Landmark Banc Financials

LARK

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Landmark Banc (LARK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 47/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Landmark Banc's revenue grew 14.2% year-over-year to $73.9M, a solid pace of expansion. This earns a growth score of 69/100.

Leverage

Landmark Banc has elevated debt relative to equity (D/E of 10.56), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

Landmark Banc converts 16.1% of revenue into free cash flow ($11.9M). This strong cash generation earns a score of 81/100.

Returns

Landmark Banc's ROE of 9.6% shows moderate profitability relative to equity, earning a score of 38/100. This is up from 9.6% the prior year.

Piotroski F-Score Neutral

5/9

Landmark Banc passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.09x

For every $1 of reported earnings, Landmark Banc generates $1.09 in operating cash flow ($14.2M OCF vs $13.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$73.9M

YoY+14.2%

5Y CAGR+14.8%

10Y CAGR+10.3%

Landmark Banc generated $73.9M in revenue in fiscal year 2024. This represents an increase of 14.2% from the prior year.

EBITDA

N/A

Free Cash Flow

$11.9M

YoY+2.6%

5Y CAGR+8.1%

10Y CAGR+5.1%

Landmark Banc generated $11.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 2.6% from the prior year.

Net Income

$13.0M

YoY+6.3%

5Y CAGR+4.0%

10Y CAGR+4.9%

Landmark Banc reported $13.0M in net income in fiscal year 2024. This represents an increase of 6.3% from the prior year.

EPS (Diluted)

$2.26

YoY+6.1%

5Y CAGR+1.5%

10Y CAGR+0.5%

Landmark Banc earned $2.26 per diluted share (EPS) in fiscal year 2024. This represents an increase of 6.1% from the prior year.

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

N/A

Operating Margin

N/A

Net Margin

17.6%

YoY-1.3pp

5Y CAGR-11.1pp

10Y CAGR-11.3pp

Landmark Banc's net profit margin was 17.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1.3 percentage points from the prior year.

Return on Equity

9.6%

YoY-0.1pp

5Y CAGR-0.3pp

10Y CAGR-1.7pp

Landmark Banc's ROE was 9.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$338K

YoY+350.7%

Landmark Banc spent $338K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 350.7% from the prior year.

Capital Expenditures

$2.3M

YoY+133.2%

5Y CAGR+17.5%

10Y CAGR+4.7%

Landmark Banc invested $2.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 133.2% from the prior year.

LARK Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$73.9M+14.2%	$64.7M+49.6%	$43.2M+8.5%	$39.8M+1.5%	$39.3M+5.8%	$37.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$28.2M+31.7%	$21.4M+392.2%	$4.3M+188.6%	$1.5M-45.6%	$2.8M-59.0%	$6.8M
Income Tax	$1.1M-44.4%	$2.0M+36.5%	$1.4M-70.3%	$4.8M+0.6%	$4.8M+229.5%	$1.5M
Net Income	$13.0M+6.3%	$12.2M+23.9%	$9.9M-45.2%	$18.0M-7.6%	$19.5M+82.8%	$10.7M
EPS (Diluted)	$2.26+6.1%	$2.13+24.6%	$1.71-47.5%	$3.26-12.4%	$3.72+77.1%	$2.10

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$20.7M+3.2%	$20.1M+3.9%	$19.3M+2.1%	$19.0M+4.2%	$18.2M+2.5%	$17.7M+1.5%	$17.5M+4.1%	$16.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$6.6M+3.6%	$6.4M+3.1%	$6.2M-5.0%	$6.6M-9.1%	$7.2M+3.0%	$7.0M+6.0%	$6.6M+7.0%	$6.2M
Income Tax	$1.1M+19.8%	$944K-7.0%	$1.0M+214.6%	-$886K-250.9%	$587K+13.3%	$518K+566.7%	-$111K-116.5%	$671K
Net Income	$4.9M+11.9%	$4.4M-6.3%	$4.7M+43.2%	$3.3M+9.0%	$3.0M+8.4%	$2.8M+5.3%	$2.6M-8.3%	$2.9M
EPS (Diluted)	$0.85+13.3%	$0.75-7.4%	$0.81+39.7%	$0.58+11.5%	$0.52+8.3%	$0.48+23.1%	$0.39-25.0%	$0.52

LARK Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$1.6B+0.8%	$1.6B+3.9%	$1.5B+13.1%	$1.3B+11.9%	$1.2B+19.0%	$998.5M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	N/A	N/A	$84.8M+519.4%	$13.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$32.4M0.0%	$32.4M+0.6%	$32.2M+83.7%	$17.5M0.0%	$17.5M0.0%	$17.5M
Total Liabilities	$1.4B+0.2%	$1.4B+3.1%	$1.4B+16.6%	$1.2B+12.4%	$1.1B+19.3%	$889.9M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$136.2M+7.3%	$126.9M+13.9%	$111.4M-17.8%	$135.6M+7.1%	$126.7M+16.6%	$108.6M
Retained Earnings	$56.9M+4.9%	$54.3M+4.0%	$52.2M-0.8%	$52.6M+17.0%	$44.9M+31.1%	$34.3M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$1.6B-0.5%	$1.6B+2.9%	$1.6B+0.3%	$1.6B+0.9%	$1.6B+0.5%	$1.6B-0.5%	$1.6B+0.3%	$1.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$32.4M0.0%	$32.4M0.0%	$32.4M0.0%	$32.4M0.0%	$32.4M0.0%	$32.4M0.0%	$32.4M0.0%	$32.4M
Total Liabilities	$1.5B-1.0%	$1.5B+2.8%	$1.4B-0.1%	$1.4B+0.4%	$1.4B+0.4%	$1.4B-0.6%	$1.4B-0.9%	$1.4B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$155.7M+5.0%	$148.4M+4.0%	$142.7M+4.7%	$136.2M+6.2%	$128.3M+1.2%	$126.7M-0.2%	$126.9M+15.8%	$109.6M
Retained Earnings	$67.3M+5.8%	$63.6M+5.3%	$60.4M+6.1%	$56.9M-1.5%	$57.8M+3.3%	$55.9M+3.0%	$54.3M-5.2%	$57.3M

LARK Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$14.2M+12.9%	$12.6M-49.1%	$24.8M-20.5%	$31.2M+110.4%	$14.8M+62.6%	$9.1M
Capital Expenditures	$2.3M+133.2%	$995K+13.6%	$876K-33.8%	$1.3M+268.8%	$359K-65.4%	$1.0M
Free Cash Flow	$11.9M+2.6%	$11.6M-51.4%	$23.9M-19.9%	$29.8M+106.5%	$14.5M+79.1%	$8.1M
Investing Cash Flow	-$18.1M+64.2%	-$50.6M+74.3%	-$197.2M-249.2%	-$56.5M+46.0%	-$104.5M-1247.8%	-$7.8M
Financing Cash Flow	-$3.0M-107.0%	$42.0M+563.6%	$6.3M-95.1%	$129.7M-19.4%	$160.9M+2476.1%	-$6.8M
Dividends Paid	$4.6M+5.1%	$4.4M+4.6%	$4.2M+10.0%	$3.8M+5.1%	$3.6M+3.6%	$3.5M
Share Buybacks	$338K+350.7%	$75K-93.9%	$1.2M	N/A	$2.3M	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$10.3M+2248.7%	$439K-94.5%	$8.0M+834.2%	-$1.1M-125.0%	$4.4M+53.5%	$2.9M+131.0%	$1.2M-79.9%	$6.1M
Capital Expenditures	$251K+195.3%	$85K+73.5%	$49K-53.8%	$106K-82.8%	$617K-52.8%	$1.3M+175.2%	$475K+134.0%	$203K
Free Cash Flow	$10.1M+2741.8%	$354K-95.6%	$8.0M+765.2%	-$1.2M-131.9%	$3.8M+143.4%	$1.5M+103.4%	$759K-87.2%	$5.9M
Investing Cash Flow	$7.2M+118.1%	-$40.1M-9347.9%	-$424K+97.5%	-$17.2M-702.3%	-$2.1M+19.7%	-$2.7M-120.9%	$12.8M+151.2%	-$25.0M
Financing Cash Flow	-$18.6M-143.6%	$42.8M+814.4%	-$6.0M-134.5%	$17.4M+234.5%	$5.2M+148.0%	-$10.8M-0.7%	-$10.7M-147.4%	$22.6M
Dividends Paid	$1.2M+0.1%	$1.2M+0.1%	$1.2M+4.7%	$1.2M+0.7%	$1.1M+0.2%	$1.1M+4.1%	$1.1M+0.6%	$1.1M
Share Buybacks	N/A	N/A	N/A	$17K-79.0%	$81K-53.4%	$174K	N/A	N/A

LARK Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	17.6%-1.3pp	18.9%-3.9pp	22.9%-22.4pp	45.2%-4.4pp	49.7%+20.9pp	28.7%
Return on Equity	9.6%-0.1pp	9.6%+0.8pp	8.9%-4.4pp	13.3%-2.1pp	15.4%+5.6pp	9.8%
Return on Assets	0.8%+0.1pp	0.8%+0.1pp	0.7%-0.7pp	1.4%-0.3pp	1.6%+0.6pp	1.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	10.56-0.7	11.30-1.2	12.49+3.7	8.80+0.4	8.38+0.2	8.19
FCF Margin	16.1%-1.8pp	17.9%-37.4pp	55.3%-19.6pp	74.9%+38.1pp	36.8%+15.1pp	21.7%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	23.8%+1.9pp	21.9%-2.4pp	24.3%+7.0pp	17.3%+0.8pp	16.6%+0.9pp	15.7%+0.6pp	15.1%-2.0pp	17.1%
Return on Equity	3.2%+0.2pp	3.0%-0.3pp	3.3%+0.9pp	2.4%+0.1pp	2.4%+0.2pp	2.2%+0.1pp	2.1%-0.6pp	2.6%
Return on Assets	0.3%+0.0pp	0.3%-0.0pp	0.3%+0.1pp	0.2%+0.0pp	0.2%+0.0pp	0.2%+0.0pp	0.2%-0.0pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	9.38-0.6	9.95-0.1	10.07-0.5	10.56-0.6	11.17-0.1	11.26-0.0	11.30-1.9	13.22
FCF Margin	48.5%+46.8pp	1.8%-39.4pp	41.2%+47.5pp	-6.3%-27.0pp	20.7%+12.0pp	8.7%+4.4pp	4.3%-31.0pp	35.3%

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Frequently Asked Questions

What is Landmark Banc's annual revenue?

Landmark Banc (LARK) reported $73.9M in total revenue for fiscal year 2024. This represents a 14.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Landmark Banc's revenue growing?

Landmark Banc (LARK) revenue grew by 14.2% year-over-year, from $64.7M to $73.9M in fiscal year 2024.

Is Landmark Banc profitable?

Yes, Landmark Banc (LARK) reported a net income of $13.0M in fiscal year 2024, with a net profit margin of 17.6%.

What is Landmark Banc's earnings per share (EPS)?

Landmark Banc (LARK) reported diluted earnings per share of $2.26 for fiscal year 2024. This represents a 6.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Landmark Banc's net profit margin?

Landmark Banc (LARK) had a net profit margin of 17.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Landmark Banc's return on equity (ROE)?

Landmark Banc (LARK) has a return on equity of 9.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Landmark Banc's free cash flow?

Landmark Banc (LARK) generated $11.9M in free cash flow during fiscal year 2024. This represents a 2.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Landmark Banc's operating cash flow?

Landmark Banc (LARK) generated $14.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Landmark Banc's total assets?

Landmark Banc (LARK) had $1.6B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Landmark Banc's capital expenditures?

Landmark Banc (LARK) invested $2.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Landmark Banc buy back shares?

Yes, Landmark Banc (LARK) spent $338K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

What is Landmark Banc's debt-to-equity ratio?

Landmark Banc (LARK) had a debt-to-equity ratio of 10.56 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Landmark Banc's return on assets (ROA)?

Landmark Banc (LARK) had a return on assets of 0.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Landmark Banc's Piotroski F-Score?

Landmark Banc (LARK) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Landmark Banc's earnings high quality?

Landmark Banc (LARK) has an earnings quality ratio of 1.09x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Landmark Banc?

Landmark Banc (LARK) scores 47 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.