Logansport Financial Corp. Reports Net Earnings for the Quarter Ended September 30, 2019
LOGANSPORT, Ind., Oct. 23, 2019 (GLOBE NEWSWIRE) — Logansport Financial Corp., (OTCBB, LOGN), parent company of Logansport Savings Bank, reported net earnings for the quarter ended September 30, 2019 of $602,000 or $.98 per diluted share, compared to earnings in 2018 of $556,000 or $.90 per diluted share. Year to date the company reported net earnings of $1,662,000 for 2019 compared to $1,671,000 for 2018. Diluted earnings per share for the nine months ended September 30, 2019 were $2.71 compared to $2.69 for the nine months ended September 30, 2018. Total assets at September 30, 2019 were $186.1 million compared to total assets at September 30, 2018 of $173.9 million. Cash dividends to shareholders Year to Date in 2019 total $3.80 compared to $1.00 in 2018, due in large part to the special dividend of $2.75 paid to shareholders in February of 2019.
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 any 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 (Unaudited)
(Dollars in thousands, except for share data)
Chad Higgins
Chief Financial Officer
Phone-574-722-3855
Fax-574-722-3857
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 any 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 (Unaudited)
(Dollars in thousands, except for share data)
Chad Higgins
Chief Financial Officer
Phone-574-722-3855
Fax-574-722-3857