# Landmark Bancorp, Inc. (LARK)

> Source: Nexqual · https://nexqual.com/LARK · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Landmark Bancorp, Inc. (LARK), nexqual.com/LARK" · informational, not investment advice.

**Price:** USD 32.63 (-1.03% on the day) · last close of Oct 23, 2026; US market after hours, not a live price. Prev close 32.97 · day 31.94–33.13 · 52w 23.57–34.6 · market cap $199M · NGM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $74.8M, net income $20.1M (26.9% margin) (SEC filings).
- Valuation: P/E 9.9x (avg 9349.3x at the last 3 fiscal year-ends).
- Insider open-market sales, last ~7 months: 7 Form 4 filings, $240K; 7 not under a Rule 10b5-1 plan ($240K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 2 Form 4 filings, $38K; 0 by opportunistic insiders, 0 by routine insiders.
- Total return with dividends: 1Y +35.3% vs S&P 500 +13.4%; 5Y +65.0% vs S&P 500 +76.9%.
- Next earnings: 2026-10-28, EPS estimate USD 0.89, revenue estimate $0K.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $60.6M | $52.6M | $56.5M | $60.5M | $70.6M | $74.8M |
| Net income | $18.0M | $9.9M | $12.2M | $13.0M | $18.8M | $20.1M |
| EPS (diluted) | $2.96 | $1.63 | $2.03 | $2.15 | $3.07 | — |
| Free cash flow | $29.8M | $23.9M | $11.6M | $11.9M | $21.0M | $22.7M |
| Net margin | 29.7% | 18.8% | 21.6% | 21.5% | 26.6% | 26.9% |
| Revenue growth | -5.1% | -13.2% | +7.5% | +7.0% | +16.8% | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 9.9x · P/S 2.7x · P/FCF 8.8x · P/B 1.2x · FCF yield 11.40% · Earnings yield 10.11% · Dividend yield (paid, TTM) 2.51%
P/E at fiscal year-ends: Dec 2025 8535.4x, Dec 2024 10643.7x, Dec 2023 8868.9x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 7 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-15 | Lewis Jim | Director | 400 | $13K | 0.3% | No | Too little history (no open-market trades in 2024 or 2025) |
| 2026-09-14 | Alexander Patrick L | Director | 226 | $7K | 0.3% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-11…2026-06-12 | Lewis Jim | Director | 1,267 | $37K | 0.8% | No | Too little history (no open-market trades in 2024 or 2025) |
| 2026-06-09…2026-06-10 | Lewis Jim | Director | 123 | $4K | 0.1% | No | Too little history (no open-market trades in 2024 or 2025) |
| 2026-06-02 | Alexander Patrick L | Director | 700 | $20K | 0.9% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-28…2026-05-29 | Alexander Patrick L | Director | 4,782 | $136K | 6.1% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-28 | Lewis Jim | Director | 800 | $23K | 0.5% | No | Too little history (no open-market trades in 2024 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
2 purchases, $38K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-06…2026-08-07 | Kohlrus Mark J. | Director | 1,000 | $32K | 31.77 | Too little history (no open-market trades in 2023) |
| 2026-05-26 | Hurt Angela S. | Director | 235 | $7K | 27.91 | Too little history (no open-market trades in 2023 or 2025) |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +35.3% | +65.0% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +35.4% | +10.6% |
| Volatility (annualized) | 27.9% | 23.0% |
| Max drawdown | -16.8% (Dec 2025→Mar 2026) | -38.4% (Jan 2022→Oct 2023) |

## Peers (Banks - Regional)
BBD (Banco Bradesco Sa) USD 4.07 +3.04% · FITB (Fifth Third Bancorp) USD 52.98 -0.47% · DB (Deutsche Bank AG) USD 31.2 -0.89% · TFC (Truist Financial Corporation) USD 48.44 +0.04% · NWG (NatWest Group plc) USD 16.8 -1.12% · NU (Nu Holdings Ltd.) USD 15.16 +2.92%

## More
Full page: https://nexqual.com/LARK · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.89 | $0.00 | — | $0 | 1 |
| Next quarter (ends 2026-12-31) | $0.87 | $0.00 | — | $0 | 1 |
| Current fiscal year (ends 2026-12-31) | $3.47 | $0.00 | — | $0 | 1 |
| Next fiscal year (ends 2027-12-31) | $3.48 | $0.00 | — | $0 | 1 |