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Sep 30
Lakeland Financial Q3 2025 Earnings Report
Lakeland Financial reported a strong Q3 2025 with growth in net income and expansion in net interest margin.
Key Takeaways
Lakeland Financial delivered solid Q3 results with $26.4 million in net income, driven by a 14% increase in net interest income and strong core deposit growth. The bank improved its asset quality significantly, reducing nonaccrual loans by 68%.
Net income rose to $26.4 million, up from $23.3 million a year ago
EPS increased to $1.03 from $0.91 in Q3 2024
Revenue reached $69 million, a 13% YoY increase
Watch list loans declined to 3.00% of total loans, the lowest in 23 years
Lakeland Financial
Lakeland Financial
Lakeland Financial Revenue by Segment
Lakeland Financial Revenue by Geographic Location
Revenue by Segment
Retail deposits Revenue
CapyFin.comCommercial deposits Revenue
CapyFin.comPublic fund deposits Revenue
CapyFin.comBrokered deposits Revenue
CapyFin.comRevenue by Geographic Location
Indiana Revenue
CapyFin.com Forward Guidance
Lakeland expects continued momentum in revenue and deposit growth supported by expansion in key markets and a strong capital position.
Positive Outlook
- Continued growth in core deposits from new and existing customers
- Net interest margin expected to remain favorable due to funding cost management
- Strong loan origination activity indicating healthy demand
- Expansion in Indianapolis seen as a growth driver
- Strong capital ratios enable support for dividend and growth
Challenges Ahead
- Linked-quarter decline in core deposits due to seasonality
- Commercial deposits contracted slightly year-over-year
- Retail deposit growth remained flat
- Reduction in average time deposits and deposit mix shifts
- Potential impact from economic uncertainty and tariffs