10-Q · May 6, 2026
Landmark Bancorp (LARK) reported solid Q1 2026 earnings, with diluted EPS at $0.83, up from $0.77 in Q1 2025, and revenue of $18.8 million, slightly above $18.5 million estimates. The company's net earnings rose to $5.1…
Earnings analysis · 10-Q
LARK earnings analysis
Filed August 12, 2026 · Our reading of the company's report
The latest report
Landmark Bancorp exceeded Q2 2026 EPS expectations with diluted EPS of $0.88 versus the $0.83 consensus and $0.71 in the prior-year quarter. However, revenue fell to $19.175 million from $24 million in both Q2 2025 and…
Read full summary
Landmark Bancorp exceeded Q2 2026 EPS expectations with diluted EPS of $0.88 versus the $0.83 consensus and $0.71 in the prior-year quarter. However, revenue fell to $19.175 million from $24 million in both Q2 2025 and Q1 2026, while credit quality remained a concern with non-performing loans previously reported at $13.1 million. The 10-Q provides no quantitative guidance and reports no material changes to the formal risk factors.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.88
What stood out
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EPS beat consensus and prior periods
Q2 2026 diluted EPS was $0.88, $0.05 above the $0.83 consensus estimate, a 6.02% positive surprise. EPS increased from $0.71 in Q2 2025 and $0.83 in Q1 2026.
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Revenue declined 20.1%
Revenue was $19.175 million, down from $24 million in Q2 2025 and $24 million in Q1 2026, representing an approximately 20.1% decline versus each comparison period.
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Controls remained effective
Management concluded that disclosure controls were effective as of June 30, 2026, and reported no changes during the quarter that materially affected—or were reasonably likely to materially affect—internal control over financial reporting.
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Capital preservation continued
The company made no share repurchases during April, May, or June 2026, while 157,456 shares remained available under the March 2020 repurchase program as of June 30, 2026.
What to watch
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Elevated non-performing loans
The prior Q2 disclosure reported non-performing loans of $13.1 million, indicating elevated credit-quality risk even though the 10-Q states there were no material changes to the formal risk factors.
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Net interest income rate exposure
Interest-rate volatility is identified as the company’s primary market risk, with net interest income exposed to changes in short- and long-term rates, yield-curve shape, repricing, and prepayment behavior. The risk remains relevant as of June 30, 2026.
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Technology and AI-related risks
The filing adds or emphasizes risks from rapid technological change and artificial-intelligence tools, including potentially expensive implementation, unforeseen consequences, cybersecurity incidents, and legal or regulatory action. The 10-Q nevertheless states that there were no material changes from the risk factors in the 2025 Form 10-K filed April 14, 2026.
Management's outlook
No quantitative revenue or EPS outlook is provided in the 10-Q; the filing includes only general forward-looking language and interest-rate risk discussion.
Earlier filings 4
10-K · April 14, 2026
Landmark Bancorp (LARK) is a community-focused bank holding company with $1.6 billion in consolidated assets as of December 31, 2025, operating 29 branches in 23 Kansas communities and a loan production office in Kansas…
10-Q · November 13, 2024
Landmark Bancorp reported Q3 total revenue of $15,857,000 and diluted EPS of $0.72, with net earnings of $3,931,000 (up from $2,878,000 a year ago). Loan balances and shareholders’ equity expanded (loans, net…
10-Q · May 14, 2024
Landmark Bancorp reported total revenue of $14,147,000 for Q1 2024 (net interest income $10,747,000; non-interest income $3,400,000), down $295,000 (2.0%) vs. Q1 2023. Diluted EPS declined to $0.51 from $0.61 a year…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.