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Logansport Financial Corp. reports recurring bank holding company updates for Logansport Savings Bank, a state commercial bank based in Logansport, Indiana. Company news centers on quarterly and annual earnings, diluted earnings per share, return measures, loan balances, deposits, total assets, and cash dividends on LOGN common stock.
Its releases typically frame performance through community-bank balance sheet measures and shareholder distributions, reflecting the company's role as the parent of a local commercial banking institution.
Logansport Financial Corp. (LOGN) has declared a quarterly cash dividend of $0.45 per share for the first quarter of 2025. The dividend will be paid on April 14, 2025 to shareholders of record as of March 13, 2025. The company, which serves as the holding company for Logansport Savings Bank, a State Commercial bank in Logansport, Indiana, made this announcement on February 20, 2025.
Logansport Financial Corp. (LOGN) has reported its financial results for Q4 and full-year 2024. The company's Q4 net earnings increased to $445,000, up from $295,000 in Q4 2023. However, full-year net earnings decreased to $1,254,000 from $1,791,000 in 2023.
Key financial metrics show mixed performance: earnings per share declined to $2.05 from $2.93, Return on Assets decreased to 0.475% from 0.723%, and Return on Equity fell to 6.14% from 8.65%. Total assets grew to $263,860,000 from $247,713,000, while net loans increased to $175,742,000 from $168,672,000. Deposits rose to $225,904,000 from $207,779,000.
Notable concerns include an increase in nonperforming loans to $2,907,000 from $504,000, while the allowance for loan losses decreased to $1,954,000 from $2,553,000.
Logansport Financial Corp (OTCBB: LOGN), the holding company for Logansport Savings Bank, has declared a quarterly cash dividend of $0.45 per share for the fourth quarter of 2024. The dividend will be paid on January 13, 2025 to shareholders of record as of December 12, 2024. The company operates as a State Commercial bank based in Logansport, Indiana.
Logansport Financial Corp. (OTCQB: LOGN), parent of Logansport Savings Bank, reported its financial results for Q3 2024. The company's net earnings for the quarter were $192,000 or $0.31 per diluted share, down from $371,000 or $0.61 per diluted share in Q3 2023. Year-to-date net earnings for 2024 were $808,000, compared to $1,501,000 in 2023. Diluted earnings per share for the first nine months of 2024 were $1.32, down from $2.46 in the same period of 2023.
Total assets as of September 30, 2024, stood at $256.9 million, an increase from $244.3 million a year earlier. Total deposits slightly decreased to $216.6 million from $219.4 million in the previous year. The company paid $1.35 per share in dividends during the first nine months of 2024, compared to $3.85 in 2023, which included a special dividend of $2.50 per share.
Logansport Financial Corp. (OTCBB: LOGN), the holding company for Logansport Savings Bank, has declared a quarterly cash dividend of $0.45 per share for the third quarter of 2024. The dividend will be payable on October 15, 2024, to shareholders of record as of September 13, 2024. This announcement demonstrates the company's commitment to returning value to its shareholders and may indicate financial stability. Logansport Savings Bank is a State Commercial bank located in Logansport, Indiana.
Logansport Financial Corp. (OTCQB: LOGN) reported its financial results for Q2 2024. The company's net earnings for the quarter were $349,000 or $0.57 per diluted share, down from $529,000 or $0.86 per diluted share in Q2 2023. For the first half of 2024, net earnings were $617,000 ($1.01 per diluted share), compared to $1,127,000 ($1.84 per diluted share) in the same period of 2023.
Total assets decreased to $249.6 million as of June 30, 2024, from $253.2 million a year earlier. Total deposits also declined to $211.7 million from $216.2 million. The company paid $0.90 per share in dividends during H1 2024, compared to $3.40 in H1 2023, which included a special dividend of $2.50 per share.
Logansport Financial Corp. (OTCQB: LOGN) reported its Q2 2024 financial results. The company's net earnings for the quarter were $349,000 or $0.57 per diluted share, down from $529,000 or $0.86 per diluted share in Q2 2023. For the first half of 2024, net earnings were $617,000 ($1.01 per diluted share), compared to $1,127,000 ($1.84 per diluted share) in the same period of 2023.
Total assets decreased to $249.6 million as of June 30, 2024, from $253.2 million a year earlier. Total deposits also declined to $211.7 million from $216.2 million. The company paid $0.90 per share in dividends during H1 2024, compared to $3.40 in H1 2023, which included a special dividend of $2.50 per share.
Logansport Financial Corp. (OTCBB: LOGN), the parent company of Logansport Savings Bank, has announced a second-quarter cash dividend of $0.45 per share of its common stock for 2024.
This dividend will be payable on July 15, 2024, to shareholders recorded as of June 14, 2024.
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