The deposit decline and increase in accumulated other comprehensive losses warrant monitoring for further balance sheet pressure. Net interest margin expansion is a positive offset, but the sustainability of deposit costs and loan growth should be watched in upcoming quarters.
Price Chart
Executive Summary
Landmark Bancorp reported Q3 2026 diluted EPS of $0.89, matching the consensus estimate of $0.89, with net earnings of $5.5 million up 1.5% YoY. Net interest margin expanded 52 bps YoY to 4.35%, but total deposits declined 17.9% annualized and stockholders' equity fell due to higher unrealized losses on securities.
Key Financial Metrics
Key Facts
- Diluted EPS of $0.89 for Q3 2026, in line with consensus of $0.89
- Net earnings of $5.5 million, up 1.5% from $4.9 million in Q3 2025
- Net interest margin expanded 52 bps YoY to 4.35%
- Total deposits decreased $59.0 million (17.9% annualized) from prior quarter to $1.2 billion
- Stockholders' equity decreased to $160.3 million from $166.9 million due to $10.9 million increase in accumulated other comprehensive losses
- Non-performing loans totaled $12.5 million, or 1.16% of gross loans, down from $13.1 million in prior quarter
- Net charge-offs were minimal at $14,000, compared to $452,000 in Q2 2026 and $2.3 million in Q3 2025
Financial Impact
EPS in line with consensus; net interest income grew 11.0% YoY to $15.6 million; non-interest income declined 11.4% YoY to $3.6 million
Risk Factors
- Continued deposit outflows could pressure funding and loan growth
- Higher unrealized losses on securities may further reduce equity if interest rates rise
- Fraud losses and elevated non-interest expense could compress margins
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-048980 |
| Document: form8-k.htm | 0001493152-26-048980 |
| Document: 0001493152-26-048980-index-headers.html | 0001493152-26-048980 |
| Document: 0001493152-26-048980-index.html | 0001493152-26-048980 |
| Document: 0001493152-26-048980.txt | 0001493152-26-048980 |
| 8-K Data (Synthetic) | 0001493152-26-048980 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 1d ago | 8-K | No price | awaiting T+20 | awaiting T+20 | No price |
Oct 28, 2026 1d ago | Press Release | $31.92 | awaiting T+20 | awaiting T+20 | $32.27 (+1.10%) |
Oct 26, 2026 3d ago | Press Release | $31.69 | awaiting T+20 | awaiting T+20 | $32.27 (+1.83%) |
Oct 26, 2026 3d ago | 8-K | $31.69 | awaiting T+20 | awaiting T+20 | $32.27 (+1.83%) |
Oct 26, 2026 3d ago | 8-K | $31.69 | awaiting T+20 | awaiting T+20 | $32.27 (+1.83%) |
Oct 22, 2026 7d ago | Press Release | $32.63 | awaiting T+20 | awaiting T+20 | $32.27 (−1.10%) |
Oct 5, 2026 24d ago | SC 13G/A | $31.26 | awaiting T+20 | awaiting T+20 | $32.27 (+3.23%) |
Sep 24, 2026 5w ago | 8-K | $31.32 $32.97 | ▲ +5.27% | ▲ +5.69% | $32.27 (+3.03%) |
Sep 14, 2026 6w ago | 144 | $33.33 $31.42 | ▼ −5.73% | ▼ −8.45% | $32.27 (−3.18%) |
Jun 10, 2026 20w ago | Insider Cluster | $29.00 $30.13 | ▲ +3.90% | ▲ +2.01% | $32.27 (+11.28%) |
US Market Status
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