Logansport Financial Corp. Reports Net Earnings for the Quarter Ended June 30, 2023

LOGANSPORT, Ind., July 12, 2023 (GLOBE NEWSWIRE) — Logansport Financial Corp., (OTCQB, LOGN), parent company of Logansport Savings Bank, reported net earnings for the quarter ended June 30, 2023 of $529,000 or $0.86 per diluted share, compared to earnings in 2022 of $825,000 or $1.35 per diluted share. Year to date the company reported net earnings of $1,127,000 for 2023 compared to $1,608,000 for 2022. Diluted earnings per share for the six months ended June 30, 2023 were $1.84 compared to $2.64 for the six months ended June 30, 2022. Total assets at June 30, 2023 were $253.2 million compared to total assets at June 30, 2022 of $243.5 million. Total Deposits at June 30, 2023 were $215.4 million compared to total deposits of $220.5 million at June 30, 2022. The company paid a total of $3.40 per share in dividends in the first half of 2023 compared to $0.80 in 2022. This included a special dividend of $2.50 per share in 2023.

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