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Ledyard Financil (LFGP) provides institutional-grade financial services and asset management solutions. This news hub offers investors and analysts a centralized source for tracking the company's latest developments and market positioning.
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Content spans quarterly earnings disclosures, strategic partnership announcements, and industry commentary relevant to LFGP's market activities. Bookmark this page for real-time updates on the firm's risk management innovations and capital markets positioning.
Ledyard Financial Group (LFGP) reported strong Q4 2024 results with net income of $1.3 million ($0.40 per share), up 82% from Q3 2024. Full-year 2024 net income reached $3.3 million ($0.98 per share), surpassing 2023's $0.96 per share.
Key Q4 highlights include total assets reaching $950.6 million (up 11.2% YoY), robust loan growth of 8.9% QoQ, and net interest margin expansion to 2.35%. The company executed a strategic sale-leaseback transaction of two properties for a $1.3 million gain, while selling $28 million in bonds at a $1.1 million loss.
Assets under management ended at $2.14 billion, with wealth management revenue up 15.1% YoY. The company declared a quarterly dividend of $0.21 per share. Credit quality remains strong with the allowance for credit losses providing 3x coverage of non-performing assets.
Ledyard Financial Group (LFGP) reported Q3 2024 net income of $733,000 ($0.22 per share), slightly up from Q2 2024 but down from Q3 2023. Total assets reached $938.0 million, growing 3.3% quarterly and 17.2% yearly. Loan growth was robust at 7.2% quarterly and 38.2% yearly. Client deposits increased by $34.8 million quarterly and $207.2 million yearly. Net interest margin improved to 2.18%. Assets under management reached $2.16 billion, up 6.1% quarterly and 21.9% yearly. The company declared a quarterly dividend of $0.21 per share.
Ledyard Financial Group (OTCQX: LFGP) reported Q2 2024 net income of $726,000 ($0.22 per share), up $263,000 from Q1 2024 and $7,000 from Q2 2023. Key highlights include:
- Total assets grew 1.5% to $908.0 million, up 21.2% year-over-year
- Gross loans increased 8.5% to $496.2 million, up 33.5% year-over-year
- Client deposits rose by $23.9 million quarter-over-quarter and $182.2 million year-over-year
- Assets under management reached $2.04 billion, up 0.8% from Q1 and 12.0% year-over-year
- Net interest margin widened to 2.14% from 2.01% in Q1 2024
The company declared a quarterly dividend of $0.21 per share, payable on September 6, 2024.
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