Landmark Bancorp Earnings Call Transcripts
Fiscal Year 2026
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Record Q2 2026 revenue and profitability were driven by higher net interest income and gains on loan sales, with core deposits and commercial/agricultural loans growing. Asset quality remains solid despite a rise in non-performing loans, and capital ratios are strong.
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Record Q1 2026 revenue and EPS growth driven by higher net interest income and margin expansion. Credit quality remains stable despite isolated increases in non-performing and delinquent loans, while capital and liquidity positions are strong.
Fiscal Year 2025
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Q4 and full-year 2025 saw strong revenue and profit growth, with net income up 43% year-over-year and improved efficiency. Loan and deposit growth remained solid, credit quality improved, and capital ratios stayed robust.
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Q3 2025 net income rose 24.1% year-over-year to $4.9 million, driven by higher net interest and non-interest income, improved efficiency, and strong credit quality. Tangible book value and deposits increased, while asset quality and capital ratios remain robust.
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Q2 2025 saw net income rise to $4.4M, driven by strong loan growth and margin expansion. Credit quality remains solid, with a $1M provision for credit losses and improving non-performing loan trends. Deposit initiatives and capital ratios remain robust.
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Q1 2025 saw net income rise to $4.7 million, with strong loan and deposit growth, improved margins, and robust credit quality. Efficiency gains and a 69% EPS increase highlight operational strength, while management remains focused on growth amid economic uncertainty.
Fiscal Year 2024
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Net income grew 6.3% in 2024, with strong loan and deposit growth and improved efficiency. Q4 saw a 25% EPS increase year-over-year, margin expansion, and robust credit quality. Management expects further margin gains and continued growth in 2025.
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Q3 2024 saw net income rise 30.5% sequentially, driven by record loan growth, margin expansion, and higher non-interest income. Credit quality remains strong despite a rise in non-performing loans, and management expects further margin benefits from recent Fed rate cuts.
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Q2 2024 saw solid earnings growth, higher net interest income, and strong loan demand, with credit quality and capital ratios remaining robust. A one-time branch valuation adjustment impacted EPS, but core expenses were well managed and outlook remains positive.