Century Next Financial Corporation had a strong first quarter with significant increases in net income and assets

From GlobeNewswire: 2025-04-23 16:37:00

Century Next Financial Corporation reported a 29.7% increase in net income after tax for the first quarter of 2025, totaling $3.45 million. Total assets rose by 4.6% to $909.7 million, with cash and cash equivalents increasing by 16.3% to $146.2 million. Loans increased by 1.8% to $616.2 million, while total deposits grew by 4.5% to $805.7 million. The company declared a dividend of $0.75 per share, payable on June 5, 2025. Nonperforming assets decreased from $3.98 million to $3.76 million, and the allowance for credit losses was $6.63 million at March 31, 2025. The efficiency ratio improved to 54.90%.



Read more at GlobeNewswire: Century Next Financial Corporation Reports Record 1st