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MANHATTAN, KS - Landmark Bancorp, Inc. (NASDAQ:LARK), a $152 million market cap regional bank trading at an attractive P/E ratio of 10.3, reported diluted earnings per share of $0.75 for the second quarter of 2025, down from $0.81 in the first quarter but up from $0.52 in the same period last year. According to InvestingPro analysis, the stock is currently trading near its Fair Value, with additional insights available in the comprehensive Pro Research Report.
Net earnings for the quarter totaled $4.4 million, compared to $4.7 million in the prior quarter and $3.0 million in the second quarter of 2024. The company posted a return on average assets of 1.11% and a return on average equity of 12.25%. InvestingPro data shows the bank maintains a GOOD overall Financial Health Score of 2.56, reflecting strong operational metrics.
Landmark’s loan portfolio expanded by $42.9 million in the quarter, representing an annualized growth rate of 16.0%. This growth was primarily in residential mortgage, commercial, and commercial real estate loans.
The net interest margin improved to 3.83%, up from 3.76% in the previous quarter and 3.25% in the year-ago period. Net interest income increased by $564,000, or 4.3%, compared to the first quarter, and by $2.7 million, or 24.7%, from the same quarter last year.
While deposits decreased by $61.9 million from the previous quarter, they showed a year-over-year increase of $23.4 million, or 1.9%. Total assets grew by $46.7 million, an 11.9% annualized rate compared to the prior quarter.
Credit quality remained stable with net charge-offs of $40,000 in the second quarter. The company recorded a provision for credit losses of $1.0 million to reflect loan growth and higher reserves against non-accrual loans.
Stockholders’ equity increased by $5.7 million, with the ratio of equity to assets rising to 9.13%.
Landmark’s Board of Directors declared a quarterly cash dividend of $0.21 per share, payable on August 27, 2025, to stockholders of record as of August 13, 2025. The current dividend yield stands at 3.22%, and notably, InvestingPro reveals that Landmark has maintained dividend payments for 32 consecutive years, with 23 years of consecutive increases. Subscribers can access more than 10 additional ProTips and detailed financial metrics through the platform’s comprehensive analysis tools.
The financial results were announced in a press release issued by the company.
In other recent news, Landmark Bancorp reported strong financial results for the first quarter of 2025. The company saw significant year-over-year growth in both net income and earnings per share, indicating a robust performance. Landmark Bancorp attributed this success to its strategic focus on relationship banking and cost-saving measures. Additionally, the company held its Annual Meeting of Stockholders, where four Class III directors were elected to serve three-year terms. Abigail M. Wendel, Patrick L. Alexander, Jim W. Lewis, and Tom A. Page were the directors elected during the meeting. Approximately 80.8% of the outstanding shares were represented either in person or by proxy. These developments reflect Landmark Bancorp’s ongoing efforts to strengthen its governance and financial standing.
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