secwatch.observer — SEC 8-K summary
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Issuer:     LANDMARK BANCORP INC (LARK)
CIK:        0001141688
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001493152-23-015185
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141688/000149315223015185/0001493152-23-015185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141688/000149315223015185/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-015185

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