RUSTON: Century Next Financial Corp. (OTCQX: CTUY), the holding company for Century Next Bank, reported record earnings for the second quarter ended June 30, 2025, driven by strong deposit growth and improved net interest income.
Net income rose to $3.94 million, a 28.5% increase from $3.06 million in the same quarter last year. Earnings per share increased to $2.16 per basic share, up from $1.70. For the six months ended June 30, net income grew 29% to $7.39 million.
Total assets climbed 6.2% from December to reach $923.6 million. Deposit balances rose $45.9 million, while investment securities surged 38% to $136 million. Net loans expanded by $12.5 million with notable increases in residential construction and land-secured lending.
Net interest income gained 19.8% in the quarter to $9.73 million, with a modest improvement in net interest margin. Non-interest expense rose 8.2%, mainly from higher staffing and operating costs. The bank’s efficiency ratio improved to 51.35% from 55.90% a year earlier.
Century Next also reported a drop in nonperforming assets to $3.38 million. Credit loss allowances remained stable under CECL accounting, with net charge-offs of $234,000 for the first half of 2025.
Based in Ruston, Louisiana, Century Next Bank operates seven branches across Louisiana and Arkansas, offering full-service banking focused on small businesses, professionals, and individual clients.