MANHATTAN —  Landmark Bancorp, Inc. (“Landmark”; Nasdaq: LARK) reported diluted earnings per share of $0.64 for the three months ended June 30, 2023, compared to $0.64 per share in the first quarter of 2023 and $0.58 per share in the same quarter last year. Net earnings for the second quarter of 2023 amounted to $3.4 million, compared to $3.4 million in the prior quarter and $3.0 million for the second quarter of 2022. For the three months ended June 30, 2023, the return on average assets was 0.88%, the return on average equity was 11.52%, and the efficiency ratio was 69.2%. 

For the first six months of 2023, diluted earnings per share totaled $1.29 compared to $1.18 during the same period in 2022. Net earnings for the six months of 2023 totaled $6.7 million, compared to $6.2 million in the first six months of 2022. For the six months ended June 30, 2023, the return on average assets was 0.89% and the return on average equity was 11.77%. 

Landmark’s Board of Directors declared a cash dividend of $0.21 per share, to be paid Sept. 6 to common stockholders of record as of the close of business on Aug. 23. 

Management will host a conference call to discuss the Company’s financial results at 10 a.m. on Wednesday, Aug. 9, 2023. Investors may participate via telephone by dialing 833-470-1428 and using access code 545875. A replay of the call will be available through Sept. 8 by dialing 866-813-9403 and using access code 287303.