Landmark Bancorp Delays Annual 10-K Filing

Landmark Bancorp ( (LARK) ) has released a notification of late filing.

Landmark Bancorp, Inc. has filed a Form 12b-25 to notify investors that it will delay its Annual Report on Form 10-K (Yearly Report) for the year ended December 31, 2025. The company’s 2025 Form 10-K (Yearly Report) is being filed late, even though all other required periodic reports over the past 12 months have been submitted on time.

The delay stems from an internal investigation into alleged misconduct by a non-executive employee at Landmark National Bank, launched after the January 28, 2026 earnings release. Management and the Audit and Risk Committee, supported by outside counsel and advisors, are reviewing the matter and its implications for internal controls and the annual closing process.

Landmark Bancorp expects to file the 2025 Form 10-K (Yearly Report) within the standard 15-day extension window allowed under SEC rules. Management emphasizes that it is working under the oversight of the Audit and Risk Committee to complete all additional procedures as soon as reasonably possible.

The company currently does not expect the amounts at issue to materially impact previously reported periods or its January 28, 2026 earnings release, and it does not anticipate significant changes in operating results versus the prior year. However, it cautions that the investigation is ongoing, actual results may differ from current expectations, and all timing and outcome statements are forward-looking and subject to risk.

Landmark Bancorp states it is assessing the effectiveness of its internal control over financial reporting and aims to remain in full SEC compliance once the 2025 Form 10-K (Yearly Report) is filed. The notification is signed on April 1, 2026 by Mark A. Herpich, Vice President, Secretary, Treasurer and Chief Financial Officer, underscoring executive accountability for the disclosure.

The most recent analyst rating on (LARK) stock is a Buy with a $31.00 price target. To see the full list of analyst forecasts on Landmark Bancorp stock, see the LARK Stock Forecast page.

Spark’s Take on LARK Stock

According to Spark, TipRanks’ AI Analyst, LARK is a Outperform.

The score is driven primarily by improved recent fundamentals (higher earnings and strong cash conversion) despite rising leverage and historical volatility. Technicals are supportive with price above key moving averages and positive momentum indicators. Valuation adds a boost due to the low P/E and ~3% dividend yield, while the latest earnings call was broadly positive but included cost pressures and investment-portfolio unrealized losses.

To see Spark’s full report on LARK stock, click here.

More about Landmark Bancorp

Landmark Bancorp, Inc. is a bank holding company headquartered in Manhattan, Kansas, and operates through its wholly owned subsidiary, Landmark National Bank. The group focuses on community banking services, including lending and deposit products, primarily in regional markets across Kansas.

Average Trading Volume: 6,731

Technical Sentiment Signal: Buy

Current Market Cap: $150.6M

See more insights into LARK stock on TipRanks’ Stock Analysis page.