Earnings Call Summary | Landmark Bancorp(LARK.US) Q4 2023 Earnings Conference
Earnings Call Summary | Landmark Bancorp(LARK.US) Q4 2023 Earnings Conference
The following is a summary of the Landmark Bancorp, Inc. (LARK) Q4 2023 Earnings Call Transcript:
以下是Landmark Bancorp, Inc.（LARK）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Landmark Bancorp reported a net income for 2023 at over $12 million, a 23% rise from the previous year.
Q4 net earnings were $2.6 million, with earnings per share at $0.48.
Total gross loans rose by $11.2 million due to growth in residential mortgages and agricultural loans, coupled with an increase of $6.8 million in deposits.
Net interest income grew by 2.4% from Q3, with net interest margin standing at 3.11% in Q4 2023.
The bank's Q4 2023 net interest margin increased to 3.11%, up from 3.06% in Q3 2023.
Non-interest income decreased by $558,000 compared to Q4 2022 due to the loss on sale of lower-yielding investments and a decline in gains from residential mortgage sales.
Landmark Bancorp報告稱，2023年的淨收入超過1200萬美元，比上年增長23％。
第四季度淨收益爲260萬美元，每股收益爲0.48美元。
由於住宅抵押貸款和農業貸款的增長，貸款總額增加了1,120萬美元，加上存款增加了680萬美元。
淨利息收入較第三季度增長了2.4％，2023年第四季度的淨利率爲3.11％。
該銀行2023年第四季度的淨利率從2023年第三季度的3.06％增至3.11％。
與2022年第四季度相比，非利息收入減少了55.8萬美元，這是由於低收益投資的出售虧損和住宅抵押貸款銷售收益的下降。
Business Progress:
業務進展：
Benefits were observed from integrating people and systems from the Freedom Bank acquisition in the previous year.
Company distributed a 5% stock dividend in Q4, marking 23 years of continuous payouts and declared a cash dividend of $0.21 per share payable in February 2024.
Gross loans increased by $11.2 million to a total of $948.7 million in the Q4 due to demand in adjustable rate residential mortgages and agricultural lending.
The Bank's regulatory capital ratios remain strong, exceeding regulatory levels regarded as well capitalized.
Total residential mortgage loan portfolio and agricultural loan portfolios have seen an increase of $12.97 million and $5.12 million respectively.
Decrease in non-accrual loans are evident due to the credit upgrade of a $1.4 million relationship and the payoff of a non-accrual loan worth $450,000.
The company maintains strong capital and liquidity, a conservative deposit portfolio, and robust risk management practices.
據觀察，整合去年收購自由銀行的人員和系統會帶來好處。
公司在第四季度派發了5％的股票股息，標誌着連續派息23年，並宣佈將於2024年2月派發每股0.21美元的現金股息。
由於可調利率住宅抵押貸款和農業貸款的需求，第四季度貸款總額增加了1,120萬美元，達到9.487億美元。
該銀行的監管資本比率仍然強勁，超過了被視爲資本充足的監管水平。
住宅抵押貸款組合和農業貸款組合總額分別增加了1,297萬美元和512萬美元。
由於140萬美元關係的信貸升級以及價值45萬美元的非應計貸款的償還，非應計貸款的減少顯而易見。
該公司保持強勁的資本和流動性、保守的存款投資組合和穩健的風險管理實踐。
More details: Landmark Bancorp IR
更多詳情： Bancorp IR 地標
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。