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Landmark Bancorp Q1 net interest income rises on higher yields on loans

Overview

US community bank's Q1 EPS rose 6.7% yr/yr to $0.83

Q1 net interest income grew 14.5% yr/yr, driven by higher rates and lower funding costs

Company declared quarterly dividend of $0.21 per share, up from $0.20 prior quarter

Outlook

Company did not provide specific guidance or outlook for future quarters in its press release

Result Drivers

NET INTEREST INCOME - Growth driven by higher yields on loans and investments and lower funding costs

DEPOSIT COSTS - Deposit costs declined due to lower rates on money market, checking accounts, and certificates of deposit

NON-INTEREST EXPENSES - Decrease from prior quarter due to lower compensation and benefits and reduced valuation allowances on repossessed assets

Company press release: ID:nGNX8yflDG

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 EPS$0.83
Q1 Net Income$5.07 mln
Q1 Net Interest Income$15.02 mln
Q1 Dividend$0.21
Q1 Net Interest Margin4.24%
Q1 Pretax Profit$6.32 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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