Landmark Bancorp(US:LARK)2025-10-30 16:00Financial Data and Key Metrics Changes - Net income for Q3 2025 totaled $4.9 million, or $0.85 per diluted share, an increase of 24.1% in diluted earnings per share year-over-year compared to $3.9 million, or $0.68 per diluted share in Q3 2024 [3][8] - Return on average assets improved to 1.21% and return on average equity improved to 13.0% [3] - Efficiency ratio improved to 60.7% in Q3 2025 from 66.5% in Q3 2024 [12] Business Line Data and Key Metrics Changes - Total loans were flat based on period-end balances, while average loans grew nearly 10% on an annualized basis compared to the prior quarter [4][12] - Non-interest income totaled $4.1 million, an increase of $442,000 compared to the prior quarter, driven by gains on sales of mortgage loans and higher deposit-related fee income [11] - Non-performing loans declined by almost $7 million, primarily from the resolution of a large commercial real estate loan [4][16] Market Data and Key Metrics Changes - Deposits totaled $1.3 billion at September 30, 2025, increasing by $51.6 million on a linked quarter basis [13] - The Kansas economy remains healthy, with an unemployment rate of 3.8% and a 1.2% year-over-year increase in home sales [17] Company Strategy and Development Direction - The company remains risk-averse, focusing on monitoring interest rate and concentration risk while maintaining strong credit discipline [6] - The strategy emphasizes a resilient, relationship-driven approach to navigate evolving market dynamics [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the loan portfolio and the ability to navigate market dynamics, while focusing on maintaining solid credit quality amid economic uncertainties [19][18] - The company plans to continue investing in talent and infrastructure to support customer growth [6] Other Important Information - The Board declared a cash dividend of $0.21 per share and a 5% stock dividend, marking the 97th consecutive quarterly cash dividend and the 25th consecutive year of a 5% stock dividend [5] Q&A Session Summary - No questions were submitted during the Q&A session, and the call concluded with management expressing gratitude for the support and confidence in the company [20][21]