Ledyard Financial Group Reports Q3 2024 Earnings and Declares Quarterly Dividend
LEDYARD FINCL GROUP INC (LFGP)
NASDAQ:AMEX Investor Relations:
investors.ledyardbank.com
Company Research
Source: Business Wire
HANOVER, N.H.--(BUSINESS WIRE)--Ledyard Financial Group, Inc. (the “Company”, OTCQX®: LFGP), the holding company for Ledyard National Bank (the “Bank”), today announced financial results for Q3 2024. With net income up slightly over the prior quarter and the balance sheet evolving, the Company’s strategic plan continues to be effective. By leveraging the integration of its banking and wealth management businesses, the Company promotes growth and the pursuit of making life better for its clients, its employees, its shareholders, and the communities it serves.Q3 2024 HighlightsQ3 2024 net income was $733 thousand ($0.22 per share), up $7 thousand over Q2 2024, and down $106 thousand from Q3 2023.Total assets ended the quarter at $938.0 million, having grown $30.0 million or 3.3% from the prior quarter, and ending $137.7 million or 17.2% higher than a year ago, driven primarily by loan growth.Loan growth in Q3 2024 continued to be robust, notably exceeding the annualized 2-3% industr
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