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Landmark (LARK)
:LARK
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.51Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: 7.65%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a generally positive sentiment with solid growth in net income for the year, significant loan growth, and improved efficiency ratios. However, there were challenges such as a decrease in net income compared to the prior quarter, securities losses, and increased expenses, suggesting mixed results for the quarter.Company Guidance
During Landmark Bancorp Inc.'s fourth quarter earnings call for fiscal year 2024, significant growth metrics were shared, highlighting a robust performance. Net income for the year totaled $13 million, marking a 6.3% increase from the previous year. The company added $103.7 million in new loans, while net interest income rose by 6% to $45.7 million. Non-interest income also saw a 13% boost, increasing by $1.5 million. The fourth quarter alone reported solid earnings of $3.3 million, with diluted earnings per share rising by 25% to $0.57 compared to the same quarter last year. The return on average assets was noted at 0.83% and return on average equity at 9.54%, with an efficiency ratio at 70%. Total gross loans increased by $50.5 million, contributing to an annualized growth rate of 20%, bringing total loan balances close to $1.1 billion. Deposit balances also rose by $53 million, supporting loan growth and reducing short-term borrowings. The net interest margin improved by 21 basis points to 3.51%, underscoring the bank's effective management of interest rate and credit risk, and enhancing its position for continued growth in 2025.Strong Full-Year Performance
Net income for the year ending December 31, 2024, totaled $13 million, a 6.3% increase from the prior year. Net interest income increased by 6% to $45.7 million, and non-interest income grew by approximately 13%.
Loan Growth
Total gross loans increased by $50.5 million in the fourth quarter, representing a 20% annualized growth rate. This brings total loan balances to nearly $1.1 billion.
Improved Efficiency Ratio
The efficiency ratio improved in the fourth quarter of 2024, indicating better expense management and operational efficiency.
Dividend Payments
A 5% stock dividend was distributed, and a cash dividend of $0.20 per share was paid. The Board declared a cash dividend of $0.21 per share to be paid in March 2025.
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LARK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LARK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $23.54 | $23.98 | +1.87% |
| Oct 30, 2024 | $18.75 | $19.67 | +4.91% |
| Aug 05, 2024 | $18.52 | $18.74 | +1.19% |
| May 01, 2024 | $16.72 | $16.94 | +1.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Landmark (LARK) report earnings?
Landmark (LARK) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Landmark (LARK) earnings time?
Landmark (LARK) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LARK EPS forecast?
Currently, no data Available
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