Q3 EPS Rises to $0.89 as Margin Hits 4.35%, but Deposits Slide 17.9% Annualized
LARK sits 36% above its 52-week low of $23.57 on light trading volume (0.3× avg).
Summary
Landmark earned $5.5 million, or $0.89 per diluted share, in Q3 2026 — up from $0.88 last quarter and $0.81 a year ago, with nine-month EPS of $2.59 versus $2.29. The net interest margin expanded 13 basis points sequentially to 4.35% and 52 basis points year-over-year, lifting net interest income 3.7% to $15.6 million. The offsetting weakness is the balance sheet: period-end deposits fell $59.0 million to $1.2 billion, an annualized 17.9% drop driven largely by a $61.7 million decline in public fund balances, and borrowings rose $49.5 million to fill the gap. Non-interest income slipped $493,000 to $3.6 million on fewer loan sales, non-interest expense rose 2.4% to $12.3 million, and book value per share fell to $26.24 from $27.35 as accumulated other comprehensive losses widened $10.9 million. Credit looks cleaner — net charge-offs were just 0.01% of average loans versus 0.17% last quarter — but 30-89 day delinquencies climbed to $8.3 million, or 0.77% of gross loans, from 0.57%. This follows the Q2 10-Q that flagged a $433,000 fraud loss and rising non-accruals; the earnings call is scheduled for 10:00 a.m. Central on Thursday, October 29, 2026.
At the time of this announcement, LARK was trading at $32.09 on NASDAQ in the Finance sector, with a market capitalization of approximately $195.8M. The 52-week trading range was $23.57 to $34.60. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.