Quarterly ResultJul 27, 2026, 07:02 AM
Lakeland Financial Q2 Net Income $28.4M (+5%), EPS $1.13 (+9%)
AI Summary
Lakeland Financial Corporation reported record second-quarter 2026 net income of $28.4 million, a 5% increase year-over-year, and record diluted earnings per share of $1.13, up 9%. Total revenue for the quarter grew 7% to $70.9 million, driven by healthy loan growth of 7% to $5.58 billion and a 7 basis point improvement in net interest margin to 3.49%. The company also increased its common dividend by 4% to $0.52 per share and repurchased 70,873 shares for $4.1 million, while nonperforming assets decreased significantly by 36% year-over-year.
Key Highlights
- Record Q2 net income of $28.4 million, up 5% from $27.0 million year-over-year.
- Record Q2 diluted EPS of $1.13, up 9% from $1.04 year-over-year.
- Total revenue increased 7% year-over-year to $70.9 million.
- Loans grew 7% year-over-year to $5.58 billion.
- Net interest margin improved 7 basis points year-over-year to 3.49%.
- Common dividend per share increased 4% to $0.52.
- Repurchased 70,873 shares for $4.1 million during Q2 2026.
- Nonperforming assets decreased 36% year-over-year to $20.0 million.
Price Impact
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