Advisory revenue of $3.2 million and assets under management of $1.78 billion. Non-interest expense increases by 0.2% compared to Q2 2023. Total assets grow by 6.8% to $800.2 million. Gross loans increase by 3.5% to $385.0 million. The company maintains a strong balance sheet with Tier One Leverage Ratio of 9.25% and Total Risk-Based Capital Ratio of 15.02%.
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Charles M. Petersen joins Ledyard Financial Group's Board of Directors
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LEDYARD FINCL GROUP INC

OTC:LFGP

LFGP Rankings

LFGP Stock Data

49.70M
2.71M
13.12%
Commercial Banking
Finance and Insurance
Link
United States of America
Hanover