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Landmark Bancorp
(NASDAQ:LARK)
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Rating:75Outperform
Price Target:
$36.00
▲(14.14% Upside)
Action:Reiterated
Date:07/30/26
Overall score reflects solid financial performance (strong margins and cash generation) as the primary driver, supported by a positive price trend (above major moving averages) and reasonable valuation (low P/E with a moderate yield). The latest earnings call adds cautious optimism but is tempered by rising nonperforming loans, a funding mix shift, and one-time fraud-related costs.
Positive Factors
Cash Generation Quality
Free cash flow tracking net income closely indicates high earnings quality and predictable internal funding. Reliable cash generation supports the recurring dividend, funds targeted loan growth, and reduces reliance on external capital, strengthening financial flexibility over the coming months.
Negative Factors
Asset Quality Deterioration
A rise in nonaccruals concentrated in a few borrowers increases credit risk and could require higher provisions or charge-offs if resolution is protracted. For a community bank this can quickly pressure earnings, reduce capital build, and constrain cautious growth plans over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation Quality
Free cash flow tracking net income closely indicates high earnings quality and predictable internal funding. Reliable cash generation supports the recurring dividend, funds targeted loan growth, and reduces reliance on external capital, strengthening financial flexibility over the coming months.
Read all positive factors
Landmark Bancorp (LARK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$191.10M
Dividend Yield2.62%
Average Volume (3M)8.14K
Price to Earnings (P/E)9.4
Beta (1Y)0.34
Revenue Growth3.43%
EPS Growth22.98%
CountryUS
Employees283
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.35
Shares Outstanding6,097,552
10 Day Avg. Volume8,849
30 Day Avg. Volume8,137
Financial Highlights & Ratios
PEG Ratio0.23
Price to Book (P/B)0.99
Price to Sales (P/S)1.66
P/FCF Ratio7.56
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$33.50Price Target Upside6.21% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)3.41
Revenue Forecast (FY)N/A
Landmark Bancorp Business Overview & Revenue Model
Company Description
Landmark Bancorp, Inc. serves as the parent entity for Landmark National Bank, delivering a comprehensive array of financial and banking services to the communities it operates within. The institution provides various deposit accounts, such as che...
How the Company Makes Money
Landmark Bancorp primarily makes money through its banking subsidiary by generating net interest income and noninterest income. (1) Net interest income: The bank earns interest and fees on loans and other interest-earning assets (such as certain s...
Landmark Bancorp Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Positive
The call presented a majority of positive operating and financial developments: record revenue, higher EPS, YoY margin improvement, core deposit growth, targeted loan growth, strengthened capital and continued dividend discipline. The main negatives are a modest rise in nonperforming loans driven by two specific relationships, a small increase in net charge-offs, a sequential decline in total deposits driven by intentional reduction of brokered CDs (offset by core deposit growth), one-time professional and fraud-related costs, and minor sequential margin pressure. Management characterized the outlook as cautiously optimistic and emphasized disciplined, relationship-based growth and investments in talent.Positive Updates
Record Revenue and Improved Profitability
Second quarter revenue reached a record $19.2 million; net income was $5.4 million (up from $5.1M in Q1); diluted earnings per share rose to $0.88. Return on average assets improved to 1.35% and return on average equity increased to 13.23%.
Negative Updates
Increase in Nonperforming Loans / Nonaccruals
Nonperforming loans rose $2.7 million during the quarter to $13.1 million, representing 1.18% of gross loans (up from 0.94% at March 31). The increase was largely driven by two borrower relationships (one agricultural, one commercial) that migrated to nonaccrual status.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Revenue and Improved Profitability
Second quarter revenue reached a record $19.2 million; net income was $5.4 million (up from $5.1M in Q1); diluted earnings per share rose to $0.88. Return on average assets improved to 1.35% and return on average equity increased to 13.23%.
Read all positive updates
Company Guidance
Management was "cautiously optimistic" on second‑half 2026 growth while prioritizing disciplined balance‑sheet and funding actions: they expect to build on Q2 loan gains (gross loans ~$1.1B, +$4.4M Q/Q; avg loans -$3.2M Q/Q) while managing credit (nonperforming loans $13.1M, 1.18% of gross loans; 30–89 day delinquencies $6.3M, 0.57%; annualized net charge‑offs ~0.17%; allowance $12.7M, 1.15%; $500k provision). They indicated NIM can be maintained near the low‑4% area (Q2 tax‑equivalent NIM 4.22%, -2 bps Q/Q, +39 bps Y/Y) aided by investment yields (investment yield 3.66%, investment income $3.1M), loan portfolio yield (~6.31%) and reinvestment opportunities (avg duration 4.2 years; 12‑month cash flow $78.6M at <3% roll‑off). Funding and liquidity will lean away from brokered CDs (total deposits $1.3B, -$17.7M Q/Q; brokered CDs down ~$28.8M) toward FHLB/borrowings (total borrowings +$15.7M) while growing core deposits (+$11.0M; core annualized linked growth 3.4%; noninterest‑bearing deposits 29.2% of total; deposit cost 1.3%; avg rate on interest‑bearing deposits 1.82%). Management also emphasized capital and shareholder continuity (tangible book $21.76/sh, linked quarter annualized growth 16.8%; tangible common equity/assets 8.44%; book value $27.35/sh; equity $166.9M) and continued the $0.21 quarterly dividend (100th consecutive).Landmark Bancorp Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
73
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 78.79M | 95.97M | 88.64M | 77.91M | 56.93M | 62.09M |
| Gross Profit | 53.16M | 68.29M | 58.17M | 56.17M | 52.58M | 60.08M |
| EBITDA | 13.10M | 25.28M | 16.59M | 17.30M | 13.89M | 25.42M |
| Net Income | 20.13M | 18.77M | 13.00M | 12.24M | 9.88M | 18.01M |
Balance Sheet | ||||||
| Total Assets | 1.61B | 1.61B | 1.57B | 1.56B | 1.50B | 1.33B |
| Cash, Cash Equivalents and Short-Term Investments | 367.08M | 369.14M | 59.65M | 484.79M | 521.55M | 577.31M |
| Total Debt | 106.67M | 33.72M | 88.50M | 99.03M | 68.25M | 36.46M |
| Total Liabilities | 1.44B | 1.45B | 1.44B | 1.43B | 1.39B | 1.19B |
| Stockholders Equity | 166.86M | 160.63M | 136.22M | 126.91M | 111.43M | 135.64M |
Cash Flow | ||||||
| Free Cash Flow | 19.80M | 21.03M | 11.92M | 11.61M | 23.90M | 29.84M |
| Operating Cash Flow | 20.00M | 21.63M | 14.24M | 12.60M | 24.78M | 31.16M |
| Investing Cash Flow | 33.36M | -21.37M | -18.11M | -50.61M | -197.16M | -56.45M |
| Financing Cash Flow | -46.54M | 441.00K | -2.96M | 41.95M | 6.32M | 129.69M |
Landmark Bancorp Technical Analysis
Positive
31.54
Price Trends
30.07
Positive
28.13
Positive
27.22
Positive
Market Momentum
0.44
Positive
54.05
Neutral
51.10
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 31.54 is above the 20-day moving average (MA) of 31.03, above the 50-day MA of 30.07, and above the 200-day MA of 27.22, indicating a bullish trend. The MACD of 0.44 indicates Positive momentum. The RSI at 54.05 is Neutral, neither overbought nor oversold. The STOCH value of 51.10 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 39 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $191.10M | 9.36 | 12.49% | 2.60% | 3.43% | 22.98% | |
69 Neutral | $164.13M | 11.36 | 8.00% | 1.71% | -6.41% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $231.52M | 12.18 | 7.72% | 1.05% | -0.38% | 4.70% | |
63 Neutral | $177.86M | 13.51 | 7.07% | ― | 3.34% | 48.38% | |
52 Neutral | $134.14M | -8.13 | -13.51% | ― | 2.17% | 98.76% |
* Financial Sector Average
LARK
Landmark Bancorp
31.23
8.43
36.97%
CFBK
CF Bankshares
35.60
12.37
53.22%
PNBK
Patriot National Bancorp
1.13
-0.70
-38.25%
MNSB
MainStreet Bancshares
23.48
4.19
21.71%
BVFL
BV Financial, Inc.
21.55
6.36
41.87%
Landmark Bancorp Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Landmark Bancorp Posts Strong Q2 Results, Raises Dividend
Positive
Jul 29, 2026
Landmark Bancorp, Inc., headquartered in Manhattan, Kansas, is a community-oriented banking institution offering commercial, commercial real estate, construction, land, agricultural and residential mortgage loans, alongside a broad suite of deposi...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Landmark Bancorp Shareholders Approve Stock Increase and Directors
Positive
May 21, 2026
Landmark Bancorp, Inc. held its Annual Meeting of Stockholders on May 20, 2026, in Manhattan, Kansas, with approximately 85.2% of its 6,098,324 eligible shares represented in person or by proxy. Stockholders elected Angela S. Hurt and David H. Sna...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Landmark Bancorp Releases Updated Investor Presentation Materials
Neutral
May 14, 2026
Landmark Bancorp, Inc. has furnished an updated investor presentation in connection with periodic meetings with investors, supplying select quarterly and year-end financial data. The materials are being provided under disclosure rules that classif...
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.