Quarterly ResultApr 29, 2026, 05:00 PM
LARK Q1 EPS $0.83, +6.7%; Net Earnings $5.1M; Dividend $0.21
AI Summary
Landmark Bancorp, Inc. (LARK) reported diluted EPS of $0.83 for Q1 2026, a 6.7% increase year-over-year, with net earnings reaching $5.1 million. The company also declared a quarterly cash dividend of $0.21 per share. Performance highlights include an improved return on average assets of 1.29% and a net interest margin of 4.24%, driven by higher asset yields and lower funding costs. CEO Abby Wendel noted a strong start to 2026 with record total revenue and disciplined execution.
Key Highlights
- Diluted EPS grew 6.7% YoY to $0.83 in Q1 2026.
- Net earnings increased to $5.1 million in Q1 2026 from $4.7 million YoY.
- Declared a quarterly cash dividend of $0.21 per share.
- Return on average assets improved to 1.29% in Q1 2026.
- Net interest income expanded 14.5% YoY to $15.0 million.
- Net interest margin improved 48 basis points YoY to 4.24%.
- Total deposit costs decreased 21 basis points YoY to 1.38%.
- Tangible common equity to assets increased to 8.11% as of March 31, 2026.