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Landmark Bancorp Inc. (LARK)
NASDAQ:LARK
US Market

Landmark Bancorp (LARK) AI Stock Analysis

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Landmark Bancorp

(NASDAQ:LARK)

Rating:77Outperform
Price Target:
$31.00
▲(12.97%Upside)
Landmark Bancorp's overall score reflects its robust financial performance and positive earnings call sentiment. These strengths are slightly tempered by mixed technical indicators and valuation metrics. The company's strong profitability and operational efficiency, along with positive guidance from the earnings call, are the most significant factors influencing the score.

Landmark Bancorp (LARK) vs. SPDR S&P 500 ETF (SPY)

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 interest income, which it earns by providing loans and credit facilities to individuals and businesses while paying interest on deposits. The spread between the interest received from loans and the interest paid on deposits constitutes a significant portion of its income. Additionally, the company earns non-interest income from service charges, fees for various banking services, and wealth management advisory fees. Landmark Bancorp's earnings are further supported by its strategic focus on community banking, enabling it to maintain strong customer relationships and a stable deposit base. The company may also engage in securities investments and other financial activities to diversify its income streams.

Landmark Bancorp Earnings Call Summary

Earnings Call Date:Apr 30, 2025
(Q1-2025)
|
% Change Since: -2.03%|
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 Financial Statement Overview

Summary
Landmark Bancorp demonstrates solid financial health with a strong balance sheet, profitability metrics, and a robust equity ratio. However, challenges persist in cash flow stability and modest revenue growth, indicating areas for improvement.
Income Statement
75
Positive
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.
Balance Sheet
80
Positive
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.
Cash Flow
65
Positive
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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue90.11M88.64M77.91M56.93M62.09M66.61M
Gross Profit60.80M58.17M56.17M52.58M60.58M60.54M
EBITDA18.84M16.59M17.30M13.89M25.42M26.87M
Net Income14.93M13.00M12.24M9.88M18.01M19.49M
Balance Sheet
Total Assets1.58B1.57B1.56B1.50B1.33B1.19B
Cash, Cash Equivalents and Short-Term Investments54.67M59.65M484.79M521.55M577.31M382.09M
Total Debt76.67M88.50M99.03M68.25M36.46M28.02M
Total Liabilities1.44B1.44B1.43B1.39B1.19B1.06B
Stockholders Equity142.65M136.22M126.91M111.43M135.64M126.67M
Cash Flow
Free Cash Flow18.39M11.92M11.61M23.90M29.84M14.45M
Operating Cash Flow19.40M14.24M12.60M24.78M31.16M14.81M
Investing Cash Flow-15.86M-18.11M-50.61M-197.16M-56.45M-104.55M
Financing Cash Flow1.87M-2.96M41.95M6.32M129.69M160.86M

Landmark Bancorp Technical Analysis

Technical Analysis Sentiment
Positive
Last Price27.44
Price Trends
50DMA
28.08
Negative
100DMA
26.93
Positive
200DMA
24.27
Positive
Market Momentum
MACD
-0.28
Negative
RSI
52.72
Neutral
STOCH
78.63
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 27.44 is above the 20-day moving average (MA) of 26.62, below the 50-day MA of 28.08, and above the 200-day MA of 24.27, indicating a neutral trend. The MACD of -0.28 indicates Negative momentum. The RSI at 52.72 is Neutral, neither overbought nor oversold. The STOCH value of 78.63 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 (70)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
$157.18M10.5411.08%3.09%15.79%27.67%
73
Outperform
$167.83M14.995.63%4.10%-23.42%
71
Outperform
$164.60M14.158.16%3.58%18.74%-16.38%
70
Outperform
$159.12M9.919.64%3.55%12.41%34.20%
70
Neutral
€14.88B11.6914.88%5.95%7.26%0.13%
68
Neutral
$163.87M14.496.52%4.35%8.65%14.91%
65
Neutral
$178.65M9.1811.31%2.48%6.76%161.37%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
LARK
Landmark Bancorp
27.44
9.58
53.64%
ATLO
Ames National
18.40
-0.28
-1.50%
FSFG
First Savings Financial Group
26.29
8.48
47.61%
MRBK
Meridian Bank
14.05
3.59
34.32%
FRAF
Franklin Financial Services
37.51
11.04
41.71%
BVFL
BV Financial, Inc.
15.95
3.80
31.28%

Landmark Bancorp Corporate Events

Executive/Board ChangesShareholder Meetings
Landmark Bancorp Holds Annual Stockholders Meeting
Neutral
May 22, 2025

On May 21, 2025, Landmark Bancorp, Inc. held its Annual Meeting of Stockholders in Manhattan, Kansas, where 80.8% of the outstanding shares were represented. During the meeting, four Class III board members were elected, executive compensation was approved on a non-binding basis, and the frequency of future say-on-pay proposals was set to occur annually. Additionally, Crowe LLP was ratified as the company’s independent registered public accounting firm for 2025.

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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.Date of analysis: Jul 02, 2025