Landmark Bancorp Q1 Net Earnings Rise to $5.1M, NIM Hits 4.24%
Landmark Bancorp reported Q1 net earnings of $5.1 million, or $0.83 per share, up from $4.7 million and $0.77 a year earlier. Net interest income climbed 14.5% to $15.0 million, pushing net interest margin to 4.24% and ROA to 1.29%, and the board declared a $0.21 dividend.
1. Q1 Earnings Growth
Landmark Bancorp delivered net earnings of $5.1 million in Q1 2026, up from $4.7 million year-over-year, driving diluted EPS of $0.83 versus $0.77 in the prior-year quarter.
2. Margin Expansion and Income Drivers
Net interest income rose to $15.0 million, a 14.5% year-over-year gain, lifting net interest margin by 48 basis points to 4.24% thanks to higher yields on earning assets and lower funding costs; deposit costs decreased to 1.38%.
3. Capital Position and Dividend
Return on average assets increased to 1.29% and return on average equity to 12.65%, while tangible common equity ratio climbed to 8.11%; the board declared a $0.21 per share cash dividend payable May 28, 2026.