LAKELAND FINANCIAL CORP (LKFN) Form 10-Q — Oct 28, 2026
Lakeland Financial (LKFN) reported Q3 2026 net income of $28.9 million, up 9.3% from $26.4 million a year ago, with diluted EPS of $1.14 versus $1.03, driven by 8.3% net interest income growth and lower provision expense. For the first nine months of 2026, net income rose 14.0% to $83.8 million with diluted EPS of $3.31 (+16.1%), as net interest margin expanded 8 basis points to 3.52% on falling deposit costs following late-2025 Fed easing. Total assets grew 3.1% to $7.21 billion on 5.7% loan growth funded by a $321.4 million (5.4%) deposit increase.
Key figures
- Eps
- 1.14
- Net Income
- 28857000
- Total Debt
- 101300000
- Total Assets
- 7207927000
- Cash Position
- 115768000
- Shares Outstanding
- 24701150
- Total deposits
- 6294796000
- Total loans net
- 5611174000
- Q3 2025 net income
- 26404000
- Share repurchases q3
- $2.4 million (41,550 shares at $58.45 avg)
- Nine month net income
- 83775000
- Unrealized afs losses
- 213900000
- Net interest margin q3
- 3.58%
- Nine month diluted eps
- 3.31
- Cet1 ratio consolidated
- 14.46%
- Nonperforming assets ratio
- 0.25%
- Total return of capital ytd
- $65.3 million
- Tangible book value per share
- 29.14
- Net interest margin nine month
- 3.52%
- Allowance for credit losses ratio
- 1.21%
AI analysis
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