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Ledyard Financial Group, Inc. (symbol: LFGP) is a prominent player in the financial services sector, known for its comprehensive array of banking and financial solutions. Headquartered in Hanover, New Hampshire, Ledyard Financial Group offers a broad spectrum of services including personal and business banking, wealth management, and investment advisory.
The company prides itself on delivering personalized financial strategies tailored to meet the unique needs of its clients. By leveraging its extensive industry expertise and robust technological infrastructure, Ledyard Financial Group ensures optimal financial outcomes for both individual and corporate clients.
In recent years, Ledyard Financial Group has made significant strides in expanding its market presence and enhancing its service offerings. The firm has forged strategic partnerships with leading financial technology providers, enabling it to offer cutting-edge digital banking solutions that enhance customer convenience and operational efficiency. Additionally, Ledyard Financial Group has been actively involved in several community development projects, reinforcing its commitment to corporate social responsibility.
Financially, Ledyard Financial Group maintains a strong balance sheet, characterized by consistent revenue growth, prudent risk management, and a solid capital base. The company’s financial stability is further underscored by its regular dividend payments, reflecting its commitment to delivering shareholder value.
As of the latest updates, Ledyard Financial Group continues to focus on innovation and customer-centricity, with several new projects in the pipeline aimed at expanding its digital footprint and enhancing client engagement. The company's ongoing initiatives and strategic direction position it well for sustained growth and long-term success in the competitive financial services landscape.
Ledyard Financial Group (LFGP) reported strong Q4 2024 results with net income of $1.3 million ($0.40 per share), up 82% from Q3 2024. Full-year 2024 net income reached $3.3 million ($0.98 per share), surpassing 2023's $0.96 per share.
Key Q4 highlights include total assets reaching $950.6 million (up 11.2% YoY), robust loan growth of 8.9% QoQ, and net interest margin expansion to 2.35%. The company executed a strategic sale-leaseback transaction of two properties for a $1.3 million gain, while selling $28 million in bonds at a $1.1 million loss.
Assets under management ended at $2.14 billion, with wealth management revenue up 15.1% YoY. The company declared a quarterly dividend of $0.21 per share. Credit quality remains strong with the allowance for credit losses providing 3x coverage of non-performing assets.
Ledyard Financial Group (LFGP) reported Q3 2024 net income of $733,000 ($0.22 per share), slightly up from Q2 2024 but down from Q3 2023. Total assets reached $938.0 million, growing 3.3% quarterly and 17.2% yearly. Loan growth was robust at 7.2% quarterly and 38.2% yearly. Client deposits increased by $34.8 million quarterly and $207.2 million yearly. Net interest margin improved to 2.18%. Assets under management reached $2.16 billion, up 6.1% quarterly and 21.9% yearly. The company declared a quarterly dividend of $0.21 per share.
Ledyard Financial Group (OTCQX: LFGP) reported Q2 2024 net income of $726,000 ($0.22 per share), up $263,000 from Q1 2024 and $7,000 from Q2 2023. Key highlights include:
- Total assets grew 1.5% to $908.0 million, up 21.2% year-over-year
- Gross loans increased 8.5% to $496.2 million, up 33.5% year-over-year
- Client deposits rose by $23.9 million quarter-over-quarter and $182.2 million year-over-year
- Assets under management reached $2.04 billion, up 0.8% from Q1 and 12.0% year-over-year
- Net interest margin widened to 2.14% from 2.01% in Q1 2024
The company declared a quarterly dividend of $0.21 per share, payable on September 6, 2024.
Ledyard Financial Group, Inc. (OTCQX: LFGP) reported Q1 2024 earnings with net income of $463 thousand, an increase from Q4 2023 but a decrease from Q1 2023. Total assets grew by 4.6% from the prior quarter and 19.8% from a year ago. Loan balances increased by 9.2% from the prior quarter and 25.8% from a year ago. A regular quarterly dividend of $0.21 per share was declared.
Ledyard Financial Group, Inc. (LFGP) announced its Q1 2023 financial results, reporting a net income of
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