earnings
confidence high
sentiment neutral
materiality 0.70
Landmark Bancorp Q3 EPS $0.72, up 36.5% YoY; declares 5% stock dividend and $0.21 cash dividend
LANDMARK BANCORP INC
2024-Q3 EPS reported
$1.77
- Q3 net earnings $3.9M ($0.72 diluted EPS) vs $2.9M ($0.52) in Q3 2023; revenue up on loan growth and margin expansion.
- Net interest margin expanded to 3.30% from 3.21% in prior quarter; net interest income rose 5.7% to $11.6M.
- Loans grew $21.3M (8.6% annualized) to $1.0B; deposits increased $25M to $1.3B.
- Non-performing loans surged to $13.4M (1.34% of loans) from $5.0M (0.51%), primarily due to one commercial loan.
- Cash dividend $0.21/share payable Nov 27; 5% stock dividend payable Dec 16; 24th consecutive year of stock dividend.