Landmark Bancorp (LARK) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Landmark Bancorp

NasdaqGM•Financial Services•Banks - Regional

$31.87-0.84(-0.03%)After hours

Market Cap

$194.35M

P/E

9.7x

P/S

2.6x

P/B

1.2x

Landmark Bancorp, Inc. operates as the financial holding company for Landmark National Bank that provides various financial and banking services to its local communities. It offers non-interest bearing demand, money market, checking, and savings accounts, as well as time deposits, certificates of deposit, and treasury management services. The company also provides one-to-four family residential real estate, construction and land, commercial real estate, commercial, municipal, and agriculture loans; and consumer and other loans, such as automobile, boat, and home improvement and home equity loans, as well as insurance services. In addition, the company invests in certain investment and mortgage-related securities. It operates in the eastern, central, southeast, and southwest Kansas. Landmark Bancorp, Inc. was founded in 1885 and is headquartered in Manhattan, Kansas.

How this company scores

ExcellentMetricSide Score: 86/100

Strongest: Profitability (23/25); weakest: Balance Sheet & Red Flags (18/25).

Profitability23/25

Growth23/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality22/25

Strengths

Rising free cash flowStrong marginsRising earningsLow leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 9.7x5y range 7.6x – 10351.7x

Currently below its 20-quarter median.

P/S · 2.6x5y range 1.4x – 2386.8x

Currently below its 20-quarter median.

P/B · 1.2x5y range 0.7x – 1050.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $194.35M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $74.81M
Q. Revenue: $19.18M
TTM EBITDA: $27.23M
TTM Op. Income: $25.02M
Q. Op. Income: $6.71M
TTM Net Income: $20.13M
Q. Net Income: $5.39M
EPS: $0.88
Shares Out.: $6.10M

$74.81M in TTM revenue grew 14.4% YoY, reaching $19.18M last quarter. TTM EBITDA of $27.23M and TTM operating income of $25.02M show growth is flowing through to the bottom line. TTM net income of $20.13M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 73.0%
EBITDA Margin: 36.2%
Op. Margin: 35.0%
Net Margin: 28.1%

Op. margin of 35.0% is up 4.1% YoY — cost efficiency is improving. Net margin at 28.1% and gross margin of 73.0% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 9.7x
P/S Ratio: 2.6x
P/B Ratio: 1.2x

At 9.7x P/E, the stock trades below typical market levels. P/S of 2.6x and P/B of 1.2x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.61B
Cash: $26.28M
Long-Term Debt: $21.65M
Book Value: $166.86M
D/E Ratio: 0.1
Debt/EBITDA: 3.1

With $1.61B in assets and $21.65M in long-term debt, D/E is 0.1and book value is $166.86M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 89% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $3.41M
TTM Free Cash Flow: $22.70M
FCF Margin: 30.3%
FCF / Net Income: 1.1

TTM FCF of $22.70M on $3.41M in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 52% — an improving trend.