Logansport Financial Q2 profit rises on stronger net interest income

Overview

• US community bank's Q2 net earnings and EPS rose yr/yr

• Total assets and deposits increased from a year earlier

• Company maintained dividend at $0.90 per share for first half

Outlook

• Company did not provide specific guidance or outlook for future quarters or the full year

Result Drivers

• NET INTEREST INCOME - Higher net interest income contributed to increased net earnings

• INTEREST EXPENSE - Lower interest expense supported improved net interest income

• OPERATING EXPENSES - Higher general, administrative and other expenses partly offset gains

Company press release: ID:nGNXDnjy0

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)