Landmark Bancorp(US:LARK)2025-05-01 15:32Financial Data and Key Metrics Changes - Net income for Q1 2025 totaled $4,700,000, a significant increase from $2,800,000 in the same period last year, representing a growth of 68% [5][9] - Diluted earnings per share rose to $0.81, marking a 69% increase year-over-year [5] - Return on average assets was 1.21% and return on average equity was 13.71% [5] - Efficiency ratio improved to 64.1% in Q1 2025 [5] Business Line Data and Key Metrics Changes - Total gross loans increased by $22,600,000 or 8.7% annualized, reaching nearly $1,100,000,000 [6][13] - Loan growth was primarily driven by commercial real estate and construction loans, which increased by $14,400,000 and $3,300,000 respectively [14] - Non-interest income totaled $3,400,000, a slight decline compared to the previous quarter [12] Market Data and Key Metrics Changes - Deposit balances increased by $7,100,000, totaling $1,300,000,000 at the end of Q1 2025 [15] - Average interest-bearing deposits grew by $34,800,000 during the quarter [16] - The loan-to-deposit ratio stood at 79.5%, indicating sufficient liquidity for continued loan growth [16] Company Strategy and Development Direction - The company remains focused on serving business owners across Kansas, emphasizing relationship banking [6] - There is a commitment to maintaining solid credit quality amid economic uncertainties [24] - The company aims to strengthen existing customer relationships and grow lending and fee businesses across all markets [25] Management's Comments on Operating Environment and Future Outlook - Management noted a general level of uncertainty among customers but expressed confidence that uncertainties will resolve over time [21] - The economic landscape in Kansas is described as healthy, with an unemployment rate of 3.8% [21] - The company is well-positioned for future growth due to its operational success and high-quality banking products [25] Other Important Information - The Board of Directors declared a cash dividend of $0.21 per share, marking the 95th consecutive quarterly cash dividend since the company's formation [7] - Stockholders' equity increased by $6,400,000 to $142,700,000, with a book value of $24.69 per share [16][17] Q&A Session Summary Question: No questions were asked during the Q&A session - The operator indicated that there were no questions at this time, and the call was handed back to management for closing comments [26]