LKFN Research | Milton Maxwell

LKFN

Lakeland Financial Corporation

59.90

-0.03-0.06%

Dec 16, 4:00:01 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

1.53B

P/E (TTM)

15.80

Basic EPS (TTM)

3.79

Dividend Yield

0.03%

Recent Filings

8-K

Q3 net income up 13%

10/27/25Oct 27, 2025

Lakeland Financial reported Q3 net income of $26.4 million, up 13% from last year, fueled by 14% net interest income growth to $56.1 million and NIM expansion to 3.50%. Loans hit $5.25 billion, up 3%; core deposits $5.85 billion. Asset quality soared: nonaccruals plunged 68% to $18.7 million. Watch lists hit 23-year low.

8-K

Q3 2025 investor update

10/27/25Oct 27, 2025

Lakeland Financial released its Q3 2025 investor presentation on October 27, highlighting NIM expansion to 3.44% from deposit costs dropping to 2.37%. Loans hit $5.3B and deposits $6.0B, both up 4% YOY, fueling 13% net interest income growth. Asset quality shines. Capital stays rock-solid.

8-K

Quarterly dividend declared

10/14/25Oct 14, 2025

Lakeland Financial's board declared a quarterly cash dividend of $0.50 per share on October 14, 2025. Payable November 5 to shareholders of record October 25. Steady payout signals confidence in cash flows.

10-Q

Q2 FY2025 results

8/6/25Aug 6, 2025

Lakeland Financial's Q2 FY2025 net income hit $27.0M, up 19.6% y/y, with diluted EPS at $1.04 (up 19.5%) on 25.8M shares—reconciles precisely. Net interest income climbed 13.6% y/y to $54.9M as deposit costs fell, lifting margin to 3.42% while loans grew modestly to $5.23B; provision dropped 65% y/y to $3.0M after $28.6M charge-off on a resolved industrial credit, leaving allowance at 1.27%. Deposits swelled 4.7% q/q to $6.18B, cash doubled to $310M, total borrowings a tiny $6.2M (FHLB advance at 0%). Non-GAAP metrics not disclosed in the 10-Q. Watch list loans eased to 3.67%.

8-K

Q2 2025 investor update

7/25/25Jul 25, 2025

Lakeland Financial released its Q2 2025 investor presentation on July 25, highlighting robust organic growth with $6.2B deposits and $5.2B loans as of June 30. Net interest margin expanded to 3.42%, up 25bps over 12 months, while YTD net income rose 2% to $45.95M. Strong capital at 15.86% risk-based ratio buffers rate risks. Deposits reprice faster than loans.

About

Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services in the United States. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits. Its loan products include commercial and industrial, commercial real estate and multi-family residential, construction, agri-business and agricultural, consumer 1-4 family mortgage, and other commercial and consumer loans. The company also provides retail and merchant credit card services; corporate treasury management, wealth advisory, and trust services; retail brokerage services, including various financial and investment products, such as annuities and life insurance; and mobile business banking and online treasury management services. It serves commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and health care industries. The company was founded in 1872 and is headquartered in Warsaw, Indiana.

CEO

Mr. David M. Findlay

IPO

8/14/1997

Website

https://www.lakecitybank.com

Employees

666

Sector

Financial Services

Industry

Banks - Regional