Q2 2025 Landmark Bancorp Inc Earnings Call Transcript
Key Points
- Landmark Bancorp Inc (LARK) reported a strong net income of $4.4 million for Q2 2025, up from $3 million in the same period last year.
- Diluted earnings per share increased by 56% year-over-year to $0.75.
- The company achieved a return on average assets of 1.11% and a return on average equity of 12.25%.
- Total gross loans increased by $42.9 million or 16% on an annualized basis, contributing to a net interest income growth of 4.3% compared to Q1 2025.
- Landmark Bancorp Inc (LARK) declared a cash dividend of $0.21 per share, marking the 96th consecutive quarterly cash dividend since its formation in 2001.
- Net income decreased from $4.7 million in the prior quarter to $4.4 million in Q2 2025.
- Nonperforming loans increased by $3.7 million, totaling $17 million, primarily due to two commercial real estate credits placed on nonaccrual.
- Deposits decreased by $61.9 million on a linked quarter basis, with declines in interest, checking, and money market deposits.
- Interest income on investment securities decreased slightly due to a decline in average investment securities balances.
- Noninterest expense increased by $200,000 compared to the prior quarter, driven by higher data processing costs and increased losses at the captive insurance subsidiary.
Welcome to the Landmark Bancorp, Inc. Q2 earnings call. My name is Nadia, and I'll be coordinating the call today. (Operator Instructions)
I will now hand over to your host, Abby Wendel, President and Chief Executive Officer, to begin. Abby, please go ahead.
Thanks so much, Nadia. Good morning and thank you for joining our call today to discuss Landmark's earnings and operating results for the second quarter of 2025. As you just heard from the operator, my name is Abby Wendel, President and CEO of Landmark Bancorp. On the call with me to discuss various aspects of our second quarter performance is Mark Herpich, Chief Financial Officer; and Raymond McLanahan, Chief Credit Officer.
As we start, I would like to remind our listeners that some of the information we will be providing today falls under the guidelines for forward-looking statements as defined by the Securities and Exchange Commission. As part of these guidelines, I must point out that any statements made during
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