Landmark Bancorp, Inc. (LARK) Market Cap
Landmark Bancorp, Inc. has a market capitalization of $163.6M.
Financials based on reported quarter end 2025-12-31
Price: $26.83
▲ 0.08 (0.30%)
Market Cap: 163.62M
NASDAQ · time unavailable
CEO: Abigail Wendel
Sector: Financial Services
Industry: Banks - Regional
IPO Date: 1994-03-28
Website: https://www.banklandmark.com
Landmark Bancorp, Inc. (LARK) - Company Information
Market Cap: 163.62M · Sector: Financial Services
Landmark Bancorp, Inc. operates as the financial holding company for Landmark National Bank that provides various financial and banking services to its local communities. It offers non-interest bearing demand, money market, checking, and savings accounts, as well as certificates of deposit. The company also one-to-four family residential real estate, construction and land, commercial real estate, commercial, paycheck protection program, municipal, and agriculture loans; and consumer and other loans, including automobile, boat, and home improvement and home equity loans, as well as insurance, and mobile and online banking services. In addition, the company invests in certain investment and mortgage-related securities. It has 30 branch offices in 24 communities across the state of Kansas. The company was founded in 1885 and is headquartered in Manhattan, Kansas.
Analyst Sentiment
Based on 0 ratings
Consensus Price Target
No data available
Price & Moving Averages
Related Companies in Financial Services
ECB BANCORP INC (ECBK)
Financial Services
$0.16B
Mkt Cap
HANOVER BANCORP INC (HNVR)
Financial Services
$0.16B
Mkt Cap
BCB BANCORP INC (BCBP)
Financial Services
$0.17B
Mkt Cap
RHINEBECK BANCORP INC (RBKB)
Financial Services
$0.17B
Mkt Cap
MAINSTREET BANCSHARES INC (MNSB)
Financial Services
$0.17B
Mkt Cap
WESTWOOD HOLDINGS GROUP INC (WHG)
Financial Services
$0.15B
Mkt Cap
Fundamentals Overview
Management highlighted strong operating performance with Q4 net income of $4.7M and diluted EPS of $0.77, plus a full-year net interest margin increase of +58 bps to 3.86% and a sharply improved efficiency ratio (62.7% vs 69.1% in 2024). They also emphasized credit normalization after a one-time elevated Q3 charge-off from resolving a single commercial credit: Q4 net charge-offs fell to $341K and nonperforming loans were just under $10M (0.90% of gross loans). However, the transcript contains no analyst Q&A—so there is no evidence of hard pushback, guidance scrutiny, or explicit mitigation plans for macro/tariff headwinds. Operational hurdles that do appear were accounting/portfolio actions: a $101K loss from selling lower-yielding securities and a $356K impairment loss on repossessed assets held for sale, alongside elevated professional fees and compensation. Overall tone is upbeat, but without Q&A we can’t confirm whether that confidence is being stress-tested by analysts.
Growth Catalysts
- Net interest income growth driven by increased asset yields and lower funding costs
- Full-year revenue growth of 17% with operating leverage (overhead expense growth outpaced by revenue)
- Mortgage originations increased 11% year-over-year
Business Development
Financial Highlights
- Q4 2025 net income: $4.7M; diluted EPS: $0.77 (vs Q4 2024 net income $3.3M)
- Full-year 2025 net income: $18.8M; EPS: $3.07 (43% increase vs 2024 EPS)
- Net interest margin (full year): +58 bps to 3.86%; driven by cost of deposits improving to 1.56%
- Q4 2025 tax-equivalent net interest margin improved +20 bps to 4.03% (vs Q3 2025) and +52 bps (vs Q4 2024)
- Cost of deposits (Q4): 1.50%
- Efficiency ratio: 62.7% in 2025 vs 69.1% in 2024
- Q4 net interest income: $14.8M (+$695K vs Q3 2025; +$2.4M vs Q4 2024)
- Loan yield: tax-equivalent yield improved +3 bps to 6.40% (Q4)
- Average interest-bearing deposit rate: 2.06% (-12 bps) in Q4
- Interest expense provided by borrowed funds: average rate 4.93% (-16 bps)
- Allowance for credit losses: $12.5M = 1.12% of gross loans (as of Dec 31, 2025)
- Credit costs: Q4 provision net effect—provided $500K in Q4 after $850K provision in Q3
- Net charge-offs: $341K in Q4 vs $2.3M in Q3 (Q3 elevated due to resolution with a single commercial credit)
- Pretax unrealized net losses on investment portfolio declined $1.7M to $7.5M
- Tax: Q4 effective tax rate 20% (tax expense $1.2M) vs Q3 effective tax rate 18.7% (tax expense $1.1M)
Capital Funding
- Board declared cash dividend: $0.21 per share; payable Feb 26, 2026; record date Feb 12, 2026
- Tangible common equity to assets: now exceeds 8%
- Deposits: $1.4B at Dec 31, 2025 (+$63.4M QoQ); noninterest-bearing deposits 26.3% of total deposits
- Borrowings: declined $79.8M during Q4 due to deposit growth enabling reduction in expensive short-term borrowings
- Loan-to-deposit ratio: 79.1% at Dec 31, 2025
Strategy & Ops
- Repositioning investment securities portfolio: $101K loss on sale of lower-yielding securities in Q4
- Addressed problem credits during 2025 (notably resolution of a single commercial credit drove elevated Q3 charge-offs)
- Increased employee count and incentive compensation tied to improved performance (Q4 compensation & benefits up $511K)
- Higher audit/consulting costs in Q4 (professional fees up $173K)
- Impairment loss on repossessed assets held for sale: $356K in Q4
Market Outlook
Risks & Headwinds
- Credit risk: Q4 net charge-offs $341K; prior quarter charge-offs elevated ($2.3M in Q3) due to resolution of a single commercial credit
- Nonperforming loans: just under $10M or 0.90% of gross loans (slight decrease QoQ); still includes items under collection with $1.9M covered by government guarantees
- Past due loans (30–89 days still accruing): $4.3M or 0.38% of gross loans
- Investment portfolio mark/valuation risk: pretax unrealized net losses still $7.5M
- No explicit macro/tariff mitigation or guidance changes were disclosed in the provided transcript
Sentiment: POSITIVE
Note: This summary was synthesized by AI from the LARK Q4 2025 earnings transcript. Financial data is complex; please verify all metrics against official SEC filings before making investment decisions.