Landmark Bancorp (LARK) Q4 2025 earnings summary

Executive summary

• Net income for 2025 was $18.8 million, with diluted EPS of $3.07, up 43%–44.4% year-over-year; Q4 net income was $4.7 million ($0.77 per share).

• Tangible book value per share rose to $20.79, up $0.83 sequentially and $4.09 (24%) year-over-year.

• Book value per share at year-end was $26.44, up from $25.64 at September 30.

• Declared a $0.21 per share cash dividend, marking the 98th consecutive quarterly dividend, payable February 26, 2026.

Financial highlights

• Net interest income for Q4 was $14.8 million, up $695,000 sequentially, 4.9% from Q3, and $2.4 million (19.3%) year-over-year.

• Net interest margin for Q4 was 4.03%, up 20 basis points sequentially and 52 basis points year-over-year; full-year margin was 3.86%.

• Efficiency ratio improved to 62.7% in 2025 from 69.1% in 2024.

• Total loans ended the year at $1.1 billion, with 11.5% average total loan growth for 2025.

• Deposits totaled $1.4 billion at year-end, up $63.4 million in Q4 and $60.1 million year-over-year.

Outlook and guidance

• Plans to continue investing in talent, strategic initiatives, and capabilities to drive growth in 2026.

• Focus remains on capitalizing on market opportunities, strengthening customer relationships, and maintaining expense discipline.