Record Revenue and 6% EPS Growth Highlight Landmark Bancorp's Q2
LARK sits 41% above its 52-week low of $22.562.
Summary
Landmark Bancorp posted record quarterly revenue above $19 million, driven by higher net interest income and loan sales. Q2 EPS rose 6.1% year-over-year to $0.88, with net income reaching $5.4 million. Net interest margin improved to 4.22% as lower deposit costs offset declining loan yields. The board declared a $0.21 quarterly dividend. This follows a Q1 marked by deposit outflows and rising credit issues, making the revenue rebound and margin expansion a positive signal. With shares trading near a 52-week high and a single analyst hold rating, the results may challenge conservative expectations.
At the time of this announcement, LARK was trading at $31.92 on NASDAQ in the Finance sector, with a market capitalization of approximately $194.6M. The 52-week trading range was $22.56 to $32.39. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.