Landmark Bancorp (LARK) Investor presentation summary

Company profile and strategy

• Founded in 1885, headquartered in Manhattan, Kansas; 28 full-service branches serve 23 communities, with 285 associates. Assets were $1.6B, loans $1.1B and deposits $1.3B at June 30, 2026.

• Operations span central, eastern, southeast and southwest Kansas, plus the Kansas City area; the Kansas City MSA represented $476M, or 36%, of deposits at June 30, 2026.

• Growth strategy combines organic lending, commercial team expansion and acquisitions; historical acquisitions and de novo expansion supported an 8% organic loan growth CAGR highlighted in the presentation.

• Targets small and middle-market businesses and local retail customers; mortgage banking recorded $50M of Q2 originations and serviced a $620M portfolio for others at June 30, 2026.

Q2 2026 performance

• Total revenue was $19.18M, net earnings $5.39M and diluted EPS $0.88; EPS increased 6.1% linked quarter.

• ROAA rose to 1.35% from 1.29% in Q1 2026; ROAE was 13.23%, and the efficiency ratio improved to 61.7% from 62.7%.

• Net interest income was $15.08M; net interest margin was 4.22%, down from 4.24% in Q1 2026, while total deposit cost fell to 1.30% from 1.38%.

• NIM expansion was supported by higher securities rates and lower deposit and borrowing costs; loan yield was 6.31% and total deposit cost 1.30%.

Balance sheet and funding

• Total assets were $1.607B; gross loans held for investment were $1.101B and deposits $1.305B at June 30, 2026.

• Deposits declined in Q2, primarily from brokered deposit paydowns, while core customer deposits increased on linked-quarter and YoY bases; noninterest-bearing deposits were 29% of total deposits.

• Brokered and other wholesale deposits fell to $18M; public funds totaled $248M, Kansas City was the largest deposit MSA at $389M, and $97M of CDs matured in Q3 2026.

• Securities were 21.5% of assets; projected 12-month cash flow was $78.6M at a 2.88% yield, and AOCI loss decreased to $7.6M at June 30, 2026.