Group 1 - Colliers International Group Inc. (NASDAQ:CIGI) announced the acquisition of Progedil, a leading residential asset advisor in Rome, to enhance its capabilities in urban regeneration and new-build development projects [1][3] - Progedil has a 35-year legacy and has commercialized over 27,000 residential units valued at approximately €6.5 billion, providing a comprehensive suite of services [2][4] - The acquisition aims to deepen Colliers' presence in the Roman market and leverage its global ecosystem, technology, and intelligence for innovative solutions in Italy's residential and urban markets [3][4] Group 2 - Progedil's senior leadership, including CEO Marco Barile and Managing Director Francesco Procopio, will retain significant equity and continue managing day-to-day operations with a team of 75 professionals [2] - The integration of Progedil will complement the transition of Niccolò Suardi to lead the regional Advisory & Transaction team while maintaining his role as Head of Retail for Italy [3]

Core Viewpoint - Landmark Bancorp reported a net income of $4.4 million and diluted EPS of $0.75 for Q2 2025, showing strong year-over-year growth but a slight decline from Q1 2025 highs. The bank's loan growth and net interest income remained robust, although deposit trends and asset quality require close monitoring [1][2]. Financial Performance - EPS (GAAP) for Q2 2025 was $0.75, up 44.2% year-over-year from $0.52 in Q2 2024, but down from $0.81 in Q1 2025 [2]. - Net interest income increased to $13.7 million, a 24.7% rise from $10.97 million in Q2 2024 and up from $13.1 million in Q1 2025 [2][5]. - Net earnings were $4.4 million, a 46.1% increase from $3.0 million in Q2 2024, but a slight decrease from $4.7 million in Q1 2025 [2]. - Return on average assets was 1.11%, up 0.33 percentage points year-over-year [2]. Business Overview - Landmark Bancorp operates as a community-oriented bank, providing a range of loan products including residential, commercial real estate, and agricultural loans across Kansas and the Kansas City metro area [3][4]. Loan Portfolio and Growth - The loan portfolio expanded by $42.9 million during the quarter, with significant growth in residential real estate loans ($21.5 million), commercial real estate loans ($10.9 million), and commercial loans ($13.4 million) [6]. - Total gross loans reached $1.12 billion, with strong demand noted in commercial and mortgage segments [6]. Deposit Trends - Deposit balances were $1.27 billion, reflecting a decline of $61.9 million from the previous quarter but an increase of $23.4 million year-over-year [7]. - The loan-to-deposit ratio increased to 86.6%, up from 79.5% in Q1 2025, as total borrowings rose by $105.9 million to support loan growth [7]. Asset Quality - Non-performing loans grew to $17.0 million, or 1.52% of gross loans, up from 1.24% in Q1 2025, although early-stage delinquencies improved [9]. - A provision for credit losses of $1.0 million was recorded, reflecting growth in the loan book and increased reserves for non-accrual loans [9]. Capital Strength - Equity to assets increased to 9.13%, up from 9.04% in the previous quarter, and tangible book value per share improved to $19.66 [10]. - The company declared a quarterly dividend of $0.21 per share, up from $0.20 in Q2 2024, indicating a commitment to shareholder returns [10]. Future Outlook - Management did not provide formal financial guidance but emphasized a focus on growing higher-yielding loans, maintaining expense control, and upholding credit discipline [11]. - Ongoing monitoring of deposit trends, asset quality, and competitive landscape in regional markets is expected [12].