Landmark Bancorp Q3 EPS $0.50 vs $0.90 YoY; cash dividend $0.21 and 5% stock dividend declared

LANDMARK BANCORP INC

2022-Q3 EPS reported $1.73

Net earnings $2.5M, down from $4.5M in Q3 2021; diluted EPS $0.50 vs $0.90 YoY.
Gross loans increased $41.4M (24.5% annualized) from prior quarter; loan growth driven by commercial real estate, residential, agricultural, and commercial loans.
Net interest income rose 24.7% annualized from Q2 2022, net interest margin expanded to 3.21%.
Cash dividend $0.21/share payable Nov 30 to holders of record Nov 16; 5% stock dividend payable Dec 16 to holders of record Dec 2.
Completed acquisition of Freedom Bancshares on Oct 1, 2022 (not in Q3 results); acquired $118M loans and $150M deposits.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LANDMARK BANCORP INC reported financial results for the three months ended September 30, 2022.

Period: the three months ended September 30, 2022
Result: reported results

Exact text from the filing

On November 2, 2022, Landmark Bancorp, Inc. (the “Company”) issued a press release announcing financial results for the three months ended September 30, 2022.

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Source: SEC EDGAR

accession 0001493152-22-030216

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