Logansport earnings increased 4.2% in the third quarter of 2026, as stronger net interest income was largely offset by higher operating expenses. Logansport Financial Corp., parent of Logansport Savings Bank, reported on October 21 that net earnings for the quarter ended September 30 reached $542,000, or $0.88 per diluted share, compared with $520,000, or $0.85, a year earlier.
Key Takeaways
- Quarterly net interest income increased faster than profit as operating expenses also rose.
- Net loans expanded 12.4% year over year, while nonperforming loans climbed to $5.23 million.
- Nine-month earnings rose 17.6%, and dividends paid remained unchanged at $1.80 per share.
Table of Contents
- Logansport earnings reflect higher income and costs
- Loan growth accompanies higher nonperforming balances
- Dividend payments hold steady
- Conclusion
Logansport earnings reflect higher income and costs
Third-quarter net interest income—the difference between interest earned and interest paid—rose to $2.208 million from $1.862 million a year earlier. Interest income increased to $3.660 million, while interest expense declined to $1.452 million.
General, administrative and other expenses increased to $2.106 million from $1.759 million. The $347,000 increase almost matched the $346,000 improvement in net interest income, limiting the benefit to quarterly profit.
Gains on loan sales rose to $100,000 from $70,000, while other income slipped to $364,000 from $371,000. The company recorded no loan-loss provision in either quarter.
For the first nine months of 2026, net earnings reached $1.540 million, compared with $1.309 million in the same period of 2025. Diluted earnings per share increased to $2.49 from $2.14.
| Item | Details |
|---|---|
| Balance-sheet comparison | September 30, 2026 versus September 30, 2025; figures rounded to millions. |
| Total assets | $281.12 million versus $270.11 million. |
| Deposits | $247.90 million versus $231.97 million. |
| Cash and cash equivalents | $6.21 million versus $18.28 million. |
| FHLB borrowings and note payable | $10.51 million versus $15.00 million. |
| Shareholders’ equity | $21.65 million versus $21.96 million. |
Loan growth accompanies higher nonperforming balances
Net loans receivable increased to $196.89 million at September 30, 2026, from $175.22 million a year earlier, a 12.4% rise.
Nonperforming loans increased to $5.23 million from $3.39 million, outpacing loan growth. The allowance for loan losses rose more modestly, to $2.25 million from $2.21 million. The company reported no real estate owned at either reporting date.
Deposits expanded while Federal Home Loan Bank borrowings and notes payable declined. Cash and cash equivalents also fell, showing that the larger balance sheet did not translate into higher cash holdings.
Dividend payments hold steady
The company paid $1.80 per share in dividends during the first nine months of 2026, unchanged from the corresponding period of 2025. These are payments already made, rather than guidance for a future dividend.
For investors managing those holdings, the bank’s shareholder service information provides instructions for dividend-check replacement, address changes and share transfers through Computershare.
Conclusion
Stronger interest income supported higher profit, but expenses absorbed much of the quarterly improvement and nonperforming loans increased. Subsequent results will show whether earnings growth keeps pace with the expanding loan book; the announcement provided no earnings guidance or next-release date.
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