Earnings Releases·Oct 26, 2026, 6:58 AM ET

Lakeland Financial Corporation — Third Quarter 2026 Earnings Summary

Net income reached a record $28.9 million (up 9% YoY) with diluted EPS of $1.14 (up 11% YoY), while total revenue grew 6% YoY to $73.0 million and year-to-date net income rose 14% to $83.8 million.
Total loans increased 8% YoY to $5.68 billion driven by a 12% rise in commercial and industrial loans, supported by an 8 basis point expansion in net interest margin to 3.58% and a 4% increase in dividend payments to $0.52 per share.
The company repurchased $2.4 million in shares and maintains a robust capital position with total capital at 15.56% of risk-weighted assets, while three new branches are under development in Indianapolis and Fort Wayne.
Future outlook remains positive with management anticipating $24.1 million in investment cash flows for reinvestment, optimism regarding Indiana's manufacturing sector, and planned AI-driven customer relationship management initiatives.
Key risks include $213.9 million in unrealized losses on available-for-sale securities due to rising Treasury yields and a $2.8 million partial charge-off contributing to $3.0 million in net charge-offs for the quarter.