Logansport Financial Corp. Reports Net Earnings for the Quarter Ended September 30, 2025
Rhea-AI Summary
Logansport Financial Corp (OTCQB: LOGN) reported net earnings of $520,000 (EPS $0.85 diluted) for the quarter ended September 30, 2025, compared with $192,000 (EPS $0.31) in Q3 2024. Year-to-date net earnings were $1.309 million for 2025 versus $808,000 in 2024, and diluted EPS for the nine months rose to $2.14 from $1.32.
Total assets were $270.1 million and deposits were $232.0 million at 9/30/2025. Quarterly net interest income increased to $1.862 million from $1.282 million a year earlier. The company paid $1.35 per share in dividends through nine months of 2025, unchanged from 2024. Key balance-sheet items: loans receivable net $175.2M, allowance for loan losses $2.205M, and unrealized loss on securities $(6.429M).
Positive
- Quarterly net earnings increased to $520,000 from $192,000
- YTD net earnings rose to $1.309M from $808,000
- Diluted EPS (9 months) increased to $2.14 from $1.32
- Quarterly net interest income grew to $1.862M from $1.282M
- Dividends paid steady at $1.35 per share through nine months
Negative
- Allowance for loan losses declined to $2.205M from $2.859M
- Unrealized loss on securities widened to $6.429M from $5.756M
News Market Reaction – LOGN
On the day this news was published, LOGN gained 1.52%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
LOGANSPORT, Ind., Oct. 20, 2025 (GLOBE NEWSWIRE) -- Logansport Financial Corp., (OTCQB, LOGN), parent company of Logansport Savings Bank, reported net earnings for the quarter ended September 30, 2025 of
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.
| Logansport Financial Corp. | ||||||||||||||
| Selected Financial Data | ||||||||||||||
| (Dollars in thousands except for share data) | ||||||||||||||
| 9/30/2025 | 9/30/2024 | |||||||||||||
| Total Assets | $ | 270,113 | $ | 256,930 | ||||||||||
| Loans receivable, net | 175,217 | 172,097 | ||||||||||||
| Allowance for loan losses | 2,205 | 2,859 | ||||||||||||
| Cash and cash equivalents | 18,278 | 11,384 | ||||||||||||
| Securities available for sale | 25,250 | 26,783 | ||||||||||||
| Investment in Logansport Investments, Inc. | 28,655 | 29,859 | ||||||||||||
| Federal Home Loan Bank stock | 3,150 | 3,150 | ||||||||||||
| Deposits | 231,965 | 216,600 | ||||||||||||
| FHLB borrowings and note payable | 15,000 | 15,000 | ||||||||||||
| Shareholders' equity | 21,956 | 21,918 | ||||||||||||
| Unrealized gain (loss) on securities | (6,429 | ) | (5,756 | ) | ||||||||||
| Shares Issued and Outstanding | 612,192 | 611,597 | ||||||||||||
| Nonperforming loans | 3,390 | 3,288 | ||||||||||||
| Real Estate Owned | - | - | ||||||||||||
| Quarter ended 9/30 | Six months ended 9/30 | |||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||
| Interest income | $ | 3,418 | $ | 2,852 | $ | 10,108 | $ | 8,894 | ||||||
| Interest expense | 1,556 | 1,570 | 4,756 | 4,657 | ||||||||||
| Net interest income | 1,862 | 1,282 | 5,352 | 4,237 | ||||||||||
| Provision for loan losses | - | (30 | ) | - | (79 | ) | ||||||||
| Net interest income after provision | 1,862 | 1,312 | 5,352 | 4,316 | ||||||||||
| Gain on sale of loans | 70 | 99 | 199 | 260 | ||||||||||
| Other income | 371 | 432 | 1,076 | 1,316 | ||||||||||
| General, admin. & other expense | 1,759 | 1,732 | 5,227 | 5,171 | ||||||||||
| Earnings before income taxes | 544 | 111 | 1,400 | 721 | ||||||||||
| Income tax expense | 24 | (81 | ) | 91 | (87 | ) | ||||||||
| Net earnings | $ | 520 | $ | 192 | $ | 1,309 | $ | 808 | ||||||
| Earnings per share | $ | 0.85 | $ | 0.31 | $ | 2.14 | $ | 1.32 | ||||||
| Weighted avg. shares o/s-diluted | 612,192 | 611,597 | 612,192 | 611,597 | ||||||||||
Contact: Kristie Richey
Chief Financial Officer
Phone-574-722-3855
Fax-574-722-3857
FAQ
What did LOGN report for net earnings in Q3 2025?
How did Logansport Financial's year-to-date earnings for 2025 compare to 2024 (LOGN)?
What was LOGN's diluted earnings per share for the nine months ended September 30, 2025?
How large were Logansport Financial's total assets and deposits at 9/30/2025?
Did LOGN pay dividends in the first nine months of 2025 and how much?
What balance-sheet risks did Logansport Financial disclose for 9/30/2025?
