Logansport Financial Corp. Reports Net Earnings for the Quarter Ended March 31, 2025
Logansport Financial Corp. (LOGN) has reported strong financial results for Q1 2025. The company's net earnings increased to $377,000 ($0.61 per diluted share), up from $268,000 ($0.44 per diluted share) in Q1 2024.
Key financial highlights include:
- Total assets reached $266.2 million, up from $243.5 million
- Loans grew to $172.3 million from $168.5 million
- Deposits increased to $229.5 million from $194.6 million
- Shareholders received quarterly dividends of $0.45 per share
The bank's performance shows notable improvements in net interest income, rising to $1,922,000 from $1,614,000 year-over-year. Cash and cash equivalents significantly improved to $21.4 million from $2.6 million, while FHLB borrowings decreased to $15 million from $26.1 million.
Logansport Financial Corp. (LOGN) ha riportato risultati finanziari solidi per il primo trimestre del 2025. L'utile netto dell'azienda 猫 aumentato a 377.000 $ (0,61 $ per azione diluita), rispetto ai 268.000 $ (0,44 $ per azione diluita) del primo trimestre 2024.
I principali dati finanziari includono:
- Totale attivi salito a 266,2 milioni di $, rispetto a 243,5 milioni di $
- I prestiti sono cresciuti a 172,3 milioni di $ da 168,5 milioni di $
- I depositi sono aumentati a 229,5 milioni di $ da 194,6 milioni di $
- Gli azionisti hanno ricevuto dividendi trimestrali di 0,45 $ per azione
La performance della banca mostra miglioramenti significativi nel reddito netto da interessi, salito a 1.922.000 $ da 1.614.000 $ anno su anno. La liquidit脿 e le equivalenze di cassa sono aumentate notevolmente a 21,4 milioni di $ da 2,6 milioni di $, mentre i prestiti FHLB sono diminuiti a 15 milioni di $ da 26,1 milioni di $.
Logansport Financial Corp. (LOGN) ha reportado s贸lidos resultados financieros para el primer trimestre de 2025. Las ganancias netas de la compa帽铆a aumentaron a 377,000 $ (0.61 $ por acci贸n diluida), frente a 268,000 $ (0.44 $ por acci贸n diluida) en el primer trimestre de 2024.
Los aspectos financieros clave incluyen:
- Los activos totales alcanzaron 266.2 millones de $, frente a 243.5 millones de $
- Los pr茅stamos crecieron a 172.3 millones de $ desde 168.5 millones de $
- Los dep贸sitos aumentaron a 229.5 millones de $ desde 194.6 millones de $
- Los accionistas recibieron dividendos trimestrales de 0.45 $ por acci贸n
El desempe帽o del banco muestra mejoras notables en los ingresos netos por intereses, que aumentaron a 1,922,000 $ desde 1,614,000 $ a帽o tras a帽o. El efectivo y equivalentes de efectivo mejoraron significativamente a 21.4 millones de $ desde 2.6 millones de $, mientras que los pr茅stamos FHLB disminuyeron a 15 millones de $ desde 26.1 millones de $.
Logansport Financial Corp. (LOGN)電� 2025雲� 1攵勱赴 臧曤牓頃� 鞛 鞁れ爜鞚� 氤搓碃頄堨姷雼堧嫟. 須岇偓鞚� 靾滌澊鞚奠潃 2024雲� 1攵勱赴 268,000雼煬(頋劃 欤茧嫻 0.44雼煬)鞐愳劀 377,000雼煬(頋劃 欤茧嫻 0.61雼煬)搿� 歃濌皜頄堨姷雼堧嫟.
欤检殧 鞛 頃橃澊霛检澊韸鸽姅 雼れ潓瓿� 臧欖姷雼堧嫟:
- 齑� 鞛愳偘鞚� 2鞏� 6,620毵� 雼煬搿�, 2鞏� 4,350毵� 雼煬鞐愳劀 歃濌皜
- 雽�於滉笀鞚� 1鞏� 7,230毵� 雼煬搿�, 1鞏� 6,850毵� 雼煬鞐愳劀 靹膘灔
- 鞓堦笀鞚� 2鞏� 2,950毵� 雼煬搿�, 1鞏� 9,460毵� 雼煬鞐愳劀 歃濌皜
- 欤检＜霌れ潃 欤茧嫻 0.45雼煬鞚� 攵勱赴 氚半嫻旮堨潉 氚涭潓
鞚�頄夓潣 鞁れ爜鞚� 靾滌澊鞛愳垬鞚奠澊 鞝勲厔 霃欔赴 雽�牍� 1,614,000雼煬鞐愳劀 1,922,000雼煬搿� 韥矊 臧滌劆霅橃棃鞚岇潉 氤挫棳欷嶋媹雼�. 順勱笀 氚� 順勱笀靹� 鞛愳偘鞚� 260毵� 雼煬鞐愳劀 2,140毵� 雼煬搿� 韥矊 歃濌皜頄堨溂氅�, FHLB 彀瀰旮堨潃 2,610毵� 雼煬鞐愳劀 1,500毵� 雼煬搿� 臧愳唽頄堨姷雼堧嫟.
Logansport Financial Corp. (LOGN) a annonc茅 des r茅sultats financiers solides pour le premier trimestre 2025. Le b茅n茅fice net de la soci茅t茅 a augment茅 pour atteindre 377 000 $ (0,61 $ par action dilu茅e), contre 268 000 $ (0,44 $ par action dilu茅e) au premier trimestre 2024.
Les principaux points financiers comprennent :
- Les actifs totaux ont atteint 266,2 millions de $, contre 243,5 millions de $
- Les pr锚ts ont augment茅 脿 172,3 millions de $ contre 168,5 millions de $
- Les d茅p么ts ont progress茅 脿 229,5 millions de $ contre 194,6 millions de $
- Les actionnaires ont re莽u des dividendes trimestriels de 0,45 $ par action
La performance de la banque montre des am茅liorations notables du revenu net d鈥檌nt茅r锚ts, passant de 1 614 000 $ 脿 1 922 000 $ d鈥檜ne ann茅e sur l鈥檃utre. La tr茅sorerie et les 茅quivalents de tr茅sorerie ont fortement augment茅, passant de 2,6 millions de $ 脿 21,4 millions de $, tandis que les emprunts FHLB ont diminu茅 de 26,1 millions de $ 脿 15 millions de $.
Logansport Financial Corp. (LOGN) hat starke Finanzergebnisse f眉r das erste Quartal 2025 gemeldet. Der Nettogewinn des Unternehmens stieg auf 377.000 $ (0,61 $ je verw盲sserter Aktie) gegen眉ber 268.000 $ (0,44 $ je verw盲sserter Aktie) im ersten Quartal 2024.
Wichtige finanzielle Highlights umfassen:
- Die Gesamtverm枚genswerte erreichten 266,2 Millionen $, gegen眉ber 243,5 Millionen $
- Die Kredite stiegen auf 172,3 Millionen $ von 168,5 Millionen $
- Die Einlagen erh枚hten sich auf 229,5 Millionen $ von 194,6 Millionen $
- Die Aktion盲re erhielten viertelj盲hrliche Dividenden von 0,45 $ je Aktie
Die Leistung der Bank zeigt deutliche Verbesserungen beim Nettozinsertrag, der von 1.614.000 $ auf 1.922.000 $ Jahr f眉r Jahr gestiegen ist. Bargeld und Zahlungsmittel盲quivalente verbesserten sich deutlich auf 21,4 Millionen $ von 2,6 Millionen $, w盲hrend die FHLB-Kredite von 26,1 Millionen $ auf 15 Millionen $ zur眉ckgingen.
- None.
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LOGANSPORT, Ind., April 16, 2025 (GLOBE NEWSWIRE) -- Logansport Financial Corp., (OTCBB, LOGN), parent company of Logansport Savings Bank, reported net earnings for the quarter ended March 31, 2025 of
Total loans were
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 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.
| Logansport Financial Corp. | ||||||
| Selected Financial Data | ||||||
| (Dollars in thousands except for share data) | ||||||
| 听 | 听 | 听 | 听 | |||
| 听 | 听 | 听 | ||||
| 听 | 听 | 3/31/2025 | 3/31/2024 | 听 | ||
| 听 | 听 | 听 | 听 | |||
| Total Assets | 听 | $ | 266,202 | $ | 243,484 | 听 |
| 听 | 听 | 听 | 听 | |||
| Loans receivable, net | 听 | 听 | 172,300 | 听 | 168,491 | 听 |
| Allowance for loan losses | 听 | 听 | 1,947 | 听 | 2,934 | 听 |
| Cash and cash equivalents | 听 | 听 | 21,367 | 听 | 2,588 | 听 |
| Interest Bearing Time Deposits in banks | 听 | 听 | - | 听 | - | 听 |
| Securities available for sale | 听 | 听 | 53,820 | 听 | 57,318 | 听 |
| Federal Home Loan Bank stock | 听 | 听 | 3,150 | 听 | 3,150 | 听 |
| Deposits | 听 | 听 | 229,461 | 听 | 194,598 | 听 |
| FHLB borrowings and note payable | 听 | 听 | 15,000 | 听 | 26,136 | 听 |
| Shareholders' equity | 听 | 听 | 20,843 | 听 | 20,801 | 听 |
| Shares Issued and Outstanding | 听 | 听 | 613,153 | 听 | 612,822 | 听 |
| Nonperforming loans | 听 | 听 | 3,106 | 听 | 545 | 听 |
| AG真人官方 Estate Owned | 听 | 听 | - | 听 | - | 听 |
| 听 | 听 | 听 | 听 | |||
| 听 | 听 | 听 | 听 | |||
| 听 | 听 | Three months ended 3/31 | ||||
| 听 | 听 | 听 | 2025 | 听 | 2024 | 听 |
| 听 | 听 | 听 | 听 | |||
| Interest income | 听 | $ | 3,442 | $ | 3,088 | 听 |
| Interest expense | 听 | 听 | 1,520 | 听 | 1,474 | 听 |
| Net interest income | 听 | 听 | 1,922 | 听 | 1,614 | 听 |
| Provision for loan losses | 听 | 听 | - | 听 | - | 听 |
| Net interest income after provision | 听 | 听 | 1,922 | 听 | 1,614 | 听 |
| Gain on sale of loans | 听 | 听 | 53 | 听 | 51 | 听 |
| Other income | 听 | 听 | 190 | 听 | 240 | 听 |
| General, admin. & other expense | 听 | 听 | 1,756 | 听 | 1,653 | 听 |
| Earnings before income taxes | 听 | 听 | 409 | 听 | 252 | 听 |
| Income tax expense | 听 | 听 | 32 | 听 | (16 | ) |
| Net earnings | 听 | $ | 377 | $ | 268 | 听 |
| Earnings per share | 听 | 听 | ||||
| Weighted avg. shares o/s-diluted | 听 | 听 | 613,153 | 听 | 612,822 | 听 |
Contact: Kristie Richey
Chief Financial Officer
Phone-574-722-3855
Fax-574-722-3857
FAQ
What was Logansport Financial's (LOGN) earnings per share in Q1 2025?
How much did LOGN's deposits grow from Q1 2024 to Q1 2025?
What dividend did LOGN pay to shareholders in Q1 2025?
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What was LOGN's net interest income for Q1 2025?
