Oct 29, 2026 earnings call — Quarterly results, margin expansion and funding shift
Landmark reported record revenues of $19.2 million and net income of $5.5 million for Q3 2026.
Revenue $0.0B (est $0.0B) · EPS $0.89 (est $0.89)
Key quotes
"Revenues totaled a record $19.2 million, driven by an increase in net interest income, demonstrating our disciplined approach to loan and deposit pricing."
"I'm pleased with our stable asset quality trends this quarter, including a slight decrease in nonaccrual loans and excellent charge-off levels of 0.01% of average loans."
"We also made the decision in the quarter to replace this funding primarily with FHLB borrowings based on market dynamics and favorable pricing."
Analyst Q&A 1
loan payoffs and growth outlook
Q (John Rodis · Brean Capital): He asked about higher loan payoffs and whether the bank expects to show net loan growth into the fourth quarter and early next year. He also asked if payoff fees boosted spread income and the margin, and how rising rates affect the bank.
A: Abigail said the third-quarter payoffs were lumpy, with one relationship possibly returning and one market turnover causing payoffs, but she is cautiously optimistic and still expects to deliver organic growth. Mark said there were no payoff fees or early termination penalties boosting margin, that the quarter's margin expansion was core routine earnings, and the bank is slightly asset sensitive and positioned to see some margin increase over the upcoming year.
"We didn't have any early termination penalties or anything going through the margin." — Mark Herpich (CFO)