Welcome to our dedicated page for Landmark Banc news (Ticker: LARK), a resource for investors and traders seeking the latest updates and insights on Landmark Banc stock.
Landmark Bancorp, Inc. (NASDAQ: LARK) is the holding company for Landmark National Bank, a community banking organization headquartered in Manhattan, Kansas. This news page aggregates recent press releases and market updates related to Landmark Bancorp and its banking operations across multiple Kansas communities.
Company news frequently centers on quarterly and annual earnings announcements, where Landmark reports diluted earnings per share, net income, net interest margin, loan and deposit growth, credit quality metrics and capital ratios. These releases often include detailed commentary from management on loan demand in commercial real estate, commercial, agriculture, residential mortgage and other loan categories, as well as discussions of non-interest income and expense trends.
Investors following LARK news will also see dividend declarations, including recurring cash dividends and the company’s long history of annual 5% stock dividends, as described in its public communications. Landmark’s news flow includes notices of upcoming earnings conference calls, with dial-in and replay information, and Form 8-K filings that furnish press releases on results and dividend actions.
Another notable aspect of Landmark’s news coverage is recognition such as its inclusion in Piper Sandler’s SM-All Stars Class of 2025, which the company highlighted as an acknowledgment of its performance among small-cap banks. By reviewing the news items on this page, readers can track how Landmark Bancorp’s community banking model, loan portfolio, funding mix and capital position are discussed over time in official company communications.
Landmark Bancorp, Inc. (Nasdaq: LARK) has successfully completed the acquisition of Freedom Bancshares, Inc., enhancing its financial portfolio with Freedom Bank's $117 million in loans and $150 million in deposits. The merger, effective October 1, 2022, increases Landmark's total assets to approximately $1.5 billion and total deposits to around $1.3 billion, expanding its presence to 31 branches across Kansas. Landmark aims to integrate Freedom Bank's operations, ensuring continuous customer support and a diverse range of services.
Landmark Bancorp, Inc. (LARK) announced a cash dividend of $0.21 per share and reported diluted earnings per share of $0.61 for Q2 2022, down from $0.99 a year ago. Net earnings decreased to $3.0 million, compared to $5.0 million in the prior year. Notably, total gross loans grew by $36.4 million due to strong demand in commercial and residential loans. However, net interest income dropped to $8.9 million, significantly impacted by a decline in interest from loans. The efficiency ratio stood at 69.1% with total assets of $1.3 billion.