Landmark Bancorp Reports Strong Q1 2025 Earnings

Landmark ( (LARK) ) has released its Q1 earnings. Here is a breakdown of the information Landmark presented to its investors.

Landmark Bancorp, Inc., headquartered in Manhattan, Kansas, is a community banking organization providing a range of financial services through its 29 locations across Kansas.

In the first quarter of 2025, Landmark Bancorp reported a significant growth in net earnings, with a 43.2% increase compared to the previous year, and declared a cash dividend of $0.21 per share.

The company’s financial performance was bolstered by a notable increase in net interest income, which rose by 5.8% from the previous quarter, driven by higher interest income on loans and reduced interest expenses. Landmark also saw a substantial growth in loans, with an annualized increase of 8.7%, and a 3.3% rise in deposits compared to the same quarter last year. Additionally, the company managed to reduce its non-interest expenses by $1.1 million, contributing to its improved efficiency ratio of 64.1%.

Landmark’s credit quality remained stable, with minimal net charge-offs and no provision for credit losses recorded in the first quarter. The company’s stockholders’ equity increased to $142.7 million, reflecting a stronger financial position.

Looking ahead, Landmark Bancorp’s management remains optimistic about continued growth, supported by strong loan demand and effective cost management strategies, positioning the company well for future financial performance.