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Landmark Bancorp Inc.

LARK Financial Banks Regional

Landmark Bancorp Inc.’s revenue for fiscal 2025 (year ended December 2025) was $96.0 million, up 8.26% from fiscal 2024.

Revenue
+2.62%
EPS
+21.6%
Free cash flow
+828.8%
Total debt
−40.6%

Quarter to June 2026, against a year earlier

31.80 0.59 −1.82%
Market cap
$193.6M
P/E
9.6×
Fwd P/E
9.2×
Dividend yield
2.61%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.04
Sold, $m 0.66
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — 1 — — 1 — — —
Sell 1 — — — — 2 3 — — 2 2 2
Insider Ownership 19.48%

Capital & Financial Ratios $m

Size
Market Cap 193.59
Revenue ttm 97.90
Net income ttm 20.13
Free cash flow ttm 23.44
Net debt Q 72.85
Valuation
P/E 9.64
Forward P/E 9.24
Price / sales 1.98
Forward P/S Powerpack
Price / FCF 8.27
Price / book 1.16
Financial health
Current ratio Q 0.87
Debt / equity Q 0.63
Interest coverage Q —
Growth
Revenue growth Q +2.62% (above 0%: growing)
Operating income growth Q +25.54% (above 0%: growing)
EPS, this year —
EPS, next year A —
Revenue, next year A —
EPS, past 5 yrs −0.90% (below 0%: weak)
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 43.23%
10-year low 10-year high
P/S against its own 10 years 46.53%
10-year low 10-year high
P/B against its own 10 years 68.98%
10-year low 10-year high

Dividends raised every year since 2018

Yield
2.61%
Annual rate
0.83
Payout ratio
25.2%
Growth, 2018–26
+5.64%/yr
  1. 0.54 ’18
  2. 0.57 ’19 +5
  3. 0.60 ’20 +5
  4. 0.63 ’21 +5
  5. 0.69 ’22 +10
  6. 0.73 ’23 +5
  7. 0.76 ’24 +5
  8. 0.80 ’25 +5
  9. 0.84 ’26 +5
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 32 24 24 32
Receivables — — — —
Inventory — — — —
Other — — — —
999 1,094 1,152 1,157
2023 2024 2025 Q'26
Payables 1,316 1,329 1,389 1,305
ST’ Debt — — — —
Other — — — —
1,348 1,363 1,414 1,335

Compound Annual Growth %

10y 5y 3y
Sales 7.63% 7.58% 19.02%
Cash Flow 11.88% 7.87% (4.42%)
Earnings 5.98% (0.75%) 23.87%
Book Value 7.14% 4.86% 12.96%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.89 Actual 0.89

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY26 0.89 0.89 Met by 0.00
Q4 FY26 0.87 — Reports 27 January 2027

EPS $

Mar Jun Sep Dec Year
’26 0.83 0.88 — — —
’25 0.77 0.71 0.81 0.77 3.07
’24 0.46 0.50 0.65 0.54 2.15
’23 0.55 0.55 0.48 0.44 2.02
’22 0.51 0.50 0.41 0.20 1.62
’21 0.89 0.81 0.74 0.52 2.96
’20 0.54 0.84 0.90 0.92 3.21
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 24 24 — — —
’25 23 24 25 25 96
’24 21 22 23 22 89
’23 18 20 20 20 78
’22 13 13 14 17 57
’21 17 16 15 14 62
’20 15 17 18 17 67
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 7 3 — — —
’25 8 0 10 3 22
’24 3 4 8 (1) 14
’23 3 2 6 1 13
’22 3 3 9 10 25
’21 7 8 11 5 31
’20 5 (7) 9 8 15
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 7 3 — — —
’25 8 0 10 3 21
’24 2 4 10 1 17
’23 3 2 6 1 12
’22 4 3 9 10 25
’21 7 8 11 5 30
’20 5 (7) 9 8 15
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 44 45 49 53 67 62 57 78 89 96 98 +9.0% — — — —
Gross margin, % 92.76 92.03 88.99 87.23 95.84 97.57 92.37 72.55 68.22 73.60 76.42 (19.2) pt
EBT 11 3 12 12 24 23 11 14 14 23 25 +8.3%
EBT margin, % 25.58 7.72 23.80 22.89 36.45 36.76 19.87 18.21 15.89 24.02 25.56 (1.6) pt
Net income 9 4 10 11 19 18 10 12 13 19 20 +8.6%
Per share, $
Per share, $ Revenue 7.46 7.49 7.96 8.60 10.99 10.23 9.40 12.90 14.66 15.81 16.05 +8.7%
Earnings 1.51 0.72 1.70 1.73 3.21 2.97 1.63 2.02 2.15 3.09 3.30 +8.2%
Cash flow 3.22 0.51 3.47 1.48 2.44 5.13 4.09 2.09 2.35 3.56 3.84 +1.1%
Capex 0.04 (0.10) (0.14) (0.13) 0.00 (0.12) 0.08 (0.16) 0.39 (0.03) 0.00 n/m
Free cash flow 3.26 0.41 3.32 1.35 2.44 5.01 4.18 1.92 2.75 3.53 3.84 +0.9%
Book value 14.39 14.59 15.01 17.65 20.90 22.34 18.40 21.02 22.53 26.46 27.36 +7.0%
Shares, m 6 6 6 6 6 6 6 6 6 6 6 +0.3%
Valuation, ×
Valuation, × P/E 12.42 26.36 9.66 10.80 5.57 7.94 11.83 8.89 10.60 8.49 9.64 11.3
P/S 2.47 2.56 2.07 2.17 1.63 2.31 2.05 1.39 1.56 1.66 1.98 2.0
P/B 1.28 1.32 1.10 1.06 0.86 1.06 1.05 0.85 1.02 0.99 1.16 1.1
EV/Sales 3.78 3.64 2.75 2.60 0.68 (0.39) 2.17 2.09 2.13 1.74 — 2.1
EV/FCF 8.65 66.42 6.58 16.55 3.06 (0.81) 4.88 13.99 11.35 7.79 — 13.8
Cash, $m
Cash, $m Operating cash flow 19 3 21 9 15 31 25 13 14 22 23 +1.4%
Capex 0 (1) (1) (1) 0 (1) 1 (1) 2 0 0 n/m
Free cash flow 19 2 20 8 15 30 25 12 17 21 23 +1.2%
Balance, $m
Balance, $m Working capital (295) (305) (310) (282) (211) (296) (451) (349) (269) (262) (178) (1.3%)
Net debt 40 37 23 11 (69) (175) 7 54 50 8 73 (16.4%)
Shareholders’ equity 85 88 92 109 127 136 111 127 136 161 167 +7.3%
Returns, %
Returns, % ROA 1.00 0.47 1.09 1.07 1.78 1.43 0.70 0.80 0.83 1.18 1.25 +0.2 pt
ROIC 5.62 1.75 6.33 6.33 26.14 0.00 7.79 4.89 4.72 8.54 6.52 +2.9 pt
ROE 10.83 5.06 11.62 10.63 16.57 13.73 8.00 10.27 9.88 12.65 12.77 +1.8 pt
People
People Employees 292 286 291 289 292 270 286 280 287 283 — (0.3%)
Revenue/emp, $m 0.15 0.16 0.17 0.18 0.23 0.23 0.20 0.28 0.31 0.34 — +9.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Landmark Bancorp Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RBKB Rhinebeck Bancorp, Inc. $203.3M 18.1× — +2.17% (above 0%: growing) −5.03% (below 0%: shrinking) +145.41% (above 0%: growing) 71.31% 0.00% Compare
FGBI First Guaranty Bancshares, Inc. $196.0M — (loss-making) 20.6× −5.84% (below 0%: shrinking) n/m +17.37% (above 0%: growing) 45.46% 0.00% Compare
MRBK Meridian Bank $195.2M 8.7× 11.8× −3.50% (below 0%: shrinking) −2.00% (below 0%: shrinking) +88.96% (above 0%: growing) 64.49% 0.00% Compare
LARK Landmark Bancorp Inc. $193.6M 9.6× 9.2× +2.62% (above 0%: growing) +21.58% (above 0%: growing) +828.81% (above 0%: growing) 78.76% 0.00%
ECBK ECB Bancorp, Inc. $188.3M 15.3× — +15.35% (above 0%: growing) +127.78% (above 0%: growing) +538.43% (above 0%: growing) 46.07% 0.00% Compare
FNWD Finward Bancorp $188.2M 19.0× 16.5× +0.43% (above 0%: growing) −2.00% (below 0%: shrinking) +0.22% (above 0%: growing) 69.03% 0.00% Compare
BVFL BV Financial, Inc. $183.1M 14.2× — −2.37% (below 0%: shrinking) +48.28% (above 0%: growing) +1.43% (above 0%: growing) 78.95% 0.00% Compare
BAFN BayFirst Financial Corp. $179.3M — (loss-making) — −70.88% (below 0%: shrinking) n/m −99.45% (below 0%: shrinking) 27.34% 0.00% Compare
SBFG SB Financial Group, Inc. $179.2M 10.7× 11.9× +9.21% (above 0%: growing) 0.00% −28.66% (below 0%: shrinking) 71.79% 0.00% Compare
Median of peers $188.2M 14.8× 14.2× −0.97% −1.00% +9.40% 66.76% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 20 April 2026

Ownership

Directors and executive officers, together 9.80%
Kornitzer Capital Management, Inc. 6.40%
Michael C. Brilley 5.30%
Manulife Financial Corporation 5.00%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Landmark Bancorp Inc. (LARK) Latest News

1 Nov

Impact 4 · · The Motley Fool transcript
Impact 3 · · GuruFocus.com

29 Oct

Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat
Impact 3 · · Moby

28 Oct

Impact 3 · · Associated Press
Impact 3 · · GlobeNewswire

26 Oct

Impact 3 · · Zacks

23 Oct

Impact 3 · · Zacks

22 Oct

Impact 3 · · GlobeNewswire

9 Oct

Impact 3 · · Zacks

23 Sep

Impact 3 ·

7 Aug

Impact 3 · · The Motley Fool transcript

30 Jul

Impact 3 · · Moby transcript

1 May

Impact 4 · · The Motley Fool transcript
Impact 3 · · Zacks

30 Apr

Impact 3 · · MarketBeat
Impact 3 · · Moby

29 Apr

Impact 3 · · GlobeNewswire

11 Feb

Impact 4 · · Zacks

3 Feb

Impact 4 · · Zacks

29 Jan

Impact 4 · · MarketBeat transcript
Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby

28 Jan

Impact 4 · · Associated Press Finance
Impact 4 · · GlobeNewswire

5 Jan

Impact 4 · · GlobeNewswire

4 Jan

Impact 3 ·

2 Dec

Impact 4 · · Simply Wall St.

31 Oct

Impact 4 · · Zacks
stockrow.com/LARK · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com