Landmark Bancorp, Inc. Earnings Recaps
Q2 2026
Aug 1, 2026
Shares declined 1.8% following Landmark Bancorp’s Q2 report as investors digested cautious commentary on deposit outflows, a modest decline in average loans, and rising nonperforming assets, tempering the quarter’s otherwise steady earnings and margin performance.
Key takeaways
- Net income rose modestly to $5.4 million, up from $5.1 million in Q1, supported by higher net interest income and gains on sale of loans.
- Net interest income improved slightly by $57,000 quarter-over-quarter, driven by increased yields on investments and lower funding costs, although average loans declined by $3.2 million.
- Total deposits fell $17.7 million, primarily due to a $28.7 million drop in brokered deposits, partially offset by a $11.0 million increase in core deposits.
- Nonperforming loans increased by $2.7 million to $13.1 million, while net charge-offs inched up to 0.17% of average loans, reflecting some emerging credit pressure.
- Tangible book value per share rose to $21.76, a 16.8% annualized linked quarter increase, while the dividend was maintained at $0.21 per share marking the 100th consecutive quarterly payout.