Landmark Bancorp reported third quarter 2026 diluted EPS of $0.89, meeting analyst expectations, on total revenue of $19.2 million. Results were driven by a significant 13 basis point sequential expansion in net interest margin and strong core profitability, which helped offset a $59.0 million decline in total deposit balances primarily linked to public fund fluctuations.
Key Highlights
- Net interest margin reached 4.35%, a 13 basis point sequential increase and a 52 basis point improvement year-over-year, significantly exceeding previous guidance of 4.20%.
- Asset quality improved as net charge-offs as a percentage of average loans decreased to 0.01% for the quarter, compared to 0.17% in the prior quarter.
- Total gross loans declined by $22.2 million to $1.1 billion, primarily due to lower commercial real estate and one-to-four family residential real estate balances.