Quarterly ResultApr 27, 2026, 07:02 AM
LKFN Q1 Net Income +32% to $26.5M; EPS +33% to $1.04
AI Summary
Lakeland Financial Corporation reported strong first-quarter 2026 results, with net income increasing 32% to $26.5 million and diluted EPS rising 33% to $1.04. The company achieved significant organic growth in loans and deposits, alongside an expanded net interest margin. These results reflect a disciplined strategy, strong capital foundation, and continued investment in technology and market presence.
Key Highlights
- Q1 2026 Net Income increased 32% to $26.5 million.
- Q1 2026 Diluted EPS rose 33% to $1.04.
- Net Interest Income grew 7% to $56.8 million, with NIM expanding 9 bps to 3.49%.
- Average Loans increased 5% YoY to $5.44 billion.
- Average Deposits increased 3% YoY to $6.06 billion.
- Non-Interest Income increased 18% YoY to $12.9 million.
- Dividend Per Share increased 4% YoY to $0.52.
- TCE/Tangible Assets was 10.53% and Total Risk-Based Capital was 15.58%.