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Landmark Bancorp Inc. (LARK)
NASDAQ:LARK
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
$0.48Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 26.97%
|Next Earnings Date:Feb 04, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with record net income growth, milestone achievements in loan balances, and robust credit quality. However, concerns were noted regarding an increase in nonperforming and past due loans, as well as rising expenses in compensation and benefits. Despite these challenges, the overall outlook remains positive with consistent dividend payments and strong credit quality.Company Guidance
During Landmark Bancorp's third quarter earnings call, the company reported a net income of $3.9 million, with earnings per share at $0.72. The return on average assets was 1.0%, while the return on average equity stood at 11.82%. Their efficiency ratio was reported at 66.5%, demonstrating operational effectiveness. The quarter saw a significant milestone with total gross loans reaching $1 billion, marking a first in the company's history. Total gross loans increased by $21.3 million, and deposit balances rose by 8.0%. This growth contributed to a 5.7% increase in net interest income and a 9 basis point improvement in net interest margin, reaching 3.30%. Noninterest income also rose by $533,000 from the previous quarter. The company maintained strong credit quality with an allowance for credit losses totaling $11.5 million, representing 1.15% of gross loans. Landmark's capital ratios remained robust, with a leverage ratio of 9.0% and a total risk-based capital ratio of 13.8%. The call concluded with the announcement of a cash dividend of $0.21 per share and a 5% stock dividend, reflecting the company's commitment to shareholder value.Record Net Income Growth
Net income grew by 30.5% over the prior quarter and 36.6% over the same period in 2023, reaching $3.9 million.
Milestone in Total Gross Loans
For the first time in company history, total gross loan balances reached $1 billion this quarter, with an increase of $21.3 million.
Increased Net Interest Income
Net interest income grew by $630,000 from the second quarter of 2024, totaling $11.6 million, due to increased interest income on loans.
Strong Credit Quality
Credit quality remained robust with low net credit losses and an allowance for credit losses totaling $11.5 million.
Consistent Dividend Payments
The Board declared a cash dividend of $0.21 per share and a 5% stock dividend, marking the 93rd consecutive quarterly cash dividend and 24th consecutive year of a 5% stock dividend.
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LARK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LARK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $18.91 | $19.83 | +4.87% |
| Aug 05, 2024 | $18.68 | $18.90 | +1.18% |
| May 01, 2024 | $16.86 | $17.08 | +1.30% |
| Jan 31, 2024 | $19.34 | $19.49 | +0.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Landmark Bancorp Inc. (LARK) report earnings?
Landmark Bancorp Inc. (LARK) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is Landmark Bancorp Inc. (LARK) earnings time?
Landmark Bancorp Inc. (LARK) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LARK EPS forecast?
Currently, no data Available
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