Landmark Bancorp, Inc. (LARK) Q3 2025 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 30 2025
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Should l Buy LARK?
Source: SeekingAlpha
Net Income $4.9 million for Q3 2025, up from $3.9 million in Q3 2024, a 24.1% increase in diluted earnings per share. This increase was primarily due to growth in net interest income and prudently managed expenses.
Return on Average Assets Improved to 1.21% for Q3 2025. No specific year-over-year comparison provided.
Return on Average Equity Improved to 13.0% for Q3 2025. No specific year-over-year comparison provided.
Net Interest Income $14.1 million for Q3 2025, an increase of $411,000 compared to Q2 2025, driven by higher interest income.
Interest Income on Loans $17.8 million for Q3 2025, an increase of $597,000 from Q2 2025, due to higher average loan balances.
Net Interest Margin 3.83% for Q3 2025, steady compared to Q2 2025, and improved by 53 basis points compared to Q3 2024.
Noninterest Income $4.1 million for Q3 2025, an increase of $442,000 compared to Q2 2025, driven by gains on sales of mortgage loans and higher deposit-related fee income.
Noninterest Expense $11.3 million for Q3 2025, an increase of $290,000 compared to Q2 2025, primarily due to higher professional fees, occupancy and equipment expenses, and compensation and benefits.
Efficiency Ratio Improved to 60.7% for Q3 2025, compared to 66.5% in Q3 2024, due to growth in noninterest income and controlled expenses.
Allowance for Credit Losses $12.3 million as of September 30, 2025, representing 1.10% of gross loans. No specific year-over-year comparison provided.
Net Loan Charge-Offs $2.3 million for Q3 2025, compared to $9,000 in Q3 2024, primarily due to the resolution of a large commercial loan.
Deposits $1.3 billion as of September 30, 2025, an increase of $51.6 million compared to Q2 2025. Growth was driven by certificates of deposits, interest checking, and money market deposits.
Stockholders' Equity $155.7 million as of September 30, 2025, an increase of $7.4 million compared to Q2 2025, driven by lower net unrealized losses on investment securities and net earnings.
Book Value Per Share $26.92 as of September 30, 2025, up from $25.66 as of June 30, 2025.
Tangible Book Value Per Share $20.96 as of September 30, 2025, up 6.6% from Q2 2025 and 15.7% from Q3 2024, driven by growth in retained earnings and a reduction in accumulated other comprehensive loss.
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Analyst Views on LARK
About LARK
Landmark Bancorp, Inc. is the holding company for Landmark National Bank (the Bank). The Bank is a community banking organization engaged in providing financial and banking services. The Company’s business consists of the ownership of the Bank and Landmark Risk Management, Inc. The Bank’s primary deposit gathering and lending markets are geographically diversified throughout central, eastern, southeast, and southwest Kansas. The Bank is principally engaged in the business of attracting deposits from the general public and using such deposits, together with borrowings and other funds, to originate one-to-four family residential real estate, construction and land, commercial real estate (CRE), commercial, agriculture, municipal and consumer loans. The Bank also invests in certain investment and mortgage-related securities using deposits and other borrowings as funding sources. Landmark Risk Management, Inc. provides property and casualty insurance coverage to the Company and the Bank.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Landmark Bancorp Reports Strong Q4 2025 Earnings Growth
- Net Income Growth: Landmark Bancorp reported a net income of $4.7 million for Q4 2025, translating to diluted earnings per share of $0.77, which marks a significant increase from $3.3 million in Q4 2024, highlighting the company's robust profitability amid rising net interest income.
- Increase in Net Interest Income: The bank's net interest income reached $14.8 million in Q4, up $695,000 from the previous quarter, driven by improved asset yields and lower funding costs, thereby strengthening the company's financial position.
- Improvement in Nonperforming Loans: Nonperforming loans decreased slightly to just under $10 million, representing 0.90% of gross loans, down $3.1 million from year-end 2024, reflecting effective credit quality monitoring and risk management strategies.
- Continued Shareholder Returns: The board declared a cash dividend of $0.21 per share to be paid on February 26, 2026, marking the 98th consecutive quarterly cash dividend, which underscores the company's commitment to returning value to shareholders.
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Landmark Bancorp LARK Q4 2025 Earnings Transcript
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- Net Earnings Growth: Landmark Bancorp reported net earnings of $18.8 million for 2025, a 44.4% increase from $13.0 million in 2024, primarily driven by strong growth in net interest income and well-controlled non-interest expenses.
- Earnings Per Share Improvement: The diluted earnings per share for Q4 2025 was $0.77, showing a decrease from $0.81 in Q3 but a significant increase from $0.54 in the same quarter last year, reflecting ongoing improvements in profitability.
- Enhanced Capital Ratios: As of December 31, 2025, the tangible common equity to assets ratio increased to 8.03%, demonstrating robust capital management that helps bolster market confidence.
- Dividend Declaration: The Board declared a quarterly cash dividend of $0.21 per share, payable on February 26, 2026, to common stockholders of record as of February 12, 2026, highlighting the company's commitment to shareholder returns.
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- Earnings Release Schedule: Landmark Bancorp will release its Q4 2025 earnings after market close on January 28, 2026, which is expected to provide investors with crucial financial performance data to assess the company's future growth potential.
- Conference Call Timing: The company will host a conference call on January 29, 2026, at 10:00 am CT to discuss the earnings results, aiming to enhance communication with investors and improve transparency and trust.
- Replay Information: A replay of the earnings call will be available until February 5, 2026, allowing investors who missed the live event to access key information by dialing (866) 813-9403 and using access code 974716.
- Company Background: Landmark Bancorp, headquartered in Manhattan, Kansas, operates 29 branches and is dedicated to providing quality financial services, thereby strengthening its competitive position in the local market.
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Landmark Bancorp Named to Piper Sandler SM-All Stars Class of 2025
- Honor Recognition: Landmark Bancorp has been named one of the 24 small-cap banks in the U.S. to Piper Sandler’s SM-All Stars Class of 2025, showcasing its outstanding performance in growth, profitability, credit quality, and capital strength.
- New Member: As one of the six new banks recognized this year, Landmark stands out in a competitive financial market, further solidifying its position among small banks and enhancing its reputation.
- Community Bank Mission: CEO Abby Wendel stated that this honor reflects the dedication of the team and the support of the Board, emphasizing the company's strategic focus on building personalized relationships with clients to enhance community impact.
- Business Expansion: With 29 branches across 23 communities in Kansas, this recognition is expected to boost brand visibility, attract more customers, and drive future business growth.
See More
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- Honor Recognition: Landmark Bancorp has been named one of the 24 top-performing small-cap banks in the U.S. by Piper Sandler for its 2025 SM-All Stars Class, showcasing its excellence in growth, profitability, and capital strength.
- New Member: As one of six new banks recognized this year, Landmark stands out in a competitive financial landscape, further solidifying its market position and reputation.
- Community Banking Mission: CEO Abby Wendel emphasized that this honor reflects the dedication of the team and the support of the Board, highlighting their commitment to building personalized relationships with clients as a community bank.
- Service Network Expansion: With 29 branches across 23 communities in Kansas, Landmark National Bank continues to drive local economic development, enhancing its influence in the regional market.
See More
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- Net Income Growth: Landmark Bancorp reported a net income of $4.7 million for Q4 2025, translating to diluted earnings per share of $0.77, which marks a significant increase from $3.3 million in Q4 2024, highlighting the company's robust profitability amid rising net interest income.
- Increase in Net Interest Income: The bank's net interest income reached $14.8 million in Q4, up $695,000 from the previous quarter, driven by improved asset yields and lower funding costs, thereby strengthening the company's financial position.
- Improvement in Nonperforming Loans: Nonperforming loans decreased slightly to just under $10 million, representing 0.90% of gross loans, down $3.1 million from year-end 2024, reflecting effective credit quality monitoring and risk management strategies.
- Continued Shareholder Returns: The board declared a cash dividend of $0.21 per share to be paid on February 26, 2026, marking the 98th consecutive quarterly cash dividend, which underscores the company's commitment to returning value to shareholders.
See More
Landmark Bancorp LARK Q4 2025 Earnings Transcript
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Landmark Bancorp Reports 44.4% Increase in Net Earnings for 2025
- Net Earnings Growth: Landmark Bancorp reported net earnings of $18.8 million for 2025, a 44.4% increase from $13.0 million in 2024, primarily driven by strong growth in net interest income and well-controlled non-interest expenses.
- Earnings Per Share Improvement: The diluted earnings per share for Q4 2025 was $0.77, showing a decrease from $0.81 in Q3 but a significant increase from $0.54 in the same quarter last year, reflecting ongoing improvements in profitability.
- Enhanced Capital Ratios: As of December 31, 2025, the tangible common equity to assets ratio increased to 8.03%, demonstrating robust capital management that helps bolster market confidence.
- Dividend Declaration: The Board declared a quarterly cash dividend of $0.21 per share, payable on February 26, 2026, to common stockholders of record as of February 12, 2026, highlighting the company's commitment to shareholder returns.
See More
Landmark Bancorp (LARK) to Release Q4 2025 Earnings on January 28, 2026
- Earnings Release Schedule: Landmark Bancorp will release its Q4 2025 earnings after market close on January 28, 2026, which is expected to provide investors with crucial financial performance data to assess the company's future growth potential.
- Conference Call Timing: The company will host a conference call on January 29, 2026, at 10:00 am CT to discuss the earnings results, aiming to enhance communication with investors and improve transparency and trust.
- Replay Information: A replay of the earnings call will be available until February 5, 2026, allowing investors who missed the live event to access key information by dialing (866) 813-9403 and using access code 974716.
- Company Background: Landmark Bancorp, headquartered in Manhattan, Kansas, operates 29 branches and is dedicated to providing quality financial services, thereby strengthening its competitive position in the local market.
See More
Landmark Bancorp Named to Piper Sandler SM-All Stars Class of 2025
- Honor Recognition: Landmark Bancorp has been named one of the 24 small-cap banks in the U.S. to Piper Sandler’s SM-All Stars Class of 2025, showcasing its outstanding performance in growth, profitability, credit quality, and capital strength.
- New Member: As one of the six new banks recognized this year, Landmark stands out in a competitive financial market, further solidifying its position among small banks and enhancing its reputation.
- Community Bank Mission: CEO Abby Wendel stated that this honor reflects the dedication of the team and the support of the Board, emphasizing the company's strategic focus on building personalized relationships with clients to enhance community impact.
- Business Expansion: With 29 branches across 23 communities in Kansas, this recognition is expected to boost brand visibility, attract more customers, and drive future business growth.
See More
Landmark Bancorp Named to Piper Sandler's SM-All Stars Class of 2025
- Honor Recognition: Landmark Bancorp has been named one of the 24 top-performing small-cap banks in the U.S. by Piper Sandler for its 2025 SM-All Stars Class, showcasing its excellence in growth, profitability, and capital strength.
- New Member: As one of six new banks recognized this year, Landmark stands out in a competitive financial landscape, further solidifying its market position and reputation.
- Community Banking Mission: CEO Abby Wendel emphasized that this honor reflects the dedication of the team and the support of the Board, highlighting their commitment to building personalized relationships with clients as a community bank.
- Service Network Expansion: With 29 branches across 23 communities in Kansas, Landmark National Bank continues to drive local economic development, enhancing its influence in the regional market.
See More
