Century Next Financial Corporation Reports Strong 2nd Quarter 2025 Results
Century Next Financial Corporation (OTCQX: CTUY) reported exceptional Q2 2025 financial results, with net income reaching $3.94 million, a 28.5% increase from Q2 2024. The company achieved record-breaking earnings per share of $2.16 basic and $2.14 diluted.
Total assets grew to $923.6 million, up 6.24% from December 2024. The bank demonstrated strong deposit growth of $45.9 million, reaching $816.6 million. Net interest income increased by 19.8% to $9.73 million for Q2 2025, while maintaining an improved efficiency ratio of 51.35%.
The bank's asset quality remained strong with nonperforming assets at just 0.37% of total assets, and the allowance for credit losses stood at 1.06% of total loans.
Century Next Financial Corporation (OTCQX: CTUY) ha riportato risultati finanziari eccezionali nel secondo trimestre del 2025, con un utile netto di 3,94 milioni di dollari, in aumento del 28,5% rispetto al secondo trimestre del 2024. La società ha raggiunto un utile per azione record di 2,16 dollari base e 2,14 dollari diluito.
Gli attivi totali sono cresciuti a 923,6 milioni di dollari, con un aumento del 6,24% rispetto a dicembre 2024. La banca ha mostrato una forte crescita dei depositi di 45,9 milioni di dollari, raggiungendo 816,6 milioni di dollari. Il reddito netto da interessi è aumentato del 19,8%, arrivando a 9,73 milioni di dollari nel secondo trimestre del 2025, mantenendo un migliorato indice di efficienza del 51,35%.
La qualità degli attivi della banca è rimasta solida, con attività non performanti pari a solo il 0,37% del totale degli attivi e un accantonamento per perdite su crediti pari all'1,06% del totale dei prestiti.
Century Next Financial Corporation (OTCQX: CTUY) reportó resultados financieros excepcionales en el segundo trimestre de 2025, con un ingreso neto de 3,94 millones de dólares, un aumento del 28,5% respecto al segundo trimestre de 2024. La compañía alcanzó ganancias por acción récord de 2,16 dólares básicos y 2,14 dólares diluidos.
Los activos totales crecieron a 923,6 millones de dólares, un incremento del 6,24% desde diciembre de 2024. El banco mostró un sólido crecimiento en depósitos de 45,9 millones de dólares, llegando a 816,6 millones. El ingreso neto por intereses aumentó un 19,8% hasta 9,73 millones de dólares en el segundo trimestre de 2025, manteniendo una mejorada ratio de eficiencia del 51,35%.
La calidad de los activos del banco se mantuvo fuerte, con activos no productivos en solo el 0,37% del total de activos y la provisión para pérdidas por créditos en 1,06% del total de préstamos.
Century Next Financial Corporation (OTCQX: CTUY)는 2025년 2분기에 뛰어난 재무 실적을 보고했으며, 순이익은 394만 달러로 2024년 2분기 대비 28.5% 증가했습니다. 회사는 주당순이익에서 기본 2.16달러, 희석 2.14달러로 기록적인 성과를 달성했습니다.
총 자산은 9억 2,360만 달러로 2024년 12월 대비 6.24% 증가했습니다. 은행은 4,590만 달러의 강력한 예금 증가를 보이며 총 8억 1,660만 달러에 도달했습니다. 순이자수익은 2025년 2분기에 19.8% 증가한 973만 달러를 기록했으며, 효율성 비율은 51.35%로 개선되었습니다.
은행의 자산 건전성은 견고하게 유지되어, 부실자산 비율은 총 자산의 0.37%에 불과하며, 대손충당금은 총 대출의 1.06%에 해당합니다.
Century Next Financial Corporation (OTCQX : CTUY) a annoncé des résultats financiers exceptionnels pour le deuxième trimestre 2025, avec un bénéfice net atteignant 3,94 millions de dollars, soit une augmentation de 28,5 % par rapport au deuxième trimestre 2024. La société a enregistré un bénéfice par action record de 2,16 $ de base et 2,14 $ dilué.
Le total des actifs a augmenté pour atteindre 923,6 millions de dollars, en hausse de 6,24 % depuis décembre 2024. La banque a connu une forte croissance des dépôts de 45,9 millions de dollars, atteignant 816,6 millions de dollars. Le produit net d’intérêts a augmenté de 19,8 % pour atteindre 9,73 millions de dollars au deuxième trimestre 2025, tout en maintenant un ratio d’efficacité amélioré de 51,35 %.
La qualité des actifs de la banque est restée solide, avec un taux d’actifs non performants de seulement 0,37 % du total des actifs et une provision pour pertes sur créances s’élevant à 1,06 % du total des prêts.
Century Next Financial Corporation (OTCQX: CTUY) meldete herausragende Finanzergebnisse für das zweite Quartal 2025, mit einem Nettogewinn von 3,94 Millionen US-Dollar, was einem Anstieg von 28,5 % gegenüber dem zweiten Quartal 2024 entspricht. Das Unternehmen erzielte rekordverdächtige Gewinne je Aktie von 2,16 US-Dollar unverwässert und 2,14 US-Dollar verwässert.
Die Gesamtvermögenswerte stiegen auf 923,6 Millionen US-Dollar, ein Zuwachs von 6,24 % seit Dezember 2024. Die Bank verzeichnete ein starkes Wachstum der Einlagen um 45,9 Millionen US-Dollar und erreichte 816,6 Millionen US-Dollar. Der Nettozinsertrag stieg im zweiten Quartal 2025 um 19,8 % auf 9,73 Millionen US-Dollar, während die Effizienzquote auf 51,35 % verbessert wurde.
Die Vermögensqualität der Bank blieb robust, mit notleidenden Krediten von nur 0,37 % der Gesamtvermögenswerte und einer Rückstellung für Kreditverluste von 1,06 % der Gesamtforderungen.
- Net income increased 28.5% year-over-year to $3.94 million in Q2 2025
- Record-breaking EPS of $2.16 basic and $2.14 diluted in Q2 2025
- Strong deposit growth of $45.9 million (6% increase) to $816.6 million
- Improved efficiency ratio to 51.35% from 55.90% year-over-year
- Net interest margin improved to 4.40% from 4.16% year-over-year
- Nonperforming assets decreased to 0.37% of total assets from 0.46%
- Net charge-offs increased to $234,000 compared to net recoveries of $39,000 in 2024
- Non-interest income remained relatively flat at $916,000
- Non-interest expenses increased 8.2% to $5.47 million
- Average yield on interest-earning assets declined to 5.99% from 6.16%
RUSTON, La., July 18, 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 June 30, 2025, the Company had net income after tax of
For the six months ended June 30, 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
Deposit growth was strong for the six months ended June 30, 2025 as total deposits increased by
Total long-term borrowings remained the same at
Income Statement
Net interest income was
The following table shows key operating ratios for the three- and six-month periods ended June 30, 2025 compared to the same periods ended June 30, 2024:
| Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||
| Select Operating Ratios | 2025 | 2024 | 2025 | 2024 | |||||||||||
| Average Yield on Interest-Earning Assets | 5.99 | % | 6.16 | % | 5.96 | % | 6.14 | % | |||||||
| Average Cost of Interest-Bearing Liabilities | 3.12 | % | 3.41 | % | 3.11 | % | 3.39 | % | |||||||
| Net Interest Margin | 4.40 | % | 4.16 | % | 4.33 | % | 4.12 | % | |||||||
The yield on earning assets declined slightly and cost of interest-bearing liabilities improved modestly in both the three- and six-month periods ended June, 30, 2025. The net interest margin improved modestly in both the three- and six-month periods ended June 30, 2025 compared to the same periods in 2024.
For the three months ended June 30, 2025, a provision for credit losses of
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 under CECL was
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) | |||||||
| June 30, 2025 | December 31, 2024 | ||||||
| ASSETS | |||||||
| Cash and cash equivalents | $ | 130,804 | $ | 125,675 | |||
| Investment securities | 136,875 | 100,623 | |||||
| Loans, net | 617,973 | 605,439 | |||||
| Other assets | 37,973 | 37,663 | |||||
| TOTAL ASSETS | $ | 923,625 | $ | 869,400 | |||
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||
| Deposits | $ | 816,636 | $ | 770,710 | |||
| Long-term borrowings | 8,454 | 8,454 | |||||
| Other liabilities | 7,424 | 7,174 | |||||
| Total Liabilities | 832,514 | 786,338 | |||||
| Stockholders' equity | 91,111 | 83,062 | |||||
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 923,625 | $ | 869,400 | |||
| Book Value per share | $ | 49.20 | $ | 45.10 | |||
| Tangible Book Value per share | $ | 47.56 | $ | 43.38 | |||
| Century Next Financial Corporation and Subsidiary Consolidated Statements of Income (unaudited) | |||||||||||||||
| (In thousands, except per share data) | |||||||||||||||
| Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Interest Income | $ | 13,252 | $ | 12,019 | $ | 25,868 | $ | 23,430 | |||||||
| Interest Expense | 3,522 | 3,898 | 7,049 | 7,710 | |||||||||||
| Net Interest Income | 9,730 | 8,121 | 18,819 | 15,720 | |||||||||||
| Provision for Credit Losses | 223 | 150 | 298 | 150 | |||||||||||
| Net Interest Income after Provision for Credit Losses | 9,507 | 7,971 | 18,521 | 15,570 | |||||||||||
| Noninterest Income | 916 | 914 | 1,686 | 1,725 | |||||||||||
| Noninterest Expense | 5,467 | 5,051 | 10,880 | 10,180 | |||||||||||
| Income Before Taxes | 4,956 | 3,834 | 9,327 | 7,115 | |||||||||||
| Provision For Income Taxes | 1,019 | 770 | 1,939 | 1,390 | |||||||||||
| NET INCOME | $ | 3,937 | $ | 3,064 | $ | 7,388 | $ | 5,725 | |||||||
| EARNINGS PER SHARE | |||||||||||||||
| Basic | $ | 2.16 | $ | 1.70 | $ | 4.05 | $ | 3.18 | |||||||
| Diluted | $ | 2.14 | $ | 1.70 | $ | 4.02 | $ | 3.18 | |||||||
| Key Ratios: | |||||||||||||||
| Annualized Return on Average Assets | 1.63 | % | 1.44 | % | |||||||||||
| Annualized Return on Average Equity | 17.02 | % | 15.42 | % | |||||||||||
| Annualized Net Interest Margin | 4.33 | % | 4.12 | % | |||||||||||
| Efficiency Ratio | 53.06 | % | 58.35 | % | |||||||||||
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
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