Monitor deposit trends and the trajectory of unrealized securities losses in coming quarters; the 17.9% annualized deposit decline and equity erosion from AOCI are the key risks to watch.
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 matched consensus of $0.89 (in-line)
- 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 declined 17.9% annualized 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 improved to 1.16% of gross loans from 1.18% in prior quarter
- Net charge-offs improved to 0.01% of average loans from 0.17% in prior quarter
- Book value per share fell to $26.24 from $27.35 in prior quarter
Financial Impact
EPS in-line with consensus; net interest margin improvement offset by deposit runoff and equity decline from unrealized securities losses
Risk Factors
- Deposit runoff accelerated (17.9% annualized decline), particularly public fund balances down $61.7M
- Stockholders' equity declined 4.0% due to $10.9M increase in unrealized losses on securities
- Tangible book value per share fell 5.0% sequentially to $20.68
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3390733 |
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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