Lakeland Financial

Q4 2025 +4.30%Q3 2025 -5.17%Q2 2025 +2.77%Q1 2025 -2.00%Q4 2024 +2.81%Q3 2024 +2.33%Q2 2024 +2.08%Q1 2024 -4.58%Q4 2023 +14.15%Q3 2023 +5.74%Q2 2023 +0.63%Q1 2023 -8.14%Q4 2022 -6.71%Q3 2022 +6.41%Q2 2022 +6.62%Q1 2022 -3.12%Q4 2021 -0.66%Q3 2021 -4.82%Q2 2021 +4.16%Q1 2021 -3.17%Q4 2020 +2.97%Q3 2020 +2.62%Q2 2020 -2.49%Q1 2020 +12.32%Q4 2019 +1.76%Q3 2019 +2.00%Q2 2019 +0.22%Q1 2019 +1.64%Q4 2018 +2.01%Q3 2018 +7.18%Q2 2018 +1.52%Q1 2018 -1.27%Q4 2017 -3.04%Q3 2017 +0.84%Q2 2017 +1.59%Q1 2017 +7.12%Q4 2016 +3.30%Q3 2016 +5.81%Q2 2016 +3.32%Q1 2016 +1.85%Q4 2015 -0.37%Q3 2015 -3.43%Q2 2015 -0.96%Q1 2015 +1.69%Q4 2014 -4.58%Q3 2014 +2.93%Q2 2014 +0.33%Q1 2014 -1.82%Q4 2013 +4.93%Q3 2013 +2.22%Q2 2013 +5.13%Q1 2013 +2.86%Q4 2012 -2.14%Q3 2012 +0.97%Q2 2012 -1.66%Q1 2011 -0.89%Q1 2012 -0.69%Q4 2009 -1.54%Q4 2011 -1.54%Q3 2010 -2.94%Q3 2011 -2.94%Q2 2010 -3.70%Q2 2011 -3.70%Q4 2010 -3.70%Q1 2010 -2.01%

Oct 25, 2024

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Sep 30, 2024

Lakeland Financial Q3 2024 Earnings Report

Reported a net income of $23.3 million, driven by organic loan and deposit growth.

Key Takeaways

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.

Tangible book value per share grew by 25% to $27.07.

Total risk-based capital ratio improved to 15.75%.

Average loans grew by 4% to $5.06 billion.

Core deposit growth of 5%.

Total Revenue

$61.2M

Previous year: $59.2M