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Landmark Bancorp, Inc. operates as the financial holding company for Landmark National Bank that provides various financial and banking services to its local communities. It offers non-interest bearing demand, money market, checking, and savings accounts, as well as time deposits, certificates of deposit, and treasury management services. The company also provides one-to-four family residential real estate, construction and land, commercial real estate, commercial, municipal, and agriculture loans; and consumer and other loans, such as automobile, boat, and home improvement and home equity loans, as well as insurance services. In addition, the company invests in certain investment and mortgage-related securities. It operates in the eastern, central, southeast, and southwest Kansas. Landmark Bancorp, Inc. was founded in 1885 and is headquartered in Manhattan, Kansas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $71M | - | $19M | $21M | 11.7% | 16.8% | 44.4% |
| 2024 | $60M | - | $13M | $12M | 9.5% | 7.0% | 6.3% |
| 2023 | $57M | - | $12M | $12M | 9.6% | 7.5% | 23.9% |
| 2022 | $53M | - | $10M | $24M | 8.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 52.58 | 56.52 | 60.47 | 70.64 |
| Pretax Income | 11.31 | 14.19 | 14.09 | 23.05 |
| Tax Provision | 1.43 | 1.95 | 1.09 | 4.28 |
| Net Income | 9.88 | 12.24 | 13 | 18.77 |
| Net Income Common Stockholders | 9.88 | 12.24 | 13 | 18.77 |
| Interest Expense | 4.35 | 21.39 | 28.18 | 25.33 |
| Interest Income | 43.23 | 64.68 | 73.90 | 81.02 |
| Selling General And Administration | 20.41 | 22.68 | 23.10 | 25.51 |
| Normalized Income | 12.85 | 12.24 | 14.03 | 19.06 |
| Basic EPS | 1.63 | 2.03 | 2.15 | 0 |
| Diluted EPS | 1.62 | 2.03 | 2.15 | 0 |
| Tax Effect Of Unusual Items | -0.43 | 0 | -0.09 | -0.07 |
| Tax Rate For Calcs | 0.13 | 0.14 | 0.08 | 0.19 |
| Total Unusual Items | -3.40 | 0 | -1.11 | -0.36 |
| Total Unusual Items Excluding Goodwill | -3.40 | 0 | -1.11 | -0.36 |
| Net Income From Continuing Operation Net Minority Interest | 9.88 | 12.24 | 13 | 18.77 |
| Reconciled Depreciation | 2.58 | 3.11 | 2.50 | 2.23 |
| Net Interest Income | 38.88 | 43.29 | 45.72 | 55.69 |
| Net Income From Continuing And Discontinued Operation | 9.88 | 12.24 | 13 | 18.77 |
| Diluted Average Shares | 6.07 | 6.04 | 6.05 | 0 |
| Basic Average Shares | 6.06 | 6.04 | 6.05 | 0 |
| Diluted NI Availto Com Stockholders | 9.88 | 12.24 | 13 | 18.77 |
| Net Income Including Noncontrolling Interests | 9.88 | 12.24 | 13 | 18.77 |
| Net Income Continuous Operations | 9.88 | 12.24 | 13 | 18.77 |
| Special Income Charges | -3.40 | 0 | -1.11 | -0.36 |
| Write Off | 0 | 0 | 1.11 | 0 |
| Impairment Of Capital Assets | 0 | 0 | 1.11 | 0.36 |
| Restructuring And Mergern Acquisition | 3.40 | 0 | 0 | 0 |
| Gain On Sale Of Security | -1.10 | -1.25 | -1.03 | -0.10 |
| Depreciation Amortization Depletion Income Statement | 1.45 | 1.84 | 1.16 | 0.95 |
| Depreciation And Amortization In Income Statement | 1.45 | 1.84 | 1.16 | 0.95 |
| Amortization | 1.45 | 1.84 | 1.16 | 0.95 |
| Amortization Of Intangibles Income Statement | 1.45 | 1.84 | 1.16 | 0.95 |
| General And Administrative Expense | 20.41 | 22.68 | 23.10 | 25.51 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Salaries And Wages | 20.41 | 22.68 | 23.10 | 25.51 |
| Operating Revenue | 52.58 | 56.52 | 60.47 | 70.64 |
| Occupancy And Equipment | 5.12 | 5.57 | 5.66 | 5.15 |
| Professional Expense And Contract Services Expense | 1.89 | 2.45 | 2.91 | 2.95 |
| Other Non Interest Expense | 9.01 | 9.44 | 10.13 | 10.32 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Landmark Bancorp, Inc.this co. | LARK | $167M | 8.93↓ discount | 1.04 | 11.7% | - |
| First Capital, Inc. | FCAP | $179M | 10.25 | 1.30 | 11.9% | - |
| BCB Bancorp, Inc. | BCBP | $179M | - | 0.63 | -4.1% | - |
| MainStreet Bancshares, Inc. | MNSB | $176M | 11.98 | 0.90 | 7.1% | - |
| BV Financial, Inc. | BVFL | $172M |
| 14.55 |
| 853.91 |
| 7.3% |
| - |
| Finance of America Companies Inc. | FOA | $166M | 4.91 | 0.47 | 11.4% | - |
| SelectQuote, Inc. | SLQT | $163M | - | 0.45 | 8.3% | 14.41 |
| ECB Bancorp, Inc. | ECBK | $159M | 15.62 | 0.90 | 4.5% | - |
| Westwood Holdings Group, Inc. | WHG | $159M | 21.19 | 1.12 | 5.6% | 11.63 |
| Peer Median | - | 13.27 | 0.90 | 7.2% | 13.02 | |