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Landmark Bancorp Inc. (LARK)
NASDAQ:LARK
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Landmark Bancorp
(NASDAQ:LARK)
76Outperform
Landmark Bancorp (LARK) vs. S&P 500 (SPY)
Market Cap
$149.18M
Dividend Yield3.14%
Average Volume (3M)24.87K
Price to Earnings (P/E)11.4
Beta (1Y)0.29
Revenue Growth18.26%
EPS Growth6.14%
CountryUS
Employees283
SectorFinancial
Sector Strength86
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.25
Shares Outstanding5,782,259
10 Day Avg. Volume25,565
30 Day Avg. Volume24,871
Financial Highlights & Ratios
PEG Ratio1.86
Price to Book (P/B)N/A
Price to Sales (P/S)2.74
Price to Cash Flow (P/CF)4.90
P/FCF Ratio2.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Landmark Bancorp Business Overview & Revenue Model
Company DescriptionLandmark Bancorp, Inc. is a financial holding company headquartered in Manhattan, Kansas. It primarily operates through its wholly-owned subsidiary, Landmark National Bank, providing a wide range of banking and financial services. The company serves individual, business, and governmental customers across various regions, offering products such as loans, deposits, and wealth management services.
How the Company Makes MoneyLandmark Bancorp generates revenue primarily through its banking operations. The key revenue streams include interest income from loans and investments, which constitutes the majority of its earnings. The company also earns through non-interest income sources such as service charges on deposit accounts, fees from trust and wealth management services, and income from mortgage banking activities. Additionally, Landmark Bancorp benefits from strategic partnerships and local community engagements that help in expanding its customer base and increasing its market presence.
Landmark Bancorp Financial Statement Overview
Summary
Landmark Bancorp is financially healthy, with strong profitability and a solid balance sheet. There are areas for improvement in cash flow stability and revenue growth, but the company maintains a solid foundation for future growth.Income Statement
Landmark Bancorp shows solid profitability with a consistent net profit margin, maintaining a steady growth trajectory. However, revenue growth has been modest, and the EBIT margin indicates room for operational efficiency improvements.75
Positive
Balance Sheet
The company's balance sheet is strong, with a low debt-to-equity ratio and increasing stockholders' equity, suggesting financial stability. The equity ratio is robust, indicating a well-capitalized company with a high degree of financial security.80
Positive
Cash Flow
Cash flow metrics demonstrate variability, with operating cash flow and free cash flow showing inconsistencies, but overall positive free cash flow to net income ratio. The company should focus on stabilizing cash flow generation to strengthen its financial position.65
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 58.17M | 56.17M | 52.58M | 60.58M | 63.84M | Gross Profit |
| 58.17M | 56.17M | 52.58M | 60.58M | 63.84M | EBIT |
| 24.60M | 14.19M | 15.66M | 22.82M | 24.28M | EBITDA |
| 0.00 | 0.00 | 13.89M | 25.42M | 26.87M | Net Income Common Stockholders |
| 13.00M | 12.24M | 9.88M | 18.01M | 19.49M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 20.27M | 27.10M | 521.55M | 577.31M | 382.09M | Total Assets |
| 1.57B | 1.56B | 1.50B | 1.33B | 1.19B | Total Debt |
| 21.65M | 99.03M | 68.25M | 29.05M | 28.02M | Net Debt |
| 1.38M | 67.01M | 36.01M | -167.54M | -56.80M | Total Liabilities |
| 1.44B | 1.43B | 1.39B | 1.19B | 1.06B | Stockholders Equity |
| 136.22M | 126.91M | 111.43M | 135.64M | 126.67M |
| Cash Flow | Free Cash Flow | |||
| 0.00 | 11.61M | 23.90M | 29.84M | 14.46M | Operating Cash Flow |
| 0.00 | 12.60M | 24.78M | 31.16M | 14.81M | Investing Cash Flow |
| -18.11M | -50.61M | -197.16M | -56.45M | -104.55M | Financing Cash Flow |
| -2.96M | 41.95M | 6.32M | 129.69M | 160.86M |
Landmark Bancorp Technical Analysis
Neutral
25.80
Price Trends
25.28
Positive
24.36
Positive
21.62
Positive
Market Momentum
0.87
Negative
66.04
Neutral
60.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LARK, the sentiment is Neutral. The current price of 25.8 is below the 20-day moving average (MA) of 26.92, above the 50-day MA of 25.28, and above the 200-day MA of 21.62, indicating a neutral trend. The MACD of 0.87 indicates Negative momentum. The RSI at 66.04 is Neutral, neither overbought nor oversold. The STOCH value of 60.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for LARK.
Landmark Bancorp Risk Analysis
Landmark Bancorp disclosed 38 risk factors in its most recent earnings report. Landmark Bancorp reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Landmark Bancorp Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $149.18M | 11.44 | 9.88% | 3.14% | 18.26% | 6.14% | |
76 Outperform | $2.00B | 10.01 | 8.85% | 4.10% | 5.54% | -8.57% | |
71 Outperform | $2.10B | 9.19 | 9.72% | 4.31% | 9.95% | -11.02% | |
71 Outperform | $560.92M | 10.00 | 10.32% | 1.44% | 11.01% | 7.84% | |
70 Outperform | $181.46M | 9.32 | 8.95% | 3.18% | 10.65% | -12.80% | |
65 Neutral | $743.93M | 9.39 | 9.62% | 3.06% | 17.70% | 3.88% | |
64 Neutral | $13.37B | 9.30 | 9.39% | 4.85% | 16.11% | -8.85% |
* Financial Sector Average
Performance Comparison
LARK
Landmark Bancorp
25.80
7.71
42.62%
CFFI
C&F Financial
56.01
18.87
50.81%
FFBC
First Financial Bancorp
22.05
1.73
8.51%
FRME
First Merchants
34.13
2.46
7.77%
HTB
Hometrust Bancshares
32.03
8.20
34.41%
FMBH
First Mid-Illinois Bancshares
31.02
2.22
7.71%
Landmark Bancorp Earnings Call Summary
Earnings Call Date: Feb 5, 2025 | % Change Since: 9.60% | Next Earnings Date: May 6, 2025
Earnings Call Sentiment Neutral
The earnings call reflected a generally positive sentiment with solid growth in net income for the year, significant loan growth, and improved efficiency ratios. However, there were challenges such as a decrease in net income compared to the prior quarter, securities losses, and increased expenses, suggesting mixed results for the quarter.Highlights
Strong Full-Year Performance
Net income for the year ending December 31, 2024, totaled $13 million, a 6.3% increase from the prior year. Net interest income increased by 6% to $45.7 million, and non-interest income grew by approximately 13%.
Loan Growth
Total gross loans increased by $50.5 million in the fourth quarter, representing a 20% annualized growth rate. This brings total loan balances to nearly $1.1 billion.
Improved Efficiency Ratio
The efficiency ratio improved in the fourth quarter of 2024, indicating better expense management and operational efficiency.
Dividend Payments
A 5% stock dividend was distributed, and a cash dividend of $0.20 per share was paid. The Board declared a cash dividend of $0.21 per share to be paid in March 2025.
Lowlights
Decrease in Net Income Compared to Prior Quarter
Net income in the fourth quarter of 2024 was $3.3 million, compared to $3.9 million in the prior quarter, primarily due to a decline in non-interest income and higher non-interest expenses.
Securities Loss
A securities loss of $1.0 million was reported due to the sale of low-yielding U.S. Treasury securities.
Increased Non-Interest Expenses
Non-interest expenses increased by $1.3 million in the fourth quarter, driven by higher professional fees and compensation costs.
Provision for Credit Losses
A provision for credit losses of $1.5 million was recorded, up from $500,000 in the prior quarter, reflecting increased reserves for one non-accrual loan.
Company Guidance
During Landmark Bancorp Inc.'s fourth quarter earnings call for fiscal year 2024, significant growth metrics were shared, highlighting a robust performance. Net income for the year totaled $13 million, marking a 6.3% increase from the previous year. The company added $103.7 million in new loans, while net interest income rose by 6% to $45.7 million. Non-interest income also saw a 13% boost, increasing by $1.5 million. The fourth quarter alone reported solid earnings of $3.3 million, with diluted earnings per share rising by 25% to $0.57 compared to the same quarter last year. The return on average assets was noted at 0.83% and return on average equity at 9.54%, with an efficiency ratio at 70%. Total gross loans increased by $50.5 million, contributing to an annualized growth rate of 20%, bringing total loan balances close to $1.1 billion. Deposit balances also rose by $53 million, supporting loan growth and reducing short-term borrowings. The net interest margin improved by 21 basis points to 3.51%, underscoring the bank's effective management of interest rate and credit risk, and enhancing its position for continued growth in 2025.Landmark Bancorp Corporate Events
Financial Disclosures
Landmark Bancorp to Release Q4 2024 Earnings
Neutral
Jan 29, 2025
On January 29, 2025, Landmark Bancorp announced plans to release its fourth-quarter 2024 earnings on February 4, 2025, after the market closes. A conference call to discuss these results is scheduled for February 5, 2025, at 10:00 a.m. Central Time, offering investors an opportunity to gain insights into the company’s financial performance. The earnings call can be accessed via telephone, with a replay available until February 12, 2025.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.