Ledyard Financial Q4 net income rises 47% yr/yr
Overview
Community bank's Q4 net income rose 47% yr/yr, driven by loan growth
Q4 EPS increased 28% from prior quarter, reflecting core business expansion
Wealth management revenue grew 33% yr/yr, driven by favorable market conditions
Outlook
Company anticipates improved cost of funds if interest rates decline
Ledyard Financial focuses on leveraging banking and wealth management integration for growth
Company transitions to execution phase to capture investment potential
Result Drivers
LOAN GROWTH - Strong loan growth contributed to balance sheet expansion, increasing by 3.6% from the prior quarter and 15.7% year-over-year
WEALTH MANAGEMENT REVENUE - Wealth management revenue rose 33.3% year-over-year, driven by favorable market conditions and a revised fee structure
STRATEGIC INVESTMENTS - Strategic investments improved financial performance, focusing on core operations and liquidity reserves
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 EPS |
| $0.59 |
|
Q4 Net Income |
| $1.97 mln |
|
Q4 Basic EPS |
| $0.59 |
|
Q4 Dividend |
| $0.21 |
|
Q4 Pretax Profit |
| $2.51 mln |
|
Press Release: ID:nGNX1GfBGP
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