Century Next Fin - CTUY STOCK NEWS

Century Next Financial (OTCQX: CTUY), holding company of Century Next Bank, reported strong financial results for Q3 2024. Net income increased 59.8% to $3.02 million for the quarter, with EPS rising to $1.67 from $1.06 year-over-year. For the nine months ended September 30, 2024, net income grew 93.4% to $8.75 million.

The company's total assets increased 12.0% to $857.7 million, with significant growth in cash, cash equivalents, and investment securities. Deposits grew 11.8% to $760.4 million, driven by increases in noninterest-bearing and interest-bearing checking accounts. Net interest income rose 30.0% for the quarter and 34.4% for the nine-month period, with improved net interest margin. The efficiency ratio decreased substantially, indicating better operational performance.

Century Next Financial (OTCQX: CTUY), the holding company of Century Next Bank, reported strong financial results for Q2 2024. Net income increased by 94.7% to $3.06 million compared to Q2 2023. Earnings per share rose to $1.70 from $0.88 year-over-year. For the first half of 2024, net income grew by 117.5% to $5.73 million.

The company's total assets increased by 8.6% to $831.5 million, with significant growth in cash and cash equivalents (30.3%) and investment securities (83.1%). Deposit growth was strong, increasing by 8.8% to $739.7 million. The net interest margin improved to 4.16% for Q2 2024, up from 3.63% in Q2 2023. The company's efficiency ratio decreased substantially to 55.90% for Q2 2024, down from 70.62% in Q2 2023, indicating improved operational efficiency.

Century Next Financial reported record 1st quarter 2024 results with net income increasing by 151% to $2.66 million. Total assets grew by 3.6% to $793.8 million, with strong deposit growth and increased net interest income. Nonperforming assets decreased, and the company declared a cash dividend of $0.42 per share.

Century Next Financial Corporation (CTUY) reported a strong financial performance for the year ended December 31, 2023, with net income after tax of $6.75 million, an increase of 29.3% from the previous year. The company's total assets increased by 19.0% to $765.8 million, with total net loans and total deposits also showing significant growth. The company's financial results indicate a positive outlook for shareholders and the business in 2024.

Century Next Financial Corporation announces financial results for the 3rd quarter of 2023

Century Next Financial Corporation (CTUY) announces Q2 2023 financial results with net income of $1.57 million, an increase of 5.8% compared to the same period last year. Total assets increased by 8.7% to $699.5 million. Net interest income increased by 7.3% to $6 million. Non-interest income decreased by 23.5% to $856,000. Total non-interest expense increased by 6.9% to $4.8 million. Nonperforming assets decreased by $556,000. Century Next Bank is a full-service bank with locations in Louisiana and Arkansas.

Century Next Financial Corporation (OTCQX: CTUY) announced its Q1 2023 financial results with net income of $1.06 million, a 3.1% decrease from $1.09 million in Q1 2022. Earnings per share (EPS) fell to $0.59 from $0.62 year-over-year. Total assets increased by 8.2% to $696 million, driven by a significant increase in cash and cash equivalents, which rose by 56.9% to $66.5 million. Loans increased 4.7% to $563.4 million, while deposits grew 9.1% to $611.3 million. However, non-interest income decreased 14.9% to $781,000, primarily due to lower mortgage-related income. The dividend of $0.32 per share was declared, payable on June 8, 2023.

Century Next Financial Corporation (OTCQX: CTUY) reported a net income of $5.22 million for the year ending December 31, 2022, up 9.3% from $4.78 million in 2021. The company's earnings per share rose to $2.94 from $2.73. Total assets increased by 16.2% to $643.3 million, driven by a 23.0% increase in net loans, totaling $537.9 million. Deposits also saw an 18.1% increase, reaching $560.4 million. However, net interest income grew modestly by 0.9%, while non-interest income fell by 4.8%. The efficiency ratio worsened to 71.19%. Nonperforming assets rose to $1.64 million, indicating an increase in loans past due and nonaccrual loans.

Century Next Financial Corporation (OTCQX: CTUY) announced its 3rd quarter financial results for 2022, reporting a net income of $1.48 million, down 11.1% from $1.67 million in Q3 2021. Earnings per share (EPS) decreased to $0.84 from $0.95 year-over-year. However, year-to-date net income rose 30.6% to $4.06 million compared to $3.11 million in 2021, with EPS increasing from $1.78 to $2.29. Total assets grew by 13.8% to $629.7 million, driven by a 19.1% increase in net loans, primarily in commercial real estate. Non-interest income fell 13.8% in Q3, while expenses rose by 3.8%.