earnings
confidence high
sentiment negative
materiality 0.75
Landmark Bancorp Q1 EPS $0.62, down from $1.08 YoY; declares $0.21 dividend
LANDMARK BANCORP INC
2022-Q1 EPS reported
$0.62
- Diluted EPS $0.62 vs $1.08 in Q1 2021; net earnings $3.1M vs $5.4M (down 42.6%).
- Non-interest income fell 47% to $3.6M on $2.2M drop in mortgage gains and lower securities gains.
- Net interest margin narrowed to 2.99% from 3.51% a year ago; PPP fees down to $480K.
- Declared $0.21 cash dividend payable May 25, 2022 to holders of record May 11.
- Gross loans declined $28.8M to $633.5M; reverse provision for loan losses of $500K recorded.