Logansport Financial Corp. Reports Net Earnings for the Quarter Ended June 30, 2026
Rhea-AI Summary
Logansport Financial Corp. (OTCQB: LOGN) reported net earnings of $504,000, or $0.82 per diluted share, for the quarter ended June 30, 2026, up from $413,000, or $0.67, a year earlier. Year-to-date 2026 net earnings rose to $1.043 million versus $790,000 in 2025, with diluted EPS increasing to $1.69 from $1.45.
Total assets reached $276.6 million at June 30, 2026, compared with $260.2 million a year prior, while deposits grew to $239.3 million from $223.8 million. Net interest income for the quarter increased to $2.176 million from $1.741 million, as interest expense declined and interest income rose. Year-to-date net interest income was $4.220 million versus $3.488 million in 2025. Shareholders’ equity increased to $23.8 million, and the company paid $0.90 per share in dividends in the first half of both 2026 and 2025. Nonperforming loans stood at $5.3 million, up from $3.4 million a year earlier.
Positive
- Quarterly net earnings up to $504,000 from $413,000
- Diluted EPS rose to $0.82 from $0.67 for the quarter
- Year-to-date net earnings increased to $1.043M from $790,000
- Net interest income grew to $2.176M from $1.741M in the quarter
- Total assets expanded to $276.6M from $260.2M year over year
- Deposits increased to $239.3M from $223.8M year over year
Negative
- Nonperforming loans increased to $5.3M from $3.4M
- Quarterly operating expenses rose to $2.041M from $1.710M
- Year-to-date operating expenses climbed to $3.986M from $3.466M
AI-generated analysis. How Rhea-AI works. Not financial advice.
LOGANSPORT, Ind., July 24, 2026 (GLOBE NEWSWIRE) -- Logansport Financial Corp., (OTCQB, LOGN), parent company of Logansport Savings Bank, reported net earnings for the quarter ended June 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.
Contact: Kristie Richey
Chief Financial Officer
Phone-574-722-3855
Fax-574-722-3857
| Logansport Financial Corp. | ||||||||||||||||
| Selected Financial Data | ||||||||||||||||
| (Dollars in thousands except for share data) | ||||||||||||||||
| 6/30/2026 | 6/30/2025 | |||||||||||||||
| Total Assets | $ | 276,579 | $ | 260,221 | ||||||||||||
| Loans receivable, net | 188,342 | 173,350 | ||||||||||||||
| Allowance for loan losses | 1,978 | 1,872 | ||||||||||||||
| Cash and cash equivalents | 2,123 | 1,445 | ||||||||||||||
| Interest Bearing Time Deposits in banks | 3,807 | 11,581 | ||||||||||||||
| Securities available for sale | 58,750 | 52,550 | ||||||||||||||
| Federal Home Loan Bank stock | 3,150 | 3,150 | ||||||||||||||
| Deposits | 239,318 | 223,764 | ||||||||||||||
| FHLB borrowings and note payable | 12,373 | 15,000 | ||||||||||||||
| Shareholders’ equity | 23,767 | 20,479 | ||||||||||||||
| Shares Issued and Outstanding | 618,230 | 612,953 | ||||||||||||||
| Nonperforming loans | 5,302 | 3,395 | ||||||||||||||
| Real Estate Owned | – | – | ||||||||||||||
| Quarter ended 6/30 | Six months ended 6/30 | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| Interest income | $ | 3,655 | $ | 3,421 | $ | 7,077 | $ | 6,688 | ||||||||
| Interest expense | 1,479 | 1,680 | 2,857 | 3,200 | ||||||||||||
| Net interest income | 2,176 | 1,741 | 4,220 | 3,488 | ||||||||||||
| Provision for loan losses | – | – | (131 | ) | – | |||||||||||
| Net interest income after provision | 2,176 | 1,741 | 4,351 | 3,488 | ||||||||||||
| Gain on sale of investment | (9 | ) | – | (9 | ) | – | ||||||||||
| Gain on sale of loans | 56 | 76 | 104 | 129 | ||||||||||||
| Other income | 393 | 341 | 735 | 706 | ||||||||||||
| General, admin. & other expense | 2,041 | 1,710 | 3,986 | 3,466 | ||||||||||||
| Earnings before income taxes | 575 | 448 | 1,195 | 857 | ||||||||||||
| Income tax expense | 71 | 35 | 152 | 67 | ||||||||||||
| Net earnings | $ | 504 | $ | 413 | $ | 1,043 | $ | 790 | ||||||||
| Earnings per share | ||||||||||||||||
| Weighted avg. shares o/s-diluted | 618,230 | 612,953 | 618,230 | 612,953 | ||||||||||||