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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 (Ticker: LFGP) has declared a quarterly dividend of $0.21 per share, payable on May 27, 2022. Shareholders of record as of May 13, 2022 are eligible for this dividend. Headquartered in location value="LU/us.nh.hanver"Hanover, New Hampshire, Ledyard Financial Group operates as the holding company for Ledyard National Bank, which provides comprehensive banking, investment, and wealth management services.
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.
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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.
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.