Landmark Bancorp Inc/Manhattan KS (LARK)
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-09
$32.41-0.23%
Close 2026-09-09 · 1-day change
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-09
Broken: Primary pillar broken — Sustain strong operating income and cash from operations: OCF $6.8M vs $6.83M target.
Landmark Bancorp shows steady profit growth with net income rising from $4.40 million in 2025-Q2 to $5.07 million in 2026-Q1. Earnings per share remain stable at $0.83 in 2026-Q1. Operating income and cash flow are strong, reaching $6.32 million and $6.83 million respectively in 2026-Q1. The bank consistently pays a $0.21 per share dividend, demonstrating shareholder returns.
Profit growth could stall or reverse, risking net income below recent levels. Operating income and cash flow might weaken, reducing financial stability. Dividend payments could be cut if earnings decline or cash flow tightens.
The market price is about 51% above our 12-month fair value near $20. Analysts expect roughly 17% revenue growth. Our view sees the price as rich relative to current earnings and growth prospects.
Breaks if: Dividend per share falls below $0.21 in the next four quarters
Continue paying quarterly cash dividends to shareholders as part of capital allocation strategy.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on steady growth. The current thesis is intact, supported by strong recent financial results and a commitment to returning capital to shareholders.
The market appears to price LARK as cheap compared to its peers, with a low expectations gap. This suggests that investors may be anticipating stable performance without expecting significant growth.
Management has shown a robust approach to maintaining profitability, with diluted earnings per share increasing recently. However, cash flow from operations has declined, indicating mixed results in sustaining strong cash flow.
The thesis hinges on the performance of sector bellwethers like HDB, IBN, and PNC. If these companies continue to perform well, it could support LARK's growth; conversely, any negative guidance from them could impact LARK's momentum.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The recent purchase of stock by director Kohlrus signals confidence in future performance. This move supports the company's commitment to returning capital to shareholders via dividends. There are no new threats impacting the thesis at this time.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated as a priority in 2 of last 2 quarters. The company declared consistent quarterly cash dividends of $0.21 per share in both 2026-Q1 and 2026-Q2, demonstrating ongoing capital return to shareholders as committed.
“Board declared a cash dividend of $0.21 per share, payable August 27, 2026.”
“Board declared a cash dividend of $0.21 per share, payable May 28, 2026.”
Breaks if: Operating income or cash flow falls below $5.35 million or $6.83 million respectively over the next four quarters
Maintain and improve operating income and cash flow from operations to support financial stability.
Stated as a priority in 2 of last 2 quarters. Operating income increased from $6.3 million in 2026-Q1 to $6.7 million in 2026-Q2, showing improvement. However, cash from operations declined from $6.8 million to $3.4 million, indicating mixed delivery on sustaining strong cash flow despite operating income growth.
“Operating income was $6.7 million and cash from operations was $3.4 million in 2026-Q2.”
“Operating income was $6.3 million and cash from operations was $6.8 million in 2026-Q1.”
Breaks if: Net income or EPS falls below $4.40 million or $0.83 per share respectively over the next four quarters
Continue to grow earnings per share and net income through disciplined execution and revenue growth.
Stated as a priority in 2 of last 2 quarters. Diluted EPS grew from $0.83 in 2026-Q1 to $0.88 in 2026-Q2, and net income increased from $5.1 million to $5.4 million over the same period. Management's statements and financial results show delivering consistent profitability and earnings growth.
“Landmark’s strong second quarter results reflected record revenue, solid earnings performance, and continued improvement in profitability.”
“We are off to a strong start in 2026, with record total revenue of $18.8 million for the quarter and net earnings exceeding $5.0 million.”
Overall, LARK's fundamentals are strong, but its future performance will depend on broader sector trends. Not investment advice.