Declared Dividend • Aug 04
Second quarter dividend of US$0.21 announced Shareholders will receive a dividend of US$0.21. Ex-date: 13th August 2026 Payment date: 27th August 2026 Dividend yield will be 2.6%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 6.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 2.9% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 31
Second quarter 2026 earnings released: EPS: US$0.88 (vs US$0.72 in 2Q 2025) Second quarter 2026 results: EPS: US$0.88 (up from US$0.72 in 2Q 2025). Revenue: US$18.7m (up 14% from 2Q 2025). Net income: US$5.39m (up 22% from 2Q 2025). Profit margin: 29% (up from 27% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 20% per year. New Risk • Jul 30
New major risk - Revenue and earnings growth Earnings have declined by 0.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.5% per year over the past 5 years. Minor Risk Significant insider selling over the past 3 months (US$220k sold). Annonce • Jul 13
Landmark Bancorp, Inc. to Report Q2, 2026 Results on Jul 30, 2026 Landmark Bancorp, Inc. announced that they will report Q2, 2026 results on Jul 30, 2026 Annonce • Apr 17
Landmark Bancorp, Inc. to Report Q1, 2026 Results on Apr 29, 2026 Landmark Bancorp, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 29, 2026 Annonce • Apr 13
Landmark Bancorp, Inc., Annual General Meeting, May 20, 2026 Landmark Bancorp, Inc., Annual General Meeting, May 20, 2026. Location: kansas state university alumni center, 17th and anderson avenue, manhattan, kansas 66506, United States Annonce • Apr 02
Landmark Bancorp, Inc. announced delayed annual 10-K filing On 04/01/2026, Landmark Bancorp, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Annonce • Jan 16
Landmark Bancorp, Inc. to Report Q4, 2025 Results on Jan 28, 2026 Landmark Bancorp, Inc. announced that they will report Q4, 2025 results After-Market on Jan 28, 2026 Annonce • Oct 18
Landmark Bancorp, Inc. to Report Q3, 2025 Results on Oct 29, 2025 Landmark Bancorp, Inc. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Oct 29, 2025 Annonce • Jul 25
Landmark Bancorp, Inc. Declares Cash Dividend, Payable on August 27, 2025 Landmark Bancorp, Inc.'s Board of Directors declared a cash dividend of $0.21 per share, to be paid August 27, 2025, to common stockholders of record as of the close of business on August 13, 2025. Annonce • Jul 11
Landmark Bancorp, Inc. to Report Q2, 2025 Results on Jul 24, 2025 Landmark Bancorp, Inc. announced that they will report Q2, 2025 results After-Market on Jul 24, 2025 Annonce • May 01
Landmark Bancorp, Inc. Approves Cash Dividend, Payable on June 4, 2025 Landmark’s Board of Directors declared a cash dividend of $0.21 per share, to be paid June 4, 2025, to common stockholders of record as of the close of business on May 21, 2025. Annonce • Apr 25
Landmark Bancorp, Inc. to Report Q1, 2025 Results on Apr 30, 2025 Landmark Bancorp, Inc. announced that they will report Q1, 2025 results After-Market on Apr 30, 2025 Annonce • Apr 19
Landmark Bancorp, Inc., Annual General Meeting, May 21, 2025 Landmark Bancorp, Inc., Annual General Meeting, May 21, 2025. Annonce • Jan 30
Landmark Bancorp, Inc. to Report Q4, 2024 Results on Feb 04, 2025 Landmark Bancorp, Inc. announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 04, 2025 Annonce • Oct 31
Landmark Bancorp, Inc. Declares Cash Dividend, Payable on November 27, 2024 Landmark Bancorp, Inc. announced Board of Directors declared a cash dividend of $0.21 per share, to be paid November 27, 2024, to common stockholders of record as of the close of business on November 13, 2024. Annonce • Oct 23
Landmark Bancorp, Inc. to Report Q3, 2024 Results on Oct 30, 2024 Landmark Bancorp, Inc. announced that they will report Q3, 2024 results at 4:00 PM, US Eastern Standard Time on Oct 30, 2024 Annonce • Aug 06
Landmark Bancorp, Inc. Declares Cash Dividend, Payable on September 4, 2024 Landmark Bancorp, Inc.’s board of directors declared a cash dividend of $0.21 per share, to be paid September 4, 2024, to common stockholders of record as of the close of business on August 21, 2024. Annonce • Jul 17
Landmark Bancorp, Inc. to Report Q2, 2024 Results on Aug 05, 2024 Landmark Bancorp, Inc. announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Aug 05, 2024 Declared Dividend • May 05
First quarter dividend of US$0.21 announced Shareholders will receive a dividend of US$0.21. Ex-date: 14th May 2024 Payment date: 29th May 2024 Dividend yield will be 4.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 6.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 2.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: US$0.51 (vs US$0.61 in 1Q 2023) First quarter 2024 results: EPS: US$0.51 (down from US$0.61 in 1Q 2023). Revenue: US$13.8m (down 3.8% from 1Q 2023). Net income: US$2.78m (down 17% from 1Q 2023). Profit margin: 20% (down from 23% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. New Risk • May 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$98.5m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Annonce • Apr 27
Landmark Bancorp, Inc. to Report Q1, 2024 Results on May 01, 2024 Landmark Bancorp, Inc. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on May 01, 2024 Annonce • Apr 20
Landmark Bancorp, Inc., Annual General Meeting, May 22, 2024 Landmark Bancorp, Inc., Annual General Meeting, May 22, 2024, at 14:00 Central Standard Time. Agenda: To elect three Class II directors for a three-year term ending at the 2027 annual meeting of stockholders or until their successors are elected and qualified; to approve the Landmark Bancorp, Inc. 2024 Stock Incentive Plan; to ratify the appointment of Crowe LLP as company independent registered public accounting firm for the year ending December 31, 2024; and to transact such other business as may properly be brought before the meeting and any adjournments or postponements of the meeting. Reported Earnings • Apr 01
Full year 2023 earnings released: EPS: US$2.23 (vs US$1.80 in FY 2022) Full year 2023 results: EPS: US$2.23 (up from US$1.80 in FY 2022). Revenue: US$56.2m (up 6.8% from FY 2022). Net income: US$12.2m (up 24% from FY 2022). Profit margin: 22% (up from 19% in FY 2022). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.17% (down from 3.21% in FY 2022). Non-performing loans: 0.25% (down from 0.39% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Annonce • Mar 06
Landmark Bancorp, Inc. and Landmark National Bank Announces CEO Changes Landmark Bancorp, Inc. announced that it has appointed Abigail (Abby) Wendel to serve as chief executive officer of the company and Landmark National Bank, (the Bank), effective March 29, 2024. She succeeds current President and CEO, Michael Scheopner, who will serve in a non-executive role until his retirement at the end of the year. Wendel comes to the Company from UMB Bank, N.A. Wendel most recently served as president of the consumer division. In that role, she oversaw more than 800 associates and was responsible for the retail, mortgage and private banking functions as well as corresponding consumer banking initiatives, focused on customer acquisition and experience. She brings to the role extensive experience in the banking industry and has proven performance for delivering positive results for teams and customers. While at UMB, she also previously served as senior vice president and director of corporate strategy, government & investor relations and as executive vice president, chief strategy officer. Prior to UMB, Wendel spent more than a decade at the Federal Reserve Bank of Kansas City. She is also involved in numerous charitable causes and civic initiatives in the Kansas City metropolitan area. Scheopner joined one of Landmark National's predecessor banks, Security National Bank in 1996, and in 2001 was named executive vice president and credit risk manager. In May 2013, Scheopner was named president of Landmark National Bank and chief executive officer in January 2014. Wendel will be based in the Kansas City metro, with frequent site visits across Kansas to Landmark National Bank locations. Annonce • Mar 05
Landmark Bancorp, Inc. and Landmark National Bank Announce Management Changes Landmark Bancorp, Inc. announced that it has appointed Abigail (Abby) Wendel to serve as president of the company and Landmark National Bank (the Bank), effective March 29, 2024. Wendel also will join the respective boards of directors of the company and bank. She succeeds current President and CEO, Michael Scheopner, who will serve in a non-executive role until his retirement at the end of the year. Wendel comes to the Company from UMB Bank, N.A. Wendel most recently served as president of the consumer division. In that role, she oversaw more than 800 associates and was responsible for the retail, mortgage and private banking functions as well as corresponding consumer banking initiatives, focused on customer acquisition and experience. She brings to the role extensive experience in the banking industry and has proven performance for delivering positive results for teams and customers. While at UMB, she also previously served as senior vice president and director of corporate strategy, government & investor relations and as executive vice president, chief strategy officer. Prior to UMB, Wendel spent more than a decade at the Federal Reserve Bank of Kansas City. She is also involved in numerous charitable causes and civic initiatives in the Kansas City metropolitan area. Scheopner joined one of Landmark National's predecessor banks, Security National Bank in 1996, and in 2001 was named executive vice president and credit risk manager. In May 2013, Scheopner was named president of Landmark National Bank and chief executive officer in January 2014. Wendel will be based in the Kansas City metro, with frequent site visits across Kansas to Landmark National Bank locations. Upcoming Dividend • Feb 06
Upcoming dividend of US$0.21 per share at 4.0% yield Eligible shareholders must have bought the stock before 13 February 2024. Payment date: 28 February 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of American dividend payers (4.8%). Higher than average of industry peers (3.3%). Declared Dividend • Feb 04
Third quarter dividend of US$0.21 announced Shareholders will receive a dividend of US$0.21. Ex-date: 13th February 2024 Payment date: 28th February 2024 Dividend yield will be 4.0%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 6.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Annonce • Jan 31
Landmark Bancorp, Inc. Appointed Mark J. Kohlrus to the Board Landmark Bancorp, Inc. announced that on January 24, 2024, upon the recommendation of the Nominating and Corporate Governance Committee of the board of directors of the company, the Board increased its size to eleven directors and appointed Mark J. Kohlrus to the newly-created seat, effective immediately. Mr. Kohlrus was appointed as a Class II director and his initial term will expire at the annual stockholder meeting in 2024. The Board expects to nominate Mr. Kohlrus for election to serve for an additional term of three years. Mark J. Kohlrus, age 64, is currently a self-employed financial consultant and has served as a director of the Landmark National Bank since 2023. Mr. Kohlrus served as Senior Vice-President of The Brink’s Company and the Chief Operating Officer of Balance Innovations, a Brink’s division, from June 2019 through his retirement in March 2023. Prior to its acquisition by Brink’s, Mr. Kohlrus was the Chief Financial Officer of Balance Innovations, LLC from 2006 to 2019. Mr. Kohlrus also served as Chief Operating Officer of BV Solutions Group, Inc. from 2000 to 2005, and Chief Financial Officer of NovaStar Financial, Inc. (NYSE: NFI) from 1996 to 2000. Mr. Kohlrus was a certified public accountant with KPMG from 1982 to 1996, where he had extensive experience in the banking industry and with public companies. Mr. Kohlrus has a Bachelor of Science degree in accounting from Kansas State University. He served on the Kansas State Accounting Advisory Council for over 20 years and as a College of Business Executive Mentor for 10 years. Annonce • Jan 20
Landmark Bancorp, Inc. to Report Q4, 2023 Results on Jan 31, 2024 Landmark Bancorp, Inc. announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Jan 31, 2024 Recent Insider Transactions • Nov 23
Independent Director recently bought US$54k worth of stock On the 21st of November, Richard Ball bought around 3k shares on-market at roughly US$19.49 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$461k more in shares than they have sold in the last 12 months. Upcoming Dividend • Nov 07
Upcoming dividend of US$0.21 per share at 4.7% yield Eligible shareholders must have bought the stock before 14 November 2023. Payment date: 29 November 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of American dividend payers (5.1%). Higher than average of industry peers (3.8%). Annonce • Nov 02
Landmark Bancorp, Inc. Declares Cash Dividend, Payable on November 29, 2023 Landmark Bancorp, Inc.’s Board of Directors declared a cash dividend of $0.21 per share, to be paid November 29, 2023, to common stockholders of record as of the close of business on November 15, 2023. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$0.55 (vs US$0.48 in 3Q 2022) Third quarter 2023 results: EPS: US$0.55 (up from US$0.48 in 3Q 2022). Revenue: US$14.3m (up 14% from 3Q 2022). Net income: US$2.88m (up 15% from 3Q 2022). Profit margin: 20% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Annonce • Oct 05
Landmark Bancorp, Inc. to Report Q3, 2023 Results on Oct 31, 2023 Landmark Bancorp, Inc. announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Oct 31, 2023 Upcoming Dividend • Aug 15
Upcoming dividend of US$0.21 per share at 4.1% yield Eligible shareholders must have bought the stock before 22 August 2023. Payment date: 06 September 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (3.5%). Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: US$0.65 (vs US$0.58 in 2Q 2022) Second quarter 2023 results: EPS: US$0.65 (up from US$0.58 in 2Q 2022). Revenue: US$14.4m (up 14% from 2Q 2022). Net income: US$3.36m (up 11% from 2Q 2022). Profit margin: 23% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Annonce • Aug 09
Landmark Bancorp, Inc. Declares Cash Dividend of $0.21 Per Share, Payable on September 6, 2023 Landmark Bancorp, Inc. declared Cash Dividend of $0.21 per Share to be paid September 6, 2023, to common stockholders of record as of the close of business on August 23, 2023. Recent Insider Transactions • Jul 16
Independent Director recently bought US$59k worth of stock On the 14th of July, Jim Lewis bought around 3k shares on-market at roughly US$21.54 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$123k more in shares than they have sold in the last 12 months. Annonce • Jul 15
Landmark Bancorp, Inc. to Report Q2, 2023 Results on Aug 08, 2023 Landmark Bancorp, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 08, 2023 Upcoming Dividend • May 09
Upcoming dividend of US$0.21 per share at 4.3% yield Eligible shareholders must have bought the stock before 16 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of American dividend payers (5.1%). Higher than average of industry peers (3.8%). Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$0.64 (vs US$0.60 in 1Q 2022) First quarter 2023 results: EPS: US$0.64 (up from US$0.60 in 1Q 2022). Revenue: US$14.4m (up 13% from 1Q 2022). Net income: US$3.36m (up 7.1% from 1Q 2022). Profit margin: 23% (down from 25% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Apr 02
Full year 2022 earnings released: EPS: US$1.89 (vs US$3.43 in FY 2021) Full year 2022 results: EPS: US$1.89 (down from US$3.43 in FY 2021). Revenue: US$52.6m (down 13% from FY 2021). Net income: US$9.88m (down 45% from FY 2021). Profit margin: 19% (down from 30% in FY 2021). Net interest margin (NIM): 3.21% (down from 3.39% in FY 2021). Non-performing loans: 0.39% (down from 0.79% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Recent Insider Transactions • Mar 17
Independent Director recently bought US$73k worth of stock On the 9th of March, Richard Ball bought around 3k shares on-market at roughly US$22.30 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$144k more in shares than they bought in the last 12 months. Upcoming Dividend • Feb 07
Upcoming dividend of US$0.21 per share at 3.4% yield Eligible shareholders must have bought the stock before 14 February 2023. Payment date: 01 March 2023. Trailing yield: 3.4%. Lower than top quartile of American dividend payers (4.2%). Higher than average of industry peers (2.9%). Reported Earnings • Feb 01
Full year 2022 earnings released: EPS: US$1.89 (vs US$3.43 in FY 2021) Full year 2022 results: EPS: US$1.89 (down from US$3.43 in FY 2021). Revenue: US$52.6m (down 13% from FY 2021). Net income: US$9.88m (down 45% from FY 2021). Profit margin: 19% (down from 30% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 1% per year. Annonce • Jan 26
Landmark Bancorp, Inc. to Report Q4, 2022 Results on Jan 31, 2023 Landmark Bancorp, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Jan 31, 2023 Recent Insider Transactions • Dec 07
Independent Chairman recently sold US$126k worth of stock On the 2nd of December, Patrick Alexander sold around 5k shares on-market at roughly US$25.13 per share. This transaction amounted to 5.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Patrick has been a net seller over the last 12 months, reducing personal holdings by US$381k. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. Independent Director Sandy Moll was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 08
Upcoming dividend of US$0.21 per share Eligible shareholders must have bought the stock before 15 November 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of American dividend payers (4.4%). In line with average of industry peers (3.0%). Reported Earnings • Nov 04
Third quarter 2022 earnings released: EPS: US$0.50 (vs US$0.90 in 3Q 2021) Third quarter 2022 results: EPS: US$0.50 (down from US$0.90 in 3Q 2021). Revenue: US$12.5m (down 17% from 3Q 2021). Net income: US$2.50m (down 45% from 3Q 2021). Profit margin: 20% (down from 30% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 8% per year. Annonce • Nov 03
Landmark Bancorp, Inc. Declares Cash Dividend, Payable on November 30, 2022 Landmark Bancorp, Inc.’s Board of Directors declared a cash dividend of $0.21 per share, to be paid November 30, 2022, to common stockholders of record as of the close of business on November 16, 2022. Annonce • Oct 21
Landmark Bancorp, Inc. to Report Q3, 2022 Results on Nov 02, 2022 Landmark Bancorp, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 02, 2022 Recent Insider Transactions • Aug 23
Independent Chairman recently sold US$130k worth of stock On the 19th of August, Patrick Alexander sold around 5k shares on-market at roughly US$26.01 per share. This was the largest sale by an insider in the last 3 months. Patrick has been a seller over the last 12 months, reducing personal holdings by US$198k. Upcoming Dividend • Aug 02
Upcoming dividend of US$0.21 per share Eligible shareholders must have bought the stock before 09 August 2022. Payment date: 24 August 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (4.1%). In line with average of industry peers (3.1%). Reported Earnings • Jul 27
Second quarter 2022 earnings released: EPS: US$0.61 (vs US$1.00 in 2Q 2021) Second quarter 2022 results: EPS: US$0.61 (down from US$1.00 in 2Q 2021). Revenue: US$12.7m (down 18% from 2Q 2021). Net income: US$3.03m (down 39% from 2Q 2021). Profit margin: 24% (down from 32% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Annonce • Jul 02
Landmark Bancorp, Inc. to Report Q2, 2022 Results on Jul 26, 2022 Landmark Bancorp, Inc. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Jul 26, 2022 Annonce • Jun 29
Landmark Bancorp, Inc. (NasdaqGM:LARK) entered into an agreement to acquire Freedom Bancshares, Inc. in transaction valued at $33.4 million. Landmark Bancorp, Inc. (NasdaqGM:LARK) entered into an agreement to acquire Freedom Bancshares, Inc. in transaction valued at $33.4 million on June 28, 2022. The consideration will be paid in cash and is subject to potential adjustment. Upon closing of the acquisition, Freedom Bank will be merged with and into Landmark National Bank. The agreement has been unanimously approved by the boards of directors of both companies and is subject to the approval of Freedom’s stockholders and regulatory agencies. The transaction is expected to close in the fourth quarter of 2022. Jonathan S. Hightower of Fenimore, Kay & Harrison, LLP served as legal advisor to Freedom. Robert M. Fleetwood of Barack Ferrazzano Kirschbaum & Nagelberg LLP served as legal advisor to Landmark. Cummings & Company, LLC acted as financial advisor to Landmark. Olsen Palmer LLC acted as financial advisor to Freedom. Upcoming Dividend • May 03
Upcoming dividend of US$0.21 per share Eligible shareholders must have bought the stock before 10 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (3.9%). Higher than average of industry peers (2.9%). Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: US$0.63 (vs US$1.08 in 1Q 2021) First quarter 2022 results: EPS: US$0.63 (down from US$1.08 in 1Q 2021). Revenue: US$12.7m (down 20% from 1Q 2021). Net income: US$3.13m (down 42% from 1Q 2021). Profit margin: 25% (down from 34% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. Independent Director Sandy Moll was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 15
Landmark Bancorp, Inc., Annual General Meeting, May 18, 2022 Landmark Bancorp, Inc., Annual General Meeting, May 18, 2022, at 14:00 Central Standard Time. Agenda: To elect three Class III directors for a three-year term ending at the 2025 annual meeting of stockholders and until their successors are elected and qualified;to approve, in a non-binding, advisory proposal, the compensation of named executive officers, as described in the accompanying proxy statement, which is referred to as a “say-on-pay” proposal;to ratify the appointment of Crowe LLP as independent registered public accounting firm for the year ending December 31, 2022; and to transact such other business as may properly be brought before the meeting and any adjournments or postponements of the meeting. Recent Insider Transactions • Mar 09
Chairman of the Board recently sold US$68k worth of stock On the 3rd of March, Patrick Alexander sold around 3k shares on-market at roughly US$27.26 per share. This was the largest sale by an insider in the last 3 months. This was Patrick's only on-market trade for the last 12 months. Upcoming Dividend • Feb 08
Upcoming dividend of US$0.21 per share Eligible shareholders must have bought the stock before 15 February 2022. Payment date: 02 March 2022. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of American dividend payers (3.6%). Higher than average of industry peers (2.3%). Reported Earnings • Feb 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$3.61 (down from US$3.91 in FY 2020). Revenue: US$60.1m (flat on FY 2020). Net income: US$18.0m (down 7.6% from FY 2020). Profit margin: 30% (down from 32% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Annonce • Feb 02
Landmark Bancorp, Inc. Declares Dividend, Payable on March 2, 2022 Landmark Bancorp, Inc. declared a cash dividend of $0.21 per share, to be paid March 2, 2022, to common stockholders of record as of the close of business on February 16, 2022, representing an increase of 10.3% from 2021. Upcoming Dividend • Nov 02
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 09 November 2021. Payment date: 24 November 2021. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (3.5%). Higher than average of industry peers (2.2%). Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS US$0.95 (vs US$1.15 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$15.1m (down 8.2% from 3Q 2020). Net income: US$4.52m (down 17% from 3Q 2020). Profit margin: 30% (down from 33% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 03
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 10 August 2021. Payment date: 25 August 2021. Trailing yield: 2.9%. Lower than top quartile of American dividend payers (3.6%). Higher than average of industry peers (2.4%). Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS US$1.05 (vs US$1.08 in 2Q 2020) The company reported a soft second quarter result with weaker earnings, although revenues and profit margins were flat. Second quarter 2021 results: Revenue: US$15.5m (flat on 2Q 2020). Net income: US$4.98m (down 2.4% from 2Q 2020). Profit margin: 32% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.