Ledyard Financil Stock Price, News & Analysis

Ledyard Financial Group, Inc. (LFGP) reported record quarterly earnings for Q3 2021, netting $1,974,838 or $0.61 per share, a 15% increase from 2020. Year-to-date earnings reached $5,767,982, a 16% growth. Total revenue rose 1.7% to $8,386,526 for the quarter and 5.7% to $25,036,071 for nine months. Net interest income grew 9.3% to $4,647,066 for Q3, while deposits surged 16% to $637.5 million. Despite a 5.2% decline in loans, total assets increased to $729 million. Non-interest expenses rose 19% due to recruitment and reinstated salaries, impacting efficiency ratios.

Ledyard Financial Group (LFGP) declared a quarterly dividend of $0.20 per share, payable on September 3, 2021, to shareholders of record as of August 20, 2021. Based in Hanover, New Hampshire, Ledyard Financial Group operates as the holding company for Ledyard National Bank, which provides a comprehensive suite of banking, investment, and wealth management services. This announcement reflects the company's ongoing commitment to returning value to its shareholders.

Ledyard Financial Group, Inc. (LFGP) announced record quarterly and year-to-date earnings for Q2 2021. Net income rose to $1,957,272 ($0.61/share), a 20% increase from 2020. Total revenue for Q2 reached $8,390,563, up 3% year-over-year. Net interest income increased by 8.3% to $4,624,242, while assets under management at Ledyard Financial Advisors grew to $1.88 billion. While non-interest expenses rose by 16% due to recruitment costs, the company's liquidity and capital ratios remain strong, indicating a solid financial position amidst ongoing challenges.

Ledyard National Bank announces the appointment of Michael Hakoun as Executive Vice President and Managing Director of Ledyard Financial Advisors. He will succeed Dennis Mitchell, who is retiring in September after 13 years. Michael brings nearly 20 years of investment management and banking experience, having previously led a five-state team for TD Bank. He holds an MBA from McMaster University and is licensed with FINRA. Ledyard Financial Advisors manages over $1.8 billion in client assets, aligning with the bank's strategic goals.

Ledyard Financial Group (LFGP) has announced an increase of $0.01 to its quarterly dividend, raising it to $0.20, payable on May 28, 2021, to shareholders of record by May 7, 2021. This decision reflects Ledyard's ability to manage through the pandemic effectively and the strength of its core businesses, ultimately benefiting shareholders through improved earnings. While the future remains uncertain due to ongoing pandemic challenges, the company expresses confidence in its capacity to mitigate potential negative impacts on operations.

Ledyard Financial Group, Inc. (LFGP) reported a record net income of $1,835,872 or $0.58 per share for Q1 2021, representing a 13% increase compared to Q1 2020. Total revenue rose 13% to $8,258,982, driven by a 16% increase in net interest income. Non-interest expenses increased 20% due to recruitment and reinstated salary expenses. Deposits surged 53% to $601.5 million, while loans grew 12% to $364.7 million. Shareholders' equity reached $66.2 million, and book value per share increased to $19.93.

Ledyard Financial Group (LFGP) has been recognized as one of the top twenty-five bank boards for women by Bank Director. The ranking highlights Ledyard’s commitment to diversity, with six out of eleven board members being women. President and CEO Kathy Underwood expressed pride in this achievement, emphasizing the importance of diversity in leadership roles to foster innovation and ensure future success. Ledyard National Bank, the bank's subsidiary, offers a comprehensive suite of banking and wealth management services.

Ledyard Financial Group (LFGP) declared a quarterly dividend of $0.19 per share, scheduled for payment on March 5, 2021. Shareholders must be on record by February 12, 2021 to qualify for this dividend. Based in Hanover, New Hampshire, Ledyard Financial Group serves as the holding company for Ledyard National Bank, which offers a comprehensive suite of banking, investment, and wealth management services.

Ledyard Financial Group, Inc. (LFGP) reported record earnings for Q4 and FY 2020, with Q4 net income of $1.75 million ($0.55/share), up 28% from $1.37 million in Q4 2019. Total revenue for Q4 increased by 12% to $8.11 million. Year-end net income reached $6.73 million ($2.13/share), a growth of 16% from the previous year. The bank's total assets grew to $681 million, driven by substantial loan growth, including $27.8 million in PPP loans. Despite these gains, the company acknowledges risks from COVID-19 and has strengthened its reserve for loan losses.