Landmark Bancorp Inc. · NASDAQ:LARK
Landmark Bancorp — Investor Presentation (February 2026)
22 slides from Landmark Bancorp's investor presentation, Feb 4, 2026
Slide 1: Investor Presentation February 2026
Investor Presentation February 2026
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS "as PRESENTATION MAY CONTAN FORWAROLOOKNNG STATEMENTS WITHTHE MEANING OFTHE PIVAE SECURES UTIGAJION REFORM ACT OF 1985 WITH RESPECT 10 THE FNANCIAL CONDITION, RESULTS OF OPERATIONS, PLANS OBIEIIVES, FUTURE PERFORMANCE ANO BUSHES OF LANDMARK BANCOR IN. ARDMARK” OR THE COMPA
Slide 3: Landmark Bancorp, Inc.
LANDMARK BANCORP, INC. NASDAQ: LARK Founded 1885 Headquarters: + Manhattan, Kansas Executive/Admin Office: + Overland Park, Kansas (KC) Serving Kansas and Kansas City for over 150 years + 29 full-service branches + 1 LPO inKCMO + Serving 23 communities + 286 Associates 1.17%” ROAA $1.68" Assets $1.4
Slide 4: 4Q 2025 and Full Year 2025 Financial Results
4Q 2025 AND FULL YEAR 2025 FINANCIAL RESULTS Year ts us ews 40.2025 __ 30.2025 2025 Profitabitity Diluted Earnings Per Share Return on Average Assets 117% 121% 117% Return on Average Equity 119% 13.0% 12.7% © incre 6370 ore 202 EES Net Interest Margin 4.03% 3.83% 3.86% Total Cost of Deposits 150% 15
Slide 5: Growth History 9.3% CAGR
GROWTH HISTORY 9.3% CAGR Organic Loan Growth > Historical growth driven primarily via acquisition | Kansas City, MO | Febroary 2024 * $1,111 > Recent build out of commercial team to drive organic growth =~ | Acquistion of Freedem Bonk | Jamon County / KC MSA | chang Dates Oc 2022 | Looms ot Close: $
Slide 6: Communities We Serve
COMMUNITIES WE SERVE [esniet Resin Branches Deposits Total Branches
Slide 7: Who We Are
WHO WE ARE Commercial Banking Retail Banking Mortgage Banking + Target small to middle market privately hele + Target customers who live in the + Target customers whe live in the businesses and their owners communities where we operate communities where we operate * Commercial Loans: * 29 branches i
Slide 8: Leadership Team
LEADERSHIP TEAM L. 2| JEFF PHILLIPS KeLLy AUSTIN RAYMOND MCLANAHAN SHELLEY REED = Cer toma Ornces DiEcIO# OF MoRICAGE iter Crit OFrcen Hao oF ComoRnte Dev. & IR 20¥ Bannine / 7¥ @ Co. 337 BuutIne /33¥ @ Co 31 Bacine / 179 @ Co, 8Y Bannina / 0.8¥ @ Co. 26Y FINANCIAL SEEVICES Assy WENDEL 2 PrREDENT &
Slide 9: Improving Profitability
IMPROVING PROFITABILITY am, 121% 12% sa7% Lat ; I I L | L L 2ozsy 2028 20257 2o2sqi 202592 202593 202504 ena ea i [J 2omy — 2028 2025 13% oa anaty 287 oasgi amasqa 20mg 22804 ney Ratio * 628% 62.0% [J D [J 2025q2 202503 202504
Slide 10: Expanding Net Interest Margin
EXPANDING NET INTEREST MARGIN Net Interest Income (Quarterly) Shake $48 sa $137 si sia 2024s 20251 202592 202593 202504 Net Interest Income (Annually) Tt $887 i 2oz0v 2o2ay 2025 Net Interest Marg Vielen faring: Assets —=CotttIBLabiies ~Q-Net Interest Marin 252% 2.38% Date 2.48% 226% 202894 202591 20
Slide 11: Stable Non-Interest Income
STABLE NON-INTEREST INCOME $407 ison: 202404 202591 202592202503 202504 Fass andsavca charge S 2m $ 2398 248°$ 266.8 257 oso Loans 082 056 = O74. 053 su! os 027028028020 CosotSecurties (103) (0.00) (010) nner oa 013082 Totainoninterestincome 36 $363 § 407 § 390 * Incrementally reinvesting lower yiel
Slide 12: Conservative Securities Portfolio
CONSERVATIVE SECURITIES PORTFOLIO 22.7% 202404 MasicMo 34% le For Sale Securi Treasury 15% Municipal 51% 202501 202502 202503, 202504 Conservative, liquid portfolio AFS securities decreased slightly from 3Q and (7%) from year end Cash from securities used to fund loan growth and paydown higher cost
Slide 13: Diversified Loan Portfolio
DIVERSIFIED LOAN PORTFOLIO Loan Composition * 36% of total loans are Commercial and Owner Occupied CRE CRE - Owner CRE-NOO& * Compound annual growth rates since year end 202 Occupied vt "8 + cal 3.2% ™ + CRE NOO + mal s oe + Ag /Farm => 6.9%. commercia — ae i —— om RS + Minimal participations onder
Slide 14: Attractive Core Deposit Base
ATTRACTIVE CORE DEPOSIT BASE + Deposits grew $60.1 millon n 2025 Money market and * Portfolio comprised of mostly transaction accounts checking — rn mre + 1.50% cost of total deposits in 4Q 2025 + 26% of NIB deposits * Largest deposit MSA is Kansas City with $360 million oe <e + 28% of total deposit
Slide 15: Asset Quality
ASSET QUALITY 1.25% 0.30% 070% 0.29% |_| ~ 2oziy omy ony 2o2ay 2028” Net Charge-Off's to Average Loans 0.25% 024% 0.25% 0.08%, 219% 9.15% g.o7% (0.00%) (0.00%) 0.02%, (0.3 ACL to Loans 132% 122% 112% 112% 109% oz 2omy 2020v 2o2ay 2025 * Strong history of low realized credit losses * $10 million of n
Slide 16: Capital Strength
CAPITAL STRENGTH $130 ‘ is su9 $152 $115 ol su10 sua gust sun za 20m 2020" 2024v 202503 roy 20204 2003 2028" 202503 Tangible Common Equity to Tangible Assets AOCI (sm) Trends 9.00% om $3.88 6.50% Ll 5.90% : | i 2oaty 2020" 20234 2o28v 2025" ozs 20m 20237 ao24v
Slide 17: Creating Shareholder Value
CREATING SHAREHOLDER VALUE $3.07 $20.79 gross $2079 18.73 $17.77 - $16.70 2.15 we © $15.12 I | TLL zoey oaey 20257 norsqi 202592 202503202506 zozy 202820057 zozsqi 202502 202593202504 i 86 v
Slide 18: Shareholder Dividends
SHAREHOLDER DIVIDENDS Dividend History 4Q 2025 was the 98th consecutive quarterly dividend since the holding company was formed in 2001 5% stock dividend annually $0.38 $0.25 $0.37 2010Y 2011 2012¥ 2015Y 2016Y $0.63 2021 i 86 $0.80 $0.76 $0.73 $0.69 | | 2022Y 2023Y 2024¥ 2025Y
Slide 19: Our Vision & Strategic Focus
OUR VISION & STRATEGIC FOCUS Purpose BHAG (10-vear coat) To be champions and catalysts for our communities Be an employer of choice so that we can be the bank of choice. Core Values & Beliefs We believe in treating each other with dignity and respect. We believe in holding ourselves to the highest e
Slide 20: Investment Highlights
INVESTMENT HIGHLIGHTS Strong, low-cost core funding base Diversified loan portfolio across commercial, agricultural and residential Organic loan growth Geographic mix of urban and rural markets across Kansas including the Kansas City metro Strong earnings and capital generation NS 20
Slide 21: Appendix: Non-GAAP to GAAP Reconciliation
APPENDIX: NON-GAAP TO GAAP RECONCILIATION As of or for the ‘As of or for the Year Ended, ‘Three Months Ended, December 31, December 31, December 31, December 31, September 30, June 30, March 31 (Dollars in thousands) 2025 2024 2023 2025 2025 2025 2025 Efficiency Ratio Non-GAAP financial ratio reconc
Slide 22: Appendix: Non-GAAP to GAAP Reconciliation
APPENDIX: NON-GAAP TO GAAP RECONCILIATION As of December 31, September 30, June 30, March 31 December 31, December 31, is, except per share amounts) 2025 2025 2025 2025 2024 2023 Tangible Book Value per Share Non-GAAP financial ratio reconciliation: Total stockholders’ equity $ 160,631 $ 155,727 $ 1
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