Landmark Bancorp | 10-Q: FY2025 Q3 Revenue: USD 24.81 M

Revenue: As of FY2025 Q3, the actual value is USD 24.81 M.

EPS: As of FY2025 Q3, the actual value is USD 0.85.

EBIT: As of FY2025 Q3, the actual value is USD -8.033 M.

Interest Income: $20.7 million for the quarter ended September 30, 2025, an increase of $1.7 million, or 9.0%, compared to the same period of 2024. For the nine months ended September 30, 2025, interest income was $60.2 million, an increase of $5.2 million, or 9.5%, compared to the same period of 2024.

Net Earnings: $4.9 million for the third quarter of 2025, an increase of $1.0 million, or 25.4%, from $3.9 million in the third quarter of 2024. For the first nine months of 2025, net earnings were $14.0 million, an increase of $4.3 million, or 44.4%, from $9.7 million in the first nine months of 2024.
Net Interest Income: $14.1 million for the third quarter of 2025, an increase of $2.5 million, or 21.5%, compared to the third quarter of 2024. For the nine months ended September 30, 2025, net interest income was $40.9 million, an increase of $7.6 million, or 22.7%, compared to the same period of 2024.
Provision for Credit Losses: $850,000 for the third quarter of 2025, compared to $500,000 in the same period of 2024. For the first nine months of 2025, the provision for credit losses was $1.9 million, compared to $800,000 in the first nine months of 2024.
Non-Interest Income: $4.1 million for the third quarter of 2025, a decrease of $185,000, or 4.3%, from the same period in 2024. For the first nine months of 2025, non-interest income was $11.1 million, a decrease of $321,000, or 2.8%, from the same period in 2024.
Non-Interest Expense: $11.3 million for the third quarter of 2025, an increase of $692,000, or 6.6%, over the same quarter of 2024. For the first nine months of 2025, non-interest expense was $33.0 million, an increase of $768,000, or 2.4%, over the same period of 2024.

Operating Cash Flow: $18.8 million for the nine months ended September 30, 2025, compared to $15.3 million for the same period in 2024.
Investing Cash Flow: - $33.2 million for the nine months ended September 30, 2025, compared to - $896,000 for the same period in 2024.
Financing Cash Flow: $18.1 million for the nine months ended September 30, 2025, compared to - $20.3 million for the same period in 2024.

Allowance for Credit Losses: $12.3 million, or 1.10% of gross loans outstanding, at September 30, 2025, compared to $12.8 million, or 1.22% of gross loans outstanding, at December 31, 2024.

Core Business Focus: The company aims to continue its tradition of holding and acquiring quality assets while growing its commercial, commercial real estate, and agriculture loan portfolios. The company is committed to developing relationships with borrowers and providing total banking services.
Non-Core Business: Landmark Risk Management, Inc. provides property and casualty insurance coverage to the Company and the Bank for which insurance may not be currently available or economically feasible in the current insurance marketplace.
Priority: The company declared its 97th consecutive quarterly dividend in October 2025 and has no plans to change its dividend strategy given its current capital and liquidity position. The company also declared a 5% stock dividend issuable on December 15, 2025.