Landmark Bancorp(US:LARK)2026-01-29 17:02Financial Data and Key Metrics Changes - Landmark Bancorp reported a net income of $4.7 million for Q4 2025, an increase from $3.3 million in Q4 2024, with diluted earnings per share rising to $0.77 [5][9] - For the full year 2025, net income reached $18.8 million, translating to $3.07 per share, marking a 43% increase over 2024 [6] - Tangible book value increased to $20.79 per share, up $0.83 from the previous quarter and $4.09 or 24% year-over-year [5][6] Business Line Data and Key Metrics Changes - Net interest income for Q4 2025 totaled $14.8 million, up $695,000 from Q3 2025 and $2.4 million year-over-year [9] - Average total loan growth was 11.5%, with loans ending the year at $1.1 billion, driven by strong commercial loan production [7] - Non-interest income for Q4 2025 was $3.9 million, a decrease of $169,000 compared to 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 by $71.6 million [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 [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in building on the foundation set in 2025 and highlighted the importance of dedication to customer service and community engagement [23] - The company remains focused on addressing non-performing loans and improving overall loan portfolio quality [20] Other Important Information - The board declared a cash dividend of $0.21 per share, marking the 98th consecutive quarterly cash dividend since the company's formation [8] - The efficiency ratio improved to 62.7% in 2025 from 69.1% in 2024, reflecting controlled expense growth [6] Q&A Session Summary Question: What are the expectations for loan growth in 2026? - Management indicated a focus on maintaining loan growth while managing credit quality and addressing non-performing loans [19] Question: How does the company plan to handle rising interest rates? - The company plans to continue its pricing discipline and monitor the cost of deposits to maintain net interest margin [11] Question: What is the outlook for the Kansas housing market? - The Kansas housing market shows signs of normalization, with home sales down 9.6% year-over-year but median sale prices increasing [21]