Logansport Financial Corp. Reports Earnings for the Three and Twelve Months Ended December 31, 2024
Logansport Financial Corp. (LOGN) has reported its financial results for Q4 and full-year 2024. The company's Q4 net earnings increased to $445,000, up from $295,000 in Q4 2023. However, full-year net earnings decreased to $1,254,000 from $1,791,000 in 2023.
Key financial metrics show mixed performance: earnings per share declined to $2.05 from $2.93, Return on Assets decreased to 0.475% from 0.723%, and Return on Equity fell to 6.14% from 8.65%. Total assets grew to $263,860,000 from $247,713,000, while net loans increased to $175,742,000 from $168,672,000. Deposits rose to $225,904,000 from $207,779,000.
Notable concerns include an increase in nonperforming loans to $2,907,000 from $504,000, while the allowance for loan losses decreased to $1,954,000 from $2,553,000.
Logansport Financial Corp. (LOGN) ha riportato i risultati finanziari per il quarto trimestre e l'intero anno 2024. Gli utili netti del Q4 sono aumentati a $445.000, rispetto ai $295.000 del Q4 2023. Tuttavia, gli utili netti per l'intero anno sono diminuiti a $1.254.000 rispetto ai $1.791.000 del 2023.
I principali indicatori finanziari mostrano una performance mista: l'utile per azione è sceso a $2,05 rispetto a $2,93, il ritorno sugli attivi è diminuito allo 0,475% rispetto allo 0,723%, e il ritorno sul patrimonio netto è calato al 6,14% rispetto all'8,65%. Gli attivi totali sono aumentati a $263.860.000 rispetto ai $247.713.000, mentre i prestiti netti sono aumentati a $175.742.000 rispetto ai $168.672.000. I depositi sono saliti a $225.904.000 rispetto ai $207.779.000.
Preoccupazioni notevoli includono un aumento dei prestiti non performanti a $2.907.000 rispetto ai $504.000, mentre l'accantonamento per perdite su prestiti è diminuito a $1.954.000 rispetto ai $2.553.000.
Logansport Financial Corp. (LOGN) ha informado sus resultados financieros para el cuarto trimestre y el año completo 2024. Las ganancias netas del Q4 aumentaron a $445,000, desde $295,000 en el Q4 2023. Sin embargo, las ganancias netas del año completo disminuyeron a $1,254,000 desde $1,791,000 en 2023.
Los principales indicadores financieros muestran un desempeño mixto: las ganancias por acción cayeron a $2.05 desde $2.93, el retorno sobre activos disminuyó al 0.475% desde el 0.723%, y el retorno sobre el patrimonio cayó al 6.14% desde el 8.65%. Los activos totales crecieron a $263,860,000 desde $247,713,000, mientras que los préstamos netos aumentaron a $175,742,000 desde $168,672,000. Los depósitos se elevaron a $225,904,000 desde $207,779,000.
Las preocupaciones notables incluyen un aumento en los préstamos no productivos a $2,907,000 desde $504,000, mientras que la provisión para pérdidas de préstamos disminuyó a $1,954,000 desde $2,553,000.
로건스포트 파이낸셜 코퍼레이션 (LOGN)은 2024년 4분기 및 전체 연도의 재무 결과를 발표했습니다. 회사의 4분기 순이익은 $445,000로 증가했으며, 이는 2023년 4분기의 $295,000에서 증가한 수치입니다. 그러나 전체 연도의 순이익은 2023년 $1,791,000에서 $1,254,000로 감소했습니다.
주요 재무 지표는 혼합된 성과를 보여줍니다: 주당 순이익은 $2.05로 감소했으며, 이는 $2.93에서 하락한 것입니다. 자산 수익률은 0.475%로 감소했으며, 이는 0.723%에서 하락한 것입니다. 자기자본 수익률은 6.14%로 감소했으며, 이는 8.65%에서 하락한 것입니다. 총 자산은 $263,860,000로 증가했으며, 이는 $247,713,000에서 증가한 것입니다. 순 대출은 $175,742,000로 증가했으며, 이는 $168,672,000에서 증가한 것입니다. 예금은 $225,904,000로 증가했으며, 이는 $207,779,000에서 증가한 것입니다.
주목할 만한 우려 사항은 부실 대출이 $2,907,000로 증가한 것이며, 이는 $504,000에서 증가한 것입니다. 반면, 대출 손실 충당금은 $1,954,000로 감소했으며, 이는 $2,553,000에서 감소한 것입니다.
Logansport Financial Corp. (LOGN) a publié ses résultats financiers pour le quatrième trimestre et l'année complète 2024. Le bénéfice net du Q4 a augmenté à $445,000, contre $295,000 au Q4 2023. Cependant, le bénéfice net pour l'année complète a diminué à $1,254,000 contre $1,791,000 en 2023.
Les principaux indicateurs financiers montrent des performances mitigées : le bénéfice par action a chuté à $2,05 contre $2,93, le retour sur actifs a diminué à 0,475 % contre 0,723 %, et le retour sur capitaux propres est tombé à 6,14 % contre 8,65 %. Les actifs totaux ont augmenté à $263,860,000 contre $247,713,000, tandis que les prêts nets ont augmenté à $175,742,000 contre $168,672,000. Les dépôts ont augmenté à $225,904,000 contre $207,779,000.
Les préoccupations notables incluent une augmentation des prêts non performants à $2,907,000 contre $504,000, tandis que la provision pour pertes sur prêts a diminué à $1,954,000 contre $2,553,000.
Logansport Financial Corp. (LOGN) hat seine finanziellen Ergebnisse für das vierte Quartal und das Gesamtjahr 2024 veröffentlicht. Der Nettogewinn im vierten Quartal stieg auf $445.000, verglichen mit $295.000 im vierten Quartal 2023. Der Nettogewinn für das Gesamtjahr sank jedoch auf $1.254.000 von $1.791.000 im Jahr 2023.
Wichtige Finanzkennzahlen zeigen eine gemischte Leistung: Der Gewinn pro Aktie fiel auf $2,05 von $2,93, die Eigenkapitalrendite sank auf 0,475% von 0,723%, und die Gesamtkapitalrendite fiel auf 6,14% von 8,65%. Die Gesamtaktiva wuchsen auf $263.860.000 von $247.713.000, während die Nettokredite auf $175.742.000 von $168.672.000 stiegen. Die Einlagen stiegen auf $225.904.000 von $207.779.000.
Bemerkenswerte Bedenken umfassen einen Anstieg der notleidenden Kredite auf $2.907.000 von $504.000, während die Rückstellungen für Kreditausfälle auf $1.954.000 von $2.553.000 gesenkt wurden.
- Q4 2024 net earnings increased 50.8% to $445,000 from $295,000 in Q4 2023
- Total assets grew 6.5% to $263.9M from $247.7M
- Net loans increased 4.2% to $175.7M from $168.7M
- Deposits grew 8.7% to $225.9M from $207.8M
- Gain on sale of loans increased to $393,000 from $170,000 in 2023
- Full-year 2024 net earnings decreased 30% to $1.25M from $1.79M in 2023
- Earnings per share declined 30% to $2.05 from $2.93
- Return on Equity decreased to 6.14% from 8.65%
- Return on Assets fell to 0.475% from 0.723%
- Nonperforming loans increased significantly to $2.91M from $504,000
- Allowance for loan losses decreased to $1.95M from $2.55M despite higher nonperforming loans
LOGANSPORT, Ind., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Logansport Financial Corp., (OTCBB: LOGN), parent company of Logansport Savings Bank, reported net earnings for the three and twelve months ended December 31, 2024.
Net earnings for the three months ended December 31, 2024 totaled
Net earnings for the year ended December 31, 2024 totaled
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’s investments and borrowers, changes in economic conditions in the Company’s market area, changes in policies of regulatory agencies, fluctuations in interest rates, demand for loans in the Company’s 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 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) | ||||||
| 12/31/2024 | 12/31/2023 | |||||
| Total Assets | ||||||
| Loans receivable, net | 175,742 | 168,672 | ||||
| Allowance for loan losses | 1,954 | 2,553 | ||||
| Cash and cash equivalents | 14,992 | 4,810 | ||||
| Interest Bearing Time Deposits in banks | - | - | ||||
| Securities available for sale | 54,567 | 59,404 | ||||
| Federal Home Loan Bank stock | 3,082 | 3,082 | ||||
| Deposits | 225,904 | 207,779 | ||||
| FHLB borrowings and note payable | 15,000 | 15,000 | ||||
| Accrued Interest and other liabilities | 2,525 | 2,266 | ||||
| Shareholders' equity | 20,431 | 20,717 | ||||
| Shares Issued and Outstanding | 611,597 | 611,334 | ||||
| Nonperforming loans | 2,907 | 504 | ||||
| Real Estate Owned | - | - | ||||
| Three months ended 12/31 | Year ended 12/31 | |||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||
| Interest income | ||||||||||||
| Interest expense | 1,552 | 1,554 | 6,209 | 4,897 | ||||||||
| Net interest income | 2,007 | 1,700 | 6,772 | 7,070 | ||||||||
| Provision for loan losses | - | - | (79 | ) | - | |||||||
| Net interest income after provision | 2,007 | 1,700 | 6,851 | 7,070 | ||||||||
| Gain on sale of loans | 133 | 36 | 393 | 170 | ||||||||
| Other income | 211 | 179 | 999 | 1,018 | ||||||||
| General, admin. & other expense | 1,797 | 1,580 | 6,968 | 6,247 | ||||||||
| Earnings before income taxes | 554 | 335 | 1,275 | 2,011 | ||||||||
| Income tax expense | 109 | 40 | 21 | 220 | ||||||||
| Net earnings | ||||||||||||
| Earnings per share | ||||||||||||
| Weighted avg. shares o/s-diluted | 608,124 | 608,272 | ||||||||||
Contact: Kristie Richey
Chief Financial Officer
Phone-574-722-3855
Fax-574-722-3857
FAQ
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