MANHATTAN – Landmark Bancorp Inc. (“Landmark”; Nasdaq: LARK), a bank holding company serving 24 communities across Kansas, reported net earnings of $5.4 million ($1.20 per diluted share) for the quarter ended Sept. 30, compared to $2.6 million ($0.57 per diluted share) for the third quarter of 2019. For the nine months ended Sept. 30, Landmark reported net earnings of $13.9 million ($3.06 per diluted share), compared to $7.4 million ($1.61 per diluted share) in the first nine months of 2019.
Return on average assets was 1.71% during the first nine months of 2020, compared to 1.00% in the same period of 2019. Return on average equity was 16.19% in the first nine months of 2020, compared to 10.02% in the same period of 2019.
Management hosted a conference call to discuss these results Wednesday, Oct. 28.
A replay of the call will be available through Nov. 28, by dialing 877-344-7529 and using conference number 10148845.
Additionally, Landmark’s Board of Directors declared a cash dividend of $0.20 per share, to be paid Nov. 25, 2020, to common stockholders of record as of the close of business on Nov. 11. The Board of Directors also declared a 5% stock dividend issuable Dec. 16, to common stockholders of record on Dec. 2. This is the 20th consecutive year that the Board has declared a 5% stock dividend.