LAKELAND FINANCIAL CORP

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.

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.

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.

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.

Lakeland Financial Corp. announced that its Chairman and Chief Executive Officer, David M. Findlay, and Lake City Bank President, Kristin L. Pruitt, have been named to the Indianapolis Business Journal’s Indiana 250 list for 2026. Findlay received the recognition for the fifth consecutive year, while Pruitt made her debut on the list. The annual list highlights the state's most influential and impactful leaders across business, philanthropy, arts, government, and non-profits, reflecting positively on the company's leadership and community engagement.

Lakeland Financial Corp reported strong first-quarter results for 2026, with net income increasing significantly to $26.478 million, up 31.8% year-over-year. Diluted earnings per share rose to $1.04, a 33.3% increase from the prior year. The company also saw a 7.4% rise in net interest income and a substantial decrease in the provision for credit losses. Total deposits and loans experienced growth, while the company continued its share repurchase program.

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.

Lakeland Financial Corporation reported record first-quarter net income of $26.5 million, a 32% increase year-over-year, with diluted earnings per share rising 33% to $1.04. The company achieved 9% revenue growth and 5% loan growth, driven by strong net interest margin expansion and increased fee-based revenue. LKFN also increased its common dividend by 4% to $0.52 per share and repurchased 336,853 shares for $19.2 million.

Lakeland Financial Corporation held its annual meeting of shareholders on April 14, 2026. Shareholders elected 13 directors, including A. Faraz Abbasi, Blake W. Augsburger, and David M. Findlay, all of whom will serve terms expiring in 2027. Additionally, the advisory vote on executive compensation was approved, and Crowe LLP was ratified as the company's independent registered public accounting firm for the year ending December 31, 2026.

Lakeland Financial Corporation's Board of Directors has declared a quarterly cash dividend of $0.52 per share on its common stock. This dividend will be paid on May 5, 2026, to shareholders who are on record as of April 25, 2026. This action demonstrates the company's consistent approach to returning value to its investors.