Landmark Bancorp (LARK) investor relations material

Executive summary

• Q3 net income rose 11.0% YoY to $5.5 million and diluted EPS was $0.89; record revenue of $19.2 million reflected stronger net interest income.

• 9M net income increased 13.5% to $15.9 million, with diluted EPS of $2.59.

Financial highlights

• Q3 net interest income was $15.6 million, up 11.0% YoY and $562,000 QoQ; 9M net interest income was $45.7 million, up 11.9%.

• Tax-equivalent NIM reached 4.35%, up 13 bps QoQ and 52 bps YoY; 9M NIM was 4.27%, up 46 bps YoY.

• Q3 non-interest income was $3.6 million, down $493,000 QoQ and $466,000 YoY, mainly on lower mortgage and secondary-market loan-sale gains.

• Non-interest expense was $12.3 million, up 2.4% QoQ and 8.9% YoY; higher compensation, occupancy and other costs were partly offset by lower professional fees.

• 9M total revenue was $57.2 million versus $51.9 million in 9M 2025.

Outlook and guidance

• Seasonal public-fund outflows are expected to reverse in Q4; management remains optimistic about organic loan growth despite lumpy Q3 payoffs.

• Management expects slight asset sensitivity over the next year to support some margin increase.

• Management expects a significant portion of certificates maturing within one year to remain in deposit accounts, consistent with historical retention.

• Priorities include sustainable growth, customer service, relationship-driven banking, talent development, process efficiency, digital upgrades and stronger credit administration.

• Management cited strong capital and liquidity, with future dividends dependent on economic conditions and overall performance.