Logansport Financial Corp. Reports Net Earnings for the Quarter Ended September 30, 2026
FHLB borrowings and note payable fell to $10.511 million from $15.000 million at September 30 a year earlier.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Logansport Financial (OTCQB: LOGN) reported third-quarter 2026 net earnings of $542,000, up from the same quarter a year earlier. Diluted earnings per share rose to $0.88 from $0.85, while quarterly net interest income increased to $2.208 million from $1.862 million. General, administrative and other expenses rose to $2.106 million from $1.759 million.
Nine-month net earnings reached $1.540 million, versus $1.309 million, with diluted earnings per share of $2.49 versus $2.14. At September 30, assets totaled $281.116 million and deposits were $247.898 million, both above year-earlier levels. Net loans increased to $196.890 million from $175.217 million, but nonperforming loans rose to $5.232 million from $3.390 million. Cash fell to $6.214 million from $18.278 million, and shareholders' equity declined to $21.652 million from $21.956 million.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointQuarterly net earnings increased to $542,000 from $520,000; diluted EPS rose to $0.88 from $0.85 year over year.
- Moderate pointNine-month net earnings rose to $1.540 million from $1.309 million; diluted EPS increased to $2.49 from $2.14.
- Moderate pointQuarterly net interest income increased to $2.208 million from $1.862 million a year earlier.
- Moderate pointNet loans increased to $196.890 million at September 30, 2026, from $175.217 million a year earlier.
- Moderate pointDeposits increased to $247.898 million at September 30, 2026, from $231.965 million a year earlier.
- Moderate pointTotal assets increased to $281.116 million at September 30, 2026, from $270.113 million a year earlier.
- Moderate pointFHLB borrowings and note payable declined to $10.511 million from $15.000 million at September 30 a year earlier.
2 minor points
- Minor pointQuarterly interest expense declined to $1.452 million from $1.556 million a year earlier.
- Minor pointQuarterly gains on loan sales increased to $100,000 from $70,000 a year earlier.
Negative
- Moderate pointNonperforming loans rose to $5.232 million at September 30, 2026, from $3.390 million a year earlier.
- Moderate pointQuarterly general, administrative and other expenses increased to $2.106 million from $1.759 million a year earlier.
- Moderate pointCash and cash equivalents fell to $6.214 million from $18.278 million at September 30 a year earlier.
- Moderate pointUnrealized securities losses widened to $7.733 million from $6.429 million at September 30 a year earlier.
- Minor pointShareholders' equity declined to $21.652 million from $21.956 million at September 30 a year earlier.
2 minor points
- Minor pointQuarterly other income decreased to $364,000 from $371,000 a year earlier.
- Minor pointShares outstanding increased to 618,330 from 612,192 at September 30 a year earlier, diluting existing ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LOGANSPORT, Ind., Oct. 21, 2026 (GLOBE NEWSWIRE) -- Logansport Financial Corp., (OTCQB, LOGN), parent company of Logansport Savings Bank, reported net earnings for the quarter ended September 30, 2026 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) | |||||||
| 9/30/2026 | 9/30/2025 | ||||||
| Total Assets | $ | 281,116 | $ | 270,113 | |||
| Loans receivable, net | 196,890 | 175,217 | |||||
| Allowance for loan losses | 2,254 | 2,205 | |||||
| Cash and cash equivalents | 6,214 | 18,278 | |||||
| Securities available for sale | 28,329 | 25,250 | |||||
| Investment in Logansport Investments, Inc. | 24,534 | 28,655 | |||||
| Federal Home Loan Bank stock | 3,150 | 3,150 | |||||
| Deposits | 247,898 | 231,965 | |||||
| FHLB borrowings and note payable | 10,511 | 15,000 | |||||
| Shareholders' equity | 21,652 | 21,956 | |||||
| Unrealized gain (loss) on securities | (7,733 | ) | (6,429 | ) | |||
| Shares Issued and Outstanding | 618,330 | 612,192 | |||||
| Nonperforming loans | 5,232 | 3,390 | |||||
| Real Estate Owned | - | - | |||||
| Quarter ended 9/30 | Six months ended 9/30 | ||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||
| Interest income | $ | 3,660 | $ | 3,418 | $ | 10,739 | $ | 10,108 | |||||
| Interest expense | 1,452 | 1,556 | 4,309 | 4,756 | |||||||||
| Net interest income | 2,208 | 1,862 | 6,430 | 5,352 | |||||||||
| Provision for loan losses | - | - | (131 | ) | - | ||||||||
| Net interest income after provision | 2,208 | 1,862 | 6,561 | 5,352 | |||||||||
| Gain on sale of loans | 100 | 70 | 204 | 199 | |||||||||
| Other income | 364 | 371 | 1,088 | 1,076 | |||||||||
| General, admin. & other expense | 2,106 | 1,759 | 6,091 | 5,227 | |||||||||
| Earnings before income taxes | 566 | 544 | 1,762 | 1,400 | |||||||||
| Income tax expense | 24 | 24 | 222 | 91 | |||||||||
| Net earnings | $ | 542 | $ | 520 | $ | 1,540 | $ | 1,309 | |||||
| Earnings per share | $ | 0.88 | $ | 0.85 | $ | 2.49 | $ | 2.14 | |||||
| Weighted avg. shares o/s-diluted | 618,330 | 612,192 | 618,330 | 612,192 | |||||||||
Contact: Kristie Richey
Chief Financial Officer
Phone-574-722-3855
Fax-574-722-3857
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were Logansport Financial's third-quarter 2026 earnings?
Logansport Financial earned $542,000, or $0.88 per diluted share, in the quarter ended September 30, 2026. That compares with $520,000, or $0.85 per diluted share, in the same quarter of 2025.
How did Logansport Financial's nine-month 2026 earnings compare with 2025?
Net earnings for the nine months ended September 30, 2026, were $1.540 million, compared with $1.309 million for the same period in 2025. Diluted earnings per share increased to $2.49 from $2.14.
How much did Logansport Financial pay in dividends during the first nine months of 2026?
Logansport Financial paid $1.80 per share in dividends during the first nine months of 2026, unchanged from the first nine months of 2025.