Strong net income growth and loan …

Appearance date: May 1, 2025

You can find the complete copy of the earnings call in the complete earnings call.

• Landmark Bancorp Inc (Nasdaq: Lark) recorded strong growth of net profit for the first quarter of 2025 of USD $ 2.8 million in the same period of the previous year.

• The diluted result per share rose by 69% in the previous year and reached $ 0.81.

• The company recorded a significant increase in total gross loans by $ 22.6 million or 8.7% on an annual basis, which increased the total loan credit to almost 1.1 billion dollars.

• The net interest income rose by 5.8% compared to the fourth quarter of 2024, with the net interest margin increased by 25 basis points to 3.76%.

• Landmark Bancorp Inc (Nasdaq: Lark) explained a cash dividend of $ 0.21 per share and marked the 95th quarterly cash dividend since the company was founded in 2001.

• The non -interest result decreased by $ 13,000 compared to the previous quarter and decreased by $ 42,000 compared to the first quarter of 2024.

• The interest income for investment values ​​decreased slightly due to a decline in the average weight balance sheet balance sheet balance sheets of $ 31.8 million.

• The remaining amount of the past loans between 30 and 89 days rose by USD 3.8 million in the quarter.

• The deposits for interest and money market decreased by USD 23.5 million in this quarter, which is due to seasonal declines to deposit accounts for public funds.

• The uncertain economic environment, especially the tariffs, causes a general degree of uncertainty and caution among customers.

Q: Can you give an overview of the financial performance of Landmark Bancorp for the first quarter of 2025? A: Abigail Wendel, President and CEO, recorded strong growth of net income that corresponded to $ 4.7 million, compared to USD 2.8 million in the same period of the previous year. The diluted result per share rose by 69% to $ 0.81. The yield of the average assets was 1.21%and the return of the average equity capital was 13.71%. The efficiency relationship improved to 64.1%.

Q: What factors contributed to the increase in net interest income in the quarter? A: Mark Herpich, CFO, said that net interest income has increased by $ 720,000 compared to the fourth quarter of 2024, which is due to higher interest income and lower interest expenses for deposits and loans. The net interest rate span rose by 25 basis points to 3.76%.

Q: How did the Landmark Bancorp loan sports folio appear in the first quarter of 2025? A: Raymond McLanahan, Chief Credit Officer, found that gross loans were used to annual $ 22.6 million or 8.7% and reached almost 1.1 billion US dollars. The growth was primarily in commercial real estate, construction and living mortgage loans.