Ledyard Financial Group, Inc. (LFGP)

Ledyard Financial Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	-	27.47	17.68	12.97	13.33	13.47
Interest Income on Investments	-	12.66	10.81	7.79	5.97	4.87
Total Interest Income	-	40.13	28.49	20.76	19.29	18.34
Interest Paid on Deposits	-	19.52	6.64	0.61	0.76	1.06
Interest Paid on Borrowings	-	2.12	4.61	1.46	0.26	0.52
Total Interest Expense	-	21.63	11.25	2.07	1.02	1.58
Net Interest Income	19.88	18.5	17.23	18.69	18.27	16.76
Net Interest Income Growth (YoY)	20.22%	7.33%	-7.77%	2.25%	9.02%	4.28%
Trust Income	14.84	14.13	12.66	12.78	13.17	11.61
Gain (Loss) on Sale of Investments	0.2	0.3	-0.02	-2.97	0.17	1.43
Other Non-Interest Income	1.72	1.64	1.49	1.4	1.7	2.02
Total Non-Interest Income	16.75	16.08	14.13	11.21	15.04	15.07
Non-Interest Income Growth (YoY)	15.91%	13.81%	25.99%	-25.42%	-0.22%	18.74%
Revenues Before Loan Losses	36.64	34.58	31.36	29.9	33.31	31.83
Provision for Loan Losses	0.62	0.62	0.67	-3.63	-0.45	2.7
Revenue	36.02	33.96	30.69	33.53	33.76	29.13
Revenue Growth (YoY)	20.61%	10.63%	-8.47%	-0.67%	15.89%	1.27%
Salaries and Employee Benefits	17.62	17.62	15.88	15.11	14.31	12.8
Occupancy Expenses	7.07	7.07	6.23	4.78	4.25	4.17
Federal Deposit Insurance	0.53	0.53	0.33	0.2	0.18	0.17
Selling, General & Administrative	5.3	5.3	5.47	5.95	6.55	4.7
Total Non-Interest Expense	31.52	30.52	27.91	26.04	25.29	21.84
EBT Excluding Unusual Items	4.5	3.44	2.79	7.5	8.47	7.29
Pretax Income	4.5	3.44	2.79	7.5	8.47	7.29
Income Tax Expense	0.49	0.17	-0.38	0.52	0.71	0.56
Net Income	4	3.26	3.17	6.98	7.77	6.73
Net Income to Common	4	3.26	3.17	6.98	7.77	6.73
Net Income Growth	87.45%	3.04%	-54.66%	-10.10%	15.39%	15.70%
Basic Shares Outstanding	3	3	3	3	3	3
Diluted Shares Outstanding	3	3	3	3	3	3
Shares Change (YoY)	1.24%	0.85%	0.63%	0.38%	2.19%	0.60%
EPS (Basic)	1.20	0.98	0.96	2.14	2.42	2.13
EPS (Diluted)	1.20	0.98	0.96	2.13	2.38	2.11
EPS Growth	84.96%	2.08%	-54.93%	-10.50%	12.80%	15.30%
Dividend Per Share	0.840	0.840	0.840	0.840	0.800	0.760
Dividend Growth	-	-	-	5.00%	5.26%	2.70%
Effective Tax Rate	10.98%	5.07%	-	6.88%	8.36%	7.72%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.