Lakeland Financial Earnings Reports

Lakeland Financial posted net income of $27.0M for Q2 2025, driven by higher net interest income and improved net interest margin. Asset quality strengthened with a significant reduction in nonperforming assets.

Lakeland Financial Corporation reported net income of $20.1 million for the first quarter of 2025, a 14% decrease from the same period last year. Diluted earnings per share also decreased by 14% to $0.78. Despite the decline in net income, the company saw a 12% increase in net interest income and maintained strong organic loan growth of 4%.

Lakeland Financial Corporation reported a net income of $24.2 million for Q4 2024, a decrease of 18% compared to Q4 2023. Diluted earnings per share were $0.94, down 19% from $1.16 in the prior year quarter. However, net income increased 4% compared to Q3 2024, and diluted earnings per share improved by 3% on a linked quarter basis. The company's net interest margin also improved by 9 basis points on a linked quarter basis.

Lakeland Financial Corporation reported a net income of $23.3 million for the third quarter of 2024, a decrease of 8% compared to the same period in 2023. Despite the decrease, the company saw organic loan growth of 5% and organic deposit growth of 4%. Pretax pre-provision earnings increased by 2% year-over-year.

Lakeland Financial Corporation reported a net income of $22.5 million for the second quarter of 2024, a 54% increase compared to the same period in 2023. The company reached $5.0 billion in total loans, representing 5% annual average loan growth. The company's performance was impacted by a $9.0 million net gain on Visa shares and a $4.5 million accrual related to the resolution of a legal matter.

Lakeland Financial Corporation reported a net income of $23.4 million for the first quarter of 2024, a decrease of 4% compared to the same period last year. The company saw a 5% annualized average loan growth and benefited from $1.0 million in additional insurance recoveries.

Lakeland Financial Corporation reported a net income of $29.6 million for Q4 2023, a 14% increase compared to Q4 2022. Diluted earnings per share were $1.16, up 15% from $1.01 in the same period last year. The quarter benefited from $6.3 million in insurance and loss recoveries related to a prior wire fraud loss.

Lakeland Financial Corporation reported a net income of $25.3 million for the third quarter of 2023, a decrease of $3.3 million, or 11%, compared to the same period in 2022. Diluted earnings per share were $0.98, a 12% decrease year-over-year. However, net income increased 73% compared to the second quarter of 2023. The company experienced double-digit organic loan growth and maintained a robust liquidity position.

Lakeland Financial Corporation reported a decrease in net income for the second quarter of 2023 compared to the same period in 2022, primarily due to a wire fraud loss. However, core operational profitability improved, and loan growth remained strong.

Lakeland Financial Corporation reported a record first quarter net income of $24.3 million, an increase of 3% compared to the same period last year. Diluted earnings per share also reached a record $0.94, a 2% increase year-over-year, with healthy organic loan growth and a robust capital position.

Lakeland Financial Corporation reported a record full year net income of $103.8 million, an increase of 8% compared to 2021. The company's Q4 net income was $26.0 million, a 7% increase compared to the same period in 2021.

Lakeland Financial Corporation reported a record third quarter net income of $28.5 million, an 18% increase compared to the third quarter of 2021. Diluted earnings per share also increased by 18% to $1.11. The company's performance was driven by strong organic loan growth and an expansion of the net interest margin.

Lakeland Financial Corporation reported a record second quarter net income of $25.7 million, a 5% increase compared to the same period last year. Diluted earnings per share increased by 5% to $1.00. The company's pretax pre-provision earnings, a non-GAAP financial measure, also increased by 10% to $31.3 million.

Lakeland Financial Corporation reported a record first quarter net income of $23.6 million, a 3% increase compared to the first quarter of 2021. Diluted earnings per share increased by 2% to $0.92. The company saw growth in its loan portfolio and anticipates a positive directional shift in net interest margin.

Lakeland Financial Corporation reported a record full year net income of $95.7 million, an increase of 13.5% compared to 2020. However, quarterly net income decreased by 1.3% to $24.3 million for the three months ended December 31, 2021, versus $24.6 million for the comparable period of 2020. The decrease in net income was primarily driven by lower Paycheck Protection Program (PPP) loan income in the fourth quarter of 2021.

Lakeland Financial Corporation reported a record third quarter net income of $24.1 million, an increase of 6% compared to the third quarter of 2020. Diluted earnings per share increased 6% to $0.94. The company's net income for the nine months ended September 30, 2021, was a record $71.5 million, a 20% increase compared to the same period in 2020.

Lakeland Financial Corporation reported a record quarterly net income of $24.3 million for Q2 2021, a 24% increase compared to Q2 2020. Diluted earnings per share increased by 23% to $0.95. The company saw strong organic loan and deposit growth and effectively managed the Paycheck Protection Program.

Lakeland Financial Corporation reported a record quarterly net income of $23.0 million for the first quarter of 2021, a 33% increase compared to the first quarter of 2020. Diluted earnings per share increased 34% to $0.90. The company reopened branch lobbies and launched Lake City Bank Digital, a next-generation digital platform.

Lakeland Financial Corporation reported a record quarterly net income of $24.6 million for the three months ended December 31, 2020, an increase of 11% compared to the same period in 2019. Diluted net income per common share also reached a record for the quarter, increasing 13% to $0.97. The company experienced unprecedented loan growth and provided uninterrupted service through its 50 branch offices.

Lakeland Financial Corporation reported a record quarterly net income of $22.8 million for Q3 2020, a 6% increase compared to Q3 2019. Diluted earnings per share increased 7% to $0.89. The company's performance was driven by strong results from its Commercial Banking, Wealth Advisory, and Retail Banking teams.

Lakeland Financial Corporation reported a net income of $19.7 million for Q2 2020, a 9% decrease compared to Q2 2019. However, net income increased by 14% compared to Q1 2020. Diluted earnings per share decreased by 9% to $0.77. Pretax pre-provision earnings increased by 6% compared to the same quarter last year.

Lakeland Financial Corporation reported a decrease in net income to $17.3 million for Q1 2020, a 20% decrease compared to Q1 2019. Diluted earnings per share also decreased by 20% to $0.67. The company focused on managing the challenges presented by the COVID-19 pandemic, taking aggressive steps to manage net interest margin and working with borrowers during this period.

Lakeland Financial Corporation reported a record quarterly net income of $22.2 million for the three months ended December 31, 2019, an increase of 4% compared to the same period in 2018. Diluted net income per common share was also a record for the quarter, increasing by 4% to $0.86. The company's performance reflects its commitment to its team, communities, and clients, and its execution-driven culture.