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As of 8:10 PM 09/10/14 All times are local (Market data is delayed by at least 15 minutes).

ledyard financial group inc (LFGP) Key Developments

Ledyard Financial Group, Inc. Reports Unaudited Financial Results for the Second Quarter and Six Months Ended June 30, 2014

Ledyard Financial Group, Inc. reported unaudited financial results for the second quarter and six months ended June 30, 2014. Net income for the quarter ended June 30, 2014, was $987,650 or $0.97 per diluted share compared to $794,418 or $0.77 per diluted share for the same period in 2013, an increase of $193,232 or 24.32%. Total revenue for the quarter ended June 30, 2014, was $5,736,041 compared to $5,255,751 for the same period in 2013, for an increase of $480,290 or 9.14%. Net interest income was $3,146,746 compared to $2,822,297 for the same period in 2013, for an increase of $324,449 or 11.5%. Total interest income was $3,370,235 compared to $3,039,445 for the same period in 2013. Net income for the six months ended June 30, 2014 was $1,925,956, or $1.85 per diluted share compared to $1,553,498 or $1.51 per diluted share for the same period in 2013, an increase of $372,458 or 23.98%. The increase in net income for the quarter and first six months when compared to the prior year is due to an increase in lending activity and an increase in revenue from Ledyard Financial Advisors. Total revenue for the six months ended June 30, 2014, was $11,192,008 compared to $10,262,884 for the same period in 2013, an increase of $929,124 or 9.05%. Net interest income was $6,295,295 compared to $5,621,283 for the same period in 2013, for an increase of $674,012 or 11.99%. Total interest income was $6,710,218 compared to $6,068,749 for the same period in 2013. At June 30, 2014, the company's book value per share stood at $39.72 compared to $37.43 at June 30, 2013.

Sarah Salo Promotes to Officer of Ledyard Financial Group and Ledyard National Bank

Sarah Salo has been promoted to an officer of Ledyard Financial Group and Ledyard National Bank. She is the Executive Administrative Assistant. Sarah has been in her current position for over 7 years and has helped shepherd the organization through a lot of changes.

Ledyard Financial Group Declares Quarterly Dividend, Payable on September 5, 2014

Ledyard Financial Group announced a $0.04 increase to its quarterly dividend. The dividend of $0.45 is payable September 5, 2014 to shareholders of record as of August 8, 2014. This is the second $0.04 dividend increase declared by the company during 2014.

Ledyard National Bank Names Cynthia Stuart as Senior Vice President and Senior Retail Banking Officer

Ledyard National Bank announced that Cynthia Stuart has joined the bank as its Senior Vice President and Senior Retail Banking Officer. She will be responsible for managing Ledyard's seven banking offices and building stronger relationships with its retail clients. Cynthia has over 18 years of banking experience. Prior to joining Ledyard, she was the Senior Vice President of Retail Banking and Deposit Operations at Connecticut River Bank in Littleton, New Hampshire.

Ledyard Financial Group, Inc. Reports Unaudited Financial Results for the First Quarter Ended March 31, 2014

Ledyard Financial Group, Inc. reported unaudited financial results for the first quarter ended March 31, 2014. For the quarter, net income was $938,305 or $0.90 per diluted share compared to $759,079 or $0.74 per diluted share for the same period in 2013, an increase of $179,226 or 23.61%. Total revenue was $5,455,967 compared to $5,067,133 for the same period in 2013, for an increase of $388,835 or 7.7%. Net interest income was $3,148,548 compared to $2,798,985 for the same period in 2013, for an increase of $346,563 or 12.49%. The increase in revenue for the first three months when compared to the prior year is due to an increase in lending activity and an increase in revenue from Ledyard Financial Advisors. Tangible book value per share was $38.68 against $37.91 a year ago.

 

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