Century Next Financial Corporation Reports Strong 2nd Quarter 2025 Results

Core Viewpoint - Century Next Financial Corporation reported strong financial performance for the second quarter of 2025, with significant increases in net income and earnings per share compared to the same period in 2024, indicating robust growth and improved operational efficiency [2][3]. Financial Performance - For Q2 2025, net income after tax was $3.94 million, up from $3.06 million in Q2 2024, representing a 28.5% increase [2]. - Earnings per share (EPS) for Q2 2025 were $2.16 (basic) and $2.14 (diluted), compared to $1.70 for both in Q2 2024 [2]. - For the first half of 2025, net income was $7.39 million, an increase of 29.0% from $5.73 million in the same period of 2024 [3]. - EPS for the first half of 2025 were $4.05 (basic) and $4.02 (diluted), compared to $3.18 for both in the first half of 2024 [3]. Balance Sheet - Total assets increased by $54.2 million or 6.24% to $923.6 million as of June 30, 2025, compared to $869.4 million at the end of 2024 [4]. - Cash and cash equivalents rose from $125.7 million to $130.8 million, a 4.08% increase [5]. - Investment securities increased by $37.5 million to $136 million [5]. Loans and Deposits - Net loans increased by $12.5 million or 2.07% to $618 million as of June 30, 2025 [6]. - Total deposits grew by $45.9 million or 6% to $816.6 million [7]. Income Statement - Net interest income for Q2 2025 was $9.73 million, up from $8.12 million in Q2 2024, a 19.8% increase [9]. - Total non-interest income for Q2 2025 was $916,000, slightly up from $914,000 in Q2 2024 [13]. - Total non-interest expense increased by $416,000 or 8.2% to $5.47 million for Q2 2025 [14]. Efficiency and Ratios - The efficiency ratio improved to 51.35% for Q2 2025 from 55.90% in Q2 2024, indicating better cost management [15]. - The annualized return on average assets was 1.63% for Q2 2025, compared to 1.44% for Q2 2024 [21]. Other Financial Information - Nonperforming assets decreased from $3.98 million at the end of 2024 to $3.38 million as of June 30, 2025 [16]. - The allowance for credit losses was $6.6 million or 1.06% of total loans as of June 30, 2025 [17].