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Mar 31, 2023
Lakeland Financial Q1 2023 Earnings Report
Lakeland Financial reported record first quarter performance, highlighted by balance sheet strength.
Key Takeaways
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.
Record first quarter net income of $24.3 million, a 3% increase year-over-year.
Record diluted earnings per share of $0.94, a 2% increase year-over-year.
Loan growth of $401.2 million, or 9%.
Net interest margin expanded by 61 basis points to 3.54%.