Logansport Financial Corp. Reports Net Earnings for the Quarter Ended June 30, 2025
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.
Logansport Financial Corp. (OTCQB:LOGN) ha riportato risultati finanziari solidi per il secondo trimestre del 2025. L'utile netto ha raggiunto 413.000 dollari (0,67 dollari per azione diluita), in aumento rispetto ai 349.000 dollari (0,57 dollari per azione) del secondo trimestre 2024. Gli utili da inizio anno al 2025 sono saliti a 790.000 dollari, rispetto ai 617.000 dollari del 2024.
Gli attivi totali della banca sono cresciuti a 260,2 milioni di dollari, con un incremento del 4,3% rispetto ai 249,6 milioni di dollari di giugno 2024. I depositi totali sono aumentati a 223,8 milioni di dollari, rispetto ai 211,7 milioni precedenti. La società ha mantenuto il dividendo a 0,90 dollari per azione per la prima metà del 2025. Tuttavia, i prestiti in sofferenza sono aumentati significativamente, passando da 392.000 a 3.395.000 dollari su base annua.
Logansport Financial Corp. (OTCQB:LOGN) reportó resultados financieros sólidos para el segundo trimestre de 2025. Las ganancias netas alcanzaron 413,000 dólares (0,67 dólares por acción diluida), frente a los 349,000 dólares (0,57 dólares por acción) del segundo trimestre de 2024. Las ganancias acumuladas en 2025 aumentaron a 790,000 dólares, comparado con 617,000 dólares en 2024.
Los activos totales del banco crecieron a 260,2 millones de dólares, un aumento del 4,3% desde 249,6 millones en junio de 2024. Los depósitos totales subieron a 223,8 millones de dólares, desde 211,7 millones. La compañía mantuvo el pago de dividendos en 0,90 dólares por acción para la primera mitad de 2025. Sin embargo, los préstamos morosos aumentaron significativamente, pasando de 392,000 a 3,395,000 dólares interanualmente.
Logansport Financial Corp. (OTCQB:LOGN)는 2025년 2분기에 강력한 재무 실적을 보고했습니다. 순이익은 413,000달러(희석 주당 0.67달러)로 2024년 2분기의 349,000달러(주당 0.57달러)에서 증가했습니다. 2025년 누적 수익은 790,000달러로 2024년의 617,000달러에 비해 상승했습니다.
은행의 총 자산은 2억 6,020만 달러로 2024년 6월의 2억 4,960만 달러에서 4.3% 증가했습니다. 총 예금은 2억 2,380만 달러로 2억 1,170만 달러에서 상승했습니다. 회사는 2025년 상반기 배당금을 주당 0.90달러로 유지했습니다. 그러나 부실 대출은 전년 대비 크게 증가하여 392,000달러에서 3,395,000달러로 늘어났습니다.
Logansport Financial Corp. (OTCQB:LOGN) a annoncé de solides résultats financiers pour le deuxième trimestre 2025. Le bénéfice net a atteint 413 000 $ (0,67 $ par action diluée), en hausse par rapport à 349 000 $ (0,57 $ par action) au deuxième trimestre 2024. Les bénéfices cumulés pour 2025 ont augmenté pour atteindre 790 000 $, contre 617 000 $ en 2024.
Le total des actifs de la banque a augmenté pour atteindre 260,2 millions de dollars, soit une hausse de 4,3 % par rapport à 249,6 millions en juin 2024. Les dépôts totaux sont passés à 223,8 millions de dollars, contre 211,7 millions précédemment. La société a maintenu son dividende à 0,90 $ par action pour le premier semestre 2025. Cependant, les prêts non performants ont considérablement augmenté, passant de 392 000 à 3 395 000 dollars d'une année sur l'autre.
Logansport Financial Corp. (OTCQB:LOGN) meldete starke Finanzergebnisse für das zweite Quartal 2025. Der Nettogewinn erreichte 413.000 US-Dollar (0,67 US-Dollar je verwässerter Aktie), gegenüber 349.000 US-Dollar (0,57 US-Dollar je Aktie) im zweiten Quartal 2024. Die Gewinne seit Jahresbeginn 2025 stiegen auf 790.000 US-Dollar im Vergleich zu 617.000 US-Dollar im Jahr 2024.
Die Gesamtaktiva der Bank wuchsen auf 260,2 Millionen US-Dollar, ein Anstieg von 4,3 % gegenüber 249,6 Millionen US-Dollar im Juni 2024. Die Gesamteinlagen stiegen auf 223,8 Millionen US-Dollar, von zuvor 211,7 Millionen. Das Unternehmen hielt die Dividendenzahlung für die erste Hälfte 2025 bei 0,90 US-Dollar je Aktie konstant. Die notleidenden Kredite stiegen jedoch deutlich von 392.000 auf 3.395.000 US-Dollar im Jahresvergleich.
- 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
- 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
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
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
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