Ledyard Financial Group, Inc. (LFGP)

Ledyard Financial Group Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	36.8	27.47	17.68	12.97	13.33
Interest Income on Investments	10.02	12.66	10.81	7.79	5.97
Total Interest Income	46.82	40.13	28.49	20.76	19.29
Interest Paid on Deposits	18.62	19.52	6.64	0.61	0.76
Interest Paid on Borrowings	4.22	2.12	4.61	1.46	0.26
Total Interest Expense	22.84	21.63	11.25	2.07	1.02
Net Interest Income	23.98	18.5	17.23	18.69	18.27
Net Interest Income Growth (YoY)	29.65%	7.33%	-7.77%	2.25%	9.02%
Trust Income	17.45	14.22	12.66	12.78	13.17
Gain (Loss) on Sale of Investments	-0.18	0.3	-0.02	-2.97	0.17
Other Non-Interest Income	2.04	1.64	1.49	1.4	1.7
Total Non-Interest Income	19.3	16.16	14.13	11.21	15.04
Non-Interest Income Growth (YoY)	19.45%	14.40%	25.99%	-25.42%	-0.22%
Revenues Before Loan Losses	43.29	34.66	31.36	29.9	33.31
Provision for Loan Losses	0.87	0.62	0.67	-3.63	-0.45
Revenue	42.42	34.04	30.69	33.53	33.76
Revenue Growth (YoY)	24.61%	10.90%	-8.47%	-0.67%	15.89%
Salaries and Employee Benefits	20.12	17.67	15.88	15.11	14.31
Occupancy Expenses	8.24	7.07	6.23	4.78	4.25
Federal Deposit Insurance	0.79	0.53	0.33	0.2	0.18
Selling, General & Administrative	5.89	5.25	5.47	5.95	6.55
Total Non-Interest Expense	35.04	30.52	27.91	26.04	25.29
EBT Excluding Unusual Items	7.38	3.52	2.79	7.5	8.47
Pretax Income	7.38	3.52	2.79	7.5	8.47
Income Tax Expense	1.35	0.17	-0.38	0.52	0.71
Net Income	6.03	3.34	3.17	6.98	7.77
Net Income to Common	6.03	3.34	3.17	6.98	7.77
Net Income Growth	80.33%	5.65%	-54.66%	-10.10%	15.39%
Basic Shares Outstanding	3	3	3	3	3
Diluted Shares Outstanding	3	3	3	3	3
Shares Change (YoY)	0.54%	0.54%	0.63%	0.38%	2.19%
EPS (Basic)	1.81	1.01	0.96	2.14	2.42
EPS (Diluted)	1.80	1.00	0.96	2.13	2.38
EPS Growth	80.00%	4.17%	-54.93%	-10.50%	12.80%
Dividend Per Share	0.840	0.840	0.840	0.840	0.800
Dividend Growth	-	-	-	5.00%	5.26%
Effective Tax Rate	18.31%	4.95%	-	6.88%	8.36%

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