Landmark Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 31, 2023 at 04:40 pm EDT
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Landmark Bancorp, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 10.63 million compared to USD 9.45 million a year ago. Net income was USD 2.88 million compared to USD 2.5 million a year ago. Basic earnings per share from continuing operations was USD 0.5238 compared to USD 0.4571 a year ago. Diluted earnings per share from continuing operations was USD 0.5238 compared to USD 0.4571 a year ago.
For the nine months, net interest income was USD 32.41 million compared to USD 26.99 million a year ago. Net income was USD 9.6 million compared to USD 8.67 million a year ago. Basic earnings per share from continuing operations was USD 1.7524 compared to USD 1.5714 a year ago. Diluted earnings per share from continuing operations was USD 1.7524 compared to USD 1.5714 a year ago.
Landmark Bancorp, Inc. is a financial holding company. The Companyâs business consists of the ownership of Landmark National Bank (the Bank) and Landmark Risk Management, Inc., which are wholly owned subsidiaries of the Company. The Bank's primary deposit gathering and lending markets are geographically diversified throughout central, eastern, southeast, and southwest Kansas. The Bank is principally engaged in the business of attracting deposits from the general public and using such deposits, together with borrowings and other funds, to originate one-to-four family residential real estate, construction and land, commercial real estate, commercial, agricultural, municipal and consumer loans. The Bank also invests in certain investment and mortgage-related securities using deposits and other borrowings as funding sources. Landmark Risk Management, Inc. is a captive insurance company, which provides property and casualty insurance coverage to the Company and the Bank.