Welcome to our dedicated page for Logansport Finl news (Ticker: LOGN), a resource for investors and traders seeking the latest updates and insights on Logansport Finl stock.
Logansport Financial Corp (LOGN), parent company of Logansport Savings Bank, delivers community-focused banking services across Cass County, Indiana. This page provides authorized updates about the institution's financial performance, leadership decisions, and customer offerings.
Investors and stakeholders will find timely press releases detailing quarterly earnings, regulatory disclosures, and strategic initiatives. Our curated collection ensures transparent access to material developments affecting the company's operations in personal/commercial banking markets.
Key updates include financial results, product launches, executive appointments, and regulatory compliance announcements. All content is sourced directly from company filings and verified communications to maintain accuracy.
Bookmark this page for streamlined tracking of LOGN's evolving role in Indiana's banking sector. Check regularly for new developments impacting deposit services, loan products, and digital banking innovations.
Logansport Financial Corp. (LOGN) reported net earnings of $596,000 or $0.98 per diluted share for Q1 2023, a decline from $783,000 or $1.28 per diluted share in Q1 2022. The company paid dividends of $0.45 per share during the quarter. As of March 31, 2023, total loans increased to $160.6 million, while deposits decreased to $209.3 million. Total assets were reported at $253.8 million, down from $255.0 million at year-end 2022. The allowance for loan losses rose to $2.9 million, while cash and cash equivalents dropped to $3.5 million. The financial results reflect ongoing economic challenges and pressures on the banking sector, with interest expenses significantly increasing to $844,000 from $116,000 in the prior year.
Logansport Financial Corp. (LOGN) has announced a Special Dividend of $2.50 per share for shareholders of record as of April 3, 2023. This dividend will be disbursed on May 3, 2023. According to President Chad Higgins, the board is pleased to reward loyal shareholders, attributing the dividend to the dedication of employees at Logansport Savings Bank amidst recent challenges. This decision reflects the corporation's commitment to shareholder value and financial health.
Logansport Financial Corp. (LOGN) has announced a quarterly cash dividend of $0.45 per share for Q1 2023. This dividend will be payable on April 24, 2023 to stockholders of record as of March 22, 2023. As a holding company for Logansport Savings Bank, this declaration reflects the company's ongoing commitment to returning value to its shareholders. This dividend amount is significant, as it indicates financial stability and shareholder confidence.
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