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Earnings Call Summary | Landmark Bancorp(LARK.US) Q4 2023 Earnings Conference

Earnings Call Summary | Landmark Bancorp(LARK.US) Q4 2023 Earnings Conference

業績電話會議摘要 | Landmark Bancorp (LARK.US) 2023 年第四季度業績發佈會
富途資訊 ·  02/03 14:59  · 電話會議

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。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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