secwatch.observer — SEC 8-K summary
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Issuer:     LANDMARK BANCORP INC (LARK)
CIK:        0001141688
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001493152-24-017444
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141688/000149315224017444/0001493152-24-017444-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141688/000149315224017444/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-017444

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