Welcome to our dedicated page for Ledyard Financil news (Ticker: LFGP), a resource for investors and traders seeking the latest updates and insights on Ledyard Financil stock.
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.
Access all official press releases and third-party analyses in one location, including updates on portfolio strategy adjustments, leadership announcements, and regulatory filings. Our curated feed eliminates the need to monitor multiple sources, providing efficient tracking of LFGP's operational milestones and financial performance.
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, Inc. (LFGP) has been recognized by American Banker Magazine as one of the Top 200 publicly traded banks under $2 billion in assets for the eighth consecutive year, ranking 131st for 2022 with a three-year average return on average equity (ROAE) of 11.05%. This accolade highlights the bank's commitment to excellence, as noted by CEO Kathy Underwood. Ledyard National Bank, established in 1991, provides comprehensive banking services.
Ledyard Financial Group (LFGP) has announced the election of Bruce P. King as the new Chair of the Board of Directors, succeeding Margaret Rightmire, who held the position since 2019. Mr. King has been a board member since 2014 and served as Co-Vice Chair since 2019. He is a retired President and CEO of New London Hospital and has significant experience in finance and regional development. The company, headquartered in Hanover, NH, operates Ledyard National Bank, providing comprehensive banking and wealth management services.
Ledyard Financial Group (Ticker: LFGP) has declared a quarterly dividend of
Ledyard Financial Group, Inc. (LFGP) reported record earnings for Q1 2022, marking the ninth consecutive quarter of growth. Net income rose to $2,044,552 or $0.63 per share, up 11% year-over-year. Total revenue increased 5% to $8,684,640. Net interest income also grew by 6% to $4,694,029. However, assets under management fell by $75 million since 2021, primarily due to market volatility. Non-interest expenses increased by 4% to $6,484,409, mainly driven by salary and software-related costs. Shareholders' equity decreased to $52.7 million.
Ledyard Financial Group (Ticker Symbol: LFGP), based in Hanover, NH, has issued $18 million in 10-year, fixed to floating subordinated notes to institutional investors. These notes, due April 1, 2032, will initially have a fixed rate of 4.00% and are noncallable for five years. The funds will support general corporate purposes and organic growth. CEO Kathryn Underwood highlighted the importance of this transaction, indicating a commitment to expanding operations and leveraging investor support.
Ledyard Financial Group, Inc. (LFGP) announced the appointment of Josephine Moran as President and Chief Banking Officer. Reporting to CEO Kathy Underwood, Moran will manage branch banking, product development, operations, IT, HR, and compliance. With over 20 years of banking experience, including roles at Provident Bank and Webster Bank, she aims to drive growth at Ledyard. Moran holds an Executive MBA and is active on the NH Bankers Association’s Legislation Committee. Ledyard Financial Group, based in Hanover, New Hampshire, is a community bank offering a range of financial services.
Ledyard Financial Group (LFGP) has announced a regular quarterly dividend of $0.21 per share, payable on March 4, 2022, to shareholders of record as of February 18, 2022. Headquartered in Hanover, New Hampshire, Ledyard Financial Group operates Ledyard National Bank, a community bank providing banking, investment, and wealth management services since 1991. The company's shares trade on the OTC Markets under the symbol LFGP, allowing investors to engage with their financial offerings and services.
Ledyard Financial Group, Inc. (LFGP) reported record earnings for Q4 2021, with net income of $1,997,150 ($0.62 per share), up 14% from Q4 2020. Year-to-date net income reached $7,765,132 ($2.42 per share), a 15% increase. Total revenue for Q4 was $8,273,481, a 2% rise, while annual revenue grew by 5% to $33,309,552. Net interest income also increased, driven by enhanced investments and efficient cost management. However, non-interest expenses rose by 10% in Q4 due to recruitment and regulatory compliance costs. Total assets grew to $770 million, and equity increased to $73.2 million.
Ledyard Financial Group (LFGP) announced a $0.01 increase to its quarterly dividend, bringing it to $0.21 per share, payable on December 3, 2021.
Shareholders of record as of November 19, 2021 will benefit from this increase, demonstrating the company’s ability to navigate through the pandemic and the strength of its core businesses.
Despite uncertainties ahead, Ledyard expresses confidence in its positioning for future growth.
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