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.
Ledyard Financial Group, Inc. reports developments tied to its role as the holding company for Ledyard National Bank, a full-service community bank offering banking, investment, tax and wealth management services. Recurring updates cover quarterly earnings, cash dividends, loan and deposit trends, net interest margin, credit profile, liquidity management and wealth management revenue.
Company news also includes capital actions such as common stock repurchase authorization, board appointments and commentary on the integration of banking and wealth management operations. Coverage centers on the bank’s community banking activities, asset growth, capital ratios and regional governance matters.
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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.