LARK earnings analysis
What we found in LARK's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
- 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.
- 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.
- 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.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
- 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.
- 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.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.88
What they said about what is next.
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.
The filing reads about the same as the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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