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LARK

Landmark Bancorp, Inc.

LARK

Landmark Bancorp, Inc. • NASDAQ
$29.04 ▼ -0.34% (-0.10)
Market Cap $167.84 M
52w High $29.56
52w Low $20.99
Dividend Yield 0.84%
P/E 10.12
Volume 2.05K
Outstanding Shares 5.78M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 ▼ $0 ▼ $0 ▼ 0% ▼ $0.85 ▲ $0 ▼
Q2-2025 $23.724M ▲ $10.961M ▲ $4.404M ▼ 18.563% ▼ $0.76 ▼ $5.903M ▼
Q1-2025 $22.7M ▲ $10.761M ▼ $4.701M ▲ 20.709% ▲ $0.81 ▲ $6.276M ▲
Q4-2024 $22.323M ▼ $11.874M ▲ $3.282M ▼ 14.702% ▼ $0.57 ▼ $2.984M ▼
Q3-2024 $23.275M $10.559M $3.931M 16.889% $0.68 $5.394M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $0 ▼ $1.617B ▼ $1.461B ▼ $155.727M ▲
Q2-2025 $58.864M ▲ $1.625B ▲ $1.476B ▲ $148.376M ▲
Q1-2025 $54.666M ▼ $1.579B ▲ $1.436B ▼ $142.651M ▲
Q4-2024 $59.654M ▼ $1.574B ▲ $1.438B ▲ $136.215M ▼
Q3-2024 $436.586M $1.564B $1.424B $139.691M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $4.93M ▲ $10.311M ▲ $7.246M ▲ $-18.648M ▼ $-1.091M ▼ $10.445M ▲
Q2-2025 $4.404M ▼ $439K ▼ $-40.059M ▼ $42.777M ▲ $3.157M ▲ $354K ▼
Q1-2025 $4.701M ▲ $8.018M ▲ $-424K ▲ $-5.988M ▼ $1.606M ▲ $7.969M ▲
Q4-2024 $3.282M ▼ $-1.092M ▼ $-17.209M ▼ $17.365M ▲ $-936K ▲ $-1.198M ▼
Q3-2024 $3.931M $8.102M $3.919M $-14.699M $-2.678M $7.812M

Five-Year Company Overview

Income Statement

Income Statement Landmark Bancorp’s income statement shows a steady, traditional community bank story rather than a high‑growth one. Revenue has inched up over the past five years, and profits have remained consistently positive. Earnings were strongest a few years ago, then dipped, and have since improved again, though they are still a bit below prior peaks. Margins look fairly stable: the bank is earning a reasonable spread between what it pays on deposits and what it earns on loans and investments, even through shifting interest‑rate conditions. Overall, the picture is of a bank that manages to stay profitable across cycles, with modest growth and disciplined cost control, but not one delivering rapid expansion.

Balance Sheet

Balance Sheet The balance sheet has grown steadily, with total assets rising over the past five years as the bank has expanded its loan book and investments. Shareholders’ equity has also grown, suggesting the bank is retaining some earnings to strengthen its capital base. Debt funding has increased over time but still appears modest relative to total assets, which is typical for a conservative regional bank. The notable shift is in cash: Landmark held a sizable cash cushion a few years ago and has since redeployed much of that into loans and other earning assets. That can help earnings but leaves less immediate liquidity, so the bank’s risk management and funding access become more important. Taken together, the balance sheet points to a measured growth strategy with generally sound capitalization, but with a tighter on‑balance‑sheet liquidity position than earlier in the period.

Cash Flow

Cash Flow Cash flow from operations has been consistently positive, which is what you want to see from a bank that relies on recurring net interest income and fees. Operating and free cash flow were particularly strong a few years back and have since normalized to more moderate, but still positive, levels. Capital spending is very light, which fits a banking model where major investments are more about systems, people, and acquisitions than physical assets. With positive free cash flow and low capital needs, Landmark has room to support dividends, regular small stock splits, and occasional growth initiatives, as long as credit quality and funding conditions remain supportive.

Competitive Edge

Competitive Edge Landmark operates as a classic community bank in Kansas, with strength built on relationships rather than scale. Its edge comes from local decision‑making, deep ties to customers, and specialization in commercial, commercial real estate, and agricultural lending. In those areas, local knowledge and trust can matter more than the absolute lowest rate. The bank benefits from customer loyalty and a reputation for prudent risk management. It also focuses on small and mid‑sized businesses and farms that may feel underserved by large national banks. On the other hand, it competes against bigger regional banks, credit unions, and increasingly digital‑first players that can offer broader product sets and slicker apps. Landmark’s moat is therefore narrow but durable in its core geographies, as long as it maintains service quality and credit discipline.

Innovation and R&D

Innovation and R&D Landmark is not a heavy spender on in‑house technology development, but it has adopted most of the modern digital tools customers expect. It offers online and mobile banking, remote check deposit, digital wallets, and person‑to‑person payments, largely through third‑party providers. For business clients, it layers in cash‑management, remote deposit, and point‑of‑sale solutions via partners like Clover. The “innovation” here is more about smart integration and tailoring of off‑the‑shelf tools to local customers than about breakthrough products. Management is also focusing on improving the employee experience and building out treasury management capabilities, which can deepen relationships with business clients. The main risk is that, as technology expectations rise, Landmark must keep investing and choosing partners wisely so it doesn’t fall behind larger banks with greater tech budgets.

Summary

Overall, Landmark Bancorp looks like a steady, conservatively run community bank with consistent profitability, a gradually expanding balance sheet, and a clear focus on relationship banking in its Kansas footprint. Financially, it generates stable earnings and positive cash flow, with capital levels that appear solid and funding that is broadly conservative, though cash liquidity is leaner than a few years ago. Strategically, its strengths lie in local ties, agricultural and small‑business expertise, and disciplined risk management, rather than in cutting‑edge technology or rapid growth. The main opportunities are to deepen relationships with commercial and agricultural clients, grow treasury and payments services, and thoughtfully use acquisitions to extend its footprint. The key risks center on credit quality in a cyclical economy, interest‑rate swings that could pressure margins, rising digital expectations from customers, and competition from larger and online‑only banks. Future performance will depend heavily on how well Landmark balances its traditional community‑bank identity with ongoing investments in people, systems, and digital capabilities, while keeping its risk profile in check.

NEWS

October 17, 2025 · 11:27 AM UTC

Landmark Bancorp, Inc. Announces Conference Call to Discuss Third Quarter 2025 Earnings

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September 16, 2025 · 9:30 AM UTC

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Landmark Bancorp, Inc. (NASDAQ: LARK)

Read more