MANHATTAN  – Landmark Bancorp Inc. reported this week diluted earnings per share of $1.04 for the three months ended June 30 compared to $1.08 per share in the same quarter last year and $1.13 per share in the first quarter of 2021. 

Net earnings for the second quarter of 2021 amounted to $5.0 million, compared to $5.1 million for the second quarter of 2020 and $5.4 million in the prior quarter. For the three months ended June 30, 2021, the return on average assets was 1.59%, the return on average equity was 15.40%, and the efficiency ratio was 58.9%. 

For the first six months of 2021, diluted earnings per share totaled $2.17 compared to $1.77 during the same period of 2020 while net earnings increased 22.3% to $10.3 million. For the six months ended June 30, 2021, the return on average assets was 1.68% and the return on average equity was 16.22%. 

Landmark’s Board of Directors declared a cash dividend of $0.20 per share, to be paid Aug. 25, 2021, to common stockholders of record as of the close of business on Aug. 11, 2021. Management will host a conference call to discuss the Company’s financial results at 10 a.m. on Wednesday, July 28. 

Investors may participate via telephone by dialing 877-510-0473. A replay of the call will be available through Aug. 28, by dialing 877-344-7529 and using conference number 10158612.