Ledyard Financial Group (LFGP) Declares $0.21 Quarterly Dividend; 6.3% Yield

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Go back to Ledyard Financial Group (LFGP) Declares $0.21 Quarterly Dividend; 6.3% Yield

Ledyard Financial Group Reports Q3 2023 Earnings and Declares Quarterly Dividend

October 27, 2023 12:34 PM EDT

HANOVER, N.H.--(BUSINESS WIRE)-- Ledyard Financial Group, Inc. (The Company, ticker symbol LFGP), the holding company for Ledyard National Bank, today announced financial results for Q3 2023 and declared a regular quarterly dividend.

Q3 2023 Highlights

Net income of $839 thousand, up 17% from Q2 2023, and down 60% from Q3 2022. Regular quarterly dividend of $0.21 declared. Client deposit growth of $9.8 million, or 1.8% over June 30, 2023. Net loan growth of $13.5 million, or 3.7% over June 30, 2023. Continued balance sheet strength, with Tier One Leverage Ratio of 9.25% and Total Risk-Based Capital Ratio of... More