--- title: "Landmark Bancorp | 8-K: FY2025 Q4 Revenue: USD 18.69 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/274042114.md" datetime: "2026-01-28T21:08:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274042114.md) - [en](https://longbridge.com/en/news/274042114.md) - [zh-HK](https://longbridge.com/zh-HK/news/274042114.md) --- # Landmark Bancorp | 8-K: FY2025 Q4 Revenue: USD 18.69 M Revenue: As of FY2025 Q4, the actual value is USD 18.69 M. EPS: As of FY2025 Q4, the actual value is USD 0.77. EBIT: As of FY2025 Q4, the actual value is USD -8.861 M. ### Dividend Announcement Landmark Bancorp, Inc. (兰德马克银行)’s Board of Directors approved a cash dividend of $0.21 per share, payable on February 26, 2026, to stockholders of record as of February 12, 2026. #### Fourth Quarter 2025 Highlights - **Net Earnings:** Net earnings for the fourth quarter of 2025 were $4.7 million, compared to $4.9 million in the third quarter of 2025 and $3.3 million in the fourth quarter of 2024. - **Total Revenue:** Total revenue increased to $18.7 million, marking a 2.9% increase over the prior quarter. - **Net Interest Income:** Net interest income totaled $14.8 million, an increase of $695,000, or 4.9%, compared to the previous quarter, and an increase of $2.4 million, or 19.3%, compared to the same quarter of the prior year. - **Non-Interest Income:** Non-interest income was $3.9 million, a decrease of $169,000 from the previous quarter, primarily due to a - $101,000 loss on sales of lower-yielding investment securities. - **Non-Interest Expense:** Non-interest expense totaled $12.3 million, an increase of $1.0 million, or 9.0%, compared to the prior quarter, and an increase of $386,000, or 3.3%, compared to the same period in the prior year. This increase was primarily driven by a $511,000 increase in compensation and benefits expense, a $173,000 increase in professional fees, and a $356,000 valuation allowance recorded on repossessed assets held for sale. - **Return on Average Assets (ROAA):** The return on average assets was 1.17%. - **Return on Average Equity (ROAE):** The return on average equity was 11.88%. - **Net Interest Margin (NIM):** Net interest margin improved to 4.03%, a 20-basis-point increase compared to the prior quarter and an increase of 52 basis points from 3.51% during the fourth quarter of the prior year. - **Efficiency Ratio:** The efficiency ratio was 62.8%. - **Average Deposit Balances:** Average deposit balances increased $8.8 million during the quarter, and the cost of deposits improved to 1.50%. - **Book Value per Share:** Book value per share was $26.44 as of December 31, 2025, compared to $25.64 as of September 30, 2024. - **Tangible Book Value per Share:** Tangible book value per share grew to $20.79, representing a 16.4% annualized growth rate over the prior quarter. #### Full Year 2025 Highlights - **Net Earnings:** Net earnings for 2025 totaled $18.8 million, compared to $13.0 million in 2024, representing an increase of 44.4%. - **Net Interest Income:** Net interest income grew $10.0 million due to higher interest on loans coupled with lower interest costs. - **Return on Average Assets (ROAA):** The return on average assets increased to 1.17% compared to 0.83% for 2024. - **Return on Average Equity (ROAE):** The return on average equity increased to 12.68% compared to 10.01% for 2024. - **Net Interest Margin (NIM):** Net interest margin increased to 3.86% compared to 3.28% in the prior year. - **Efficiency Ratio:** The efficiency ratio improved to 62.7% compared to 69.1% for 2024. - **Average Loans:** Average loans grew $112.3 million, or 11.5%, primarily due to strong growth in commercial real estate loan originations and residential mortgages. - **Total Deposits:** Total year-end deposits grew $60.1 million, or 4.5%. - **Loan to Deposit Ratio:** The loan to deposit ratio totaled 79.1% at year-end 2025. - **Net Charge-offs:** Net charge-offs totaled 0.25% of average loans. - **Non-Performing Loans:** Non-performing loans totaled $10.0 million, a decrease of $3.1 million, or 23.8%, from year-end 2024. #### Balance Sheet Highlights (as of December 31, 2025) - **Total Assets:** Total assets were $1,606,642 thousand. - **Total Deposits:** Total deposits were $1,388,854 thousand, an annualized increase of 19.0% compared to the prior quarter, driven by a $71.6 million increase in money market and checking accounts, partially offset by a $12.1 million decrease in certificates of deposit. - **Total Gross Loans:** Gross period-end loans totaled $1.1 billion, a decrease of $6.3 million from the prior quarter. This decrease was primarily driven by lower commercial loans (a decrease of $8.5 million) and one-to-four family residential real estate loans (a decrease of $6.3 million), offset by growth in commercial real estate (a growth of $4.7 million) and agriculture loans (a growth of $2.9 million). - **Stockholders’ Equity:** Stockholders’ equity increased to $160.6 million (book value of $26.44 per share) from $155.7 million (book value of $25.64 per share) as of September 30, 2025. - **Equity to Total Assets:** The ratio of equity to total assets increased to 10.00% from 9.63% on September 30, 2025. - **Tangible Equity to Tangible Assets:** Tangible common equity to assets increased to 8.03% from 7.66% as of September 30, 2025. - **Allowance for Credit Losses:** The allowance for credit losses totaled $12.5 million, or 1.12% of total gross loans, compared to $12.3 million, or 1.10% of total gross loans, on September 30, 2025. - **Net Loan Charge-offs (Q4 2025):** Net loan charge-offs totaled $341,000, compared to $2.3 million during the third quarter of 2025 and $219,000 in the fourth quarter of the prior year. - **Provision for Credit Losses (Q4 2025):** A provision for credit losses of $500,000 was recorded, compared to $850,000 in the third quarter of 2025. - **Non-Performing Loans:** Non-performing loans totaled $10.0 million, or 0.90% of gross loans, compared to $10.0 million, or 0.89% of gross loans, at September 30, 2025. - **Loans 30-89 Days Delinquent:** Loans 30-89 days delinquent totaled $4.3 million, or 0.38% of gross loans, compared to $4.9 million, or 0.43% of gross loans, as of September 30, 2025. ### Related Stocks - [LARK.US](https://longbridge.com/en/quote/LARK.US.md) ## Related News & Research - [Landmark Bancorp Sets Date for Q4 2025 Earnings Release](https://longbridge.com/en/news/272757151.md) - [Landmark Bancorp's net earnings rise 44.4% in 2025](https://longbridge.com/en/news/274044127.md) - [Intel Reacquires Full Ownership of Ireland Fab 34 Facility](https://longbridge.com/en/news/282095211.md) - [Signaturefd LLC Decreases Position in SouthState Bank Corporation $SSB](https://longbridge.com/en/news/281860082.md) - [A Look At Atlantic Union Bankshares (AUB) Valuation After Recent Share Price Strength](https://longbridge.com/en/news/281716580.md)