Landmark Bancorp(US:LARK)2026-01-29 17:00Financial Data and Key Metrics Changes - Landmark Bancorp reported a net income of $4.7 million for Q4 2025, a significant increase from $3.3 million in Q4 2024, with diluted earnings per share rising to $0.77 [4][9] - For the full year 2025, net income reached $18.8 million or $3.07 per share, marking a 43% increase over 2024 earnings per share [5] - The tangible book value increased to $20.79 per share, up $0.83 from the previous quarter and $4.09 or 24% from year-end 2024 [4][5] - The efficiency ratio improved to 62.7% in 2025 from 69.1% in 2024, indicating better expense management [5] Business Line Data and Key Metrics Changes - Net interest income for Q4 2025 totaled $14.8 million, an increase of $695,000 from Q3 2025, driven by higher asset yields and lower funding costs [9] - Commercial loan production was strong, particularly in commercial real estate, with mortgage originations increasing by 11% year-over-year [6][19] - Non-interest income for Q4 2025 was $3.9 million, a decrease of $169,000 from the prior quarter, primarily due to a loss on the sale of investment securities [12] Market Data and Key Metrics Changes - Deposits totaled $1.4 billion at December 31, 2025, increasing by $63.4 million in Q4, with interest checking and money market deposits rising significantly [15][16] - Non-interest-bearing deposits accounted for 26.3% of total deposits at year-end [16] - The Kansas economy remains healthy, with an unemployment rate of 3.8% as of November 30, 2025 [21] Company Strategy and Development Direction - The company plans to continue investing in its associates and make strategic investments to enhance customer service and capitalize on growth opportunities in its markets [23] - Management emphasized the importance of maintaining a strong and resilient balance sheet while proactively monitoring credit quality to minimize future losses [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in building on the foundation set in 2025 and highlighted the dedication of associates in serving customers and strengthening communities [23] - The company remains focused on addressing non-performing loans and improving the overall quality of its loan portfolio [20] Other Important Information - The board of directors declared a cash dividend of $0.21 per share, marking the 98th consecutive quarterly cash dividend since the company's formation [8] - The allowance for credit losses stood at $12.5 million, representing 1.12% of gross loans, indicating a strong position in managing credit risk [20] Q&A Session Summary - No specific questions or answers were documented in the provided content, indicating that the call may have concluded without a formal Q&A segment [24]