Century Next Financial Reports Record Second Quarter 2025 Earnings

Century Next Financial Corporation (OTCQX: CTUY), the parent company of Century Next Bank, has released its financial results for the second quarter ended June 30, 2025. The company reported strong financial performance, with record net income, solid loan and deposit growth, and a robust liquidity position.

Financial Highlights

Net Income Surges to Record Highs

For Q2 2025, Century Next Financial reported net income of $3.94 million, a notable 28.5% increase compared to $3.06 million in Q2 2024. Earnings per share (EPS) rose to $2.16 per basic share and $2.14 per diluted share, up from $1.70 for both in the prior-year quarter.

In the first half of 2025, net income jumped by 29.0% to $7.39 million, up from $5.73 million for the same period in 2024. Basic EPS reached $4.05, with diluted EPS at $4.02, each representing a significant year-over-year improvement. Both quarterly and six-month earnings marked company records.

Balance Sheet Overview

Assets and Liquidity Continue to Grow

Total assets increased by 6.24% to $923.6 million as of June 30, 2025, compared to $869.4 million at the end of 2024. Cash and cash equivalents rose by 4.08% to $130.8 million, while investment securities—primarily available-for-sale—grew by $37.5 million to $136 million.

Loan and Deposit Expansion

Net loans increased 2.07% to $618 million during the first six months of 2025. The main contributors to loan growth included residential construction, land, residential 1-4 family, consumer, multi-family real estate, and held-for-sale residential loans. These gains were partially offset by declines in commercial, agricultural, and home equity loans.

Total deposits grew by $45.9 million, or 6%, reaching $816.6 million. Growth was primarily driven by noninterest-bearing checking and savings deposits, offset by decreases in money market, interest-bearing checking, and time deposits. Long-term borrowings remained unchanged at $8.5 million.

Income Statement Insights

Interest Income Supports Profit Growth

Net interest income for Q2 2025 was $9.73 million, a 19.8% increase over $8.12 million in Q2 2024. For the first half of 2025, net interest income totaled $18.82 million, up 19.7% from $15.72 million in the prior-year period. The company’s net interest margin and cost management contributed to this strong performance.

Provision for credit losses was $223,000 for the second quarter and $298,000 for the first half, both higher than the comparable periods in 2024. Total non-interest income remained steady for the quarter but saw a slight decrease year-over-year for the six-month period. Non-interest expenses increased primarily due to higher personnel and operating costs, but the company’s efficiency ratio improved—indicating better expense management relative to income.

Asset Quality and Credit Performance

Nonperforming assets declined from $3.98 million at the end of 2024 to $3.38 million as of June 30, 2025. The ratio of nonperforming assets to total assets also improved. The allowance for credit losses under the CECL standard was $6.6 million, or 1.06% of total loans. Net charge-offs for the first six months stood at $234,000, compared to net recoveries in the same period last year.

Company Profile

Century Next Financial Corporation, headquartered in Ruston, Louisiana, operates as the holding company for Century Next Bank. Established in 1905, the bank is a full-service institution serving communities in Louisiana and Arkansas, with a focus on real estate lending and providing comprehensive banking solutions to local businesses and individuals.

Disclaimer: This content is for informational purposes only and does not constitute financial advice.