Logansport Financial Corp. Reports Net Earnings for the Quarter Ended March 31, 2026

Rhea-AI Summary

Logansport Financial Corp. (OTCBB: LOGN) reported net earnings of $542,000 ($0.88 diluted) for the quarter ended March 31, 2026, up from $377,000 ($0.61) a year earlier.

Total loans were $180.8M, deposits $247.1M, and total assets $285.8M on March 31, 2026. The company paid a $0.45 per-share dividend in Q1 2026.

Positive

• Net earnings rose 44% to $542K year-over-year
• EPS increased 44% to $0.88 per diluted share
• Net interest income improved 15.6% to $2.222M
• Declared $0.45 per-share dividend in Q1 2026

Negative

• Allowance for loan losses declined 39% to $1.182M
• Nonperforming loans increased 36% to $4.237M
• General and administrative expense rose 10.6% to $1.942M
• Income tax expense increased to $80K from $32K

News Market Reaction – LOGN

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In the Apr 15 session, LOGN declined 0.48%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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LOGANSPORT, Indiana, April 15, 2026 (GLOBE NEWSWIRE) -- Logansport Financial Corp., (OTCBB, LOGN), parent company of Logansport Savings Bank, reported net earnings for the quarter ended March 31, 2026 of $542,000 or $0.88 per diluted share, compared to earnings in 2025 of $377,000 or $0.61 per diluted share. The Dividends paid to shareholders were $0.45 per share in the first quarter of 2026.

Total loans were $180.8 million on March 31, 2026 compared to loans in 2025 of $172.3 million. Deposits were $247.1 million on March 31, 2026 compared to deposits in 2025 of $229.5 million. Total assets on March 31, 2026 were $285.8 million compared to assets in 2025 of $266.2 million.

The statements contained in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involves a number of risks and uncertainties. A number of factors could cause results to differ materially from the objectives and estimates expressed in such forward-looking statements. These factors include, but are not limited to, changes in the financial condition of issuers of the Company’s investments and borrowers, changes in economic conditions in the Company’s market area, changes in policies of regulatory agencies, fluctuations in interest rates, demand for loans in the Company’s market area, changes in the position of banking regulators on the adequacy of our allowance for loan losses, and competition, all or some of which could cause actual results to differ materially from historical earnings and those presently anticipated or projected. These factors should be considered in evaluation of any forward-looking statements, and undue reliance should not be placed on such statements. The Company does not undertake and specifically disclaims any obligation to update any forward-looking statements to reflect occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

Contact: Kristie Richey
Chief Financial Officer
Phone-574-722-3855
Fax-574-722-3857

Logansport Financial Corp.
Selected Financial Data
(Dollars in thousands except for share data)
		3/31/2026			3/31/2025
Total Assets		$	285,786		$	266,202
Loans receivable, net			180,843			172,300
Allowance for loan losses			1,182			1,947
Cash and cash equivalents			23,872			21,367
Securities available for sale			55,987			53,820
Federal Home Loan Bank stock			3,150			3,150
Deposits			247,100			229,461
FHLB borrowings and note payable			15,000			15,000
Shareholders' equity			22,767			20,843
Shares Issued and Outstanding			615,030			613,153
Nonperforming loans			4,237			3,106
Real Estate Owned			-			-
		Three months ended 3/31
			2026			2025
Interest income		$	3,601		$	3,442
Interest expense			1,379			1,520
Net interest income			2,222			1,922
Provision for loan losses			(131	)		-
Net interest income after provision			2,353			1,922
Gain on sale of loans			49			53
Other income			162			190
General, admin. & other expense			1,942			1,756
Earnings before income taxes			622			409
Income tax expense			80			32
Net earnings		$	542		$	377
Earnings per share		$	0.88		$	0.61
Weighted avg. shares o/s-diluted			615,030			613,153

FAQ

What were Logansport Financial (LOGN) net earnings for Q1 2026?

Net earnings were $542,000 for Q1 2026, or $0.88 diluted per share. According to the company, this compares with $377,000 and $0.61 diluted in Q1 2025, reflecting higher net interest income.

How did Logansport Financial (LOGN) loans and deposits change by March 31, 2026?

Total loans were $180.8M and deposits were $247.1M on March 31, 2026. According to the company, loans and deposits both increased versus March 31, 2025, supporting asset growth.

What drove Logansport Financial (LOGN) higher net interest income in Q1 2026?

Net interest income rose to $2.222M in Q1 2026, up from $1.922M. According to the company, lower interest expense and modestly higher interest income contributed to the improvement.

Did Logansport Financial (LOGN) pay a dividend in Q1 2026 and how much?

Yes. The company paid a dividend of $0.45 per share in the first quarter of 2026. According to the company, this reflects a returned cash distribution to shareholders for Q1 2026.

Are there credit-quality concerns in Logansport Financial's (LOGN) Q1 2026 results?

There are warning signals: nonperforming loans rose to $4.237M and allowance for loan losses fell to $1.182M. According to the company, these metrics merit investor attention for credit exposure trends.

How did Logansport Financial's (LOGN) overall balance sheet change by March 31, 2026?

Total assets increased to $285.8M from $266.2M year-over-year, with shareholders' equity at $22.767M. According to the company, asset growth was driven by increases in loans and deposits.