Landmark Bancorp, Inc. (LARK)

Landmark Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	61.4	51.75	33.47	33.61	31.8
Interest Income on Investments	12.5	12.93	9.75	6.21	7.46
Total Interest Income	73.9	64.68	43.23	39.83	39.25
Interest Paid on Deposits	22.31	15.25	2.78	1.02	2.11
Interest Paid on Borrowings	5.87	6.14	1.57	0.48	0.66
Total Interest Expense	28.18	21.39	4.35	1.51	2.77
Net Interest Income	45.72	43.29	38.88	38.32	36.48
Net Interest Income Growth (YoY)	5.62%	11.35%	1.46%	5.03%	20.20%
Gain (Loss) on Sale of Investments	-1.03	-1.25	-1.1	1.14	2.45
Other Non-Interest Income	13.39	12.21	11.36	10.64	9.76
Total Non-Interest Income	14.74	13.23	13.7	22.26	27.36
Non-Interest Income Growth (YoY)	11.44%	-3.43%	-38.46%	-18.63%	73.05%
Revenues Before Loan Losses	60.47	56.52	52.58	60.58	63.84
Provision for Loan Losses	2.3	0.35	-	0.5	3.3
Revenue	58.17	56.17	52.58	60.08	60.54
Revenue Growth (YoY)	3.55%	6.83%	-12.48%	-0.76%	35.25%
Salaries and Employee Benefits	23.1	22.33	20.11	19.83	20.35
Occupancy Expenses	5.66	5.57	5.12	4.48	4.43
Amortization of Goodwill & Intangibles	1.16	1.84	1.45	1.6	1.6
Selling, General & Administrative	4.8	4.74	3.77	4.17	3.72
Other Non-Interest Expense	8.24	7.5	7.43	7.17	6.16
Total Non-Interest Expense	44.08	41.98	37.87	37.26	36.26
EBT Excluding Unusual Items	14.09	14.19	14.71	22.83	24.28
Pretax Income	14.09	14.19	11.31	22.83	24.28
Income Tax Expense	1.09	1.95	1.43	4.81	4.79
Net Income	13	12.24	9.88	18.01	19.49
Net Income to Common	13	12.24	9.88	18.01	19.49
Net Income Growth	6.27%	23.87%	-45.16%	-7.60%	82.83%
Basic Shares Outstanding	6	6	6	6	6
Diluted Shares Outstanding	6	6	6	6	6
Shares Change (YoY)	0.16%	-0.49%	-0.21%	0.29%	-1.71%
EPS (Basic)	2.26	2.13	1.71	3.12	3.38
EPS (Diluted)	2.26	2.12	1.70	3.10	3.37
EPS Growth	6.33%	24.58%	-45.09%	-7.98%	86.00%
Dividend Per Share	0.840	0.762	0.724	0.657	0.626
Dividend Growth	10.25%	5.26%	10.15%	4.98%	5.02%
Effective Tax Rate	7.71%	13.77%	12.66%	21.09%	19.72%

Source: S&P Capital IQ. Banks template. Financial Sources.