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Landmark Bancorp Inc. (NASDAQ: LARK) is the bank holding company for Landmark National Bank, a community-oriented financial institution headquartered in Manhattan, Kansas. With a network of 29 locations across 23 cities in the state, Landmark National Bank is committed to providing quality financial and banking services. The bank's vision, 'everyone starts as a customer and leaves as a friend,' underscores its dedication to building lasting relationships with its clients.
Core Business and Services: Landmark National Bank specializes in attracting deposits from the general public, which it then utilizes to offer a diverse range of loan products. These include one-to-four-family residential real estate loans, construction and land loans, commercial real estate loans, commercial loans, agricultural loans, municipal loans, and consumer loans. The bank also invests in various investment and mortgage-related securities, using deposits and other borrowings as funding sources.
Geographical Reach: Landmark National Bank's primary deposit gathering and lending markets are geographically diverse, encompassing central, eastern, southeast, and southwest Kansas. This strategic distribution allows the bank to effectively serve a broad customer base.
Recent Achievements and Current Projects: Landmark Bancorp Inc. continues to grow its footprint and enhance its service offerings. Recent achievements include expanding its digital banking services to better meet the needs of tech-savvy customers and implementing community-focused financial literacy programs. The bank remains dedicated to understanding the unique needs of its clients, establishing priorities, and designing tailored financial solutions.
Financial Condition and Partnerships: As a publicly traded company on the NASDAQ Small-Cap System, Landmark Bancorp Inc. maintains transparency and robust financial health. The company prides itself on its strong financial foundation, which is bolstered by strategic partnerships and a commitment to sound banking practices.
Mission and Values: The foundation of Landmark National Bank is its total commitment to exceptional service. By focusing on building true relationships with its customers, the bank aims to stand the test of time, providing reliable and personalized banking solutions. Landmark National Bank is a Member FDIC and an Equal Housing Lender, ensuring trust and integrity in all its operations.
Landmark Bancorp, Inc. (Nasdaq: LARK) will release its first quarter 2023 earnings after market close on May 2, 2023. A conference call is scheduled for May 3, 2023, at 10:00 am (CT) for discussion of the results. Investors can join by dialing (833) 470-1428 using access code 507849, and it's recommended to call at least 5 minutes early. A replay of the earnings call will be available until June 2, 2023, by calling (866) 813-9403 with access code 453843. Landmark Bancorp, headquartered in Manhattan, Kansas, operates as a community banking organization with 31 locations across Kansas, focusing on quality financial services.
Landmark Bancorp, Inc. (LARK) reported Q4 2022 diluted EPS of $0.23, down from $0.48 in Q3 2022 and $0.60 in Q4 2021. Net earnings totaled $1.2 million, a decrease from $2.5 million in the prior quarter and $3.1 million year-over-year. Excluding acquisition costs of $3 million, adjusted net earnings would have been $3.5 million or $0.67 EPS. Total assets reached $1.5 billion, with gross loans at $850.2 million, reflecting an annualized increase of 11.6%. Notably, net interest income surged by 25.8%, while non-interest income fell by 38.8%. A dividend of $0.21 per share was declared, payable March 1, 2023.
Landmark Bancorp, Inc. (LARK) is set to release its fourth quarter 2022 earnings on January 31, 2023, after market close. A conference call is scheduled for February 1, 2023, at 10:00 am (CT) for discussion of the results. Investors can join the call by dialing (844) 200-6205 with access code 653744. A replay will be available until March 2, 2023. Landmark Bancorp, headquartered in Manhattan, Kansas, operates 31 locations across 24 communities in Kansas through its banking arm, Landmark National Bank. Further details can be found on their website.
Landmark Bancorp, Inc. (LARK) reported diluted earnings per share of $0.50 for Q3 2022, down from $0.61 in Q2 2022 and $0.90 in Q3 2021. Net earnings were $2.5 million, decreasing from $3.0 million last quarter and $4.5 million a year prior. Total gross loans increased by $41.4 million (24.5% annualized), driven by demand in real estate and commercial loans. Non-interest income fell by 35.4% to $3.5 million, largely due to reduced gains on residential mortgage sales. The company declared a $0.21 cash dividend per share.
Landmark Bancorp, Inc. (Nasdaq: LARK) will announce its third-quarter earnings on November 2, 2022, post-market close. The company will hold a conference call on November 3, 2022, at 10:00 AM CT to discuss the results. Investors can listen by calling (844) 200-6205, using access code 523774. A replay will be available until December 3, 2022. Landmark Bancorp, based in Manhattan, Kansas, operates 31 locations providing community banking services.
Landmark Bancorp, Inc. (Nasdaq: LARK) has successfully completed the acquisition of Freedom Bancshares, Inc., enhancing its financial portfolio with Freedom Bank's $117 million in loans and $150 million in deposits. The merger, effective October 1, 2022, increases Landmark's total assets to approximately $1.5 billion and total deposits to around $1.3 billion, expanding its presence to 31 branches across Kansas. Landmark aims to integrate Freedom Bank's operations, ensuring continuous customer support and a diverse range of services.
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