Logansport Financial Corp. Reports Earnings for the Three and Twelve Months Ended December 31, 2024
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. (LOGN) ha riportato i risultati finanziari per il quarto trimestre e l'intero anno 2024. Gli utili netti del Q4 sono aumentati a $445.000, rispetto ai $295.000 del Q4 2023. Tuttavia, gli utili netti per l'intero anno sono diminuiti a $1.254.000 rispetto ai $1.791.000 del 2023.
I principali indicatori finanziari mostrano una performance mista: l'utile per azione 猫 sceso a $2,05 rispetto a $2,93, il ritorno sugli attivi 猫 diminuito allo 0,475% rispetto allo 0,723%, e il ritorno sul patrimonio netto 猫 calato al 6,14% rispetto all'8,65%. Gli attivi totali sono aumentati a $263.860.000 rispetto ai $247.713.000, mentre i prestiti netti sono aumentati a $175.742.000 rispetto ai $168.672.000. I depositi sono saliti a $225.904.000 rispetto ai $207.779.000.
Preoccupazioni notevoli includono un aumento dei prestiti non performanti a $2.907.000 rispetto ai $504.000, mentre l'accantonamento per perdite su prestiti 猫 diminuito a $1.954.000 rispetto ai $2.553.000.
Logansport Financial Corp. (LOGN) ha informado sus resultados financieros para el cuarto trimestre y el a帽o completo 2024. Las ganancias netas del Q4 aumentaron a $445,000, desde $295,000 en el Q4 2023. Sin embargo, las ganancias netas del a帽o completo disminuyeron a $1,254,000 desde $1,791,000 en 2023.
Los principales indicadores financieros muestran un desempe帽o mixto: las ganancias por acci贸n cayeron a $2.05 desde $2.93, el retorno sobre activos disminuy贸 al 0.475% desde el 0.723%, y el retorno sobre el patrimonio cay贸 al 6.14% desde el 8.65%. Los activos totales crecieron a $263,860,000 desde $247,713,000, mientras que los pr茅stamos netos aumentaron a $175,742,000 desde $168,672,000. Los dep贸sitos se elevaron a $225,904,000 desde $207,779,000.
Las preocupaciones notables incluyen un aumento en los pr茅stamos no productivos a $2,907,000 desde $504,000, mientras que la provisi贸n para p茅rdidas de pr茅stamos disminuy贸 a $1,954,000 desde $2,553,000.
搿滉贝鞀ろ彫韸� 韺岇澊雮胳厹 旖旐嵓霠堨澊靺� (LOGN)鞚� 2024雲� 4攵勱赴 氚� 鞝勳泊 鞐半弰鞚� 鞛 瓴瓣臣毳� 氚滍憸頄堨姷雼堧嫟. 須岇偓鞚� 4攵勱赴 靾滌澊鞚奠潃 $445,000搿� 歃濌皜頄堨溂氅�, 鞚措姅 2023雲� 4攵勱赴鞚� $295,000鞐愳劀 歃濌皜頃� 靾橃箻鞛呺媹雼�. 攴鸽煬雮� 鞝勳泊 鞐半弰鞚� 靾滌澊鞚奠潃 2023雲� $1,791,000鞐愳劀 $1,254,000搿� 臧愳唽頄堨姷雼堧嫟.
欤检殧 鞛 歆�響滊姅 順柬暕霅� 靹标臣毳� 氤挫棳欷嶋媹雼�: 欤茧嫻 靾滌澊鞚奠潃 $2.05搿� 臧愳唽頄堨溂氅�, 鞚措姅 $2.93鞐愳劀 頃橂澖頃� 瓴冹瀰雼堧嫟. 鞛愳偘 靾橃澋毳犾潃 0.475%搿� 臧愳唽頄堨溂氅�, 鞚措姅 0.723%鞐愳劀 頃橂澖頃� 瓴冹瀰雼堧嫟. 鞛愱赴鞛愲掣 靾橃澋毳犾潃 6.14%搿� 臧愳唽頄堨溂氅�, 鞚措姅 8.65%鞐愳劀 頃橂澖頃� 瓴冹瀰雼堧嫟. 齑� 鞛愳偘鞚� $263,860,000搿� 歃濌皜頄堨溂氅�, 鞚措姅 $247,713,000鞐愳劀 歃濌皜頃� 瓴冹瀰雼堧嫟. 靾� 雽�於滌潃 $175,742,000搿� 歃濌皜頄堨溂氅�, 鞚措姅 $168,672,000鞐愳劀 歃濌皜頃� 瓴冹瀰雼堧嫟. 鞓堦笀鞚� $225,904,000搿� 歃濌皜頄堨溂氅�, 鞚措姅 $207,779,000鞐愳劀 歃濌皜頃� 瓴冹瀰雼堧嫟.
欤茧頃� 毵岉暅 鞖半牑 靷暛鞚� 攵�鞁� 雽�於滌澊 $2,907,000搿� 歃濌皜頃� 瓴冹澊氅�, 鞚措姅 $504,000鞐愳劀 歃濌皜頃� 瓴冹瀰雼堧嫟. 氚橂┐, 雽�於� 靻愳嫟 於╇嫻旮堨潃 $1,954,000搿� 臧愳唽頄堨溂氅�, 鞚措姅 $2,553,000鞐愳劀 臧愳唽頃� 瓴冹瀰雼堧嫟.
Logansport Financial Corp. (LOGN) a publi茅 ses r茅sultats financiers pour le quatri猫me trimestre et l'ann茅e compl猫te 2024. Le b茅n茅fice net du Q4 a augment茅 脿 $445,000, contre $295,000 au Q4 2023. Cependant, le b茅n茅fice net pour l'ann茅e compl猫te a diminu茅 脿 $1,254,000 contre $1,791,000 en 2023.
Les principaux indicateurs financiers montrent des performances mitig茅es : le b茅n茅fice par action a chut茅 脿 $2,05 contre $2,93, le retour sur actifs a diminu茅 脿 0,475 % contre 0,723 %, et le retour sur capitaux propres est tomb茅 脿 6,14 % contre 8,65 %. Les actifs totaux ont augment茅 脿 $263,860,000 contre $247,713,000, tandis que les pr锚ts nets ont augment茅 脿 $175,742,000 contre $168,672,000. Les d茅p么ts ont augment茅 脿 $225,904,000 contre $207,779,000.
Les pr茅occupations notables incluent une augmentation des pr锚ts non performants 脿 $2,907,000 contre $504,000, tandis que la provision pour pertes sur pr锚ts a diminu茅 脿 $1,954,000 contre $2,553,000.
Logansport Financial Corp. (LOGN) hat seine finanziellen Ergebnisse f眉r das vierte Quartal und das Gesamtjahr 2024 ver枚ffentlicht. Der Nettogewinn im vierten Quartal stieg auf $445.000, verglichen mit $295.000 im vierten Quartal 2023. Der Nettogewinn f眉r das Gesamtjahr sank jedoch auf $1.254.000 von $1.791.000 im Jahr 2023.
Wichtige Finanzkennzahlen zeigen eine gemischte Leistung: Der Gewinn pro Aktie fiel auf $2,05 von $2,93, die Eigenkapitalrendite sank auf 0,475% von 0,723%, und die Gesamtkapitalrendite fiel auf 6,14% von 8,65%. Die Gesamtaktiva wuchsen auf $263.860.000 von $247.713.000, w盲hrend die Nettokredite auf $175.742.000 von $168.672.000 stiegen. Die Einlagen stiegen auf $225.904.000 von $207.779.000.
Bemerkenswerte Bedenken umfassen einen Anstieg der notleidenden Kredite auf $2.907.000 von $504.000, w盲hrend die R眉ckstellungen f眉r Kreditausf盲lle auf $1.954.000 von $2.553.000 gesenkt wurden.
- Q4 2024 net earnings increased 50.8% to $445,000 from $295,000 in Q4 2023
- Total assets grew 6.5% to $263.9M from $247.7M
- Net loans increased 4.2% to $175.7M from $168.7M
- Deposits grew 8.7% to $225.9M from $207.8M
- Gain on sale of loans increased to $393,000 from $170,000 in 2023
- Full-year 2024 net earnings decreased 30% to $1.25M from $1.79M in 2023
- Earnings per share declined 30% to $2.05 from $2.93
- Return on Equity decreased to 6.14% from 8.65%
- Return on Assets fell to 0.475% from 0.723%
- Nonperforming loans increased significantly to $2.91M from $504,000
- Allowance for loan losses decreased to $1.95M from $2.55M despite higher nonperforming loans
LOGANSPORT, Ind., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Logansport Financial Corp., (OTCBB: LOGN), parent company of Logansport Savings Bank, reported net earnings for the three and twelve months ended December 31, 2024.
Net earnings for the three months ended December 31, 2024 totaled
Net earnings for the year ended December 31, 2024 totaled
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鈥檚 investments and borrowers, changes in economic conditions in the Company鈥檚 market area, changes in policies of regulatory agencies, fluctuations in interest rates, demand for loans in the Company鈥檚 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 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) | ||||||
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| 听 | 听 | 12/31/2024 | 12/31/2023 | 听 | ||
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| Total Assets | 听 | 听 | ||||
| 听 | 听 | 听 | 听 | 听 | ||
| Loans receivable, net | 听 | 听 | 175,742 | 听 | 168,672 | 听 |
| Allowance for loan losses | 听 | 听 | 1,954 | 听 | 2,553 | 听 |
| Cash and cash equivalents | 听 | 听 | 14,992 | 听 | 4,810 | 听 |
| Interest Bearing Time Deposits in banks | 听 | 听 | - | 听 | - | 听 |
| Securities available for sale | 听 | 听 | 54,567 | 听 | 59,404 | 听 |
| Federal Home Loan Bank stock | 听 | 听 | 3,082 | 听 | 3,082 | 听 |
| Deposits | 听 | 听 | 225,904 | 听 | 207,779 | 听 |
| FHLB borrowings and note payable | 听 | 听 | 15,000 | 听 | 15,000 | 听 |
| Accrued Interest and other liabilities | 听 | 听 | 2,525 | 听 | 2,266 | 听 |
| Shareholders' equity | 听 | 听 | 20,431 | 听 | 20,717 | 听 |
| Shares Issued and Outstanding | 听 | 听 | 611,597 | 听 | 611,334 | 听 |
| Nonperforming loans | 听 | 听 | 2,907 | 听 | 504 | 听 |
| AG真人官方 Estate Owned | 听 | 听 | - | 听 | - | 听 |
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| 听 | 听 | 听听听听听听听Three months ended 12/31 | 听 | 听听听听听听听Year ended 12/31 | 听 | |||||||
| 听 | 听 | 听 | 2024 | 听 | 2023 | 听 | 听 | 2024 | 听 | 听 | 2023 | 听 |
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| Interest income | 听 | 听 | 听 | 听 | ||||||||
| Interest expense | 听 | 听 | 1,552 | 听 | 1,554 | 听 | 听 | 6,209 | 听 | 听 | 4,897 | 听 |
| Net interest income | 听 | 听 | 2,007 | 听 | 1,700 | 听 | 听 | 6,772 | 听 | 听 | 7,070 | 听 |
| Provision for loan losses | 听 | 听 | - | 听 | - | 听 | 听 | (79 | ) | 听 | - | 听 |
| Net interest income after provision | 听 | 听 | 2,007 | 听 | 1,700 | 听 | 听 | 6,851 | 听 | 听 | 7,070 | 听 |
| Gain on sale of loans | 听 | 听 | 133 | 听 | 36 | 听 | 听 | 393 | 听 | 听 | 170 | 听 |
| Other income | 听 | 听 | 211 | 听 | 179 | 听 | 听 | 999 | 听 | 听 | 1,018 | 听 |
| General, admin. & other expense | 听 | 听 | 1,797 | 听 | 1,580 | 听 | 听 | 6,968 | 听 | 听 | 6,247 | 听 |
| Earnings before income taxes | 听 | 听 | 554 | 听 | 335 | 听 | 听 | 1,275 | 听 | 听 | 2,011 | 听 |
| Income tax expense | 听 | 听 | 109 | 听 | 40 | 听 | 听 | 21 | 听 | 听 | 220 | 听 |
| Net earnings | 听 | 听 | 听 | 听 | ||||||||
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| Earnings per share | 听 | 听 | 听 | 听 | 听 | 听 | ||||||
| Weighted avg. shares o/s-diluted | 听 | 听 | 听 | 听 | 听 | 608,124 | 听 | 听 | 608,272 | 听 | ||
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Contact: Kristie Richey
Chief Financial Officer
Phone-574-722-3855
Fax-574-722-3857
FAQ
What were LOGN's Q4 2024 earnings compared to Q4 2023?
How much did LOGN's full-year earnings decline in 2024?
What was LOGN's earnings per share for 2024?
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What was LOGN's Return on Equity (ROE) for 2024?
