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Landmark Bancorp Inc. (LARK)
NASDAQ:LARK
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Landmark Bancorp
(NASDAQ:LARK)
Rating:77Outperform
Price Target:―
Landmark Bancorp (LARK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$168.91M
Dividend Yield2.77%
Average Volume (3M)25.52K
Price to Earnings (P/E)11.3
Beta (1Y)0.26
Revenue Growth15.90%
EPS Growth27.67%
CountryUS
Employees283
SectorFinancial
Sector Strength82
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.81
Shares Outstanding5,778,610
10 Day Avg. Volume16,916
30 Day Avg. Volume25,521
Financial Highlights & Ratios
PEG Ratio0.90
Price to Book (P/B)1.20
Price to Sales (P/S)0.00
P/FCF Ratio14.40
Enterprise Value/Market Cap0.89
Enterprise Value/Revenue0.51
Enterprise Value/Gross Profit2.90
Enterprise Value/Ebitda2.87
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. operates as the financial holding company for Landmark National Bank that provides various financial and banking services to its local communities. It offers non-interest bearing demand, money market, checking, and savings accounts, as well as certificates of deposit. The company also one-to-four family residential real estate, construction and land, commercial real estate, commercial, paycheck protection program, municipal, and agriculture loans; and consumer and other loans, including automobile, boat, and home improvement and home equity loans, as well as insurance, and mobile and online banking services. In addition, the company invests in certain investment and mortgage-related securities. It has 30 branch offices in 24 communities across the state of Kansas. The company was founded in 1885 and is headquartered in Manhattan, Kansas.
How the Company Makes MoneyLandmark Bancorp generates revenue primarily through its banking operations. The key revenue streams include interest income from loans and investments, which constitutes the majority of its earnings. The company also earns through non-interest income sources such as service charges on deposit accounts, fees from trust and wealth management services, and income from mortgage banking activities. Additionally, Landmark Bancorp benefits from strategic partnerships and local community engagements that help in expanding its customer base and increasing its market presence.
Landmark Bancorp Financial Statement Overview
Summary
Landmark Bancorp is financially healthy, with solid profitability and a strong balance sheet. However, there are areas for improvement in cash flow stability and revenue growth. The company maintains a solid foundation for future growth in the resilient banking industry.Income Statement
Landmark Bancorp shows solid profitability with a consistent net profit margin, maintaining a steady growth trajectory. However, revenue growth has been modest, and the EBIT margin indicates room for operational efficiency improvements.75
Positive
Balance Sheet
The company's balance sheet is strong, with a low debt-to-equity ratio and increasing stockholders' equity, suggesting financial stability. The equity ratio is robust, indicating a well-capitalized company with a high degree of financial security.80
Positive
Cash Flow
Cash flow metrics demonstrate variability, with operating cash flow and free cash flow showing inconsistencies, but overall positive free cash flow to net income ratio. The company should focus on stabilizing cash flow generation to strengthen its financial position.65
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 58.17M | 56.17M | 52.58M | 60.58M | 63.84M | Gross Profit |
| 58.17M | 56.17M | 52.58M | 60.58M | 63.84M | EBIT |
| 24.60M | 14.19M | 15.66M | 22.82M | 24.28M | EBITDA |
| 0.00 | 0.00 | 13.89M | 25.42M | 26.87M | Net Income Common Stockholders |
| 13.00M | 12.24M | 9.88M | 18.01M | 19.49M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 20.27M | 27.10M | 521.55M | 577.31M | 382.09M | Total Assets |
| 1.57B | 1.56B | 1.50B | 1.33B | 1.19B | Total Debt |
| 21.65M | 99.03M | 68.25M | 29.05M | 28.02M | Net Debt |
| 1.38M | 67.01M | 36.01M | -167.54M | -56.80M | Total Liabilities |
| 1.44B | 1.43B | 1.39B | 1.19B | 1.06B | Stockholders Equity |
| 136.22M | 126.91M | 111.43M | 135.64M | 126.67M |
| Cash Flow | Free Cash Flow | |||
| 11.92M | 11.61M | 23.90M | 29.84M | 14.46M | Operating Cash Flow |
| 14.24M | 12.60M | 24.78M | 31.16M | 14.81M | Investing Cash Flow |
| -18.11M | -50.61M | -197.16M | -56.45M | -104.55M | Financing Cash Flow |
| -2.96M | 41.95M | 6.32M | 129.69M | 160.86M |
Landmark Bancorp Technical Analysis
Positive
29.29
Price Trends
27.82
Positive
25.81
Positive
22.96
Positive
Market Momentum
0.44
Positive
54.18
Neutral
67.80
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 29.29 is above the 20-day moving average (MA) of 29.08, above the 50-day MA of 27.82, and above the 200-day MA of 22.96, indicating a bullish trend. The MACD of 0.44 indicates Positive momentum. The RSI at 54.18 is Neutral, neither overbought nor oversold. The STOCH value of 67.80 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 | $168.91M | 11.33 | 11.08% | 2.77% | 15.90% | 27.67% | |
68 Neutral | $150.43M | 9.37 | 9.64% | 3.72% | 12.41% | 34.20% | |
67 Neutral | $155.22M | 13.73 | 6.52% | 5.41% | 8.65% | 15.26% | |
66 Neutral | $172.49M | 14.83 | 8.16% | 3.31% | 18.74% | ― | |
64 Neutral | $165.30M | 14.76 | 5.63% | ― | 4.11% | -23.57% | |
64 Neutral | $12.64B | 9.78 | 7.67% | 17015.08% | 12.23% | -6.02% | |
59 Neutral | $183.63M | 9.43 | 11.31% | 2.24% | 6.80% | 161.37% |
* Financial Sector Average
Performance Comparison
LARK
Landmark Bancorp
29.23
11.30
63.02%
ATLO
Ames National
17.41
-1.97
-10.17%
FSFG
First Savings Financial Group
26.54
10.34
63.83%
MRBK
Meridian Bank
13.33
3.72
38.71%
FRAF
Franklin Financial Services
38.55
13.17
51.89%
BVFL
BV Financial, Inc.
15.65
4.57
41.25%
Landmark Bancorp Earnings Call Summary
Earnings Call Date:Apr 30, 2025
(Q1-2025)
| % Change Since: 4.57%|
Next Earnings Date:Jul 29, 2025
Earnings Call Sentiment Positive
The earnings call for Q1 2025 highlighted strong financial performance, including significant growth in net income and loans, improved net interest margins, and disciplined expense management. However, challenges were noted with a decline in noninterest income and a rise in past due loans. Overall, the positive aspects of growth and financial stability outweigh the noted challenges.Q1-2025 Updates
Positive Updates
Strong Growth in Net Income
Net income for the first quarter of 2025 was $4.7 million, a significant increase from $2.8 million in the same period last year, and a notable increase from $3.3 million in the prior quarter.
Increase in Diluted Earnings Per Share
Diluted earnings per share increased by 69% over the same quarter last year, totaling $0.81.
Robust Loan Growth
Total gross loans increased by $22.6 million or 8.7% on an annualized basis, with total loan balances nearing $1.1 billion.
Improved Net Interest Margin
Net interest margin increased 25 basis points to 3.6% compared to the previous quarter.
Strong Capital and Liquidity Measures
Capital and liquidity measures remain strong, with a stable deposit portfolio that is mostly FDIC insured.
Consistent Dividend Payment
A cash dividend of $0.21 per share was declared, marking the 95th consecutive quarterly cash dividend since 2001.
Decreased Noninterest Expense
Noninterest expense decreased by $1.1 million compared to the prior quarter, attributed to branch closures and cost savings.
Negative Updates
Decrease in Noninterest Income
Noninterest income declined by $13,000 compared to the prior quarter and $42,000 compared to the first quarter of 2024.
Increase in Past Due Loans
Past due loans between 30 and 89 days increased by $3.8 million, totaling $10 million or 0.93% of gross loans, largely due to SBA guaranteed commercial loans.
Decline in Interest Income from Investment Securities
Interest income on investment securities decreased slightly due to a decline in average investment securities balances.
Company Guidance
During the Landmark Bancorp Q1 2025 Earnings Call, the company reported strong financial performance with net income increasing to $4.7 million, a significant rise from $2.8 million in the same quarter of the previous year. Diluted earnings per share saw a 69% increase, reaching $0.81. The return on average assets was 1.21%, while the return on average equity stood at 13.71%. The company also reported an efficiency ratio of 64.1%. Gross loans increased by $22.6 million, or 8.7% on an annualized basis, bringing total loan balances to nearly $1.1 billion. Deposits grew by $7.1 million, and net interest income rose by 5.8%, contributing to an increased net interest margin of 3.6%. The allowance for credit losses remained robust at $12.8 million, representing 1.19% of gross loans. Landmark's capital and liquidity measures were described as strong, with a leverage ratio of 9.2% and a total risk-based capital ratio of 13.6%. The Board of Directors declared a cash dividend of $0.21 per share, marking the 95th consecutive quarterly dividend.Landmark Bancorp Corporate Events
Financial Disclosures
Landmark Bancorp to Announce Q1 2025 Earnings
Neutral
Apr 24, 2025
On April 24, 2025, Landmark Bancorp, Inc. announced its plans to release its first quarter 2025 earnings on April 30, 2025, after market close. The company has scheduled a conference call for May 1, 2025, to discuss the results, indicating its commitment to transparency and engagement with investors.
Spark’s Take on LARK Stock
According to Spark, TipRanks’ AI Analyst, LARK is a Outperform.
Landmark Bancorp displays strong financial health with robust income growth and a solid balance sheet, contributing to a high score. Technical indicators show bullish trends, despite the potential for a short-term pullback. Valuation metrics suggest the stock is attractively priced. Positive sentiment from the earnings call supports a favorable outlook, although some challenges in quarterly performance were noted.
To see Spark’s full report on LARK stock, click here.
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.