Landmark Bancorp, Inc. (LARK)

Landmark Bancorp Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	59.67	51.75	33.47	33.61	31.8	27.67
Interest Income on Investments	12.77	12.93	9.75	6.21	7.46	9.44
Total Interest Income	72.43	64.68	43.23	39.83	39.25	37.11
Interest Paid on Deposits	21.84	15.25	2.78	1.02	2.11	5.34
Interest Paid on Borrowings	6.38	6.14	1.57	0.48	0.66	1.42
Total Interest Expense	28.22	21.39	4.35	1.51	2.77	6.76
Net Interest Income	44.21	43.29	38.88	38.32	36.48	30.35
Net Interest Income Growth (YoY)	-0.18%	11.35%	1.46%	5.03%	20.20%	9.23%
Gain (Loss) on Sale of Investments	-1.25	-1.25	-1.1	1.14	2.45	-0.18
Other Non-Interest Income	12.75	12.21	11.36	10.64	9.76	9.63
Total Non-Interest Income	13.63	13.23	13.7	22.26	27.36	15.81
Non-Interest Income Growth (YoY)	-1.17%	-3.43%	-38.46%	-18.63%	73.05%	1.53%
Revenues Before Loan Losses	57.84	56.52	52.58	60.58	63.84	46.16
Provision for Loan Losses	0.85	0.35	-	0.5	3.3	1.4
Revenue	56.99	56.17	52.58	60.08	60.54	44.76
Revenue Growth (YoY)	-1.37%	6.83%	-12.48%	-0.76%	35.25%	6.68%
Salaries and Employee Benefits	22.24	22.33	20.11	19.83	20.35	17.51
Occupancy Expenses	5.54	5.57	5.12	4.48	4.43	4.47
Amortization of Goodwill & Intangibles	1.36	1.84	1.45	1.6	1.6	1.21
Selling, General & Administrative	4.85	4.74	3.77	4.17	3.72	3.62
Other Non-Interest Expense	7.66	7.5	7.43	7.17	6.16	5.85
Total Non-Interest Expense	42.77	41.98	37.87	37.26	36.26	32.65
EBT Excluding Unusual Items	14.22	14.19	14.71	22.83	24.28	12.12
Pretax Income	14.22	14.19	11.31	22.83	24.28	12.12
Income Tax Expense	1.86	1.95	1.43	4.81	4.79	1.45
Net Income	12.36	12.24	9.88	18.01	19.49	10.66
Net Income to Common	12.36	12.24	9.88	18.01	19.49	10.66
Net Income Growth	14.35%	23.87%	-45.16%	-7.60%	82.83%	2.26%
Basic Shares Outstanding	5	5	5	6	5	6
Diluted Shares Outstanding	5	5	6	6	6	6
Shares Change (YoY)	-0.02%	-0.49%	-0.21%	0.29%	-1.71%	0.49%
EPS (Basic)	2.26	2.23	1.80	3.27	3.55	1.91
EPS (Diluted)	2.25	2.23	1.79	3.26	3.54	1.90
EPS Growth	14.21%	24.58%	-45.09%	-7.99%	86.00%	1.62%
Dividend Per Share	0.830	0.800	0.760	0.690	0.657	0.626
Dividend Growth	5.00%	5.26%	10.14%	5.01%	4.98%	5.02%
Effective Tax Rate	13.09%	13.77%	12.66%	21.09%	19.72%	11.99%

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