Quarterly ResultJul 27, 2026, 07:06 AM
Lakeland Financial Q2 Net Income $28.4M (+5%); Revenue +7%
AI Summary
Lakeland Financial Corporation reported record second quarter net income of $28.4 million, a 5% increase year-over-year, with diluted earnings per share rising 9% to $1.13. Total revenue expanded by 7% to $70.9 million. The company also saw average loans grow by 6% and an improvement in its net interest margin to 3.49%. Additionally, nonperforming assets decreased significantly, and the board approved a 4% increase in the common dividend per share.
Key Highlights
- Q2 2026 net income increased 5% to $28.4 million.
- Q2 2026 diluted EPS rose 9% to $1.13.
- Total revenue for Q2 2026 grew 7% to $70.9 million.
- Average loans increased 6% year-over-year to $5.58 billion.
- Net interest margin improved 7 basis points to 3.49% year-over-year.
- Nonperforming assets decreased 36% to $20.0 million year-over-year.
- Common dividend per share increased 4% to $0.52.
- Repurchased 70,873 shares for $4.1 million in Q2 2026.
Price Impact
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