Century Next Financial Corporation Reports Record 3rd Quarter 2025 Results

Core Viewpoint - Century Next Financial Corporation reported strong financial performance for the third quarter and nine months ended September 30, 2025, with significant increases in net income and earnings per share compared to the same periods in 2024 [2][3]. Financial Performance - For Q3 2025, net income after tax was $4.27 million, up 41.3% from $3.02 million in Q3 2024 [2]. - Earnings per share (EPS) for Q3 2025 were $2.33 (basic) and $2.30 (diluted), compared to $1.67 for both in Q3 2024 [2]. - For the nine months ended September 30, 2025, net income was $11.66 million, a 33.3% increase from $8.75 million in the same period of 2024 [3]. - EPS for the nine months ended September 30, 2025 were $6.38 (basic) and $6.31 (diluted), compared to $4.85 for both in the same period of 2024 [3]. Balance Sheet - Total assets increased by $34.75 million or 4.0% to $904.15 million as of September 30, 2025, compared to $869.4 million at December 31, 2024 [4]. - Cash and cash equivalents decreased by $33.6 million or 26.7% to $92.1 million [5]. - Investment securities increased by $47.1 million to $145.5 million, enhancing the Company's liquidity position [5]. Loans and Deposits - Net loans increased by $19.4 million or 3.20% to $624.8 million as of September 30, 2025 [6]. - Total deposits rose by $20.1 million or 2.6% to $790.8 million [7]. Income Statement - Net interest income for Q3 2025 was $9.98 million, an increase of 17.8% from $8.5 million in Q3 2024 [9]. - Total non-interest income for Q3 2025 was $1.15 million, up 35.5% from $846,000 in Q3 2024 [13]. - Total non-interest expense increased by $304,000 or 5.8% to $5.56 million for Q3 2025 [14]. Efficiency and Ratios - The efficiency ratio improved to 49.96% for Q3 2025 from 56.38% in Q3 2024 [15]. - The net interest margin increased to 4.51% for Q3 2025 compared to 4.19% in Q3 2024 [11]. Other Financial Information - Nonperforming assets increased to $4.39 million as of September 30, 2025, from $3.98 million at December 31, 2024 [16]. - The allowance for credit losses was $6.91 million or 1.09% of total loans as of September 30, 2025 [17].