Landmark Bancorp Q2 EPS $0.55, down 10% YoY; declares $0.21 dividend

LANDMARK BANCORP INC

2024-Q2 EPS reported $1.06

Diluted EPS $0.55 in Q2 vs $0.61 in Q2 2023; net earnings $3.0M down from $3.4M.
Net interest income $11.0M, up 2.1% QoQ; net interest margin 3.21%, up 9 bps.
Loans grew $16.5M (6.9% annualized) driven by residential mortgages and construction.
Non-interest expense includes $979K valuation adjustment on former branch; excluding that, expenses fell 2.9%.
Dividend of $0.21 per share declared, payable Sept 4 to holders Aug 21.

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