Quarterly ResultAug 5, 2026, 08:02 AM
Lakeland Financial Q2 Net Income $28.44M; EPS $1.14
AI Summary
Lakeland Financial Corp reported a strong second quarter for 2026, with net income increasing 5.5% to $28.44 million and basic earnings per share rising 8.6% to $1.14. The company also saw significant growth in its balance sheet, with total assets reaching $7.24 billion, total deposits growing to $6.33 billion, and net loans expanding to $5.51 billion. Net interest income also improved, increasing 6.2% year-over-year.
Key Highlights
- Net income for Q2 2026 increased 5.5% to $28.44 million from $26.97 million in Q2 2025.
- Basic earnings per common share for Q2 2026 rose 8.6% to $1.14 from $1.05 in Q2 2025.
- Net interest income for Q2 2026 grew 6.2% to $58.30 million compared to $54.88 million in Q2 2025.
- Total assets increased 3.6% to $7.24 billion at June 30, 2026, from $6.99 billion at December 31, 2025.
- Total deposits rose 6.0% to $6.33 billion at June 30, 2026, from $5.97 billion at December 31, 2025.
- Net loans increased 3.8% to $5.51 billion at June 30, 2026, from $5.31 billion at December 31, 2025.
- Cash dividends paid for the six months ended June 30, 2026, totaled $26.25 million, up 2.1%.
Price Impact
More from LKFN