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)

Market Cap

$157.18M

Dividend Yield3.09%

Average Volume (3M)35.28K

Price to Earnings (P/E)10.5

Beta (1Y)0.27

Revenue Growth15.79%

EPS Growth27.67%

CountryUS

Employees283

SectorFinancial

Sector Strength82

IndustryBanks - Regional

Share Statistics

EPS (TTM)0.81

Shares Outstanding5,778,610

10 Day Avg. Volume75,049

30 Day Avg. Volume35,279

Financial Highlights & Ratios

PEG Ratio0.67

Price to Book (P/B)1.02

Price to Sales (P/S)0.00

P/FCF Ratio7.91

Enterprise Value/Market Cap1.25

Enterprise Value/Revenue0.56

Enterprise Value/Gross Profit3.23

Enterprise Value/Ebitda2.88

Forecast

1Y Price Target

$28.00

Price Target Upside2.04% Upside

Rating ConsensusModerate Buy

Number of Analyst Covering1

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

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

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

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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	90.11M	88.64M	77.91M	56.93M	62.09M	66.61M
Gross Profit	60.80M	58.17M	56.17M	52.58M	60.58M	60.54M
EBITDA	18.84M	16.59M	17.30M	13.89M	25.42M	26.87M
Net Income	14.93M	13.00M	12.24M	9.88M	18.01M	19.49M
Balance Sheet
Total Assets	1.58B	1.57B	1.56B	1.50B	1.33B	1.19B
Cash, Cash Equivalents and Short-Term Investments	54.67M	59.65M	484.79M	521.55M	577.31M	382.09M
Total Debt	76.67M	88.50M	99.03M	68.25M	36.46M	28.02M
Total Liabilities	1.44B	1.44B	1.43B	1.39B	1.19B	1.06B
Stockholders Equity	142.65M	136.22M	126.91M	111.43M	135.64M	126.67M
Cash Flow
Free Cash Flow	18.39M	11.92M	11.61M	23.90M	29.84M	14.45M
Operating Cash Flow	19.40M	14.24M	12.60M	24.78M	31.16M	14.81M
Investing Cash Flow	-15.86M	-18.11M	-50.61M	-197.16M	-56.45M	-104.55M
Financing Cash Flow	1.87M	-2.96M	41.95M	6.32M	129.69M	160.86M

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
LARK	77 Outperform	$157.18M	10.54	11.08%	3.09%	15.79%	27.67%
BVFL	73 Outperform	$167.83M	14.99	5.63%	―	4.10%	-23.42%
FRAF	71 Outperform	$164.60M	14.15	8.16%	3.58%	18.74%	-16.38%
MRBK	70 Outperform	$159.12M	9.91	9.64%	3.55%	12.41%	34.20%
Sector *	70 Neutral	€14.88B	11.69	14.88%	5.95%	7.26%	0.13%
ATLO	68 Neutral	$163.87M	14.49	6.52%	4.35%	8.65%	14.91%
FSFG	65 Neutral	$178.65M	9.18	11.31%	2.48%	6.76%	161.37%

* Financial Sector Average

Performance Comparison

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