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Sep 30, 2025
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
Revenue by Geographic Location
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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