Landmark Bancorp, Inc. Q4 FY2025 earnings call

• Abby Wendel highlighted strong Q4 and full year 2025 results, noting net income growth, increased tangible book value, 17% revenue growth, and positive operating leverage. - Mark Herpich detailed Q4 net income, net interest income growth, net interest margin improvement, allowance for credit losses activity, noninterest income/expense details, and loan/deposit movements. - Raymond McLanahan discussed loan portfolio changes, reduction in nonperforming loans, and provided insights on the Kansas economy and housing market.

For the fourth quarter of 2025, net income was $4.7 million or diluted earnings per share of $0.77. Tangible book value increased to $20.79 per share. For full year 2025, net income was $18.8 million or $3.07 per share, a 43% increase over 2024. Revenue grew 17% in 2025, driven by net interest income expansion. Net interest margin for full year 2025 was 3.86%, up 58 basis points. In Q4 2025, net interest margin was 4.03%, up 20 basis points QoQ. Loans ended 2025 at $1.1 billion, with 11.5% average total loan growth in 2025. Deposits totaled $1.4 billion at Dec 31, 2025, up $63.4 million in Q4. Noninterest income in Q4 2025 was $3.9 million, down $169k QoQ. Noninterest expense in Q4 2025 was $12.3 million, up $1.0 million QoQ.

• Looking ahead to 2026, Landmark intends to build on the 2025 foundation, investing in associates, making strategic investments to better serve customers, and capitalizing on growth opportunities in markets.

• Forward-looking statements involve risks and uncertainties, which should be considered by evaluating factors in SEC filings. - Credit risk related to nonperforming loans and potential impact on the balance sheet. - Market conditions affecting deposit costs, borrowing rates, and overall liquidity.