Landmark Bancorp Inc. (LARK)
NASDAQ:LARK
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Landmark Bancorp
(NASDAQ:LARK)
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Rating:75Outperform
Price Target:
$32.00
▲(20.85% Upside)
Action:ReiteratedDate:01/31/26
The score is driven primarily by improved recent fundamentals (higher earnings and strong cash conversion) despite rising leverage and historical volatility. Technicals are supportive with price above key moving averages and positive momentum indicators. Valuation adds a boost due to the low P/E and ~3% dividend yield, while the latest earnings call was broadly positive but included cost pressures and investment-portfolio unrealized losses.
Positive Factors
Revenue Growth
Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term financial stability.
Negative Factors
Flat Total Loans
Flat total loan growth may indicate challenges in expanding lending activities, potentially limiting future revenue opportunities.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term financial stability.
Read all positive factors
Landmark Bancorp (LARK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$162.30M
Dividend Yield3.01%
Average Volume (3M)8.14K
Price to Earnings (P/E)8.5
Beta (1Y)0.35
Revenue Growth12.31%
EPS Growth39.46%
CountryUS
Employees283
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.77
Shares Outstanding6,074,231
10 Day Avg. Volume8,849
30 Day Avg. Volume8,137
Financial Highlights & Ratios
PEG Ratio1.61
Price to Book (P/B)1.01
Price to Sales (P/S)1.56
P/FCF Ratio11.60
Enterprise Value/Market Cap1.08
Enterprise Value/Revenue1.87
Enterprise Value/Gross Profit2.72
Enterprise Value/Ebitda8.03
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Landmark Bancorp Business Overview & Revenue Model
Company Description
Landmark 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 a...
How the Company Makes Money
Landmark Bancorp generates revenue primarily through interest income from loans and mortgages, which constitutes a significant portion of its earnings. The company issues various types of loans, including commercial real estate loans, consumer loa...
Landmark Bancorp Earnings Call Summary
Earnings Call Date:Jan 28, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 05, 2026
Earnings Call Sentiment Positive
The call presented multiple strong financial accomplishments—double-digit revenue and loan growth, substantial EPS and tangible book value gains, improved NIM, deposit growth, better efficiency, and strengthened credit metrics—while acknowledging manageable headwinds including higher noninterest expenses, investment portfolio unrealized losses, minor quarter-over-quarter loan contraction, and the prior-quarter charge-offs tied to a single commercial credit. Overall the positives materially outweigh the negatives.Positive Updates
Strong Full-Year and Quarterly Earnings
FY2025 net income of $18.8M and diluted EPS of $3.07 (a 43% increase in EPS vs. 2024); Q4 2025 net income of $4.7M and diluted EPS of $0.77.
Negative Updates
Increase in Noninterest Expense
Noninterest expense rose $1.0M QoQ in Q4 to $12.3M, driven by $511k higher compensation and benefits (headcount and incentive pay), $173k higher professional fees, and a $356k impairment loss on repossessed assets.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Full-Year and Quarterly Earnings
FY2025 net income of $18.8M and diluted EPS of $3.07 (a 43% increase in EPS vs. 2024); Q4 2025 net income of $4.7M and diluted EPS of $0.77.
Read all positive updates
Company Guidance
The call offered directional guidance rather than explicit 2026 targets: management said it will “build on the foundation” set in 2025 by continuing to invest in associates and strategic initiatives, maintain pricing discipline and attractive deposit funding, capitalize on market growth opportunities, and preserve capital and credit quality. They announced a $0.21 per share cash dividend payable Feb. 26 (record Feb. 12), reiterated capital ratios are above well‑capitalized with tangible common equity to assets above 8%, and highlighted balance sheet capacity—$1.4B of deposits (up $63.4M in Q4), a 79.1% loan‑to‑deposit ratio, an investment portfolio duration of 4.0 years with $86.4M projected 12‑month cash flow and total borrowings down $79.8M. Management said it will continue to monitor credit metrics (allowance for credit losses $12.5M, 1.12% of loans; nonperforming loans just under $10M, 0.90% of loans; Q4 net charge‑offs $341k) and build on 2025 performance drivers—17% revenue growth, full‑year NIM 3.86% (Q4 tax‑equivalent 4.03%), cost of deposits ~1.50–1.56% and a 62.7% efficiency ratio—while stopping short of providing specific 2026 numeric guidance.Landmark Bancorp Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
67
Positive
Cash Flow
73
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 93.55M | 88.64M | 77.91M | 56.93M | 62.09M | 66.61M |
| Gross Profit | 64.37M | 58.17M | 56.17M | 52.58M | 60.08M | 60.54M |
| EBITDA | 21.79M | 16.59M | 17.30M | 13.89M | 25.42M | 26.87M |
| Net Income | 17.32M | 13.00M | 12.24M | 9.88M | 18.01M | 19.49M |
Balance Sheet | ||||||
| Total Assets | 1.62B | 1.57B | 1.56B | 1.50B | 1.33B | 1.19B |
| Cash, Cash Equivalents and Short-Term Investments | 59.74M | 59.65M | 484.79M | 521.55M | 577.31M | 382.09M |
| Total Debt | 113.55M | 88.50M | 99.03M | 68.25M | 36.46M | 28.02M |
| Total Liabilities | 1.46B | 1.44B | 1.43B | 1.39B | 1.19B | 1.06B |
| Stockholders Equity | 155.73M | 136.22M | 126.91M | 111.43M | 135.64M | 126.67M |
Cash Flow | ||||||
| Free Cash Flow | 17.57M | 11.92M | 11.61M | 23.90M | 29.84M | 14.45M |
| Operating Cash Flow | 17.68M | 14.24M | 12.60M | 24.78M | 31.16M | 14.81M |
| Investing Cash Flow | -50.45M | -18.11M | -50.61M | -197.16M | -56.45M | -104.55M |
| Financing Cash Flow | 35.51M | -2.96M | 41.95M | 6.32M | 129.69M | 160.86M |
Landmark Bancorp Technical Analysis
Positive
26.48
Price Trends
26.49
Positive
26.65
Positive
25.57
Positive
Market Momentum
-0.03
Negative
61.26
Neutral
96.52
Negative
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 26.48 is above the 20-day moving average (MA) of 24.99, below the 50-day MA of 26.49, and above the 200-day MA of 25.57, indicating a bullish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 61.26 is Neutral, neither overbought nor oversold. The STOCH value of 96.52 is Negative, 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $162.30M | 8.47 | 12.36% | 3.01% | 12.31% | 39.46% | |
71 Outperform | $175.01M | 11.33 | 5.32% | ― | 4.86% | -8.20% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | $171.19M | 9.98 | 7.26% | 1.90% | 1.92% | -174.59% | |
58 Neutral | $192.00M | 9.23 | 9.65% | 1.16% | 2.33% | 22.43% | |
52 Neutral | $155.72M | -15.62 | -15.10% | ― | -11.99% | 63.64% |
* Financial Sector Average
LARK
Landmark Bancorp
26.72
2.89
12.13%
CFBK
CF Bankshares
29.49
9.76
49.46%
PNBK
Patriot National Bancorp
1.33
-0.11
-7.64%
MNSB
MainStreet Bancshares
23.24
8.25
55.02%
BVFL
BV Financial, Inc.
20.00
6.10
43.88%
Landmark Bancorp Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Landmark Bancorp Posts Strong 2025 Results, Raises Dividend
Positive
Jan 28, 2026
On January 28, 2026, Landmark Bancorp reported that for the fourth quarter of 2025 it earned $4.7 million in net income, or $0.77 per diluted share, down slightly from the prior quarter but up from $0.54 a year earlier, with a 1.17% return on aver...
Financial Disclosures
Landmark Bancorp Sets Date for Q4 2025 Earnings Release
Neutral
Jan 15, 2026
On January 15, 2026, Landmark Bancorp, Inc. announced plans to release its fourth-quarter 2025 earnings after the market closes on January 28, 2026, and to host a conference call on January 29, 2026, at 10:00 a.m. Central Time to discuss the resul...
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.