Landmark Bancorp, Inc. Reports Third Quarter 2026 Results
Landmark Bancorp reported Q3 2026 diluted EPS of $0.89, up from $0.81 a year ago, with net earnings of $5.5 million, a 1.5% increase over the prior quarter. Net interest margin expanded 13 basis points sequentially to 4.35% and 52 bps year-over-year, driving net interest income up 11.0% YoY to $15.6 million, while net charge-offs fell to just 0.01% of average loans. Balance sheet pressure points: deposits fell $59.0 million quarter-over-quarter (annualized -17.9%), largely from a $61.7 million decline in public fund balances, with borrowings up $49.5 million and the loan-to-deposit ratio rising to 85.6%. Book value per share declined to $26.24 on higher unrealized securities losses.
Key figures
- Eps
- 0.89
- Revenue
- $19.2 million
- Revenue Yoy
- 6.0%
- Roaa
- 1.36%
- Roae
- 13.06%
- Total deposits
- 1245958000
- Net earnings 9m
- 15932000
- Net earnings q3
- 5474000
- Efficiency ratio
- 63.0%
- Loans to deposits
- 85.6%
- Total gross loans
- 1079311000
- Acl to gross loans
- 1.19%
- Nim qoq change bps
- 13
- Nim yoy change bps
- 52
- Net earnings 9m yoy
- 13.5%
- Net earnings yoy q3
- 1.5%
- Net interest margin
- 4.35%
- Book value per share
- 26.24
- Non performing loans
- 12500000
- Net interest income q3
- 15642000
- Allowance for credit losses
- 12893000
- Net charge offs to avg loans
- 0.01%
- Tangible book value per share
- 20.68
AI analysis
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