Articles from Ledyard Financial Group, Inc.

Ledyard Financial Group, Inc. (the “Company”, OTCQX®: LFGP), the holding company for Ledyard National Bank (the “Bank”), today announced financial results for Q2 2025. Quarterly net income per share increased to $0.39 from $0.36 in the prior quarter (up 8%), as core business activity continued to expand. Strong loan growth continued to drive balance sheet growth, and wealth management revenue increased despite market volatility during the quarter. Reflecting the continued success of the company’s strategic investments, net income in the quarter was up 80% over the comparable year-ago period. The Company continues to leverage the integration of its banking and wealth management businesses, promoting growth and the pursuit of making life better for its clients, its employees, its shareholders, and the communities it serves.

Ledyard Financial Group, Inc. (the “Company”, OTCQX®: LFGP), the holding company for Ledyard National Bank (the “Bank”), today announced financial results for Q1 2025. Quarterly net income per share decreased to $0.36 from $0.40 in the prior quarter (down 10%) as increases in core business revenues were offset by declines in one-time gains and by the normalization of provision to an expense in Q1 rather than a credit in Q4. Continued robust loan growth drove balance sheet growth and net interest margin expansion, and wealth management revenues increased as a result of a carefully executed fee structure adjustment. The Company continues to leverage the integration of its banking and wealth management businesses, thereby promoting growth and the pursuit of making life better for its clients, its employees, its shareholders, and the communities it serves.

Ledyard Financial Group, Inc. (the “Company”, OTCQX®: LFGP), the holding company for Ledyard National Bank (the “Bank”), today announced financial results for Q4 2024 and Full-Year (FY) 2024. Quarterly net income increased to $0.40 from $0.22 in the prior quarter (up 82%) as net interest margin expanded and the balance sheet grew, wealth management revenues increased, and the Company executed a sale-leaseback transaction coupled with $28 million of investment portfolio sales at a loss. FY 2024 net income was $0.98 per share, exceeding 2023 net income per share of $0.96 by $0.02 (2%). The Company continues to leverage the integration of its banking and wealth management businesses, thereby promoting growth and the pursuit of making life better for its clients, its employees, its shareholders, and the communities it serves.

Ledyard Financial Group, Inc. (the “Company”, OTCQX®: LFGP), the holding company for Ledyard National Bank (the “Bank”), today announced financial results for Q3 2024. With net income up slightly over the prior quarter and the balance sheet evolving, the Company’s strategic plan continues to be effective. By leveraging the integration of its banking and wealth management businesses, the Company promotes growth and the pursuit of making life better for its clients, its employees, its shareholders, and the communities it serves.

Ledyard Financial Group, Inc. (the “Company”, OTCQX®: LFGP), the holding company for Ledyard National Bank (the “Bank”), today announced financial results for Q2 2024. Quarter-over-quarter improvement in net income provides continued evidence that the Company’s strategic plan is beginning to bear fruit. By continuing to leverage the integration of its banking and wealth management businesses, the Company remains focused on promoting growth and the pursuit of making life better for its clients, its employees, its shareholders, and the communities it serves.

Ledyard Financial Group, Inc. (the “Company”, OTCQX: LFGP), the holding company for Ledyard National Bank (the “Bank”), today announced financial results for Q1 2024. The balance sheet growth in the quarter is evidence of the Company’s unique approach to integrating its banking and wealth management businesses, and the Company remains focused on promoting growth and the pursuit of making life better for its clients, its employees, its shareholders, and the communities it serves.

Ledyard Financial Group, Inc. (“The Company”, ticker symbol: LFGP), the holding company for Ledyard National Bank, today announced financial results for Q4 2023 and Full-Year (FY) 2023. The strategic investment made in the Company’s core banking business continues to build and complement its robust wealth management platform and the Company remains focused on building and leveraging infrastructure that promotes growth and the pursuit of making life better for its clients, its employees, its shareholders, and the communities it serves.

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.

Ledyard Financial Group (Ticker Symbol: LFGP), the holding company for Ledyard National Bank, is pleased to announce that Charles M. Petersen has joined its Board of Directors, effective September 21, 2023.

Ledyard Financial Group, Inc. (ticker symbol LFGP), the holding company for Ledyard National Bank, today announced financial results for Q2 2023 and declared a regular quarterly dividend.

Kathy Underwood, CEO of Ledyard Financial Group and Ledyard National Bank, announced at the Company’s Annual Meeting of Shareholders on May 18th that she will be retiring on July 3, 2023. Josephine Moran, President of Ledyard, assumed the role of President & Chief Executive Officer effective May 18, 2023. Ms. Underwood will continue to serve on Ledyard’s Board of Directors.

Ledyard Financial Group, Inc. (ticker symbol LFGP), the holding company for Ledyard National Bank, today announced financial results for Q1 2023 and declared a regular quarterly dividend.

Ledyard Financial Group, Inc. (ticker symbol LFGP), the holding company for Ledyard National Bank, today announced revised financial results for Q4 2022 and FY 2022.

Ledyard Financial Group, Inc. (ticker symbol LFGP), the holding company for Ledyard National Bank, today announced financial results for Q4 2022 and FY 2022, confirming the strength and resiliency of the Company’s core banking and wealth management businesses. The Company remains focused on building and leveraging infrastructure that promotes growth and the pursuit of making life better for its clients, its employees, and the communities it serves.

Ledyard Financial Group (Ticker Symbol: LFGP) announced a regular quarterly dividend of $0.21 payable March 10, 2023 to shareholders of record as of February 24, 2023.

Ledyard Financial Group (Ticker symbol LFGP) is pleased to announce that Josephine Moran has been appointed to the Board of Directors of Ledyard Financial Group, Inc. and Ledyard National Bank. Ms. Moran has served as Ledyard’s President and Chief Banking Officer since January of 2022.

Ledyard Financial Group (Ticker Symbol: LFGP) announced a regular quarterly dividend of $0.21 payable December 2, 2022, to shareholders of record as of November 18, 2022.

Ledyard Financial Group, Inc. (ticker symbol LFGP), the holding company for Ledyard National Bank, today announced financial results for Q3 2022 and Q3 2022 YTD. The results confirmed the strength and resiliency of the company’s core businesses. ROA, ROE, and key capital ratios all exceeded figures for comparable prior periods. The company remains focused on safely navigating today’s uncertain economic environment (including volatile equity markets), while continuing to support its clients, its employees, and the communities it serves.

Ledyard Financial Group, Inc. (ticker symbol LFGP), the holding company for Ledyard National Bank, announced today that Peter Sprudzs, FRM, has joined the Company as SVP, Chief Financial Officer. Mr. Sprudzs succeeds Greg Steverson, who will be retiring from Ledyard in December after 20 years with the Company.

Ledyard Financial Group (Ticker Symbol: LFGP) announced a regular quarterly dividend of $0.21 payable September 9, 2022 to shareholders of record as of August 26, 2022.

Ledyard Financial Group, Inc. (ticker symbol LFGP), the holding company for Ledyard National Bank, is proud to announce record earnings for the second quarter of 2022. This is the tenth consecutive quarter of record earnings and while uncertainty continues in the economy, these results are evidence of the strength of our core businesses and financial condition. Despite the economic uncertainty, our attention remains on strengthening our financial position and continuing to execute on our strategic initiatives.

Ledyard Financial Group, Inc. (ticker symbol LFGP), the holding company for Ledyard National Bank, was ranked among the Top 200 publicly traded banks and thrifts under $2 billion in assets in the United States by American Banker Magazine for the eighth consecutive year. The rankings are based on three-year return on average equity (ROAE) for 2019 to 2021. Ledyard Financial Group finished in the 131st position for 2022, with a three-year average ROAE of 11.05%.

Ledyard Financial Group (Ticker symbol LFGP) is pleased to announce that Bruce P. King was elected as the new Chair of the Board of Directors of Ledyard Financial Group, Inc. and Ledyard National Bank. Mr. King has served on the Ledyard board since 2014 and he has served as Co-Vice Chair of the Board since 2019.

Ledyard Financial Group (Ticker Symbol: LFGP) announced a regular quarterly dividend of $0.21 payable May 27, 2022, to shareholders of record as of May 13, 2022.

Ledyard Financial Group, Inc. (ticker symbol LFGP), the holding company for Ledyard National Bank, is proud to announce record earnings for the first quarter of 2022. This is the ninth consecutive quarter of record earnings and while uncertainty continues in the economy, these results are evidence of the strength of our core businesses and financial condition. Despite these challenges, our attention remains on strengthening our financial position and continuing to make progress on our strategic initiatives.

Ledyard Financial Group (Ticker Symbol: LFGP), the holding company for Ledyard National Bank, issued to certain institutional investors $18 million of 10-year, fixed to floating subordinated notes. The notes are due April 1, 2032, are noncallable for five years, and carry an initial fixed rate of 4.00%.

Ledyard Financial Group (Ticker Symbol: LFGP) announced a regular quarterly dividend of $0.21 payable March 4, 2022 to shareholders of record as of February 18, 2022.

Ledyard Financial Group, Inc. (ticker symbol LFGP), the holding company for Ledyard National Bank, is proud to announce record quarterly and year-to-date earnings. This is the fourth consecutive year of record earnings and these results are evidence of the strength of our core businesses and financial condition. The latest COVID-19 variant continues to present challenges to Ledyard and to our core constituents. It is far from certain what the “new normal” might be in the future. In spite of these challenges, our attention remains on strengthening our financial position, maintaining our strong liquidity position, and preserving core earnings.

For the second consecutive year, Ledyard National Bank has been named one of the nation’s Best Banks to Work For in 2021 by American Banker, the banking industry’s premier daily newspaper.

Ledyard Financial Group (Ticker Symbol: LFGP) announced a $0.01 increase to its quarterly dividend. The dividend of $0.21 is payable December 3, 2021, to shareholders of record as of November 19, 2021. Ledyard’s continued ability to navigate the organization through the prolonged pandemic and the strength in our core businesses supports our ability to increase the dividend this quarter to ensure shareholders benefit from the Company’s growth in earnings. The path ahead remains unclear, but we are confident we are well positioned for the future.

Ledyard Financial Group, Inc. (ticker symbol LFGP), the holding company for Ledyard National Bank, is proud to announce record quarterly earnings for the third quarter and year-to-date 2021. Our record quarterly earnings and our year-to-date results demonstrate that our financial condition remains strong and that our core businesses continue to prosper in this prolonged challenging environment. The delta variant continues to present challenges to Ledyard and to our core constituents. It is far from certain what the “new normal” might be in the future. In spite of these challenges, our attention continues to remain on strengthening our financial position, maintaining our strong liquidity position, and preserving core earnings. As a community bank, our focus is on our customers and their financial needs during these highly unusual times. We entered this crisis in a position of strength and remain centered on supporting our employees, clients and community.

Ledyard Financial Group (Ticker Symbol: LFGP) announced today a regular quarterly dividend of $0.20 payable September 3, 2021 to shareholders of record as of August 20, 2021.

Ledyard Financial Group, Inc. (ticker symbol LFGP), the holding company for Ledyard National Bank, is proud to announce record quarterly earnings for the second quarter and year-to-date 2021. Our record quarterly earnings and our year-to-date results demonstrate that our financial condition remains strong and that our core businesses continue to thrive in this prolonged challenging environment. Our attention remains on strengthening our financial position, maintaining our strong liquidity position, and preserving core earnings. As a community bank, we continue to focus on our customers and their financial needs during these highly unusual times. We entered this crisis in a position of strength and remain centered on what we need to do to ensure our continued support of our core constituents.

Ledyard National Bank is pleased to announce that Michael Hakoun has joined the bank as the new Executive Vice President and Managing Director of Ledyard Financial Advisors. He follows Dennis Mitchell, who will be retiring in September after leading Ledyard’s Wealth Management division for the last thirteen years. Michael brings with him nearly two decades of experience in the investment management and banking industry, having worked in the US and Canada.

Ledyard Financial Group (Ticker Symbol: LFGP) announced a $0.01 increase to its quarterly dividend. The dividend of $0.20 is payable May 28, 2021 to shareholders of record as of May 7, 2021. Ledyard’s ability to navigate the organization through the pandemic and the strength in our core businesses is supporting our ability to increase the dividend this quarter to ensure our shareholders benefit from the Company’s growth in earnings. The path forward remains uncertain as we continue to manage the effects to the organization from the pandemic, but we are confident we are well positioned to minimize any possible negative impacts.

Ledyard Financial Group, Inc. (ticker symbol LFGP), the holding company for Ledyard National Bank, is proud to announce record earnings for the first quarter of 2021. Our focus continues to be strengthening our financial position, maintaining our strong liquidity position, and preserving core earnings. Our results demonstrate that our financial condition remains strong and that our core businesses continue to thrive in this prolonged difficult environment. As a community bank we continue to focus on our customers and their financial needs during these highly unusual times. We entered this crisis in a position of strength and remain focused on what we need to do to ensure we are able to support our core constituents. Net income for the quarter ended March 31, 2021, was $1,835,872 or $0.58 per share compared to $1,620,939 or $0.51 per share for the same period in 2020, an increase of $214,933 or 13%. The underlying results for the Company were extremely positive. We are optimistic that the worst of the pandemic is behind us. The Company is well positioned to navigate any difficulties that we may encounter in the future, and we remain focused on supporting our core businesses and executing on our strategic plan.

Ledyard Financial Group (Ticker Symbol: LFGP), the holding company for Ledyard National Bank, is pleased to announce that it has been named as one of the top twenty-five bank boards for women, by Bank Director, an information resource for directors and officers of financial companies.