Grant LacKamp

John Rodis

Ross Haberman

- **Net income for Q3 2025 totaled $4.9 million, or $0.85 per diluted share**, representing a **24.1% increase in diluted EPS year-over-year**, primarily driven by growth in net interest income and prudently managed expenses.  **[0001141688_2216611_0]** 
- The company reported an **improved return on average assets of 1.21%** and **return on average equity of 13.0%** for the quarter.  **[0001141688_2216611_0]**  The **efficiency ratio improved to 60.7%** in Q3 2025 compared to 66.5% in Q3 2024, and the **net interest margin held steady at 3.83%** compared to the prior quarter.  **[0001141688_2216611_0]** **[0001141688_2216611_3]** **[0001141688_2216611_2]** 
- **Non-performing loans declined by almost $7 million**, mostly from the resolution of a large commercial real estate loan.  **[0001141688_2216611_0]**  The **allowance for credit losses stood at $12.3 million, or 1.10% of gross loans** at September 30, 2025.  **[0001141688_2216611_2]** **[0001141688_2216611_4]** 
- **Tangible book value per share increased to $20.96**, up 6.6% on a linked quarter basis and 15.7% from the end of Q3 2024.  **[0001141688_2216611_0]** 
- The Board of Directors declared a **cash dividend of $0.21 per share** and a **5% stock dividend**.  **[0001141688_2216611_1]**

Landmark Bancorp Inc. Reports Strong Q3 2025 Earnings

- Landmark Bancorp, Inc. reported **diluted earnings per share of $0.85** and **net earnings of $4.9 million** for the third quarter of 2025, compared to $0.75 and $4.4 million, respectively, in the second quarter of 2025.  **[1141688_0001493152-25-020061_ex99-1.htm:0]** 
- The Board of Directors declared a **cash dividend of $0.21 per share** and a **5% stock dividend**.  **[1141688_0001493152-25-020061_ex99-1.htm:0]** **[1141688_0001493152-25-020061_ex99-1.htm:1]** **[1141688_0001493152-25-020061_form8-k.htm:2]** 
- For the third quarter of 2025, the annualized **return on average assets was 1.21%**, the annualized **return on average equity was 13.00%**, and the **efficiency ratio improved to 60.7%**.  **[1141688_0001493152-25-020061_ex99-1.htm:0]** **[1141688_0001493152-25-020061_ex99-1.htm:11]** 
- **Net interest income increased $411,000, or 3.0%**, compared to the previous quarter, and **$2.5 million, or 21.5%**, from the same quarter of 2024, with the **net interest margin holding steady at 3.83%**.  **[1141688_0001493152-25-020061_ex99-1.htm:0]** **[1141688_0001493152-25-020061_ex99-1.htm:1]** **[1141688_0001493152-25-020061_ex99-1.htm:11]** 
- Non-accrual loans declined **$7.0 million** in the third quarter of 2025, and book value per share was **$26.92** as of September 30, 2025.  **[1141688_0001493152-25-020061_ex99-1.htm:0]** **[1141688_0001493152-25-020061_ex99-1.htm:11]**

LANDMARK BANCORP (LARK)