secwatch.observer — SEC 8-K summary
======================================

Issuer:     LANDMARK BANCORP INC (LARK)
CIK:        0001141688
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001493152-24-043063
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Landmark Bancorp Q3 EPS $0.72, up 36.5% YoY; declares 5% stock dividend and $0.21 cash dividend
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141688/000149315224043063/0001493152-24-043063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141688/000149315224043063/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-043063

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer