Landmark Bancorp, Inc. (LARK)

In December 2025, a 5% stock dividend was paid. In January 2026, the company received national recognition as a Top-Performing Small-Cap Bank, and analysts described the Q4 2025 earnings transcript as "Positive". In April 2026, news emerged that stronger margins lifted the company's 2025 results, driven by loan growth and wider spreads, with net interest income rising to $55.7 million and the net interest margin improving to 3.86%. Landmark Bancorp reported its Q1 2026 earnings, highlighting record total revenue of $18.8 million, diluted EPS of $0.83, net interest income of $15.0 million, and an expanded net interest margin of 4.24%. During Q1 2026, deposits decreased by $66.2 million, non-interest income experienced a seasonal decline, and non-interest expenses were affected by a $433,000 fraud loss and higher insurance reserves. On May 8, 2026, the stock was noted to be trading at approximately 1.3 times its tangible book value and a P/E ratio of 8, with a tangible book value per share of $20.89.

Demand for Landmark Bancorp, Inc.'s products and services exhibits some seasonality, with seasonal public fund outflows leading to decreases in deposits, particularly in the first quarter. Non-interest income can see a seasonal decrease in interchange and lower overdraft income during the first quarter. There is an inherent seasonality tied to the agricultural cycle due to the company's focus on agricultural lending.

Landmark Bancorp, Inc. operates in the Financial Services sector, specifically within the Banks - Regional industry, using a community banking model. The company offers deposit products such as checking, savings, money market accounts, time deposits, and CDs. Lending products include real estate loans, commercial loans, municipal loans, agriculture loans, and consumer loans. Other services include treasury management, insurance, and online banking.

Landmark Bancorp, Inc. is headquartered in Manhattan, Kansas, with operations concentrated in Kansas, featuring 29 branch offices in 23 communities. In February 2024, the company expanded its presence by opening a loan production office in Kansas City, Missouri.

Landmark Bancorp, Inc. maintains a strong brand reputation within its local market and Landmark National Bank was previously honored as "Bank of the Year" by the Kansas Bankers Association. No specific events negatively impacting the company's reputation in the past year were identified.

Major institutional owners of Landmark Bancorp, Inc. include The Vanguard Group, Inc., BlackRock, Inc., and Kornitzer Capital Management, Inc. Members of the board of directors, such as Patrick L. Alexander, Mark J. Kohlrus, David H. Snapp, Jim W. Lewis, Sandra J. Moll, and Wayne R. Sloan, hold positions within the company.