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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) reported a decline in net earnings for Q3 2021, with $766,000 or $1.26 per diluted share, down from $1,534,000 or $2.51 per diluted share in Q3 2020. Year-to-date earnings fell to $2,364,000 in 2021 from $3,026,000 in 2020. Despite the earnings drop, total assets grew to $250.1 million compared to $223.3 million in the previous year. Cash dividends increased substantially to $3.20 per share in 2021, driven by a special dividend of $2.00 in February 2021.
Logansport Financial Corp. (LOGN) has declared a quarterly cash dividend of $0.40 per share for Q3 2021. This dividend is set to be paid on October 12, 2021, to shareholders of record as of September 10, 2021. This announcement reflects the company's commitment to returning value to its shareholders while maintaining a positive financial outlook.
Logansport Financial Corp. (LOGN) reported a net earnings of $665,000 or $1.09 diluted earnings per share (EPS) for Q2 2021, down from $879,000 or $1.44 EPS in 2020. Year-to-date earnings reached $1,598,000 in 2021 compared to $1,492,000 in 2020, with a 6% increase in diluted EPS for the first six months. Total assets rose to $243.4 million, and total deposits increased to $213.7 million. The company paid $2.80 in dividends per share in the first half of 2021, including a special dividend of $2.00.
Logansport Financial Corp. (LOGN) has announced a quarterly cash dividend of $.40 per share for Q2 2021. The dividend is set to be paid on July 13, 2021, to shareholders on record as of June 11, 2021. This move highlights the company’s commitment to returning value to its shareholders amidst the current economic climate.
Logansport Financial Corp. (OTCBB: LOGN) reported a net income of $934,000 or $1.52 per diluted share for Q1 2021, a significant increase from $613,000 or $1.00 per diluted share in the same period of 2020. The company’s total loans increased to $137.7 million, up from $135.0 million, while deposits rose to $213.0 million from $189.5 million. Total assets also grew to $243.0 million from $220.4 million. Shareholder equity reached $28.5 million, up from $25.1 million year-on-year.
Logansport Financial Corp. (OTCBB: LOGN) declared a special dividend of $2.00 per share for shareholders on record as of April 15, 2021. The dividend, which recognizes strong corporate performance, will be distributed on May 14, 2021. President Arden L. Cramer emphasized this payout as a reward for loyal shareholders, exceeding typical quarterly dividends.
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Logansport Financial Corp. (LOGN) announces the retirement of CEO Arden L. Cramer, effective August 31, 2021, after 15 years in the role. Current CFO Chad Higgins will succeed him, bringing over a decade of experience in the company. Cramer will remain on the board of Logansport Savings Bank, ensuring continuity in leadership and expertise. This transition is expected to provide fresh perspectives under Higgins while maintaining Cramer's insights into the local banking market.
Logitech International (SIX:LOGN) (Nasdaq:LOGI) has raised its Fiscal Year 2021 outlook to approximately 63% sales growth in constant currency, with projected non-GAAP operating income of $1.1 billion. The previous outlook anticipated 57-60% growth and $1.05 billion income. For Fiscal Year 2022, sales growth is expected to be flat, plus or minus 5%, with non-GAAP operating income between $750 million and $800 million. Long-term sales growth expectations rose to 8-10%, enhancing gross and operating margin targets.
Logansport Financial Corp. (LOGN) has declared a quarterly cash dividend of $0.40 per share for the first quarter of 2021. This dividend will be payable on April 16, 2021, to shareholders on record as of March 17, 2021. This announcement reflects the company’s commitment to providing returns to its shareholders.