Landmark ( (LARK) ) has released its Q4 earnings. Here is a breakdown of the information Landmark presented to its investors.
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Landmark Bancorp, Inc., headquartered in Manhattan, Kansas, is a community banking organization operating under the Nasdaq symbol LARK, offering a range of financial services across 29 locations in Kansas.
Recently, Landmark Bancorp announced a 6.3% increase in net earnings for the year ending December 31, 2024. The company reported a fourth-quarter earnings per share of $0.57 and declared a cash dividend of $0.21 per share.
Key financial highlights include a substantial loan growth of $50.5 million in the fourth quarter, contributing to a yearly gross loan increase of $103.7 million. The net interest margin improved to 3.51%, with a decrease in total borrowings by $34.7 million. Despite a pre-tax loss of $1.0 million from repositioning part of the investment portfolio, credit quality remained strong.
Looking ahead, Landmark’s management anticipates continued momentum in loan demand and deposit growth, driven by strategic investments and a focus on enhancing their financial services. The company’s outlook reflects confidence in maintaining solid financial performance while navigating economic challenges.
