Landmark Bancorp (LARK) investor relations material

Executive summary

• Record total revenue of $18.8 million for Q1 2026, with diluted EPS up to $0.83, reflecting a 6.7%–7.8% year-over-year increase and net earnings of $5.1 million, driven by higher net interest and non-interest income.

• Net interest income rose 14.5% year-over-year to $15.0 million, with net interest margin improving to 4.24%.

• Return on average assets increased to 1.29%, and return on average equity was 12.65%.

• Board declared a $0.21 per share cash dividend, marking the 99th consecutive quarterly dividend.

• Total assets remained stable at $1.6 billion as of March 31, 2026.

Financial highlights

• Interest income increased 4.7% to $20.2 million, with loan yields rising to 6.40%.

• Non-interest income totaled $3.8 million, up 12.1% year-over-year, mainly from higher gains on loan sales and bank-owned life insurance income.

• Non-interest expense was $11.9 million, up 10.6% year-over-year, impacted by $433,000 in fraud losses and higher technology and staffing costs.

• Efficiency ratio improved to 62.7% from 64.4% in Q1 2025.

• Effective tax rate was 19.8% for Q1 2026.

Outlook and guidance

• Management remains focused on efficiency improvements, risk oversight, and capital strength to ensure resilience across economic cycles.

• Continued emphasis on disciplined underwriting, proactive risk management, and maintaining strong capital ratios.

• Future dividend practices depend on economic and company performance.