Core Points - Landmark Bancorp, Inc. will release its fourth quarter 2024 earnings after market close on February 4, 2025 [1] - A conference call to discuss the earnings results is scheduled for February 5, 2025, at 10:00 am (CT) [1] - Investors can access the earnings call by dialing (833) 470-1428 with access code 296482 [1] Company Overview - Landmark Bancorp, Inc. is the holding company for Landmark National Bank, listed on NASDAQ under the symbol "LARK" [3] - The company is headquartered in Manhattan, Kansas, and operates as a community banking organization [3] - Landmark National Bank has 29 locations across 23 communities in Kansas [3]

Financial Data and Key Metrics Changes - Landmark reported net earnings of $3.9 million for Q3 2024, with earnings per share of $0.72, a return on average assets of 1.0%, and a return on average equity of 11.82% [4][5] - Net income increased by 30.5% compared to the prior quarter and 36.6% year-over-year, while earnings per share rose by 36.5% compared to Q3 2023 [5][11] - The efficiency ratio for Q3 2024 was 66.5% [4] Business Line Data and Key Metrics Changes - Total gross loans increased by $21.3 million, reaching $1 billion for the first time in company history, with net interest income growing by 5.7% [6][21] - Noninterest income rose by $533,000 over the prior quarter, driven by fee-based revenue and gains on the sale of a former branch facility [7][18] - Noninterest expense decreased by $536,000 compared to the prior quarter, totaling $10.6 million [19] Market Data and Key Metrics Changes - Deposits increased by 8.0%, totaling $1.3 billion at the end of Q3 2024 [22] - Interest checking and money market deposits grew by $19.2 million, while non-interest checking and savings accounts declined by $5.6 million [23] Company Strategy and Development Direction - The company is focusing on loan and fee business growth, particularly in Kansas City, where it is relatively new [35] - Landmark maintains a conservative deposit portfolio and employs a relationship-based banking model to ensure stability and consistency [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future interest rate environment, indicating that the balance sheet is well-positioned for potential rate cuts [12][13] - The current economic landscape in Kansas remains healthy, with a low unemployment rate and improving buyer activity in the housing market [32][33] Other Important Information - The Board declared a cash dividend of $0.21 per share and a 5% stock dividend, marking the 93rd consecutive quarterly cash dividend and the 24th consecutive year of stock dividends [9] Q&A Session Summary Question: Impact of recent rate cuts on margin and spread - Management noted that the full impact of the recent 50 basis point cut will be felt in Q4 2024 and into 2025, with optimism about future margins [38][39] Question: Mortgage volume and fixed-rate options - Management indicated an increase in activity for fixed-rate options as rates decline, with a robust pipeline for mortgage products [42][44] Question: Margins on fixed-rate sales - Margins on the sale of fixed-rate mortgages are currently stable, with no significant changes observed [45]

Financial Performance - Landmark Bancorp reported diluted earnings per share of $0.72 for Q3 2024, a 30.5% increase from the prior quarter and a 36.5% increase year-over-year[1]. - Net earnings for Q3 2024 reached $3.9 million, up from $3.0 million in Q2 2024 and $2.9 million in Q3 2023, reflecting a 30.5% quarter-over-quarter growth and a 36.6% year-over-year growth[1][3]. - Basic earnings per share rose to $0.72, up from $0.55 in the previous quarter, marking a 30.9% increase[19]. - Net earnings for the quarter were $3,931,000, representing an increase of 30.6% from $3,012,000 in the previous quarter[19]. Loan and Deposit Growth - Total loans increased by $21.3 million, or 8.6% annualized, driven by strong growth in residential mortgage, agriculture, and commercial real estate loans[3]. - As of September 30, 2024, gross loans totaled $1.0 billion, with a loan-to-deposit ratio of 77.6%[10][11]. - Total deposits rose to $1,275,502 thousand, compared to $1,250,482 thousand in the prior quarter, marking an increase of 2.00%[17]. - The net loans increased to $990,242 thousand from $969,089 thousand, showing a growth of 2.37%[17]. Income and Expenses - Net interest income grew by 5.7% to $11.6 million, with a net interest margin expanding to 3.30% from 3.21% in the prior quarter[6]. - Total interest income for the three months ended September 30, 2024, was $19,022,000, an increase of 4.6% from $18,180,000 in the previous quarter[19]. - Non-interest income totaled $4.3 million, an increase of $533,000, or 14.3%, from the previous quarter, primarily due to higher fees and a gain on the sale of a former branch[7]. - Total non-interest expense decreased to $10,559,000 from $11,095,000 in the previous quarter, a reduction of 4.8%[19]. Asset Management - Total assets as of September 30, 2024, increased to $1,563,651 thousand from $1,560,754 thousand as of June 30, 2024, reflecting a growth of 0.12%[17]. - Total gross loans reached $1,001,849 thousand, up from $980,575 thousand in the previous quarter, representing a growth of 2.73%[17]. - Cash and cash equivalents decreased to $21,211 thousand from $23,889 thousand, a decline of 11.16%[17]. - Investment securities available-for-sale totaled $411,012 thousand, down from $420,459 thousand, a decrease of 1.06%[17]. Equity and Capital - Stockholders' equity increased to $139.7 million, with a book value of $25.39 per share, up from $128.3 million and $23.45 per share in the prior quarter[12]. - The common stock remained stable at $55, with additional paid-in capital increasing to $89,532 thousand from $89,469 thousand[17]. - Retained earnings increased to $60,549 thousand from $57,774 thousand, reflecting a growth of 4.83%[17]. - Total stockholders' equity rose to $139,691 million, up from $128,254 million[24]. Credit Quality - The allowance for credit losses was $11.5 million, or 1.15% of total gross loans, with a provision for credit losses of $500,000 recorded in Q3 2024[13]. - Non-performing loans rose to $13.4 million, or 1.34% of gross loans, compared to $5.0 million, or 0.51% of gross loans in the prior quarter[14]. - Total non-performing assets increased to $13,843 thousand, up from $5,435 thousand[21]. - Loans 30-89 days delinquent rose to $7,301 thousand, compared to $1,872 thousand previously[21]. Efficiency and Returns - Return on average assets increased to 1.00% for September 30, 2024, compared to 0.78% for June 30, 2024[20]. - Return on average equity improved to 11.82% for September 30, 2024, up from 9.72% for June 30, 2024[20]. - The efficiency ratio improved to 66.5% for September 30, 2024, down from 67.9% for June 30, 2024[20]. - Tangible equity increased to $104,585 million, compared to $92,977 million previously[24].

Manhattan, KS, July 16, 2024 (GLOBE NEWSWIRE) -- Landmark Bancorp, Inc. (Nasdaq: LARK) announced that it will release earnings for the second quarter of 2024 after the market closes on Monday, August 5, 2024. The Company will host a conference call to discuss these results on Tuesday, August 6, 2024 at 10:00 am (CT). Investors may listen to the Company's earnings call via telephone by dialing (833) 470-1428 and using access code 974885. Investors are encouraged to call the dial-in number at least 5 minutes ...

Commission File Number 0-33203 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ (Address of principal executive offices) (Zip code) LANDMARK BANCORP, INC. (Exact name of registrant as specified in ...

FOR IMMEDIATE RELEASE Contact: May 1, 2024 Mark A. Herpich Chief Financial Officer (785) 565-2000 Exhibit 99.1 PRESS RELEASE Landmark Bancorp, Inc. Announces First Quarter Earnings Per Share of $0.51 Declares Cash Dividend of $0.21 per Share (Manhattan, KS, May 1, 2024) – Landmark Bancorp, Inc. ("Landmark"; Nasdaq: LARK) reported diluted earnings per share of $0.51 for the three months ended March 31, 2024, compared to $0.48 per share in the fourth quarter of 2023 and $0.61 per share in the same quarter las ...

Manhattan, KS, May 01, 2024 (GLOBE NEWSWIRE) -- Landmark Bancorp, Inc. (("Landmark", NASDAQ:LARK) reported diluted earnings per share of $0.51 for the three months ended March 31, 2024, compared to $0.48 per share in the fourth quarter of 2023 and $0.61 per share in the same quarter last year. Net earnings for the first quarter of 2024 amounted to $2.8 million, compared to $2.6 million in the prior quarter and $3.4 million for the first quarter of 2023. For the three months ended March 31, 2024, the return ...

Manhattan, KS, April 25, 2024 (GLOBE NEWSWIRE) -- Landmark Bancorp, Inc. (Nasdaq: LARK) announced that it will release earnings for the first quarter of 2024 after the market closes on Wednesday, May 1, 2024. The Company will host a conference call to discuss these results on Thursday, May 2, 2024 at 10:00 am (CT). Investors may listen to the Company’s earnings call via telephone by dialing (833) 470-1428 and using access code 688391. Investors are encouraged to call the dial-in number at least 5 minutes pr ...

Manhattan, KS, April 25, 2024 (GLOBE NEWSWIRE) -- Landmark Bancorp, Inc. (NASDAQ:LARK) announced that it will release earnings for the first quarter of 2024 after the market closes on Wednesday, May 1, 2024. The Company will host a conference call to discuss these results on Thursday, May 2, 2024 at 10:00 am (CT). Investors may listen to the Company's earnings call via telephone by dialing (833) 470-1428 and using access code 688391. Investors are encouraged to call the dial-in number at least 5 minutes pri ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from __________ to ___________ Commission File Number 0-33203 LANDMARK BANCORP, INC. (Exact name of Registrant as specified in its charter) | | | (State or other jurisdiction of incorpora ...