Century Next Financial Corporation Reports Record 1st Quarter 2025 Results
Century Next Financial (OTCQX: CTUY) reported strong Q1 2025 financial results with total assets reaching $909.7 million. The company achieved a record net income of $3.45 million, up 29.7% from $2.66 million in Q1 2024, with earnings per share increasing to $1.89 basic/$1.88 diluted from $1.48.
Key highlights include:
- Total deposits increased by $35.0 million (4.5%) to $805.7 million
- Net interest income grew 19.6% to $9.1 million
- Net interest margin improved to 4.26% from 4.08%
- Efficiency ratio decreased to 54.90% from 60.99%
The Board declared a cash dividend of $0.75 per share, payable June 5, 2025. The company's liquidity position strengthened to 28.1% of total assets, with total loans increasing by $10.8 million to $616.2 million.
Century Next Financial (OTCQX: CTUY) ha riportato risultati finanziari solidi nel primo trimestre 2025, con un totale attivo che ha raggiunto i 909,7 milioni di dollari. L'azienda ha registrato un utile netto record di 3,45 milioni di dollari, in crescita del 29,7% rispetto ai 2,66 milioni del primo trimestre 2024, con un utile per azione aumentato a 1,89 dollari base/1,88 diluito da 1,48 dollari.
I principali punti salienti includono:
- Depositi totali aumentati di 35,0 milioni di dollari (4,5%) a 805,7 milioni di dollari
- Reddito netto da interessi cresciuto del 19,6% a 9,1 milioni di dollari
- Margine di interesse netto migliorato al 4,26% dal 4,08%
- Indice di efficienza diminuito al 54,90% dal 60,99%
Il Consiglio ha dichiarato un dividendo in contanti di 0,75 dollari per azione, pagabile il 5 giugno 2025. La posizione di liquidità dell’azienda si è rafforzata al 28,1% del totale attivo, con i prestiti totali aumentati di 10,8 milioni di dollari a 616,2 milioni.
Century Next Financial (OTCQX: CTUY) reportó sólidos resultados financieros en el primer trimestre de 2025, con activos totales que alcanzaron los 909,7 millones de dólares. La compañía logró un ingreso neto récord de 3,45 millones de dólares, un aumento del 29,7% respecto a los 2,66 millones del primer trimestre de 2024, con ganancias por acción que aumentaron a 1,89 dólares básico/1,88 diluido desde 1,48 dólares.
Los aspectos más destacados incluyen:
- Depósitos totales incrementados en 35,0 millones de dólares (4,5%) hasta 805,7 millones de dólares
- Ingreso neto por intereses creció un 19,6% hasta 9,1 millones de dólares
- Margen neto de interés mejoró al 4,26% desde 4,08%
- Ratio de eficiencia disminuyó al 54,90% desde 60,99%
La Junta declaró un dividendo en efectivo de 0,75 dólares por acción, pagadero el 5 de junio de 2025. La posición de liquidez de la empresa se fortaleció al 28,1% de los activos totales, con préstamos totales que aumentaron en 10,8 millones de dólares hasta 616,2 millones.
Century Next Financial (OTCQX: CTUY)는 2025년 1분기 강력한 재무 실적을 보고했으며, 총 자산은 9억 970만 달러에 달했습니다. 회사는 기록적인 순이익 345만 달러를 달성했으며, 이는 2024년 1분기 266만 달러 대비 29.7% 증가한 수치로, 주당순이익은 기본 1.89달러/희석 1.88달러로 1.48달러에서 상승했습니다.
주요 내용은 다음과 같습니다:
- 총 예금이 3,500만 달러(4.5%) 증가하여 8억 5,570만 달러 달성
- 순이자수익이 19.6% 증가하여 910만 달러 기록
- 순이자마진이 4.08%에서 4.26%로 개선
- 효율성 비율이 60.99%에서 54.90%로 감소
이사회는 주당 0.75달러의 현금 배당을 선언했으며, 지급일은 2025년 6월 5일입니다. 회사의 유동성 비율은 총 자산의 28.1%로 강화되었으며, 총 대출금은 1,080만 달러 증가하여 6억 1,620만 달러가 되었습니다.
Century Next Financial (OTCQX : CTUY) a publié de solides résultats financiers pour le premier trimestre 2025, avec un total d’actifs atteignant 909,7 millions de dollars. La société a réalisé un revenu net record de 3,45 millions de dollars, en hausse de 29,7 % par rapport à 2,66 millions de dollars au premier trimestre 2024, avec un bénéfice par action passant à 1,89 $ de base/1,88 $ dilué contre 1,48 $.
Les points clés incluent :
- Les dépôts totaux ont augmenté de 35,0 millions de dollars (4,5 %) pour atteindre 805,7 millions de dollars
- Le revenu net d’intérêts a progressé de 19,6 % pour atteindre 9,1 millions de dollars
- La marge nette d’intérêt s’est améliorée à 4,26 % contre 4,08 %
- Le ratio d’efficacité a diminué à 54,90 % contre 60,99 %
Le conseil d’administration a déclaré un dividende en espèces de 0,75 $ par action, payable le 5 juin 2025. La position de liquidité de la société s’est renforcée à 28,1 % de l’actif total, avec un total de prêts en hausse de 10,8 millions de dollars à 616,2 millions.
Century Next Financial (OTCQX: CTUY) meldete starke Finanzergebnisse für das erste Quartal 2025, mit Gesamtvermögen in Höhe von 909,7 Millionen US-Dollar. Das Unternehmen erzielte einen rekordverdächtigen Nettogewinn von 3,45 Millionen US-Dollar, was einem Anstieg von 29,7 % gegenüber 2,66 Millionen US-Dollar im ersten Quartal 2024 entspricht, wobei der Gewinn je Aktie auf 1,89 US-Dollar unverwässert/1,88 US-Dollar verwässert von 1,48 US-Dollar stieg.
Wesentliche Highlights sind:
- Gesamteinlagen stiegen um 35,0 Millionen US-Dollar (4,5 %) auf 805,7 Millionen US-Dollar
- Nettozinsertrag wuchs um 19,6 % auf 9,1 Millionen US-Dollar
- Nettozinsmarge verbesserte sich von 4,08 % auf 4,26 %
- Effizienzquote sank von 60,99 % auf 54,90 %
Der Vorstand hat eine Bardividende von 0,75 US-Dollar je Aktie beschlossen, zahlbar am 5. Juni 2025. Die Liquiditätsposition des Unternehmens hat sich auf 28,1 % der Gesamtvermögen verbessert, die Gesamtkredite stiegen um 10,8 Millionen US-Dollar auf 616,2 Millionen US-Dollar.
- Net income increased 29.7% year-over-year to $3.45 million
- Net interest income grew 19.6% to $9.1 million
- Total deposits increased by $35.0 million (4.5%)
- Efficiency ratio improved to 54.90% from 60.99%
- Nonperforming assets decreased to 0.41% of total assets
- Net interest margin improved to 4.26% from 4.08%
- Non-interest income decreased by 5.1% to $770,000
- Non-interest expenses increased by 5.5% to $5.4 million
- Provision for credit losses increased to $75,000 from $0
RUSTON, La., April 23, 2025 (GLOBE NEWSWIRE) -- Century Next Financial Corporation (the “Company”) (OTCQX: CTUY), the holding company of Century Next Bank, with
Financial Performance
For the three months ended March 31, 2025, the Company had net income after tax of
Balance Sheet
Overall, total assets increased by
Total cash and cash equivalents increased from
Loans, net of deferred fees and costs and allowance for credit losses, including loans held for sale, increased
Total deposit increased by
Total long-term borrowings remained the same at
Income Statement
Net interest income was
For the three months ended March 31, 2025,
Total non-interest income was
Total non-interest expense increased by
The Company’s efficiency ratio, a measure of expense as a percent of total income, decreased to
Other Financial Information
Nonperforming assets, including loans past due 90 days or more, nonaccrual loans, and other foreclosed assets, decreased from
Allowance for credit losses was
Dividend Declaration
The Board of Directors has approved a cash dividend of
Company Information
Century Next Financial Corporation is the holding company for Century Next Bank (the “Bank”) which conducts business from its main office in Ruston, Louisiana. The Company was formed in 2010 and is subject to the regulatory oversight of the Board of Governors of the Federal Reserve System. The Bank is a wholly-owned subsidiary and is an insured federally-chartered covered savings association subject to the regulatory oversight of the Office of the Comptroller of the Currency. The Bank was established in 1905 and is headquartered in Ruston, Louisiana. The Bank is a full-service bank with four locations in Louisiana including two banking offices in Ruston, one banking office in Monroe, one banking office in West Monroe, and three locations in Arkansas including two banking offices in Crossett and one banking office in Hamburg. The Bank emphasizes professional and personal banking service directed primarily to small and medium-sized businesses, professionals, and individuals. The Bank provides a full range of banking services including its primary business of real estate lending to residential and commercial customers.
Statements contained in this news release which are not historical facts may be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” We undertake no obligation to update any forward-looking statements.
Century Next Financial Corporation and Subsidiary
Condensed Consolidated Balance Sheets (unaudited)
(In thousands, except per share data)
| March 31, 2025 | December 31, 2024 | ||||||
| ASSETS | |||||||
| Cash and cash equivalents | $ | 146,170 | $ | 125,675 | |||
| Investment securities | 110,300 | 100,623 | |||||
| Loans, net | 616,206 | 605,439 | |||||
| Other assets | 37,009 | 37,663 | |||||
| TOTAL ASSETS | $ | 909,685 | $ | 869,400 | |||
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||
| Deposits | $ | 805,721 | $ | 770,710 | |||
| Long-term borrowings | 8,454 | 8,454 | |||||
| Other liabilities | 7,506 | 7,174 | |||||
| Total Liabilities | 821,681 | 786,338 | |||||
| Stockholders' equity | 88,004 | 83,062 | |||||
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 909,685 | $ | 869,400 | |||
| Book Value per share | $ | 47.63 | $ | 45.10 | |||
| Tangible Book Value per share | $ | 45.95 | $ | 43.38 | |||
Century Next Financial Corporation and Subsidiary
Consolidated Statements of Income (unaudited)
(In thousands, except per share data)
| Three Months Ended March 31 | ||||||||
| 2025 | 2024 | |||||||
| Interest Income | $ | 12,616 | $ | 11,411 | ||||
| Interest Expense | 3,527 | 3,812 | ||||||
| Net Interest Income | 9,089 | 7,599 | ||||||
| Provision for Credit Losses | 75 | - | ||||||
| Net Interest Income after Provision for Credit Losses | 9,014 | 7,599 | ||||||
| Noninterest Income | 770 | 811 | ||||||
| Noninterest Expense | 5,413 | 5,129 | ||||||
| Income Before Taxes | 4,371 | 3,281 | ||||||
| Provision For Income Taxes | 920 | 620 | ||||||
| NET INCOME | $ | 3,451 | $ | 2,661 | ||||
| EARNINGS PER SHARE | ||||||||
| Basic | $ | 1.89 | $ | 1.48 | ||||
| Diluted | $ | 1.88 | $ | 1.48 | ||||
| Key Ratios: | ||||||||
| Annualized Return on Average Assets | 1.56 | % | 1.37 | % | ||||
| Annualized Return on Average Equity | 16.34 | % | 14.59 | % | ||||
| Annualized Net Interest Margin | 4.26 | % | 4.08 | % | ||||
| Efficiency Ratio | 54.90 | % | 60.99 | % | ||||
| Three Months Ended March 31 | ||||||||
| Select Operating Ratios | 2025 | 2024 | ||||||
| Average Yield on Interest-Earning Assets | 5.92 | % | 6.13 | % | ||||
| Average Cost of Interest-Bearing Liabilities | 3.10 | % | 3.36 | % | ||||
| Net Interest Margin | 4.26 | % | 4.08 | % | ||||
Century Next Financial Corporation Contact Information:
William D. Hogan, President & Chief Executive Officer or
Mark A. Taylor, CPA CGMA, Executive Vice President & Chief Financial Officer
(318) 255-3733
Company Website: www.cnext.bank
This press release was published by a CLEAR® Verified individual.
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