CTO Realty Growth Declares Dividends for the Second Quarter 2025
The Common Stock Cash Dividend is payable on June 30, 2025, to stockholders of record as of the close of business on June 12, 2025, and the ex-dividend date for the Common Stock Cash Dividend is June 12, 2025.
The Board of Directors also authorized, and the Company has declared, a quarterly cash dividend of $0.39844 per share of the Company's 6.375% Series A Cumulative Redeemable Preferred Stock for the second quarter of 2025, to be paid on June 30, 2025, to stockholders of record as of the close of business on June 12, 2025.
About CTO Realty Growth, Inc.
CTO Realty Growth, Inc. owns and operates high-quality, open-air shopping centers located in the higher growth Southeast and Southwest markets of the United States. CTO also externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc. (NYSE: PINE).
We encourage you to review our most recent investor presentation and supplemental financial information, which is available on our website at www.ctoreit.com.
Safe Harbor
Certain statements contained in this press release (other than statements of historical fact) are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can typically be identified by words such as 'believe,' 'estimate,' 'expect,' 'intend,' 'anticipate,' 'will,' 'could,' 'may,' 'should,' 'plan,' 'potential,' 'predict,' 'forecast,' 'project,' and similar expressions, as well as variations or negatives of these words.
Although forward-looking statements are made based upon management's present expectations and beliefs concerning future developments and their potential effect upon the Company, a number of factors could cause the Company's actual results to differ materially from those set forth in the forward-looking statements. Such factors may include, but are not limited to: the Company's ability to remain qualified as a REIT; the Company's exposure to U.S. federal and state income tax law changes, including changes to the REIT requirements; general adverse economic and real estate conditions; macroeconomic and geopolitical factors, including but not limited to inflationary pressures, interest rate volatility, distress in the banking sector, global supply chain disruptions, and ongoing geopolitical war; credit risk associated with the Company investing in structured investments; the ultimate geographic spread, severity and duration of pandemics such as the COVID-19 Pandemic and its variants, actions that may be taken by governmental authorities to contain or address the impact of such pandemics, and the potential negative impacts of such pandemics on the global economy and the Company's financial condition and results of operations; the inability of major tenants to continue paying their rent or obligations due to bankruptcy, insolvency or a general downturn in their business; the loss or failure, or decline in the business or assets of PINE; the completion of 1031 exchange transactions; the availability of investment properties that meet the Company's investment goals and criteria; the uncertainties associated with obtaining required governmental permits and satisfying other closing conditions for planned acquisitions and sales; and the uncertainties and risk factors discussed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and other risks and uncertainties discussed from time to time in the Company's filings with the U.S. Securities and Exchange Commission.
There can be no assurance that future developments will be in accordance with management's expectations or that the effect of future developments on the Company will be those anticipated by management. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.
CONTACT: Contact: Investor Relations ir@ctoreit.com
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Ledyard Financial Group Reports Q2 2025 Earnings and Declares Quarterly Dividend
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Total assets ended the quarter at $993.3 million, having grown $18.4 million or 1.9% from the prior quarter, and ending $85.4 million or 9.4% higher than a year ago, driven primarily by loan growth. Loans increased $20.9 million (3.4%) from the prior quarter and ended $133.1 million (26.8%) higher than a year ago. Excluding funds from the wealth management business, client deposits increased $8.4 million (1.4%) in Q2 2025 and grew $22.9 million (4.0%) since a year ago. Including the wealth management balances, client deposits were up $2.6 million and $17.4 million over Q1 2025 and Q2 2024, respectively. Net interest margin was 2.47%, down 6 basis points from the prior quarter, but up 33 basis points from a year ago. Capital ratios continue to exceed regulatory well-capitalized minimums. At $2.18 billion, assets under management (AUM) ended the quarter up 3.5% and 6.8% from Q1 2025 and Q2 2024, respectively. Revenue from the wealth management business was up $41 thousand (1.0%) and $631 thousand (18.1%) over the corresponding previous quarters, shrugging off the impact of market declines early in Q2, and reflecting the benefit of the revised fee structure implemented in early 2025. Reflecting the value created by infrastructure investments made over the last year, the efficiency ratio of 82.7% marked the second consecutive quarter of year-over-year improvement of 7-8%. The Company declared a regular quarterly dividend of $0.21 per share. 'Our Q2 results continue to demonstrate solid growth in our core businesses of efficient deposit-gathering, prudent lending, and exceptional wealth management service. We continued to strengthen the balance sheet with added credit reserves, and our liquidity position remains strong. Our efficiency ratio of 81.7% for 1H 2025 is a marked improvement over the comparable year-ago figure of 89.3% and indicates that the investments we have made in infrastructure are paying off,' said Peter Sprudzs, CFO. 'Crossing mid-2025 has included notable achievements for the company, including continued growth of our businesses despite challenging external market conditions, the launch of a completely redesigned website and our revamped digital brand 'Onward', and near-complete preparations for our new Bedford, NH financial center location, expected to open in August. We look forward to expanding our community banking presence in Southern New Hampshire and continuing to deepen our relationships across all our client segments,' added Josephine Moran, CEO. Q2 2025 Results Net income for Q2 2025 was $1.3 million ($0.39 per share) compared to $1.2 million ($0.36 per share) in Q1 2025 and $726 thousand ($0.22 per share) in Q2 2024. Q2 2025 net interest income was $5.7 million, up $166 thousand or 3.0% from the prior quarter, and up $1.3 million or 27.9% from Q2 2024. Net interest margin (NIM) in Q2 2025 decreased to 2.47% from 2.53% in Q1 2025 and was up 33 basis points from 2.14% in Q2 2024. Quarter over quarter, earning asset yields increased by 6 basis points, the cost of interest-bearing liabilities increased by 3 basis points, and other factors (most notably the contribution from derivative hedge positions) declined 8 basis points. Reported NIM figures do not reflect the beneficial effect of the tax advantage provided by the Company's $151.7 million in municipal bond holdings. Provision for credit losses was $214 thousand in Q2 2025, which consisted of a net $222 thousand addition to Allowance for Credit Losses (ACL) and a net $8 thousand reduction to Liability for Unfunded Commitments. Non-interest revenue for Q2 2025 amounted to $4.7 million, up $276 thousand or 6.2% from Q1 2025, and up $785 thousand or 20.0% from Q2 2024. Excluding the impact of investment portfolio sales in the prior quarters, Q2 2025 non-interest revenue was up $171 thousand (3.8%) over the prior quarter, and up $791 thousand (20.2%) over the year-ago quarter. Wealth management revenue amounted to $4.1 million in Q2 2025, up $41 thousand or 1.0% from Q1 2025, and up $631 thousand or 18.1% from Q2 2024. AUM ended the quarter at $2.18 billion, up 3.5% from $2.10 billion at the end of Q1 2025, and up 6.8% from $2.04 billion at the end of Q2 2024. Net revenue from brokerage commissions in Q2 2025 was $150 thousand, up substantially from prior periods - $106 thousand in Q1 2025 and $19 thousand in Q2 2024. Non-interest expense in Q2 2025 was $8.6 million, up $557 thousand (6.9%) from $8.1 million in Q1 2025, and up $1.1 million (15.0%) from $7.5 million in Q2 2024. 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The Company experienced net recoveries of $22 thousand in Q2 2025, and the ACL at the end of the quarter provides 3.5x coverage of non-performing assets. Client deposits excluding wealth funds increased $8.4 million (1.4%) during Q2 2025 and increased $22.9 million (4.0%) since a year ago. Wealth management fund balances were down $5.8 million compared to Q1 2025 and down $5.5 million over Q2 2024. Including these wealth fund movements, client deposits in Q2 were up $2.6 million over Q1 2025 and up $17.4 million over Q2 2024. The Company continues to focus on maintaining a robust liquidity profile, with a diverse deposit base (roughly 80/20 retail/commercial), a small proportion of uninsured deposits (estimated at 15%), and proven access to both unsecured and secured wholesale funding channels. Quarter over quarter, the Company increased wholesale borrowings and deposits acquired through brokers or listing channels by $15.7 million. The overall maturity profile of the Company's wholesale funding was 2.5 years at Q2 2025, down from 2.7 years at the prior quarter end. The Company has significant liquidity resources available to support operations, as it maintains good standing and extensive portfolios pledged at FHLB Boston and the Federal Reserve. The Company had over $249 million in readily accessible borrowing capacity as of June 30, 2025. On June 30, 2025, shareholders' equity was $56.5 million, down $638 thousand or 1.1% from the prior quarter, and up $1.0 million or 1.8% from Q2 2024. The Company's capital ratios continue to exceed the levels defined by the Federal Reserve for a bank holding company to be considered well capitalized. As expected, capital ratios have trended down in the last year in concert with strategic balance sheet growth; minor methodology adjustments and the inclusion of a deferred tax asset deduction have resulted in a change to prior year Leverage Ratio presentation. On June 30, 2025, the Company's book value per share excluding and including AOCI stood at $21.20 and $16.53, respectively, compared to $21.13 and $16.76, respectively, at March 31, 2025, and $20.70 and $16.29, respectively, at June 30, 2024. Dividend Declaration The Company is pleased to announce that a regular quarterly dividend of $0.21 per share will be paid on September 5, 2025, to shareholders of record as of August 15, 2025. About the Company Ledyard Financial Group, Inc., headquartered in Hanover, New Hampshire, is the holding company for Ledyard National Bank, founded in 1991. Ledyard National Bank is a full-service community bank offering a broad range of banking, investment, and wealth management services. Ledyard Financial Group, Inc. shares can be bought and sold through the NASD sanctioned OTCQX ® Best Markets under the trading symbol LFGP. For additional information about the company, stock activity, or financial results please visit the Investor Relations section of bank's website ( or contact the Company's Chief Financial Officer, Peteris J. Sprudzs. Balance Sheet (unaudited, $000s) 6/30/2025 3/31/2025 6/30/2024 Investments & interest-bearing deposits $ 302,326 $ 305,532 $ 349,109 Gross loans 629,328 608,472 496,232 Allowance for credit losses (4,420) (4,177) (3,409) Net loans 624,908 604,295 492,823 Premises, equipment & other assets 66,111 65,104 66,053 Total assets $ 993,345 $ 974,931 $ 907,985 Client deposits $ 728,840 $ 726,190 $ 711,442 Brokered & institutional deposits 85,246 69,591 82,366 Borrowings 93,146 93,389 32,280 Subordinated debt 18,000 18,000 18,000 Other liabilities 11,589 10,599 8,375 Total liabilities 936,821 917,769 852,463 Capital 74,366 73,708 72,224 Accumulated other comprehensive loss (16,198) (14,902) (15,058) Treasury stock (1,644) (1,644) (1,644) Total shareholders' equity 56,524 57,162 55,522 Total liabilities and equity $ 993,345 $ 974,931 $ 907,985 Other Metrics (as of stated date) 6/30/2025 3/31/2025 6/30/2024 Book value per share (excluding AOCI) $ 21.20 $ 21.13 $ 20.70 Book value per share (including AOCI) $ 16.53 $ 16.76 $ 16.29 Leverage ratio 6.85% 7.05% 7.78% Risk based capital ratio 13.91% 14.01% 15.54% Allowance to total loans 0.70% 0.69% 0.69% Texas ratio 1.40% 1.35% 1.09% Allowance to non-performing assets 348% 346% 360% Assets under management (billions) $ 2.177 $ 2.103 $ 2.038 Shares of common stock issued 3,581,031 3,526,641 3,525,357 Treasury shares 115,998 115,998 115,998 Stock price - high $ 15.50 $ 15.50 $ 15.20 Stock price - low $ 14.35 $ 14.13 $ 13.44 Stock price - average $ 14.98 $ 14.82 $ 14.49 Expand Forward-Looking Statements: Certain statements herein constitute 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as 'believes,' 'will,' 'would,' 'expects,' 'project,' 'may,' 'could,' 'developments,' 'strategic,' 'launching,' 'opportunities,' 'anticipates,' 'estimates,' 'intends,' 'plans,' 'targets' and similar expressions. These statements are based upon the current beliefs and expectations of Ledyard Financial Group, Inc.'s (the 'Company's') management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to, changes in interest rates; changes in general business and economic conditions (including inflation and concerns about liquidity) on a national basis and in the local markets in which the Company operates, including changes that adversely affect borrowers' ability to service and repay the Company's loans; changes in customer behavior; turbulence in the capital and debt markets and the impact of such conditions on the Company's business activities; changes in employment levels; increases in loan default and charge-off rates; decreases in the value of securities in the Company's investment portfolio; fluctuations in real estate values; the possibility that future credit losses may be higher than currently expected due to changes in economic assumptions, customer behavior or adverse economic developments; changes in loan loss reserves; decreases in deposit levels necessitating increased borrowing to fund loans and investments; competitive pressures from other financial institutions; operational risks including, but not limited to, cybersecurity incidents, fraud, natural disasters, war, terrorism, civil unrest, and future pandemics; changes in regulation; changes in accounting standards and practices; the risk that goodwill and intangibles recorded in the Company's financial statements will become impaired; demand for loans in the Company's market area; the Company's ability to attract and maintain deposits; risks related to the implementation of acquisitions, dispositions, and restructurings; and the risk that the Company may not be successful in the implementation of its business strategy. Should one or more of these risks materialize or should underlying beliefs or assumptions prove incorrect, the Company's actual results could differ materially from those discussed. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company disclaims any obligation to publicly update or revise any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes, except as required by law.
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Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Operating Margin Centene's operating margin might fluctuated slightly over the last 12 months but has generally stayed the same, averaging 1.5% over the last five years. This profitability was lousy for a healthcare business and caused by its suboptimal cost structure. 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If you're making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it's free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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CHICAGO, July 25, 2025 /PRNewswire/ -- Kellanova (NYSE: K) today announced that its Board of Directors declared a dividend of $0.58 per share on the common stock of Kellanova, payable on September 15, 2025, to shareowners of record at the close of business on is September 2, 2025. The ex-dividend date is September 2, 2025. This is the 403rd dividend that Kellanova has paid to owners of common stock since 1925 and is a one cent increase from its previous quarterly rate. About Kellanova Kellanova (NYSE: K) is a leader in global snacking, international cereal and noodles, and North America frozen foods with a legacy stretching back more than 100 years. Powered by differentiated brands including Pringles®, Cheez-It®, Pop-Tarts®, Kellogg's ® Rice Krispies Treats®, RXBAR®, Eggo®, MorningStar Farms®, Special K®, Coco Pops®, and more, Kellanova's vision is to become the world's best-performing snacks-led powerhouse, unleashing the full potential of our differentiated brands and our passionate people. Our net sales for 2024 were approximately $13 billion. At Kellanova, our purpose is to create better days and ensure everyone has a seat at the table through our trusted food brands. We are committed to promoting sustainable and equitable food access by tackling the crossroads of hunger, sustainability, wellbeing, and equity, diversity & inclusion. Our goal is to create Better Days for 4 billion people by the end of 2030 (from a 2015 baseline). For more detailed information about our commitments, our approach to achieving these goals, and methodology, please visit our website at [K-DIV] [K-FIN] View original content to download multimedia: SOURCE Kellanova IR Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
