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Landmark Bancorp, Inc. reports community banking results through its role as the holding company for Landmark National Bank. The company’s updates center on earnings, net interest income, deposit balances, borrowings, loan-to-deposit measures, capital ratios and efficiency metrics tied to its Kansas banking footprint.
Recurring announcements also cover quarterly cash dividends, occasional stock dividends, earnings-call schedules and investor communications. Landmark’s banking business emphasizes financial and banking services across Kansas, with lending activity that includes commercial, commercial real estate, agricultural and residential real estate loans, supported by deposits, borrowings and securities investments.
Landmark Bancorp, Inc. (LARK) reported diluted earnings per share of $0.50 for Q3 2022, down from $0.61 in Q2 2022 and $0.90 in Q3 2021. Net earnings were $2.5 million, decreasing from $3.0 million last quarter and $4.5 million a year prior. Total gross loans increased by $41.4 million (24.5% annualized), driven by demand in real estate and commercial loans. Non-interest income fell by 35.4% to $3.5 million, largely due to reduced gains on residential mortgage sales. The company declared a $0.21 cash dividend per share.
Landmark Bancorp, Inc. (Nasdaq: LARK) will announce its third-quarter earnings on November 2, 2022, post-market close. The company will hold a conference call on November 3, 2022, at 10:00 AM CT to discuss the results. Investors can listen by calling (844) 200-6205, using access code 523774. A replay will be available until December 3, 2022. Landmark Bancorp, based in Manhattan, Kansas, operates 31 locations providing community banking services.
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.