Education
About Us
Working with TipRanks
Follow Us
Landmark (LARK)
:LARK
Top Page
Landmark Bancorp
(NASDAQ:LARK)
74Outperform
Landmark Bancorp (LARK) vs. S&P 500 (SPY)
Market Cap
$139.38M
Dividend Yield3.36%
Average Volume (3M)12.08K
Price to Earnings (P/E)10.7
Beta (1Y)0.57
Revenue Growth15.19%
EPS Growth14.28%
CountryUS
Employees280
SectorFinancial
Sector Strength77
IndustryBanking
Share Statistics
EPS (TTM)2.25
Shares Outstanding5,776,282
10 Day Avg. Volume14,756
30 Day Avg. Volume12,084
Financial Highlights & Ratios
PEG Ratio1.74
Price to Book (P/B)N/A
Price to Sales (P/S)2.42
Price to Cash Flow (P/CF)4.30
P/FCF Ratio2.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Landmark Bancorp Business Overview & Revenue Model
Company DescriptionLandmark Bancorp, Inc. /Kansas/ is a holding company, which engages in the provision of financial and banking services. Through its subsidiary, it offers checking accounts, savings and investments, loans, online and mobile, business checking, and business services. The company was founded on October 9, 2001 and is headquartered in Manhattan, KS.
How the Company Makes MoneyLandmark Bancorp generates revenue primarily through interest income from loans and mortgages extended to customers, as well as interest earned on securities. Additional revenue streams include fees for services such as account maintenance, transaction processing, and investment advisory services. The company also earns income from its investment portfolio and engages in partnerships with financial service providers to offer a broader array of financial products to its customers. Factors contributing to its earnings include the interest rate environment, the volume of loans and deposits, and the economic conditions in the regions it serves.
Landmark Bancorp Financial Statement Overview
Summary
Landmark Bancorp demonstrates strong revenue growth and profitability metrics, with an impressive income statement and solid cash flow figures. However, their balance sheet reveals moderate financial stability with a low equity ratio indicating reliance on liabilities, a factor that slightly tempers the overall financial performance score.Income Statement
Landmark Bancorp shows a strong income statement with a high gross profit margin of approximately 82.1% TTM, indicating efficient cost management. The net profit margin stands at 16.2% TTM, reflecting healthy profitability. The revenue growth rate is significant at 35.8% TTM compared to the previous year, highlighting a strong upward trajectory in revenue. However, the EBIT margin of 20.8% TTM is slightly lower than historical peaks, suggesting some operational challenges.78
Positive
Balance Sheet
The balance sheet indicates moderate financial stability with a debt-to-equity ratio of 0.81 TTM, reflecting manageable leverage within the banking sector norms. The return on equity is strong at 8.85% TTM, showcasing effective use of equity. However, the equity ratio is relatively low at 8.93% TTM, implying higher reliance on liabilities which could pose risk in economic downturns.65
Positive
Cash Flow
The cash flow statement reveals robust free cash flow growth of 9.1% TTM, signaling effective cash management. The operating cash flow to net income ratio is 1.24 TTM, indicating strong operational cash generation relative to profit. The free cash flow to net income ratio is also solid at 1.03 TTM, demonstrating good cash conversion capabilities. Nonetheless, fluctuations in financing cash flows suggest potential volatility in funding activities.72
Positive
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 76.30M | 56.17M | 52.58M | 60.58M | 63.84M | 46.16M | Gross Profit |
| 62.69M | 56.17M | 52.58M | 60.58M | 63.84M | 46.16M | EBIT |
| 15.87M | 14.19M | 15.66M | 22.82M | 24.28M | 12.12M | EBITDA |
| 16.57M | 0.00 | 13.89M | 25.42M | 26.87M | 14.34M | Net Income Common Stockholders |
| 12.36M | 12.24M | 9.88M | 18.01M | 19.49M | 10.66M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 407.46M | 27.10M | 521.55M | 577.31M | 382.09M | 376.69M | Total Assets |
| 985.78M | 1.56B | 1.50B | 1.33B | 1.19B | 998.47M | Total Debt |
| 56.90M | 99.03M | 68.25M | 29.05M | 28.02M | 42.20M | Net Debt |
| 37.78M | 67.01M | 36.01M | -167.54M | -56.80M | 28.50M | Total Liabilities |
| 893.88M | 1.43B | 1.39B | 1.19B | 1.06B | 889.86M | Stockholders Equity |
| 91.90M | 126.91M | 111.43M | 135.64M | 126.67M | 108.61M |
| Cash Flow | Free Cash Flow | ||||
| 12.67M | 11.61M | 23.90M | 29.84M | 14.46M | 8.24M | Operating Cash Flow |
| 15.36M | 12.60M | 24.78M | 31.16M | 14.81M | 9.28M | Investing Cash Flow |
| 11.71M | -50.61M | -197.16M | -56.45M | -104.55M | -7.93M | Financing Cash Flow |
| -31.07M | 41.95M | 6.32M | 129.69M | 160.86M | -6.77M |
Landmark Bancorp Technical Analysis
Positive
24.13
Price Trends
23.96
Positive
22.79
Positive
20.65
Positive
Market Momentum
-0.10
Negative
55.05
Neutral
75.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LARK, the sentiment is Positive. The current price of 24.13 is below the 20-day moving average (MA) of 24.15, above the 50-day MA of 23.96, and above the 200-day MA of 20.65, indicating a bullish trend. The MACD of -0.10 indicates Negative momentum. The RSI at 55.05 is Neutral, neither overbought nor oversold. The STOCH value of 75.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LARK.
Landmark Bancorp Risk Analysis
Landmark Bancorp disclosed 38 risk factors in its most recent earnings report. Landmark Bancorp reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Landmark Bancorp Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $579.12M | 10.33 | 10.34% | 1.36% | 11.01% | 8.09% | |
75 Outperform | $2.28B | 11.42 | 8.85% | 3.57% | 5.54% | -8.57% | |
74 Outperform | $139.38M | 10.70 | 9.88% | 3.36% | 15.19% | 14.28% | |
72 Outperform | $214.90M | 11.03 | 8.95% | 2.65% | 10.65% | -12.80% | |
69 Neutral | $2.32B | 10.12 | 9.72% | 3.87% | 9.95% | -11.02% | |
65 Neutral | $839.38M | 10.60 | 9.62% | 2.71% | 17.70% | 3.88% | |
64 Neutral | $13.79B | 10.52 | 9.20% | 4.24% | 17.25% | -7.60% |
* Financial Sector Average
Performance Comparison
LARK
Landmark Bancorp
24.45
6.77
38.29%
CFFI
C&F Financial
68.47
19.06
38.58%
FFBC
First Financial Bancorp
24.54
3.66
17.53%
FRME
First Merchants
39.52
7.09
21.86%
HTB
Hometrust Bancshares
33.70
8.21
32.21%
FMBH
First Mid-Illinois Bancshares
35.14
5.36
18.00%
Landmark Bancorp Earnings Call Summary
Earnings Call Date: Feb 5, 2025 | % Change Since: 2.51% | Next Earnings Date: May 6, 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.Highlights
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.
Lowlights
Decrease in Net Income Compared to Prior Quarter
Net income in the fourth quarter of 2024 was $3.3 million, compared to $3.9 million in the prior quarter, primarily due to a decline in non-interest income and higher non-interest expenses.
Securities Loss
A securities loss of $1.0 million was reported due to the sale of low-yielding U.S. Treasury securities.
Increased Non-Interest Expenses
Non-interest expenses increased by $1.3 million in the fourth quarter, driven by higher professional fees and compensation costs.
Provision for Credit Losses
A provision for credit losses of $1.5 million was recorded, up from $500,000 in the prior quarter, reflecting increased reserves for one non-accrual loan.
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.Landmark Bancorp Corporate Events
Financial Disclosures
Landmark Bancorp to Release Q4 2024 Earnings
Neutral
Jan 29, 2025
On January 29, 2025, Landmark Bancorp announced plans to release its fourth-quarter 2024 earnings on February 4, 2025, after the market closes. A conference call to discuss these results is scheduled for February 5, 2025, at 10:00 a.m. Central Time, offering investors an opportunity to gain insights into the company’s financial performance. The earnings call can be accessed via telephone, with a replay available until February 12, 2025.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.