Landmark Bancorp Q1 EPS $0.51, down 16% YoY; declares $0.21 dividend (+5%)

LANDMARK BANCORP INC

2024-Q1 EPS reported $0.51

Q1 EPS $0.51, net income $2.8M vs $0.61/$3.4M in Q1 2023; sequential improvement from Q4 $0.48/$2.6M.
Gross loans grew $15.4M (6.5% annualized) to $964M; net interest margin 3.12%, slightly up from Q4.
Dividend increased 5% to $0.21/share, payable May 29, 2024 to holders of record May 15, 2024.
Non-performing loans $3.6M (0.38% of loans) vs $2.4M (0.25%) in Dec 2023; net charge-offs minimal $7K.
Provision for credit losses $300K due to loan growth; allowance 1.13% of loans at March 31, 2024.

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, 2024 results: net income $2.8 million, EPS $0.51.

Period: the three months ended March 31, 2024
Net income: $2.8 million
EPS: $0.51
Result: reported results

Exact text from the filing

Landmark Bancorp, Inc. (“Landmark”; Nasdaq: LARK) reported diluted earnings per share of $0.51 for the three months ended March 31, 2024

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Source: SEC EDGAR

accession 0001493152-24-017444

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