Overview

* Ledyard Q3 net income rises 110% yr/yr, driven by loan growth and wealth management

* Company's total assets exceed $1 bln, driven by strong loan growth

* Net interest margin improves to 2.54%, up 36 basis points yr/yr

Outlook

* Company plans to leverage new infrastructure and business model for future growth

* Company continues to focus on maintaining a robust liquidity profile

Result Drivers

* LOAN GROWTH - Strong loan growth drove balance sheet expansion and contributed to higher net income

* WEALTH MANAGEMENT REVENUE - Wealth management revenue rose due to a revised fee structure, despite market volatility

* NET INTEREST MARGIN - Improved net interest margin

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.46

Q3 Net $1.54

Income mln

Q3 Basic $0.46

EPS

Q3 $0.21

Dividend

Q3 $1.83

Pretax mln

Profit

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)