Logansport Financial Corp. Reports Net Earnings for the Quarter Ended March 31, 2025
Logansport Financial Corp. (LOGN) has reported strong financial results for Q1 2025. The company's net earnings increased to $377,000 ($0.61 per diluted share), up from $268,000 ($0.44 per diluted share) in Q1 2024.
Key financial highlights include:
- Total assets reached $266.2 million, up from $243.5 million
- Loans grew to $172.3 million from $168.5 million
- Deposits increased to $229.5 million from $194.6 million
- Shareholders received quarterly dividends of $0.45 per share
The bank's performance shows notable improvements in net interest income, rising to $1,922,000 from $1,614,000 year-over-year. Cash and cash equivalents significantly improved to $21.4 million from $2.6 million, while FHLB borrowings decreased to $15 million from $26.1 million.
Logansport Financial Corp. (LOGN) ha riportato risultati finanziari solidi per il primo trimestre del 2025. L'utile netto dell'azienda è aumentato a 377.000 $ (0,61 $ per azione diluita), rispetto ai 268.000 $ (0,44 $ per azione diluita) del primo trimestre 2024.
I principali dati finanziari includono:
- Totale attivi salito a 266,2 milioni di $, rispetto a 243,5 milioni di $
- I prestiti sono cresciuti a 172,3 milioni di $ da 168,5 milioni di $
- I depositi sono aumentati a 229,5 milioni di $ da 194,6 milioni di $
- Gli azionisti hanno ricevuto dividendi trimestrali di 0,45 $ per azione
La performance della banca mostra miglioramenti significativi nel reddito netto da interessi, salito a 1.922.000 $ da 1.614.000 $ anno su anno. La liquidità e le equivalenze di cassa sono aumentate notevolmente a 21,4 milioni di $ da 2,6 milioni di $, mentre i prestiti FHLB sono diminuiti a 15 milioni di $ da 26,1 milioni di $.
Logansport Financial Corp. (LOGN) ha reportado sólidos resultados financieros para el primer trimestre de 2025. Las ganancias netas de la compañía aumentaron a 377,000 $ (0.61 $ por acción diluida), frente a 268,000 $ (0.44 $ por acción diluida) en el primer trimestre de 2024.
Los aspectos financieros clave incluyen:
- Los activos totales alcanzaron 266.2 millones de $, frente a 243.5 millones de $
- Los préstamos crecieron a 172.3 millones de $ desde 168.5 millones de $
- Los depósitos aumentaron a 229.5 millones de $ desde 194.6 millones de $
- Los accionistas recibieron dividendos trimestrales de 0.45 $ por acción
El desempeño del banco muestra mejoras notables en los ingresos netos por intereses, que aumentaron a 1,922,000 $ desde 1,614,000 $ año tras año. El efectivo y equivalentes de efectivo mejoraron significativamente a 21.4 millones de $ desde 2.6 millones de $, mientras que los préstamos FHLB disminuyeron a 15 millones de $ desde 26.1 millones de $.
Logansport Financial Corp. (LOGN)는 2025년 1분기 강력한 재무 실적을 보고했습니다. 회사의 순이익은 2024년 1분기 268,000달러(희석 주당 0.44달러)에서 377,000달러(희석 주당 0.61달러)로 증가했습니다.
주요 재무 하이라이트는 다음과 같습니다:
- 총 자산은 2억 6,620만 달러로, 2억 4,350만 달러에서 증가
- 대출금은 1억 7,230만 달러로, 1억 6,850만 달러에서 성장
- 예금은 2억 2,950만 달러로, 1억 9,460만 달러에서 증가
- 주주들은 주당 0.45달러의 분기 배당금을 받음
은행의 실적은 순이자수익이 전년 동기 대비 1,614,000달러에서 1,922,000달러로 크게 개선되었음을 보여줍니다. 현금 및 현금성 자산은 260만 달러에서 2,140만 달러로 크게 증가했으며, FHLB 차입금은 2,610만 달러에서 1,500만 달러로 감소했습니다.
Logansport Financial Corp. (LOGN) a annoncé des résultats financiers solides pour le premier trimestre 2025. Le bénéfice net de la société a augmenté pour atteindre 377 000 $ (0,61 $ par action diluée), contre 268 000 $ (0,44 $ par action diluée) au premier trimestre 2024.
Les principaux points financiers comprennent :
- Les actifs totaux ont atteint 266,2 millions de $, contre 243,5 millions de $
- Les prêts ont augmenté à 172,3 millions de $ contre 168,5 millions de $
- Les dépôts ont progressé à 229,5 millions de $ contre 194,6 millions de $
- Les actionnaires ont reçu des dividendes trimestriels de 0,45 $ par action
La performance de la banque montre des améliorations notables du revenu net d’intérêts, passant de 1 614 000 $ à 1 922 000 $ d’une année sur l’autre. La trésorerie et les équivalents de trésorerie ont fortement augmenté, passant de 2,6 millions de $ à 21,4 millions de $, tandis que les emprunts FHLB ont diminué de 26,1 millions de $ à 15 millions de $.
Logansport Financial Corp. (LOGN) hat starke Finanzergebnisse für das erste Quartal 2025 gemeldet. Der Nettogewinn des Unternehmens stieg auf 377.000 $ (0,61 $ je verwässerter Aktie) gegenüber 268.000 $ (0,44 $ je verwässerter Aktie) im ersten Quartal 2024.
Wichtige finanzielle Highlights umfassen:
- Die Gesamtvermögenswerte erreichten 266,2 Millionen $, gegenüber 243,5 Millionen $
- Die Kredite stiegen auf 172,3 Millionen $ von 168,5 Millionen $
- Die Einlagen erhöhten sich auf 229,5 Millionen $ von 194,6 Millionen $
- Die Aktionäre erhielten vierteljährliche Dividenden von 0,45 $ je Aktie
Die Leistung der Bank zeigt deutliche Verbesserungen beim Nettozinsertrag, der von 1.614.000 $ auf 1.922.000 $ Jahr für Jahr gestiegen ist. Bargeld und Zahlungsmitteläquivalente verbesserten sich deutlich auf 21,4 Millionen $ von 2,6 Millionen $, während die FHLB-Kredite von 26,1 Millionen $ auf 15 Millionen $ zurückgingen.
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LOGANSPORT, Ind., April 16, 2025 (GLOBE NEWSWIRE) -- Logansport Financial Corp., (OTCBB, LOGN), parent company of Logansport Savings Bank, reported net earnings for the quarter ended March 31, 2025 of
Total loans were
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) | ||||||
| 3/31/2025 | 3/31/2024 | |||||
| Total Assets | $ | 266,202 | $ | 243,484 | ||
| Loans receivable, net | 172,300 | 168,491 | ||||
| Allowance for loan losses | 1,947 | 2,934 | ||||
| Cash and cash equivalents | 21,367 | 2,588 | ||||
| Interest Bearing Time Deposits in banks | - | - | ||||
| Securities available for sale | 53,820 | 57,318 | ||||
| Federal Home Loan Bank stock | 3,150 | 3,150 | ||||
| Deposits | 229,461 | 194,598 | ||||
| FHLB borrowings and note payable | 15,000 | 26,136 | ||||
| Shareholders' equity | 20,843 | 20,801 | ||||
| Shares Issued and Outstanding | 613,153 | 612,822 | ||||
| Nonperforming loans | 3,106 | 545 | ||||
| Real Estate Owned | - | - | ||||
| Three months ended 3/31 | ||||||
| 2025 | 2024 | |||||
| Interest income | $ | 3,442 | $ | 3,088 | ||
| Interest expense | 1,520 | 1,474 | ||||
| Net interest income | 1,922 | 1,614 | ||||
| Provision for loan losses | - | - | ||||
| Net interest income after provision | 1,922 | 1,614 | ||||
| Gain on sale of loans | 53 | 51 | ||||
| Other income | 190 | 240 | ||||
| General, admin. & other expense | 1,756 | 1,653 | ||||
| Earnings before income taxes | 409 | 252 | ||||
| Income tax expense | 32 | (16 | ) | |||
| Net earnings | $ | 377 | $ | 268 | ||
| Earnings per share | ||||||
| Weighted avg. shares o/s-diluted | 613,153 | 612,822 | ||||
Contact: Kristie Richey
Chief Financial Officer
Phone-574-722-3855
Fax-574-722-3857
FAQ
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