Logansport Financial Corp. Reports Net Earnings for the Quarter Ended June 30, 2025

Rhea-AI Summary

Logansport Financial Corp. (OTCQB:LOGN) reported strong financial results for Q2 2025. Net earnings reached $413,000 ($0.67 per diluted share), up from $349,000 ($0.57 per share) in Q2 2024. Year-to-date earnings for 2025 increased to $790,000, compared to $617,000 in 2024.

The bank's total assets grew to $260.2 million, a 4.3% increase from $249.6 million in June 2024. Total deposits rose to $223.8 million, up from $211.7 million. The company maintained its dividend payment at $0.90 per share for the first half of 2025. However, nonperforming loans increased significantly to $3,395,000 from $392,000 year-over-year.

Positive

• Net earnings increased 18.3% to $413,000 in Q2 2025
• Year-to-date earnings grew 28% to $790,000
• Total assets increased 4.3% to $260.2 million
• Total deposits rose 5.7% to $223.8 million
• Net interest income improved 14.8% to $1.74 million in Q2

Negative

• Nonperforming loans increased significantly to $3.4 million from $392,000 year-over-year
• Other income declined 27.1% to $341,000 from $468,000
• Gain on sale of loans decreased 30.9% to $76,000 from $110,000

News Market Reaction

+6.49%

1 alert

+6.49% News Effect

On the day this news was published, LOGN gained 6.49%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

LOGANSPORT, Ind., July 24, 2025 (GLOBE NEWSWIRE) -- Logansport Financial Corp., (OTCQB, LOGN), parent company of Logansport Savings Bank, reported net earnings for the quarter ended June 30, 2025 of $413,000 or $0.67 per diluted share, compared to earnings in 2024 of $349,000 or $0.57 per diluted share. Year to date the company reported net earnings of $790,000 for 2025 compared to $617,000 for 2024. Diluted earnings per share for the six months ended June 30, 2025 were $1.45 compared to $1.01 for the six months ended June 30, 2024. Total assets at June 30, 2025 were $260.2 million compared to total assets at June 30, 2024 of $249.6 million. Total Deposits at June 30, 2025 were $223.8 million compared to total deposits of $211.7 million at June 30, 2024. The company paid a total of $0.90 per share in dividends in the first half of 2025 compared to $0.90 in 2024.

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)
		6/30/2025		6/30/2024
Total Assets		$	260,221	$	249,611
Loans receivable, net			173,350		170,147
Allowance for loan losses			1,872		2,885
Cash and cash equivalents			1,445		1,289
Interest Bearing Time Deposits in banks			11,581		5,914
Securities available for sale			52,550		56,270
Federal Home Loan Bank stock			3,150		3,150
Deposits			223,764		211,739
FHLB borrowings and note payable			15,000		15,000
Shareholders' equity			20,479		20,870
Shares Issued and Outstanding			612,953		611,822
Nonperforming loans			3,395		392
Real Estate Owned			-		-
		Quarter ended 6/30						Six months ended 6/30
			2025		2024				2025		2024
Interest income		$	3,421	$	3,130			$	6,688	$	6,042
Interest expense			1,680		1,613				3,200		3,087
Net interest income			1,741		1,517				3,488		2,955
Provision for loan losses			-		(49	)			-		(49	)
Net interest income after provision			1,741		1,566				3,488		3,004
Gain on sale of loans			76		110				129		161
Other income			341		468				706		885
General, admin. & other expense			1,710		1,786				3,466		3,440
Earnings before income taxes			448		358				857		610
Income tax expense			35		9				67		(7	)
Net earnings		$	413	$	349			$	790	$	617
Earnings per share		$	0.67	$	0.57			$	1.45	$	1.01
Weighted avg. shares o/s-diluted			612,953		611,822				612,953		611,822

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

FAQ

What were LOGN's earnings per share for Q2 2025?

Logansport Financial Corp. reported earnings of $0.67 per diluted share for Q2 2025, compared to $0.57 per share in Q2 2024.

How much did Logansport Financial's total deposits grow in Q2 2025?

Total deposits grew to $223.8 million as of June 30, 2025, an increase of $12.1 million or 5.7% from $211.7 million in June 2024.

What dividend did LOGN pay in the first half of 2025?

Logansport Financial Corp. paid a total dividend of $0.90 per share in the first half of 2025, unchanged from the same period in 2024.

How much did Logansport Financial's nonperforming loans increase in Q2 2025?

Nonperforming loans increased to $3.395 million as of June 30, 2025, up significantly from $392,000 in the same period of 2024.

What was LOGN's total asset value as of June 30, 2025?

Logansport Financial Corp.'s total assets were $260.2 million as of June 30, 2025, compared to $249.6 million a year earlier.