Insider Purchase by Director
Mark J. Kohlrus, a director of Landmark Bancorp Inc (NASDAQ:LARK), purchased a total of 1,000 shares of common stock for $31,767. The transactions occurred on August 6, 2026 (201 shares at $31.50 per share) and August 7, 2026 (799 shares at an average price of $31.8344 per share). All shares were bought indirectly through an Individual Retirement Account (IRA).
Adjustment for Stock Dividend
The reported share amounts reflect an adjustment for the 5% stock dividend that Landmark Bancorp issued in December 2025.
Stock Performance Context
At the time of the purchases, LARK was trading near its 52‑week high of $32.39. The stock had delivered a 24% return year‑to‑date and a 40% gain over the past year. InvestingPro analysis noted the stock appeared undervalued, trading at a price‑to‑earnings (P/E) ratio of 9.71, and the company had raised its dividend for 24 consecutive years, currently yielding 2.63%.
Q2 2026 Financial Results
Landmark Bancorp reported record second‑quarter 2026 revenue of $19.2 million. Earnings per share (EPS) were $0.88, and net income rose 5.9% quarter‑over‑quarter to $5.4 million. The revenue increase was attributed to higher net interest income and stronger gain‑on‑sale revenue. Core deposits grew by $11 million, improving deposit quality as brokered funding was reduced. Non‑performing loans (NPL) rose to 1.18% of gross loans due to two borrower relationships moving to non‑accrual status. Return on average assets improved to 1.35%, and return on average equity increased to 13.23%. Stockholders’ equity rose by $5.2 million to $166.9 million during the quarter.