NASDAQ : LARK
Landmark Bancorp, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 32.07 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 195.85M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 69.81M | 69.22M | 61.40M | 51.75M | 33.47M | 33.61M |
| Interest Income on Investments | 12.37M | 11.79M | 12.50M | 12.93M | 9.75M | 6.21M |
| Total Interest Income | 82.19M | 81.02M | 73.90M | 64.68M | 43.23M | 39.83M |
| Interest Paid on Deposits | 18.39M | 20.93M | 22.31M | 15.25M | 2.78M | 1.02M |
| Interest Paid on Borrowings | 3.27M | 4.40M | 5.87M | 6.14M | 1.57M | 483.00K |
| Total Interest Expense | 21.65M | 25.33M | 28.18M | 21.39M | 4.35M | 1.51M |
| Net Interest Income | 60.53M | 55.69M | 45.72M | 43.29M | 38.88M | 38.32M |
| Gain (Loss) on Sale of Investments | -101.00K | -103.00K | -1.03M | -1.25M | -1.10M | 1.14M |
| Other Non-Interest Income | 11.76M | 11.88M | 13.39M | 12.21M | 11.36M | 10.64M |
| Total Non-Interest Income | 15.36M | 14.95M | 14.74M | 13.23M | 13.70M | 22.26M |
| Revenues Before Loan Losses | 75.89M | 70.64M | 60.47M | 56.52M | 52.58M | 60.58M |
| Provision for Loan Losses | 1.77M | 2.35M | 2.30M | 349.00K | 500.00K | |
| Revenue | 74.12M | 68.29M | 58.17M | 56.17M | 52.58M | 60.08M |
| Salaries and Employee Benefits | 26.16M | 25.15M | 22.58M | 22.33M | 20.11M | 19.83M |
| Occupancy Expenses | 5.33M | 5.15M | 5.66M | 5.57M | 5.12M | 4.48M |
| Amortization of Goodwill & Intangibles | 903.00K | 948.00K | 1.16M | 1.84M | 1.45M | 1.60M |
| Selling, General & Administrative | 6.36M | 5.36M | 5.32M | 4.74M | 3.77M | 4.17M |
| Other Non-Interest Expense | 9.26M | 8.27M | 8.24M | 7.50M | 7.43M | 7.17M |
| Total Non-Interest Expense | 48.37M | 45.23M | 44.08M | 41.98M | 37.87M | 37.26M |
| EBT Excluding Unusual Items | 25.75M | 23.05M | 14.09M | 14.19M | 14.71M | 22.82M |
| Pretax Income | 25.75M | 23.05M | 14.09M | 14.19M | 11.31M | 22.82M |
| Income Tax Expense | 5.08M | 4.28M | 1.09M | 1.95M | 1.43M | 4.81M |
| Net Income | 20.67M | 18.77M | 13.00M | 12.24M | 9.88M | 18.01M |
| Net Income to Common | 20.67M | 18.77M | 13.00M | 12.24M | 9.88M | 18.01M |
| Basic Shares Outstanding | 6.09M | 6.07M | 6.05M | 6.04M | 6.06M | 6.07M |
| Diluted Shares Outstanding | 6.15M | 6.12M | 6.05M | 6.04M | 6.07M | 6.09M |
| EPS (Basic) | 3.39 | 3.09 | 2.15 | 2.03 | 1.63 | 2.97 |
| EPS (Diluted) | 3.37 | 3.07 | 2.15 | 2.03 | 1.63 | 2.96 |
| Dividend Per Share | 0.83 | 0.80 | 0.76 | 0.73 | 0.70 | 0.63 |
| Effective Tax Rate | 19.71% | 18.56% | 7.71% | 13.77% | 12.66% | 21.09% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 31.65M | 20.98M | 20.27M | 27.10M | 23.16M | 189.21M |
| Investment Securities | 219.79M | 238.60M | 251.08M | 303.86M | 337.68M | 245.31M |
| Trading Asset Securities | 239.00K | 200.00K | 114.00K | 126.00K | 494.00K | |
| Mortgage-Backed Securities | 141.36M | 116.56M | 129.21M | 157.40M | 169.70M | 142.82M |
| Total Investments | 361.14M | 355.40M | 380.49M | 461.37M | 507.51M | 388.63M |
| Gross Loans | 1.08B | 1.11B | 1.05B | 948.66M | 850.19M | 662.39M |
| Allowance for Loan Losses | -12.89M | -12.46M | -12.82M | -10.61M | -8.79M | -8.78M |
| Other Adjustments to Gross Loans | -449.00K | -872.00K | -307.00K | -429.00K | -250.00K | -380.00K |
| Net Loans | 1.07B | 1.10B | 1.04B | 937.62M | 841.15M | 653.23M |
| Property, Plant & Equipment | 18.77M | 19.32M | 20.22M | 19.71M | 24.33M | 20.80M |
| Goodwill | 32.38M | 32.38M | 32.38M | 32.38M | 32.20M | 17.53M |
| Other Intangible Assets | 1.59M | 1.99M | 2.58M | 3.24M | 4.01M | 84.00K |
| Loans Held for Sale | 2.58M | 5.14M | 3.42M | 853.00K | 2.49M | 4.79M |
| Accrued Interest Receivable | 7.08M | 7.13M | 7.34M | 5.88M | 4.41M | |
| Other Real Estate Owned & Foreclosed | 441.00K | 167.00K | 928.00K | 934.00K | 2.55M | |
| Other Long-Term Assets | 80.74M | 63.26M | 64.76M | 66.14M | 61.22M | 46.87M |
| Total Assets | 1.60B | 1.61B | 1.57B | 1.56B | 1.50B | 1.33B |
| Interest Bearing Deposits | 881.23M | 962.36M | 924.95M | 898.92M | 864.95M | 775.10M |
| Institutional Deposits | 61.80M | 52.23M | 50.23M | 25.56M | 23.38M | |
| Non-Interest Bearing Deposits | 364.73M | 364.69M | 351.60M | 367.10M | 410.14M | 350.00M |
| Total Deposits | 1.25B | 1.39B | 1.33B | 1.32B | 1.30B | 1.15B |
| Short-Term Borrowings | 134.49M | 10.39M | 62.65M | 70.89M | 37.60M | 7.40M |
| Accrued Interest Payable | 32.91M | 1.87M | 1.83M | 1.98M | 439.00K | 125.00K |
| Long-Term Debt | 1.70M | 4.20M | 6.60M | 9.00M | ||
| Trust Preferred Securities | 21.65M | 21.65M | 21.65M | 21.65M | 21.65M | 21.65M |
| Other Long-Term Liabilities | 21.55M | 18.82M | 17.39M | 22.09M | 15.66M | |
| Total Liabilities | 1.44B | 1.45B | 1.44B | 1.43B | 1.39B | 1.19B |
| Common Stock | 61.00K | 61.00K | 58.00K | 55.00K | 52.00K | 50.00K |
| Additional Paid-In Capital | 102.91M | 102.60M | 95.05M | 89.21M | 84.27M | 79.12M |
| Retained Earnings | 75.75M | 63.66M | 56.93M | 54.28M | 52.17M | 52.59M |
| Treasury Stock | -75.00K | |||||
| Comprehensive Income & Other | -18.47M | -5.68M | -15.83M | -16.56M | -25.07M | 3.88M |
| Shareholders' Equity | 160.25M | 160.63M | 136.22M | 126.91M | 111.43M | 135.64M |
| Total Liabilities & Equity | 1.60B | 1.61B | 1.57B | 1.56B | 1.50B | 1.33B |
| Total Debt | 156.14M | 33.74M | 88.50M | 99.14M | 68.25M | 29.05M |
| Net Cash (Debt) | -120.86M | -9.30M | -63.92M | -67.01M | -35.89M | 168.03M |
| Net Cash Per Share | -19.65 | -1.52 | -10.56 | -11.09 | -5.91 | 27.61 |
| Filing Date Shares Outstanding | 6.11M | 6.10M | 6.07M | 6.03M | 6.04M | 6.07M |
| Total Common Shares Outstanding | 6.11M | 6.07M | 6.06M | 6.04M | 6.03M | 6.07M |
| Book Value Per Share | 26.24 | 26.44 | 22.46 | 21.02 | 18.46 | 22.33 |
| Tangible Book Value | 126.28M | 126.26M | 101.26M | 91.30M | 75.23M | 118.03M |
| Tangible Book Value Per Share | 20.68 | 20.79 | 16.70 | 15.12 | 12.47 | 19.43 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 18.77M | 13.00M | 12.24M | 9.88M | 18.01M | |
| Depreciation & Amortization | 2.23M | 2.50M | 3.11M | 2.58M | 2.60M | |
| Gain (Loss) on Sale of Assets | -81.00K | -326.00K | -1.00K | -114.00K | 5.00K | |
| Gain (Loss) on Sale of Investments | -92.00K | 920.00K | 1.49M | 2.58M | 940.00K | |
| Total Asset Writedown | 356.00K | 1.11M | 6.00K | 354.00K | 48.00K | |
| Provision for Credit Losses | 2.35M | 2.30M | 349.00K | 500.00K | ||
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 966.00K | -585.00K | 3.48M | 4.93M | 19.28M | |
| Accrued Interest Receivable | -785.00K | -1.12M | -1.28M | 5.15M | 611.00K | |
| Other Operating Activities | -1.25M | -1.94M | -509.00K | -1.97M | 122.00K | |
| Operating Cash Flow | 21.63M | 14.24M | 12.60M | 24.78M | 31.16M | |
| Capital Expenditures | -605.00K | -2.32M | -995.00K | -876.00K | -1.32M | |
| Sale of Property, Plant and Equipment | 406.00K | 4.70M | 7.00K | 1.38M | 601.00K | |
| Cash Acquisitions | -572.00K | |||||
| Investment in Securities | 38.72M | 81.19M | 50.49M | -121.59M | -99.14M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -61.84M | -103.08M | -97.36M | -73.57M | 47.84M | |
| Other Investing Activities | 1.96M | 1.41M | -2.75M | -1.93M | -4.43M | |
| Investing Cash Flow | -21.37M | -18.11M | -50.61M | -197.16M | -56.45M | |
| Short-Term Debt Issued | 839.82M | 779.82M | 727.63M | 327.36M | 1.03M | |
| Long-Term Debt Issued | 360.00K | 10.06M | ||||
| Total Debt Issued | 839.82M | 780.18M | 727.63M | 337.43M | 1.03M | |
| Short-Term Debt Repaid | -892.08M | -787.89M | -694.50M | -326.36M | ||
| Long-Term Debt Repaid | -2.53M | -2.81M | -2.35M | -1.06M | ||
| Total Debt Repaid | -894.61M | -790.70M | -696.86M | -327.42M | ||
| Net Debt Issued (Repaid) | -54.79M | -10.52M | 30.77M | 10.00M | 1.03M | |
| Issuance of Common Stock | 52.00K | 22.00K | ||||
| Repurchase of Common Stock | -338.00K | -75.00K | -1.24M | |||
| Common Dividends Paid | -4.86M | -4.61M | -4.39M | -4.20M | -3.82M | |
| Net Increase (Decrease) in Deposit Accounts | 60.09M | 12.52M | 15.59M | 1.76M | 132.45M | |
| Financing Cash Flow | 441.00K | -2.96M | 41.95M | 6.32M | 129.69M | |
| Net Cash Flow | 707.00K | -6.83M | 3.94M | -166.06M | 104.39M | |
| Free Cash Flow | 21.03M | 11.92M | 11.61M | 23.90M | 29.84M | |
| Free Cash Flow Margin | 30.80% | 20.48% | 20.67% | 45.46% | 49.66% | |
| Free Cash Flow Per Share | 3.44 | 1.97 | 1.92 | 3.94 | 4.90 | |
| Cash Interest Paid | 25.29M | 28.32M | 19.85M | 4.03M | 1.55M | |
| Cash Income Tax Paid | 3.42M | 834.00K | 55.00K | 1.10M | 4.46M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 195.85M | 159.08M | 138.69M | 108.51M | 118.02M | 143.38M |
| Last Close Price | 32.07 | 25.62 | 21.68 | 16.34 | 17.07 | 19.94 |
| PE Ratio | 9.52 | 8.47 | 10.67 | 8.87 | 11.95 | 7.96 |
| PS Ratio | 2.64 | 2.33 | 2.38 | 1.93 | 2.25 | 2.39 |
| PB Ratio | 1.22 | 0.99 | 1.02 | 0.85 | 1.06 | 1.06 |
| P/FCF Ratio | 8.63 | 7.57 | 11.64 | 9.35 | 4.94 | 4.81 |
| P/OCF Ratio | 8.37 | 7.35 | 9.74 | 8.61 | 4.76 | 4.60 |
| Debt / Equity Ratio | 0.97 | 0.21 | 0.65 | 0.78 | 0.61 | 0.21 |
| Debt / FCF Ratio | 1.60 | 7.43 | 8.54 | 2.85 | 0.97 | |
| Net Debt / Equity Ratio | 0.75 | 0.06 | 0.47 | 0.53 | 0.32 | -1.24 |
| Net Debt / FCF Ratio | 0.44 | 5.36 | 5.77 | 1.50 | -5.63 | |
| Return on Equity (ROE) | 13.08% | 12.65% | 9.88% | 10.27% | 8.00% | 13.73% |
| Return on Assets (ROA) | 1.29% | 1.18% | 0.83% | 0.80% | 0.70% | 1.43% |
| Earnings Yield | 10.51% | 11.80% | 9.38% | 11.28% | 8.37% | 12.56% |
| FCF Yield | 11.59% | 13.22% | 8.59% | 10.70% | 20.25% | 20.81% |
| Dividend Yield | 2.62% | 3.06% | 3.32% | 4.06% | 3.55% | 2.65% |
| Payout Ratio | 24.92% | 25.89% | 35.47% | 35.88% | 42.50% | 21.20% |
| Buyback Yield / Dilution | -0.70% | -1.10% | -0.16% | 0.50% | 0.21% | -0.29% |
| Total Shareholder Return | 1.92% | 1.96% | 3.16% | 4.56% | 3.77% | 2.36% |