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Logansport Financial Corp. (Symbol: LOGN) is the holding company for Logansport Savings Bank, providing various banking products and services to both individuals and businesses in Cass County, Indiana. The company's comprehensive suite of personal banking products includes checking accounts, NOW accounts, savings accounts, health savings accounts, certificates of deposit, individual retirement accounts, and a range of loans such as mortgage, home equity lines, home improvement, construction, commercial buildings, farm, consumer, education, and car loans. Additionally, they offer internet and mobile banking services, overdraft protection, and more.
For businesses, Logansport Financial Corp. offers commercial checking accounts, commercial savings accounts and certificates of deposit, money market accounts, commercial sweep accounts, ACH debit/credit capabilities, and electronic federal tax payment systems. They also provide remote banking and merchant card services, wires, coin services, night deposit bags, and more to streamline business banking operations for their clients.
In terms of financial performance, Logansport Financial Corp. reported net earnings for the quarter ended June 30, 2023, at $529,000 or $0.86 per diluted share, and $371,000 or $0.61 per diluted share for the third quarter ended September 30, 2023. Year-to-date net earnings for 2023 stand at $1,501,000, compared to $2,428,000 for the same period in 2022. The company's total assets as of September 30, 2023, were $244.3 million, with total deposits at $200.9 million.
The company has also been proactive in rewarding its shareholders, paying $3.85 per share in dividends in the first nine months of 2023, including a special dividend of $2.50 per share. This marks a significant increase from the $1.20 dividend paid in the same period in 2022.
Logansport Financial Corp. continues to be a key player in the local banking sector, offering robust financial services and maintaining a strong financial position, underpinned by their commitment to customer satisfaction and community service.
Logansport Financial Corp. (LOGN) has declared a quarterly cash dividend of $0.40 per share for Q3 2022. This dividend is scheduled for payment on October 17, 2022, to shareholders on record as of September 16, 2022. The announcement reflects the company’s ongoing commitment to returning value to its shareholders while maintaining its operations through its subsidiary, Logansport Savings Bank, in Logansport, Indiana.
Logansport Financial Corp. (OTCQB: LOGN) reported strong net earnings of $825,000 or $1.35 per diluted share for Q2 2022, up from $665,000 or $1.09 per share in Q2 2021. Year-to-date earnings reached $1,608,000, slightly higher than $1,598,000 in 2021. Diluted EPS for the first half of 2022 remained stable at $2.64 compared to $2.63 in 2021. However, total assets decreased to $242.3 million from $243.4 million year-over-year, while total deposits increased to $220.5 million from $213.7 million. Dividends paid per share decreased from $2.80 in 2021 to $0.80 in 2022.
Logansport Financial Corp. (OTCBB – LOGN) declared a quarterly cash dividend of $0.40 per share for the second quarter of 2022. This dividend is set to be paid on July 18, 2022, to shareholders on record as of June 17, 2022. The announcement underscores the company’s commitment to returning value to its shareholders amidst ongoing operations through its subsidiary, Logansport Savings Bank.
Logansport Financial Corp. (LOGN) reported a net earnings decrease in Q1 2022, with net earnings of $783,000 or $1.28 per diluted share compared to $934,000 or $1.52 per diluted share in Q1 2021. Total loans increased to $143.4 million from $139.5 million, while total deposits rose to $218.7 million from $216.6 million. Total assets fell to $244.9 million, down from $247.7 million. The company declared a dividend of $0.40 per share for the first quarter.
Logansport Financial Corp. (LOGN) announced a quarterly cash dividend of $0.40 per share for Q1 2022. This dividend is scheduled for payment on April 22, 2022, to shareholders on record as of March 22, 2022. The bank operates as a holding company for Logansport Savings Bank, emphasizing its commitment to returning value to shareholders.
Logansport Financial Corp. (LOGN) has declared a quarterly cash dividend of $.40 per share for Q1 2022, payable on April 22, 2022. This dividend is for shareholders on record as of March 22, 2022. The announcement reflects the company's commitment to return value to its shareholders.
Logansport Financial Corp (LOGN) reported Q4 net earnings of $843,000, a decrease from $889,000 in Q4 2020. For the full year 2021, net earnings were $3,207,000, down from $3,915,000 in 2020. Earnings per share fell to $5.26 from $6.40. The return on assets was 1.30%, a decline from 1.78%, while return on equity decreased to 11.27% from 13.76%. Total assets increased to $247,706,000, up from $220,365,000 year-over-year.
Logansport Financial Corp. (LOGN) has announced a quarterly cash dividend of $.40 per share for Q4 2021. This dividend is set to be paid on January 17, 2022 to shareholders of record as of December 16, 2021. The declaration reflects the company's ongoing commitment to returning value to shareholders.
Logansport Financial Corp. (LOGN) reported a decline in net earnings for Q3 2021, with $766,000 or $1.26 per diluted share, down from $1,534,000 or $2.51 per diluted share in Q3 2020. Year-to-date earnings fell to $2,364,000 in 2021 from $3,026,000 in 2020. Despite the earnings drop, total assets grew to $250.1 million compared to $223.3 million in the previous year. Cash dividends increased substantially to $3.20 per share in 2021, driven by a special dividend of $2.00 in February 2021.
Logansport Financial Corp. (LOGN) has declared a quarterly cash dividend of $0.40 per share for Q3 2021. This dividend is set to be paid on October 12, 2021, to shareholders of record as of September 10, 2021. This announcement reflects the company's commitment to returning value to its shareholders while maintaining a positive financial outlook.
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