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Mar 31, 2024
Lakeland Financial Q1 2024 Earnings Report
Lakeland Financial reported a net income of $23.4 million and 5% annualized average loan growth.
Key Takeaways
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.
Net income was $23.4 million, a 4% decrease year-over-year.
Diluted earnings per share were $0.91, a 3% decrease year-over-year.
Average loans grew by 5% year-over-year.
Noninterest income grew by 22% year-over-year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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