Landmark Bancorp Q1 EPS $0.64 vs $0.59 YoY; net income $3.4M

LANDMARK BANCORP INC

2023-Q1 EPS reported $0.64

Q1 2023 diluted EPS $0.64, up from $0.23 in Q4 2022 and $0.59 in Q1 2022; net income $3.4M.
Gross loans grew $19.6M (9.4% annualized) to $869.8M; deposits decreased $6.6M (2.1%) to $1.3B.
Net interest margin 3.31%, down from 3.53% prior quarter due to higher funding costs; net interest income $10.9M down 7.9% sequentially.
Non-interest expense fell 25.9% sequentially to $10.3M as $3.0M acquisition costs from Freedom Bank deal did not reoccur.
Board declared $0.21 per share dividend payable May 31 to holders of record May 17.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LANDMARK BANCORP INC reported the three months ended March 31, 2023 results: net income $3.4 million, EPS $0.64.

Period: the three months ended March 31, 2023
Net income: $3.4 million
EPS: $0.64
Result: reported results

Exact text from the filing

On May 2, 2023, Landmark Bancorp, Inc. (the “Company”) issued a press release announcing financial results for the three months ended March 31, 2023.

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Source: SEC EDGAR

accession 0001493152-23-015185

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