Saturday 17 October 2026 Export LARK’s income statement to Excel — free account

Landmark Bancorp Inc.

Landmark Bancorp Inc.’s revenue for fiscal 2025 (year ended December 2025) was $96.0 million, up 8.26% from fiscal 2024. In the quarter to June 2026, revenue grew 2.62%, EPS grew 21.6%, free cash flow grew 828.8% and total debt fell 40.6%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years, revenue growth for three; insiders bought in the last twelve months.

31.51 0.04 −0.13%

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Market cap: $192.5M
P/E: 9.5×
Fwd P/E: 5.6×
Dividend yield: 2.63%
F-score: 8/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.04

Total sells 0.50

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	1	—	—	1	—	—
Sell	—	1	—	—	—	—	2	3	—	—	2	—

Insider Ownership 19.48%

Capital & Financial Ratios $m

Market Cap 192.47

Revenue 97.90

Net Income 20.13

Free Cash Flow 23.44

Net Debt 72.85

Current Ratio 0.87

Debt/Equity 0.63

P/E ratio 9.55

Fwd P/E 5.57

P/S ratio 1.96

P/B ratio 1.15

Past 5Y EPS Growth (0.90%)

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth —

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 37.71%

10-year low 10-year high

P/S against its own 10 years 40.18%

10-year low 10-year high

P/B against its own 10 years 60.01%

10-year low 10-year high

Dividends

Payout Ratio 0.25

Annual Dividend Rate 0.83

Annual Dividend Yield 2.63%

	total	individual payouts
2027	Powerpack
2026	0.84	0.21 0.21 0.21
2025	0.80	0.20 0.20 0.20 0.20
2024	0.76	0.19 0.19 0.19 0.19
2023	0.73	0.18 0.18 0.18 0.18
2022	0.69	0.17 0.17 0.17 0.17
2021	0.63	0.16 0.16 0.16 0.16
2020	0.60	0.15 0.15 0.15 0.15
2019	0.57	0.14 0.14 0.14 0.14
2018	0.54	0.14 0.14 0.14 0.14
2017	0.52	0.13 0.13 0.13 0.13
2016	0.49	0.12 0.12 0.12 0.12

predictions special payouts not included in total or ratios

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%

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.

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	17.76	20.16	16.45	17.02	12.30	18.47	17.86	14.24	16.24	20.99	Analyst estimates 2026–2028 Powerpack
	High	21.44	24.18	22.00	21.39	22.85	25.92	25.92	21.75	24.05	29.56
People
People	Employees	292	286	291	289	292	270	286	280	287	283
	Revenue/emp, $m	0.15	0.16	0.17	0.18	0.23	0.23	0.20	0.28	0.31	0.34
Income, $m
Income, $m	Revenue	44	45	49	53	67	62	57	78	89	96
	Gross margin, %	92.76	92.03	88.99	87.23	95.84	97.57	92.37	72.55	68.22	73.60
	EBT	11	3	12	12	24	23	11	14	14	23
	EBT margin, %	25.58	7.72	23.80	22.89	36.45	36.76	19.87	18.21	15.89	24.02
	Net income	9	4	10	11	19	18	10	12	13	19
	Depreciation	4	4	4	4	4	5	4	2	1	1
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
	Earnings	1.51	0.72	1.70	1.73	3.21	2.97	1.63	2.02	2.15	3.09
	Cash flow	3.22	0.51	3.47	1.48	2.44	5.13	4.09	2.09	2.35	3.56
	Capex	0.04	(0.10)	(0.14)	(0.13)	0.00	(0.12)	0.08	(0.16)	0.39	(0.03)
	Free cash flow	3.26	0.41	3.32	1.35	2.44	5.01	4.18	1.92	2.75	3.53
	Book value	14.39	14.59	15.01	17.65	20.90	22.34	18.40	21.02	22.53	26.46
	Shares, m	6	6	6	6	6	6	6	6	6	6
Valuation, ×
Valuation, ×	P/E	14.37	29.05	10.65	11.91	5.85	8.34	11.83	8.89	10.60	8.49
	P/S	2.86	2.83	2.28	2.40	1.71	2.42	2.05	1.39	1.56	1.66
	P/B	1.48	1.45	1.21	1.17	0.90	1.11	1.05	0.85	1.02	0.99
	EV/Sales	3.78	3.64	2.75	2.60	0.68	(0.39)	2.17	2.09	2.13	1.74
	EV/FCF	8.65	66.42	6.58	16.55	3.06	(0.81)	4.88	13.99	11.35	7.79
Cash, $m
Cash, $m	Operating cash flow	19	3	21	9	15	31	25	13	14	22
	Capex	0	(1)	(1)	(1)	0	(1)	1	(1)	2	0
	Free cash flow	19	2	20	8	15	30	25	12	17	21
Balance, $m
Balance, $m	Working capital	(295)	(305)	(310)	(282)	(211)	(296)	(451)	(349)	(269)	(262)
	Total debt	60	53	42	25	22	22	39	86	75	32
	Net debt	40	37	23	11	(69)	(175)	7	54	50	8
	Shareholders’ equity	85	88	92	109	127	136	111	127	136	161
Returns, %
Returns, %	ROA	1.00	0.47	1.09	1.07	1.78	1.43	0.70	0.80	0.83	1.18
	ROIC	5.62	1.75	6.33	6.33	26.14	0.00	7.79	4.89	4.72	8.54
	ROE	10.83	5.06	11.62	10.63	16.57	13.73	8.00	10.27	9.88	12.65

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
FCAP First Capital, Inc.	$206.0M	11.1×	— (loss-making)	+11.02% (above 0%: growing)	+26.55% (above 0%: growing)	+2.66% (above 0%: growing)	80.17%	0.00%	Compare
CZWI Citizens Community Bancorp, Inc.	$203.7M	16.2×	11.4×	−2.75% (below 0%: shrinking)	−66.67% (below 0%: shrinking)	+1,134.94% (above 0%: growing)	65.38%	0.00%	Compare
RBKB Rhinebeck Bancorp, Inc.	$200.9M	17.9×	—	+2.17% (above 0%: growing)	−5.03% (below 0%: shrinking)	+145.41% (above 0%: growing)	71.31%	0.00%	Compare
CBFV CB Financial Services, Inc.	$194.0M	26.3×	11.5×	+11.11% (above 0%: growing)	+7.59% (above 0%: growing)	+89.91% (above 0%: growing)	70.87%	0.00%	Compare
LARK Landmark Bancorp Inc.	$192.5M	9.5×	5.6×	+2.62% (above 0%: growing)	+21.58% (above 0%: growing)	+828.81% (above 0%: growing)	78.76%	0.00%
BVFL BV Financial, Inc.	$184.2M	14.1×	—	−2.37% (below 0%: shrinking)	+48.28% (above 0%: growing)	+1.43% (above 0%: growing)	78.95%	0.00%	Compare
SBFG SB Financial Group, Inc.	$183.5M	11.0×	8.8×	+5.49% (above 0%: growing)	+20.00% (above 0%: growing)	+255.74% (above 0%: growing)	72.32%	0.00%	Compare
FNWD Finward Bancorp	$181.0M	18.3×	12.2×	+0.43% (above 0%: growing)	−2.00% (below 0%: shrinking)	+0.22% (above 0%: growing)	69.03%	0.00%	Compare
ECBK ECB Bancorp, Inc.	$173.4M	13.9×	—	+15.35% (above 0%: growing)	+127.78% (above 0%: growing)	+538.43% (above 0%: growing)	46.07%	0.00%	Compare
Median of peers	$189.1M	15.2×	11.5×	+3.83%	+13.80%	+117.66%	71.09%	0.00%

All 323 Banks Regional stocks →

Landmark Bancorp Inc. (LARK) key facts

Strength: Landmark Bancorp Inc.’s revenue for fiscal 2025 (year ended December 2025) was $96.0 million, up 8.26% from fiscal 2024.
Strength: Net income was $18.8 million, or $3.09 per share (basic), a net margin of 19.6%.
Landmark Bancorp Inc. (LARK) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, LARK traded at $31.51, a market capitalization of $192.5 million.
At that price the stock trades at 9.5× trailing-twelve-month earnings and 2.0× sales; its P/E is higher than 38% of its own readings over the past ten years.
Landmark Bancorp Inc. pays an annual dividend of $0.83 per share, a yield of 2.63%, with a payout ratio of 25.2%.
Return on equity was 12.7% and debt-to-equity 0.63.
Its Piotroski F-score is 8 out of 9 for fiscal 2025.