LANDMARK BANCORP INC — Form 8-K
Filed October 28, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Landmark Bancorp reported Q3 2026 diluted EPS of $0.89 vs. $0.88 in Q2 2026 and $0.81 in Q3 2025. Net earnings were $5.5M (up 1.5% QoQ, up 11.4% YoY). Net interest margin expanded to 4.35% (up 13bps QoQ, up 52bps YoY). Deposits decreased $59.0M to $1.2B (decline of 17.9% annualized), driven by public fund outflows of $61.7M and declines in money market/checking accounts ($27.1M). Non-performing loans stood at $12.5M (1.16% of gross loans). Book value per share declined to $26.24 from $27.35 due to $10.9M increase in unrealized investment losses.
Why this rating
Modest earnings growth and margin expansion are positive, but deposit outflows ($59M = 4.7% of company market cap) and equity decline are concerning. Routine quarterly results for a $109.6M market-cap bank; no material event.
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