Quarterly UpdatesJul 27, 2026, 07:06 AM
Lakeland Financial YTD Net Income +17%, EPS +19% in Q2 2026
AI Summary
Lakeland Financial Corporation reported strong financial performance for the second quarter and year-to-date 2026, with YTD Net Income increasing 17% to $54.9 million and Diluted EPS rising 19% to $2.17. The company's Net Interest Margin expanded by 7 basis points to 3.49% in Q2 2026. Average Loans grew 5% to $5.49 billion and Average Deposits increased 3% to $6.18 billion YTD 2026, supported by a robust capital structure and low nonperforming loans.
Key Highlights
- YTD 2026 Net Income increased 17% to $54.9 million.
- YTD 2026 Diluted EPS rose 19% to $2.17.
- Q2 2026 Net Interest Margin expanded 7 basis points to 3.49%.
- YTD 2026 Average Loans grew 5% to $5.49 billion.
- YTD 2026 Average Deposits increased 3% to $6.18 billion.
- Tangible Book Value per Share was $30.75 as of June 30, 2026.
- Total Risk-Based Capital Ratio stood at 15.61% as of June 30, 2026.
- Nonperforming Loans to Total Loans remained low at 0.19% YTD 2026.
Price Impact
More from LKFN