MANHATTAN – Landmark Bancorp Inc. reported diluted earnings per share of $0.55 for the three months ended Sept. 30, compared to $0.64 per share in the second quarter of 2023 and $0.48 per share in the same quarter last year. Net earnings for the third quarter of 2023 amounted to $2.9 million, compared to $3.4 million in the prior quarter and $2.5 million for the third quarter of 2022. For the three months ended Sept. 30, the return on average assets was 0.74%, the return on average equity was 9.87%, and the efficiency ratio was 73.8%. 

For the first nine months of 2023, diluted earnings per share totaled $1.84 compared to $1.65 during the same period in 2022. Net earnings for the first nine months of 2023 totaled $9.6 million, compared to $8.7 million in the first nine months of 2022. For the nine months ended Sept. 30, the return on average assets was 0.84% and the return on average equity was 11.13%. 

Landmark’s Board of Directors declared a cash dividend of $0.21 per share, to be paid Nov. 29, to common stockholders of record as of the close of business on Nov. 15. The Board of Directors also declared a 5% stock dividend payable on Dec. 15, to common stockholders of record on Dec. 1. This is the 23rd consecutive year that the Board has declared a 5% stock dividend. 

Management hosted a conference call to discuss the Company’s financial results at 10 a.m. (Central time) on Wednesday, Nov. 1. A replay of the call will be available through Nov. 29, by dialing 866-813-9403 and using access code 501805.

Landmark National Bank has 31 locations in 24 communities across Kansas: Manhattan (two); Auburn, Dodge City (two); Fort Scott (two); Garden City and Great Bend (two); Hoisington, Iola, Junction City, Kincaid, LaCrosse and Lawrence (two); Lenexa, Louisburg, Mound City, Osage City, Osawatomie and Overland Park (two); Paola, Pittsburg, Prairie Village and Topeka (two); and Wamego and Wellsville. 

Visitwww.banklandmark.com for more information.