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Landmark Bancorp (LARK) Financials

Landmark Bancorp logo
$31.02 +0.04 (+0.11%)
As of 02:04 PM Eastern
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Annual Income Statements for Landmark Bancorp

Annual Income Statements for Landmark Bancorp

This table shows Landmark Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 11 8.96 4.37 10 11 19 18 9.88 12 13 19
Consolidated Net Income / (Loss)		 11 8.96 4.37 10 11 19 18 9.88 12 13 19
Net Income / (Loss) Continuing Operations		 11 8.96 4.37 10 11 19 18 9.88 12 13 19
Total Pre-Tax Income 		14 11 3.47 12 12 24 23 11 14 14 23
Total Revenue		 43 41 41 43 46 64 61 53 57 60 71
Net Interest Income / (Expense)		 26 26 26 28 30 36 38 39 43 46 56
Total Interest Income		 29 29 30 33 37 39 40 43 65 74 81
Loans and Leases Interest Income		 21 21 21 24 28 32 34 33 52 61 69
Investment Securities Interest Income		 7.65 7.98 8.61 9.27 9.44 7.39 6.03 9.43 13 12 12
Deposits and Money Market Investments Interest Income		 - - - - - 0.07 0.19 0.32 0.24 0.19 0.23
Total Interest Expense		 3.08 3.19 3.59 5.37 6.76 2.77 1.51 4.35 21 28 25
Deposits Interest Expense		 1.07 1.13 1.57 3.06 5.34 2.11 1.02 2.78 15 22 21
Long-Term Debt Interest Expense		 2.01 2.06 2.02 1.08 0.45 0.05 0.00 0.58 4.05 3.89 2.83
Federal Funds Purchased and Securities Sold Interest Expense		 - - - - - - 0.01 0.15 0.50 0.34 0.15
Other Interest Expense		 - - - - 0.97 0.61 0.47 0.84 1.59 1.64 1.42
Total Non-Interest Income		 17 15 15 16 16 27 22 14 13 15 15
Other Service Charges		 8.62 8.31 8.48 9.88 8.88 9.14 9.95 11 11 12 11
Net Realized & Unrealized Capital Gains on Investments		 7.87 6.03 5.89 5.04 6.18 18 12 2.34 1.02 1.36 3.07
Other Non-Interest Income		 0.51 0.51 0.91 0.64 0.75 0.61 0.69 0.78 0.91 1.72 1.12
Provision for Credit Losses		 -0.70 0.50 0.45 1.40 1.40 3.30 0.50 0.00 0.35 2.30 2.35
Total Non-Interest Expense		 29 29 37 30 33 36 37 41 42 44 45
Salaries and Employee Benefits		 15 15 15 16 18 21 20 20 23 23 26
Net Occupancy & Equipment Expense		 5.64 5.75 5.69 5.86 6.12 6.26 6.50 6.70 7.51 7.55 7.20
Other Operating Expenses		 5.93 5.71 15 6.47 7.53 7.74 9.00 9.32 9.95 11 11
Amortization Expense		 1.36 1.40 1.26 1.11 1.21 1.60 1.60 1.45 1.84 1.16 0.95
Other Special Charges		 - - - - - - - - 0.00 1.11 0.36
Income Tax Expense		 3.91 2.31 -0.90 1.17 1.45 4.79 4.81 1.43 1.95 1.09 4.28
Basic Earnings per Share		 $2.71 $2.13 $0.97 $2.17 $2.11 $3.72 $3.27 $1.71 $2.03 $2.15 $3.09
Diluted Earnings per Share		 $2.64 $2.10 $0.96 $2.17 $2.10 $3.72 $3.26 $1.71 $2.03 $2.15 $3.07
Cash Dividends to Common per Share		 $0.72 $0.76 - - - - - - $0.73 $0.76 $0.80

Quarterly Income Statements for Landmark Bancorp

This table shows Landmark Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 2.88 2.64 2.78 3.01 3.93 3.28 4.70 4.40 4.93 4.74 5.07
Consolidated Net Income / (Loss)		 2.88 2.64 2.78 3.01 3.93 3.28 4.70 4.40 4.93 4.74 5.07
Net Income / (Loss) Continuing Operations		 2.88 2.64 2.78 3.01 3.93 3.28 4.70 4.40 4.93 4.74 5.07
Total Pre-Tax Income 		3.55 2.53 3.30 3.60 4.80 2.40 5.72 5.35 6.06 5.93 6.32
Total Revenue		 14 13 14 15 16 16 16 17 18 19 19
Net Interest Income / (Expense)		 11 11 11 11 12 12 13 14 14 15 15
Total Interest Income		 17 17 18 18 19 19 19 20 21 21 20
Loans and Leases Interest Income		 14 14 14 15 16 16 16 17 18 18 17
Investment Securities Interest Income		 3.22 3.21 3.19 3.12 3.05 2.95 2.90 2.86 2.90 2.91 2.93
Deposits and Money Market Investments Interest Income		 0.05 0.05 0.06 0.04 0.04 0.05 0.05 0.05 0.06 0.07 0.06
Total Interest Expense		 6.17 6.60 7.00 7.21 7.42 6.55 6.22 6.42 6.65 6.05 5.23
Deposits Interest Expense		 4.38 4.88 5.46 5.67 5.83 5.35 5.24 5.14 5.41 5.14 4.61
Long-Term Debt Interest Expense		 1.25 1.20 1.02 1.03 1.10 0.74 0.57 0.86 0.86 0.55 0.28
Federal Funds Purchased and Securities Sold Interest Expense		 0.12 0.10 0.11 0.09 0.07 0.08 0.07 0.05 0.02 0.02 0.02
Other Interest Expense		 0.42 0.42 0.41 0.42 0.42 0.39 0.36 0.36 0.36 0.34 0.32
Total Non-Interest Income		 3.65 2.25 3.40 3.72 4.25 3.37 3.36 3.63 4.07 3.90 3.76
Other Service Charges		 2.93 3.00 2.64 2.82 3.30 2.90 2.53 2.61 2.84 2.79 2.51
Net Realized & Unrealized Capital Gains on Investments		 0.49 -0.99 0.51 0.65 0.70 -0.51 0.56 0.74 0.95 0.82 0.89
Other Non-Interest Income		 0.23 0.24 0.25 0.25 0.25 0.98 0.27 0.28 0.28 0.29 0.37
Provision for Credit Losses		 0.00 0.05 0.30 0.00 0.50 1.50 0.00 1.00 0.85 0.50 0.57
Total Non-Interest Expense		 11 11 11 11 11 12 11 11 11 12 12
Salaries and Employee Benefits		 5.81 5.76 5.53 5.50 5.80 6.26 6.15 6.23 6.30 6.82 6.32
Net Occupancy & Equipment Expense		 1.83 1.89 1.87 1.79 1.89 2.00 1.65 1.87 1.84 1.84 2.00
Other Operating Expenses		 2.61 2.48 2.74 3.55 2.61 3.37 2.72 2.62 2.86 3.03 3.34
Amortization Expense		 0.47 0.44 0.41 0.26 0.26 0.24 0.24 0.24 0.25 0.22 0.23
Income Tax Expense		 0.67 -0.11 0.52 0.59 0.87 -0.89 1.02 0.94 1.13 1.19 1.25
Basic Earnings per Share		 $0.53 $0.28 $0.48 $0.52 $0.68 $0.48 $0.77 $0.76 $0.85 $0.67 $0.83
Weighted Average Basic Shares Outstanding		 5.22M 5.47M 5.47M 5.50M 5.50M 5.78M 5.78M 5.78M 5.79M 0.00 6.10M
Diluted Earnings per Share		 $0.52 $0.29 $0.48 $0.52 $0.68 $0.48 $0.77 $0.75 $0.85 $0.66 $0.83
Weighted Average Diluted Shares Outstanding		 5.22M 5.47M 5.47M 5.50M 5.50M 5.78M 5.78M 5.78M 5.79M 0.00 6.10M
Weighted Average Basic & Diluted Shares Outstanding		 5.22M 5.47M 5.47M 5.50M 5.50M 5.78M 5.78M 5.78M 5.79M 0.00 6.10M
Cash Dividends to Common per Share		 $0.20 - $0.20 $0.20 $0.20 - $0.20 $0.21 $0.21 - $0.21

Annual Cash Flow Statements for Landmark Bancorp

This table details how cash moves in and out of Landmark Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 0.81 6.43 -3.41 2.53 -5.42 71 104 -166 3.95 -6.83 0.71
Net Cash From Operating Activities		 7.04 19 3.06 21 9.11 15 31 25 13 14 22
Net Cash From Continuing Operating Activities		 7.04 19 3.06 21 9.11 15 31 25 13 14 22
Net Income / (Loss) Continuing Operations		 11 8.96 4.37 10 11 19 18 9.88 12 13 19
Consolidated Net Income / (Loss)		 11 8.96 4.37 10 11 19 18 9.88 12 13 19
Provision For Loan Losses		 -0.69 0.53 0.66 1.41 1.43 3.32 0.55 0.35 0.35 2.30 2.35
Depreciation Expense		 1.16 1.14 1.03 1.01 1.02 0.99 1.00 1.13 1.27 1.34 1.28
Amortization Expense		 2.55 3.13 3.16 2.98 2.84 2.75 3.68 2.93 1.09 0.02 -0.04
Non-Cash Adjustments to Reconcile Net Income		 -3.63 8.95 -1.79 1.84 -5.23 -13 8.05 0.34 2.31 -2.57 -2.73
Changes in Operating Assets and Liabilities, net		 -2.86 -3.70 -4.38 3.59 -1.61 1.23 -0.13 10 -4.65 0.15 2.00
Net Cash From Investing Activities		 -8.37 -40 -21 -64 -7.76 -105 -56 -197 -51 -18 -21
Net Cash From Continuing Investing Activities		 -8.37 -40 -21 -64 -7.76 -105 -56 -197 -51 -18 -21
Purchase of Property, Leasehold Improvements and Equipment		 -1.22 -0.60 -1.45 -1.31 -1.04 -0.36 -1.32 -0.88 -1.00 -2.32 -0.61
Purchase of Investment Securities		 -107 -102 -103 -149 -104 -222 -134 -307 -136 -141 -129
Sale of Property, Leasehold Improvements and Equipment		 0.57 - - - - - - - 0.01 4.70 0.41
Sale and/or Maturity of Investments		 99 62 83 87 91 121 81 112 87 121 108
Other Investing Activities, net		 - - - - 5.89 -3.56 -1.92 -1.73 -0.10 -0.10 0.00
Net Cash From Financing Activities		 2.14 28 15 45 -6.77 161 130 6.32 42 -2.96 0.44
Net Cash From Continuing Financing Activities		 2.14 28 15 45 -6.77 161 130 6.32 42 -2.96 0.44
Net Change in Deposits		 10 27 24 58 11 181 132 1.76 16 13 60
Issuance of Debt		 331 418 623 637 433 162 0.00 337 728 779 840
Repayment of Debt		 -337 -416 -630 -647 -447 -165 0.00 -327 -680 -790 -882
Repurchase of Common Equity		 - - - 0.00 0.00 -2.35 0.00 -1.24 -0.08 -0.34 0.00
Payment of Dividends		 -2.55 -2.91 -3.11 -3.33 -3.51 -3.63 -3.82 -4.20 -4.39 -4.61 -4.86
Other Financing Activities, Net		 0.59 1.80 0.23 0.53 0.04 -11 1.05 0.00 -17 0.00 -12
Cash Interest Paid		 3.09 3.02 3.38 5.03 6.80 3.01 1.55 4.03 20 28 25
Cash Income Taxes Paid		 3.39 0.95 0.85 -1.36 0.72 4.14 4.46 1.10 0.06 0.83 3.42

Quarterly Cash Flow Statements for Landmark Bancorp

This table details how cash moves in and out of Landmark Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 3.78 3.28 -11 7.42 -2.68 -0.94 1.61 3.16 -1.09 -2.97 11
Net Cash From Operating Activities		 6.13 1.23 2.85 4.38 8.10 -1.09 8.02 0.44 10 2.87 6.83
Net Cash From Continuing Operating Activities		 6.13 1.23 2.85 4.38 8.10 -1.09 8.02 0.44 10 2.87 6.83
Net Income / (Loss) Continuing Operations		 2.88 2.64 2.78 3.01 3.93 3.28 4.70 4.40 4.93 4.74 5.07
Consolidated Net Income / (Loss)		 2.88 2.64 2.78 3.01 3.93 3.28 4.70 4.40 4.93 4.74 5.07
Provision For Loan Losses		 - 0.05 0.43 0.95 0.53 1.50 0.00 1.00 0.85 0.50 0.57
Depreciation Expense		 0.32 0.33 0.32 0.33 0.34 0.35 0.32 0.32 0.32 0.33 0.33
Amortization Expense		 0.52 -0.54 0.51 0.21 0.19 0.15 0.20 0.20 0.21 -0.64 0.05
Non-Cash Adjustments to Reconcile Net Income		 1.09 3.22 -2.16 -0.75 -0.95 -0.86 -0.40 -2.80 0.48 -0.02 1.17
Changes in Operating Assets and Liabilities, net		 1.33 -4.47 0.97 0.63 4.07 -5.51 3.20 -2.68 3.52 -2.04 -0.36
Net Cash From Investing Activities		 -25 13 -2.67 -2.15 3.92 -17 -0.42 -40 7.25 12 14
Net Cash From Continuing Investing Activities		 -25 13 -2.67 -2.15 3.92 -17 -0.42 -40 7.25 12 14
Purchase of Property, Leasehold Improvements and Equipment		 -0.20 -0.48 -1.31 -0.62 -0.29 -0.11 -0.05 -0.09 -0.25 -0.22 -0.12
Purchase of Investment Securities		 -47 -20 -21 -23 -24 -73 -5.60 -61 -13 -27 -19
Sale and/or Maturity of Investments		 20 37 20 21 28 56 5.23 22 20 39 33
Net Cash From Financing Activities		 23 -11 -11 5.19 -15 17 -5.99 43 -19 -18 -10
Net Cash From Continuing Financing Activities		 23 -11 -11 5.19 -15 17 -5.99 43 -19 -18 -10
Net Change in Deposits		 27 8.22 -23 -43 25 53 7.06 -62 52 63 -66
Issuance of Debt		 168 167 205 226 165 183 205 317 175 143 185
Repayment of Debt		 -155 -185 -195 -169 -204 -221 -209 -211 -240 -223 -129
Payment of Dividends		 -1.10 -1.10 -1.15 -1.15 -1.16 -1.16 -1.21 -1.21 -1.22 -1.22 -1.28
Other Financing Activities, Net		 -17 0.12 3.18 -7.15 0.78 3.19 -7.55 -0.43 -4.41 0.08 0.76
Cash Interest Paid		 5.79 6.21 7.06 6.90 7.42 6.95 6.46 6.37 6.55 5.92 5.30

Annual Balance Sheets for Landmark Bancorp

This table presents Landmark Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 878 911 929 986 998 1,188 1,329 1,503 1,562 1,574 1,607
Cash and Due from Banks		 14 20 17 19 14 85 189 23 27 20 21
Interest Bearing Deposits at Other Banks		 - - - - - 5.46 7.38 9.08 4.92 4.11 3.22
Trading Account Securities		 372 391 395 393 371 312 386 495 457 380 357
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 841 938 1,039 1,098
Premises and Equipment, Net		 21 20 21 21 21 20 21 24 20 20 19
Mortgage Servicing Rights		 - - - - 2.45 3.73 4.19 3.81 3.16 3.06 3.19
Goodwill		 18 18 18 18 18 18 18 32 32 32 32
Intangible Assets		 4.30 3.99 3.66 3.09 0.38 0.21 0.08 4.01 3.24 2.58 1.99
Other Assets		 450 458 476 42 40 41 51 70 76 73 70
Total Liabilities & Shareholders' Equity		 878 911 929 986 998 1,188 1,329 1,503 1,562 1,574 1,607
Total Liabilities		 798 826 842 894 890 1,061 1,193 1,391 1,435 1,438 1,446
Non-Interest Bearing Deposits		 144 152 160 168 183 265 350 410 367 352 365
Interest Bearing Deposits		 571 590 605 655 652 751 798 891 949 977 1,024
Short-Term Debt		 12 12 14 15 - - 7.40 29 13 14 1.50
Other Short-Term Payables		 12 12 9.68 13 - - 16 23 19 21 23
Long-Term Debt		 59 60 53 42 42 28 22 39 86 75 32
Total Equity & Noncontrolling Interests		 81 85 88 92 109 127 136 111 127 136 161
Total Preferred & Common Equity		 81 85 88 92 109 127 136 111 127 136 161
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 81 85 88 92 109 127 136 111 127 136 161
Common Stock		 45 52 58 64 69 72 79 84 89 95 103
Retained Earnings		 33 34 30 32 34 45 53 52 54 57 64
Accumulated Other Comprehensive Income / (Loss)		 2.18 -1.35 -0.41 -3.99 5.24 9.45 3.88 -25 -17 -16 -5.69

Quarterly Balance Sheets for Landmark Bancorp

This table presents Landmark Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 1,558 1,553 1,561 1,564 1,579 1,625 1,617 1,606
Cash and Due from Banks		 24 16 24 21 22 25 24 32
Interest Bearing Deposits at Other Banks		 5.90 4.92 4.88 4.36 3.97 3.46 3.22 2.97
Trading Account Securities		 462 444 427 418 363 361 357 349
Loans and Leases, Net of Allowance		 0.00 953 969 990 1,062 1,103 1,105 1,085
Premises and Equipment, Net		 24 21 21 21 20 20 19 19
Mortgage Servicing Rights		 3.37 2.98 3.00 3.04 3.05 3.08 3.12 3.22
Goodwill		 32 32 32 32 32 32 32 32
Intangible Assets		 3.41 3.07 2.90 2.73 2.43 2.28 2.12 1.86
Other Assets		 76 77 77 71 71 75 70 80
Total Liabilities & Shareholders' Equity		 1,558 1,553 1,561 1,564 1,579 1,625 1,617 1,606
Total Liabilities		 1,448 1,427 1,433 1,424 1,436 1,476 1,461 1,444
Non-Interest Bearing Deposits		 395 364 361 360 368 352 366 368
Interest Bearing Deposits		 913 929 890 915 967 922 960 955
Short-Term Debt		 13 16 8.75 9.53 6.26 5.83 1.42 2.26
Other Short-Term Payables		 23 21 20 25 23 20 22 31
Long-Term Debt		 104 96 153 114 70 177 112 89
Total Equity & Noncontrolling Interests		 110 127 128 140 143 148 156 162
Total Preferred & Common Equity		 110 127 128 140 143 148 156 162
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Total Common Equity		 110 127 128 140 143 148 156 162
Common Stock		 85 89 90 90 95 95 95 103
Retained Earnings		 57 56 58 61 60 64 67 67
Accumulated Other Comprehensive Income / (Loss)		 -32 -18 -19 -10 -13 -11 -6.99 -8.57

Annual Metrics And Ratios for Landmark Bancorp

This table displays calculated financial ratios and metrics derived from Landmark Bancorp's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 3,341,184.00 3,674,261.00 3,873,781.00 4,162,779.00 4,376,532.00 4,510,988.00 4,759,890.00 4,966,884.00 5,220,767.00 - 5,790,579.00
DEI Adjusted Shares Outstanding		 3,341,184.00 3,674,261.00 3,873,781.00 4,162,779.00 4,376,532.00 4,510,988.00 4,759,890.00 4,966,884.00 5,220,767.00 - 5,790,579.00
DEI Earnings Per Adjusted Shares Outstanding		 3.14 2.44 1.13 2.50 2.44 4.32 3.78 1.99 2.34 - 3.24
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 8.03% -4.75% 1.25% 4.73% 6.47% 38.30% -5.11% -13.21% 7.50% 6.98% 16.82%
EBITDA Growth		 21.57% -14.24% -50.74% 103.32% 2.56% 75.43% -1.86% -44.11% 7.68% -6.08% 57.31%
EBIT Growth		 30.20% -21.81% -69.21% 233.93% 4.49% 100.41% -5.99% -50.45% 25.46% -0.71% 63.62%
NOPAT Growth		 30.53% -14.71% -51.24% 138.64% 2.26% 82.83% -7.60% -45.16% 23.87% 6.27% 44.39%
Net Income Growth		 30.53% -14.71% -51.24% 138.64% 2.26% 82.83% -7.60% -45.16% 23.87% 6.27% 44.39%
EPS Growth		 22.22% -20.45% -54.29% 126.04% -3.23% 77.14% -12.37% -47.55% 18.71% 6.10% 42.79%
Operating Cash Flow Growth		 -18.85% 170.20% -83.93% 594.96% -57.12% 62.62% 110.39% -20.47% -49.14% 12.95% 51.97%
Free Cash Flow Firm Growth		 185.79% -68.26% 236.23% 98.73% -45.38% 80.32% -48.68% -163.82% -565.60% 141.81% 245.51%
Invested Capital Growth		 2.05% 4.36% -2.28% -3.51% 1.35% 2.58% 6.47% 9.10% 25.74% -0.54% -13.51%
Revenue Q/Q Growth		 1.27% -2.09% 0.70% 1.06% 3.36% 8.39% -5.07% 1.87% -2.68% 4.55% 4.31%
EBITDA Q/Q Growth		 1.97% -4.88% 2.56% -2.10% 5.91% 14.16% -7.61% -19.49% 3.70% -2.53% 12.60%
EBIT Q/Q Growth		 2.55% -7.21% 5.89% -2.13% 8.12% 16.62% -10.11% -23.31% 14.36% -0.93% 18.09%
NOPAT Q/Q Growth		 4.84% -5.26% 8.87% 0.19% 8.18% 13.61% -12.00% -16.38% 13.20% 5.20% 8.42%
Net Income Q/Q Growth		 4.84% -5.26% 8.87% 0.19% 8.18% 13.61% -12.00% -16.38% 13.20% 5.20% 8.42%
EPS Q/Q Growth		 2.33% -5.83% 21.52% -6.06% 7.69% 8.77% -13.53% -11.86% 12.78% 4.15% 2.68%
Operating Cash Flow Q/Q Growth		 -52.96% 59.36% 37.66% 35.03% -0.42% -10.56% -9.35% 25.87% -41.77% -14.04% 22.39%
Free Cash Flow Firm Q/Q Growth		 16,877.27% 168.47% 296.06% 29.94% -72.29% 146.29% -72.56% 88.19% -1,303.79% 158.79% 348.57%
Invested Capital Q/Q Growth		 -7.41% -10.46% -16.33% -18.48% -6.43% -10.06% 0.87% -17.72% -0.19% -14.53% -27.83%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 42.24% 38.03% 18.50% 35.92% 34.60% 43.89% 45.40% 29.23% 29.28% 27.25% 34.39%
EBIT Margin		 33.59% 27.57% 8.39% 26.74% 26.24% 38.03% 37.68% 21.51% 25.11% 23.30% 32.64%
Profit (Net Income) Margin		 24.47% 21.92% 10.55% 24.05% 23.10% 30.53% 29.73% 18.79% 21.65% 21.50% 26.58%
Tax Burden Percent		 72.86% 79.48% 125.84% 89.93% 88.01% 80.28% 78.91% 87.34% 86.23% 92.29% 81.44%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 27.14% 20.52% -25.84% 10.07% 11.99% 19.72% 21.09% 12.66% 13.77% 7.71% 18.56%
Return on Invested Capital (ROIC)		 7.02% 5.80% 2.80% 6.88% 7.12% 12.76% 11.28% 5.74% 6.03% 5.77% 8.96%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.02% 5.80% 2.80% 6.88% 7.12% 12.76% 11.28% 5.74% 6.03% 5.77% 8.96%
Return on Net Nonoperating Assets (RNNOA)		 6.79% 5.03% 2.26% 4.73% 3.52% 3.81% 2.45% 2.26% 4.23% 4.11% 3.69%
Return on Equity (ROE)		 13.80% 10.83% 5.06% 11.62% 10.64% 16.57% 13.73% 8.00% 10.27% 9.88% 12.65%
Cash Return on Invested Capital (CROIC)		 4.99% 1.53% 5.11% 10.46% 5.78% 10.22% 5.01% -2.97% -16.77% 6.31% 23.45%
Operating Return on Assets (OROA)		 1.66% 1.26% 0.38% 1.21% 1.22% 2.22% 1.81% 0.80% 0.93% 0.90% 1.45%
Return on Assets (ROA)		 1.21% 1.00% 0.47% 1.09% 1.07% 1.78% 1.43% 0.70% 0.80% 0.83% 1.18%
Return on Common Equity (ROCE)		 13.80% 10.83% 5.06% 11.62% 10.64% 16.57% 13.73% 8.00% 10.27% 9.88% 12.65%
Return on Equity Simple (ROE_SIMPLE)		 13.04% 10.55% 4.99% 11.34% 9.82% 15.39% 13.28% 8.86% 9.64% 9.55% 11.69%
Net Operating Profit after Tax (NOPAT)		 11 8.96 4.37 10 11 19 18 9.88 12 13 19
NOPAT Margin		 24.47% 21.92% 10.55% 24.05% 23.10% 30.53% 29.73% 18.79% 21.65% 21.50% 26.58%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 50.07% 52.92% 51.73% 51.87% 51.79% 42.17% 44.00% 51.55% 53.41% 50.70% 46.30%
Operating Expenses to Revenue		 68.04% 71.20% 90.53% 70.03% 70.72% 56.80% 61.50% 78.49% 74.28% 72.90% 64.04%
Earnings before Interest and Taxes (EBIT)		 14 11 3.47 12 12 24 23 11 14 14 23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 18 16 7.66 16 16 28 28 15 17 16 24
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.48 0.58 0.66 0.59 0.61 0.53 0.72 0.78 0.68 0.96 0.94
Price to Tangible Book Value (P/TBV)		 0.66 0.78 0.87 0.75 0.73 0.62 0.82 1.15 0.95 1.29 1.19
Price to Revenue (P/Rev)		 0.90 1.20 1.40 1.24 1.44 1.06 1.60 1.65 1.53 2.17 2.13
Price to Earnings (P/E)		 3.69 5.49 13.25 5.16 6.22 3.47 5.39 8.77 7.07 10.07 8.02
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 10.70% 8.52% 8.55%
Earnings Yield		 27.13% 18.20% 7.55% 19.38% 16.07% 28.78% 18.56% 11.40% 14.14% 9.93% 12.48%
Enterprise Value to Invested Capital (EV/IC)		 0.63 0.65 0.70 0.62 0.63 0.04 0.00 0.68 0.68 0.87 0.82
Enterprise Value to Revenue (EV/Rev)		 2.23 2.50 2.61 2.11 2.05 0.09 0.00 2.33 2.72 3.23 2.27
Enterprise Value to EBITDA (EV/EBITDA)		 5.28 6.57 14.09 5.88 5.94 0.20 0.00 7.98 9.28 11.84 6.59
Enterprise Value to EBIT (EV/EBIT)		 6.64 9.06 31.08 7.90 7.83 0.23 0.00 10.84 10.82 13.85 6.94
Enterprise Value to NOPAT (EV/NOPAT)		 9.12 11.39 24.70 8.78 8.89 0.28 0.00 12.42 12.55 15.00 8.52
Enterprise Value to Operating Cash Flow (EV/OCF)		 13.61 5.37 35.31 4.31 10.41 0.37 0.00 4.95 12.18 13.70 7.40
Enterprise Value to Free Cash Flow (EV/FCFF)		 12.83 43.06 13.54 5.78 10.96 0.35 0.00 0.00 0.00 13.72 3.26
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.88 0.86 0.76 0.62 0.39 0.22 0.21 0.61 0.78 0.65 0.21
Long-Term Debt to Equity		 0.73 0.71 0.61 0.45 0.39 0.22 0.16 0.35 0.68 0.55 0.20
Financial Leverage		 0.97 0.87 0.81 0.69 0.49 0.30 0.22 0.39 0.70 0.71 0.41
Leverage Ratio		 11.44 10.81 10.67 10.67 9.90 9.29 9.60 11.46 12.86 11.92 10.72
Compound Leverage Factor		 11.44 10.81 10.67 10.67 9.90 9.29 9.60 11.46 12.86 11.92 10.72
Debt to Total Capital		 46.72% 46.17% 43.18% 38.24% 27.98% 18.11% 17.64% 37.98% 43.83% 39.38% 17.35%
Short-Term Debt to Total Capital		 7.92% 7.91% 8.76% 10.25% 0.00% 0.00% 4.49% 16.36% 5.63% 6.14% 0.77%
Long-Term Debt to Total Capital		 38.81% 38.26% 34.42% 27.99% 27.98% 18.11% 13.15% 21.62% 38.20% 33.24% 16.58%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 53.28% 53.83% 56.82% 61.76% 72.02% 81.89% 82.36% 62.02% 56.17% 60.62% 82.65%
Debt to EBITDA		 3.90 4.69 8.69 3.65 2.64 1.00 1.06 4.44 5.98 5.37 1.39
Net Debt to EBITDA		 3.15 3.40 6.53 2.43 1.78 -2.22 -6.09 2.34 4.05 3.89 0.39
Long-Term Debt to EBITDA		 3.24 3.88 6.93 2.67 2.64 1.00 0.79 2.53 5.22 4.53 1.33
Debt to NOPAT		 6.73 8.13 15.24 5.46 3.96 1.44 1.61 6.91 8.09 6.81 1.80
Net Debt to NOPAT		 5.43 5.90 11.45 3.62 2.67 -3.19 -9.30 3.65 5.48 4.93 0.51
Long-Term Debt to NOPAT		 5.59 6.74 12.15 3.99 3.96 1.44 1.20 3.93 7.05 5.74 1.72
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 7.47 2.37 7.97 16 8.65 16 8.01 -5.11 -34 14 49
Operating Cash Flow to CapEx		 1,077.79% 3,190.77% 210.90% 1,623.70% 877.36% 4,125.35% 2,353.40% 2,828.77% 1,275.71% 613.62% 10,871.36%
Free Cash Flow to Firm to Interest Expense		 2.42 0.74 2.22 2.95 1.28 5.64 5.32 -1.18 -1.59 0.50 1.94
Operating Cash Flow to Interest Expense		 2.28 5.96 0.85 3.96 1.35 5.35 20.69 5.70 0.59 0.51 0.85
Operating Cash Flow Less CapEx to Interest Expense		 2.07 5.77 0.45 3.71 1.19 5.22 19.81 5.50 0.54 0.42 0.85
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.05 0.05 0.05 0.05 0.05 0.06 0.05 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 2.05 1.98 2.01 2.07 2.18 3.07 2.93 2.33 2.57 3.03 3.57
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 151 158 154 149 151 155 165 180 226 225 194
Invested Capital Turnover		 0.29 0.26 0.27 0.29 0.31 0.42 0.38 0.31 0.28 0.27 0.34
Increase / (Decrease) in Invested Capital		 3.04 6.59 -3.60 -5.42 2.01 3.89 10 15 46 -1.22 -30
Enterprise Value (EV)		 96 102 108 92 95 5.47 -71 123 154 195 160
Market Capitalization		 39 49 58 54 66 68 97 87 87 131 150
Book Value per Share		 $24.11 $23.12 $22.62 $22.08 $24.82 $28.08 $28.50 $22.44 $24.31 $24.76 $27.74
Tangible Book Value per Share		 $17.58 $17.26 $17.15 $17.12 $20.72 $24.15 $24.80 $15.15 $17.49 $18.41 $21.81
Total Capital		 151 158 154 149 151 155 165 180 226 225 194
Total Debt		 71 73 67 57 42 28 29 68 99 89 34
Total Long-Term Debt		 59 60 53 42 42 28 22 39 86 75 32
Net Debt		 57 53 50 38 29 -62 -168 36 67 64 9.52
Capital Expenditures (CapEx)		 0.65 0.60 1.45 1.31 1.04 0.36 1.32 0.88 0.99 2.32 0.20
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 71 73 67 57 42 28 29 68 99 89 34
Total Depreciation and Amortization (D&A)		 3.71 4.28 4.19 3.98 3.86 3.74 4.68 4.06 2.36 2.39 1.24
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.00 $2.35 $1.07 $2.40 $2.32 $4.10 $3.61 $1.89 $2.23 $2.26 $3.09
Adjusted Weighted Average Basic Shares Outstanding		 3.57M 3.87M 4.10M 4.37M 4.52M 4.75M 5.00M 5.21M 5.47M 5.78M 0.00
Adjusted Diluted Earnings per Share		 $2.91 $2.31 $1.06 $2.39 $2.31 $4.10 $3.60 $1.88 $2.23 $2.26 $3.07
Adjusted Weighted Average Diluted Shares Outstanding		 3.57M 3.87M 4.10M 4.37M 4.52M 4.75M 5.00M 5.21M 5.47M 5.78M 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $2.32 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 3.57M 3.87M 4.10M 4.37M 4.52M 4.75M 5.00M 5.21M 5.47M 5.78M 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 11 8.96 2.43 10 11 19 18 13 12 13 19
Normalized NOPAT Margin		 24.47% 21.92% 5.87% 24.05% 23.10% 30.53% 29.73% 24.43% 21.65% 21.50% 26.99%
Pre Tax Income Margin		 33.59% 27.57% 8.39% 26.74% 26.24% 38.03% 37.68% 21.51% 25.11% 23.30% 32.64%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 4.68 3.53 0.97 2.16 1.79 8.77 15.16 2.60 0.66 0.50 0.91
NOPAT to Interest Expense		 3.41 2.81 1.22 1.94 1.58 7.04 11.96 2.27 0.57 0.46 0.74
EBIT Less CapEx to Interest Expense		 4.47 3.35 0.56 1.92 1.64 8.64 14.28 2.40 0.62 0.42 0.90
NOPAT Less CapEx to Interest Expense		 3.20 2.62 0.81 1.70 1.42 6.91 11.08 2.07 0.53 0.38 0.73
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 24.24% 32.50% 71.14% 31.89% 32.90% 18.64% 21.20% 42.50% 35.88% 35.47% 25.89%
Augmented Payout Ratio		 24.24% 32.50% 71.14% 31.89% 32.90% 30.69% 21.20% 55.04% 36.49% 38.07% 25.89%

Quarterly Metrics And Ratios for Landmark Bancorp

This table displays calculated financial ratios and metrics derived from Landmark Bancorp's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 5,220,767.00 5,220,767.00 5,468,867.00 5,473,867.00 5,502,408.00 - 5,782,259.00 5,783,079.00 5,783,312.00 5,790,579.00 5,790,579.00
DEI Adjusted Shares Outstanding		 5,220,767.00 5,220,767.00 5,468,867.00 5,473,867.00 5,502,408.00 - 5,782,259.00 5,783,079.00 5,783,312.00 5,790,579.00 5,790,579.00
DEI Earnings Per Adjusted Shares Outstanding		 0.55 0.51 0.51 0.55 0.71 - 0.81 0.76 0.85 0.82 0.87
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 10.00% -10.60% -2.04% 0.22% 11.06% 20.02% 16.47% 17.80% 14.54% 18.50% 14.02%
EBITDA Growth		 12.53% 34.08% -16.12% -15.87% 21.24% -12.87% 51.03% 41.78% 23.72% 202.26% 7.46%
EBIT Growth		 17.44% 238.87% -18.62% -11.42% 35.19% -5.22% 73.42% 48.60% 26.32% 147.41% 10.55%
NOPAT Growth		 15.12% 117.74% -17.25% -10.41% 36.59% 24.37% 69.22% 46.22% 25.41% 44.42% 7.76%
Net Income Growth		 15.12% 117.74% -17.25% -10.41% 36.59% 24.37% 69.22% 46.22% 25.41% 44.42% 7.76%
EPS Growth		 8.33% 383.33% -21.31% -14.75% 30.77% 23.08% 60.42% 44.23% 25.00% 40.43% 7.79%
Operating Cash Flow Growth		 -31.64% -87.99% -17.34% 144.82% 32.08% -188.49% 181.23% -89.97% 27.26% 362.45% -14.88%
Free Cash Flow Firm Growth		 90.30% -216.59% 40.01% 44.36% -539.02% 110.32% 180.41% 26.08% 95.61% 679.70% -215.99%
Invested Capital Growth		 3.66% 25.74% 16.03% 22.11% 16.15% -0.54% -8.21% 14.13% 2.42% -13.51% 15.17%
Revenue Q/Q Growth		 -2.62% -7.97% 7.66% 3.87% 7.91% -0.55% 4.48% 5.05% 4.93% 2.90% 0.53%
EBITDA Q/Q Growth		 -10.62% -47.06% 24.38% 0.17% 28.81% -45.71% 235.83% -5.97% 12.40% -14.85% 19.39%
EBIT Q/Q Growth		 -12.65% -28.77% 30.38% 9.19% 33.31% -50.06% 138.56% -6.44% 13.33% -2.19% 6.60%
NOPAT Q/Q Growth		 -14.40% -8.30% 5.27% 8.42% 30.51% -16.51% 43.24% -6.32% 11.94% -3.85% 6.88%
Net Income Q/Q Growth		 -14.40% -8.30% 5.27% 8.42% 30.51% -16.51% 43.24% -6.32% 11.94% -3.85% 6.88%
EPS Q/Q Growth		 -14.75% -44.23% 23.08% 8.33% 30.77% -33.33% 63.83% -7.41% 13.33% -22.35% 25.76%
Operating Cash Flow Q/Q Growth		 243.26% -79.88% 131.04% 53.45% 85.19% -113.48% 834.25% -94.52% 2,248.75% -72.20% 138.14%
Free Cash Flow Firm Q/Q Growth		 94.26% -754.38% 30.69% -63.69% 34.08% 113.80% 439.84% -250.47% 96.09% 2,553.53% -180.31%
Invested Capital Q/Q Growth		 -4.68% -0.19% 5.75% 21.36% -9.33% -14.53% -2.40% 50.90% -18.64% -27.83% 29.97%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 30.76% 17.69% 29.17% 28.13% 33.58% 18.33% 37.83% 33.86% 36.27% 30.02% 35.65%
EBIT Margin		 24.86% 19.24% 23.30% 24.49% 30.26% 15.19% 34.69% 30.90% 33.37% 31.72% 33.64%
Profit (Net Income) Margin		 20.16% 20.08% 19.64% 20.50% 24.79% 20.81% 28.53% 25.44% 27.14% 25.36% 26.97%
Tax Burden Percent		 81.09% 104.39% 84.28% 83.69% 81.93% 136.98% 82.24% 82.35% 81.34% 79.96% 80.17%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 18.91% -4.39% 15.72% 16.31% 18.07% -36.98% 17.76% 17.65% 18.66% 20.04% 19.83%
Return on Invested Capital (ROIC)		 5.26% 5.60% 4.96% 4.37% 5.86% 5.58% 7.82% 5.36% 6.91% 8.55% 8.34%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.26% 5.60% 4.96% 4.37% 5.86% 5.58% 7.82% 5.36% 6.91% 8.55% 8.34%
Return on Net Nonoperating Assets (RNNOA)		 5.62% 3.93% 4.07% 5.02% 5.64% 3.98% 5.49% 6.67% 5.54% 3.52% 4.59%
Return on Equity (ROE)		 10.89% 9.53% 9.04% 9.39% 11.51% 9.57% 13.31% 12.03% 12.44% 12.07% 12.93%
Cash Return on Invested Capital (CROIC)		 1.27% -16.77% -9.60% -15.62% -9.89% 6.31% 15.07% -7.94% 4.12% 23.45% -5.99%
Operating Return on Assets (OROA)		 0.99% 0.71% 0.85% 0.89% 1.12% 0.59% 1.39% 1.27% 1.42% 1.41% 1.54%
Return on Assets (ROA)		 0.80% 0.74% 0.72% 0.74% 0.92% 0.80% 1.14% 1.04% 1.16% 1.13% 1.24%
Return on Common Equity (ROCE)		 10.89% 9.53% 9.04% 9.39% 11.51% 9.57% 13.31% 12.03% 12.44% 12.07% 12.93%
Return on Equity Simple (ROE_SIMPLE)		 9.87% 0.00% 9.20% 8.82% 8.85% 0.00% 10.46% 11.00% 11.12% 0.00% 11.84%
Net Operating Profit after Tax (NOPAT)		 2.88 2.64 2.78 3.01 3.93 3.28 4.70 4.40 4.93 4.74 5.07
NOPAT Margin		 20.16% 20.08% 19.64% 20.50% 24.79% 20.81% 28.53% 25.44% 27.14% 25.36% 26.97%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 53.52% 58.20% 52.33% 49.61% 48.53% 52.42% 47.35% 46.84% 44.84% 46.31% 44.32%
Operating Expenses to Revenue		 75.14% 80.38% 74.58% 75.51% 66.59% 75.29% 65.31% 63.33% 61.95% 65.60% 63.33%
Earnings before Interest and Taxes (EBIT)		 3.55 2.53 3.30 3.60 4.80 2.40 5.72 5.35 6.06 5.93 6.32
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 4.39 2.33 4.13 4.13 5.33 2.89 6.23 5.86 6.59 5.61 6.70
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.69 0.68 0.71 0.71 0.69 0.96 1.02 0.97 0.94 0.94 0.89
Price to Tangible Book Value (P/TBV)		 1.02 0.95 0.99 0.97 0.93 1.29 1.35 1.26 1.20 1.19 1.13
Price to Revenue (P/Rev)		 1.30 1.53 1.60 1.61 1.67 2.17 2.32 2.19 2.15 2.13 1.97
Price to Earnings (P/E)		 6.98 7.07 7.71 8.01 7.83 10.07 9.75 8.78 8.42 8.02 7.50
Dividend Yield		 5.81% 10.70% 5.11% 5.08% 4.78% 8.52% 8.06% 8.18% 8.87% 8.55% 8.96%
Earnings Yield		 14.32% 14.14% 12.97% 12.48% 12.78% 9.93% 10.26% 11.39% 11.88% 12.48% 13.33%
Enterprise Value to Invested Capital (EV/IC)		 0.72 0.68 0.76 0.77 0.74 0.87 0.90 0.90 0.86 0.82 0.79
Enterprise Value to Revenue (EV/Rev)		 2.80 2.72 3.22 3.97 3.36 3.23 3.13 4.55 3.43 2.27 2.74
Enterprise Value to EBITDA (EV/EBITDA)		 10.19 9.28 10.79 14.00 11.50 11.84 11.19 14.64 10.76 6.59 8.07
Enterprise Value to EBIT (EV/EBIT)		 13.10 10.82 13.45 17.23 13.67 13.85 11.89 16.29 11.90 6.94 8.44
Enterprise Value to NOPAT (EV/NOPAT)		 15.04 12.55 15.51 19.77 15.73 15.00 13.15 18.23 13.41 8.52 10.44
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.51 12.18 15.06 15.32 11.74 13.70 10.12 19.23 13.14 7.40 9.77
Enterprise Value to Free Cash Flow (EV/FCFF)		 57.53 0.00 0.00 0.00 0.00 13.72 5.68 0.00 21.20 3.26 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.07 0.78 0.89 1.26 0.88 0.65 0.54 1.23 0.73 0.21 0.56
Long-Term Debt to Equity		 0.95 0.68 0.76 1.19 0.81 0.55 0.49 1.19 0.72 0.20 0.55
Financial Leverage		 1.07 0.70 0.82 1.15 0.96 0.71 0.70 1.24 0.80 0.41 0.55
Leverage Ratio		 13.55 12.86 12.58 12.62 12.52 11.92 11.63 11.52 10.77 10.72 10.47
Compound Leverage Factor		 13.55 12.86 12.58 12.62 12.52 11.92 11.63 11.52 10.77 10.72 10.47
Debt to Total Capital		 51.60% 43.83% 46.98% 55.77% 46.87% 39.38% 34.96% 55.17% 42.17% 17.35% 36.02%
Short-Term Debt to Total Capital		 5.56% 5.63% 6.65% 3.02% 3.62% 6.14% 2.85% 1.76% 0.53% 0.77% 0.90%
Long-Term Debt to Total Capital		 46.04% 38.20% 40.33% 52.76% 43.25% 33.24% 32.11% 53.41% 41.64% 16.58% 35.12%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 48.40% 56.17% 53.02% 44.23% 53.13% 60.62% 65.04% 44.83% 57.83% 82.65% 63.98%
Debt to EBITDA		 7.32 5.98 6.70 10.13 7.29 5.37 4.37 8.99 5.26 1.39 3.67
Net Debt to EBITDA		 5.46 4.05 5.43 8.32 5.78 3.89 2.90 7.59 4.00 0.39 2.27
Long-Term Debt to EBITDA		 6.53 5.22 5.75 9.58 6.73 4.53 4.01 8.70 5.20 1.33 3.58
Debt to NOPAT		 10.81 8.09 9.63 14.30 9.97 6.81 5.14 11.19 6.56 1.80 4.75
Net Debt to NOPAT		 8.06 5.48 7.80 11.76 7.90 4.93 3.40 9.44 4.99 0.51 2.93
Long-Term Debt to NOPAT		 9.64 7.05 8.27 13.53 9.20 5.74 4.72 10.83 6.48 1.72 4.64
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -5.11 -44 -30 -49 -33 4.50 24 -37 -1.43 35 -28
Operating Cash Flow to CapEx		 3,021.67% 259.79% 218.13% 709.08% 2,793.79% -1,030.19% 16,363.27% 516.47% 4,107.97% 1,302.73% 5,735.29%
Free Cash Flow to Firm to Interest Expense		 -0.83 -6.61 -4.32 -6.87 -4.40 0.69 3.91 -5.70 -0.22 5.81 -5.40
Operating Cash Flow to Interest Expense		 0.99 0.19 0.41 0.61 1.09 -0.17 1.29 0.07 1.55 0.47 1.31
Operating Cash Flow Less CapEx to Interest Expense		 0.96 0.12 0.22 0.52 1.05 -0.18 1.28 0.06 1.51 0.44 1.28
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.05
Fixed Asset Turnover		 2.61 2.57 2.50 2.50 2.58 3.03 3.09 3.22 3.35 3.57 3.74
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 226 226 239 290 263 225 219 331 269 194 253
Invested Capital Turnover		 0.26 0.28 0.25 0.21 0.24 0.27 0.27 0.21 0.25 0.34 0.31
Increase / (Decrease) in Invested Capital		 7.98 46 33 52 37 -1.22 -20 41 6.36 -30 33
Enterprise Value (EV)		 163 154 181 224 194 195 196 297 232 160 200
Market Capitalization		 75 87 90 91 97 131 145 143 146 150 144
Book Value per Share		 $20.98 $24.31 $23.16 $23.43 $25.39 $24.76 $24.67 $25.66 $26.93 $27.74 $27.91
Tangible Book Value per Share		 $14.13 $17.49 $16.68 $16.99 $19.01 $18.41 $18.65 $19.67 $20.96 $21.81 $22.00
Total Capital		 226 226 239 290 263 225 219 331 269 194 253
Total Debt		 117 99 112 162 123 89 77 183 114 34 91
Total Long-Term Debt		 104 86 96 153 114 75 70 177 112 32 89
Net Debt		 87 67 91 133 98 64 51 154 86 9.52 56
Capital Expenditures (CapEx)		 0.20 0.48 1.31 0.62 0.29 0.11 0.05 0.09 0.25 0.22 0.12
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 117 99 112 162 123 89 77 183 114 34 91
Total Depreciation and Amortization (D&A)		 0.84 -0.20 0.83 0.54 0.53 0.50 0.52 0.51 0.53 -0.32 0.38
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.55 $0.28 $0.51 $0.55 $0.72 $0.48 $0.81 $0.76 $0.85 $0.67 $0.83
Adjusted Weighted Average Basic Shares Outstanding		 5.22M 5.47M 5.47M 5.50M 5.50M 5.78M 5.78M 5.78M 5.79M 0.00 6.10M
Adjusted Diluted Earnings per Share		 $0.55 $0.29 $0.51 $0.55 $0.72 $0.48 $0.81 $0.75 $0.85 $0.66 $0.83
Adjusted Weighted Average Diluted Shares Outstanding		 5.22M 5.47M 5.47M 5.50M 5.50M 5.78M 5.78M 5.78M 5.79M 0.00 6.10M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 5.22M 5.47M 5.47M 5.50M 5.50M 5.78M 5.78M 5.78M 5.79M 0.00 6.10M
Normalized Net Operating Profit after Tax (NOPAT)		 2.88 1.77 2.78 3.01 3.93 1.68 4.70 4.40 4.93 4.74 5.07
Normalized NOPAT Margin		 20.16% 13.47% 19.64% 20.50% 24.79% 10.64% 28.53% 25.44% 27.14% 25.36% 26.97%
Pre Tax Income Margin		 24.86% 19.24% 23.30% 24.49% 30.26% 15.19% 34.69% 30.90% 33.37% 31.72% 33.64%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.58 0.38 0.47 0.50 0.65 0.37 0.92 0.83 0.91 0.98 1.21
NOPAT to Interest Expense		 0.47 0.40 0.40 0.42 0.53 0.50 0.76 0.69 0.74 0.78 0.97
EBIT Less CapEx to Interest Expense		 0.54 0.31 0.28 0.41 0.61 0.35 0.91 0.82 0.87 0.94 1.19
NOPAT Less CapEx to Interest Expense		 0.43 0.33 0.21 0.33 0.49 0.48 0.75 0.67 0.70 0.75 0.95
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 40.15% 35.88% 38.11% 39.77% 36.87% 35.47% 31.33% 29.05% 27.72% 25.89% 25.72%
Augmented Payout Ratio		 41.99% 36.49% 40.24% 42.69% 40.07% 38.07% 31.33% 29.56% 27.82% 25.89% 25.72%

Financials Breakdown Chart

Key Financial Trends

Landmark Bancorp’s latest quarter showed solid earnings, but profitability and cash generation were mixed versus recent periods. In Q1 2026, the company earned $5.1 million, up from $4.7 million in Q4 2025 and $4.4 million in Q2 2025. However, net cash from operating activities was $6.8 million, which was stronger than the prior quarter but still uneven compared with the broader 2025 trend.

  • Net income improved year over year. Q1 2026 net income of $5.1 million was above $4.7 million in Q4 2025 and $4.7 million in Q1 2025.
  • Operating cash flow rebounded sharply. Cash from operations was $6.8 million in Q1 2026, up from $2.9 million in Q4 2025 and well above the weak Q2 2025 result of $0.4 million.
  • Revenue remains resilient. Total revenue in Q1 2026 was $18.8 million, slightly ahead of Q4 2025 and higher than Q2 2025.
  • Net interest income stayed strong. Q1 2026 net interest income reached $15.0 million, supported by lending income and a still-healthy spread business.
  • Balance sheet equity increased modestly from late 2025. Total common equity rose to $161.6 million at March 31, 2026 from $155.7 million at September 30, 2025.
  • Loan growth has been steady but not explosive. Net loans and leases increased to $1.085 billion in Q1 2026 from $1.104 billion in Q3 2025, suggesting the portfolio is relatively stable rather than rapidly expanding.
  • Deposit balances remain large but volatile. Deposits fell by $66.2 million in Q1 2026, after rising in late 2025, showing that funding can move materially from quarter to quarter.
  • Funding costs remain elevated. Deposits interest expense was $4.6 million in Q1 2026, keeping pressure on margins even though total interest income was strong.
  • Non-interest expense is still substantial. Salaries, occupancy, and other operating costs totaled nearly $11.9 million in Q1 2026, limiting bottom-line leverage.
  • Cash flow from financing was negative. Q1 2026 financing activities used $10.2 million in cash, reflecting debt repayment and dividend outflows.

Longer-term trend: Landmark Bancorp has generally produced consistent quarterly profits between roughly $2.6 million and $5.1 million over the past four years, with a noticeable improvement in 2025 and early 2026. That said, the company’s quarterly cash flow and deposit trends remain uneven, and interest expense has climbed as the rate environment changed. Investors will likely want to watch whether the recent earnings strength can continue without further pressure on deposits or funding costs.

07/17/26 01:26 PM ETAI Generated. May Contain Errors.

Landmark Bancorp Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Landmark Bancorp's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Landmark Bancorp's net income appears to be on an upward trend, with a most recent value of $18.78 million in 2025, rising from $10.51 million in 2015. The previous period was $13.00 million in 2024. Check out Landmark Bancorp's forecast to explore projected trends and price targets.

Over the last 10 years, Landmark Bancorp's total revenue changed from $42.93 million in 2015 to $70.64 million in 2025, a change of 64.6%.

Landmark Bancorp's total liabilities were at $1.45 billion at the end of 2025, a 0.6% increase from 2024, and a 81.2% increase since 2015.

In the past 10 years, Landmark Bancorp's cash and equivalents has ranged from $13.57 million in 2015 to $189.21 million in 2021, and is currently $20.98 million as of their latest financial filing in 2025.

Over the last 10 years, Landmark Bancorp's book value per share changed from 24.11 in 2015 to 27.74 in 2025, a change of 15.0%.


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Financial statements for NASDAQ:LARK last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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