Lakeland Financial Reports Second Quarter Net Income of $22.5 million, and Reaches $5.0 Billion in Total Loans, Representing 5% Annual Average Loan Growth
Lakeland Financial Corporation (LKFN)
Last lakeland financial corporation earnings: 4/27 08:00 am
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US:NASDAQ Investor Relations:
lakecitybank.com/lakeland-financial-corporation-present-keefe-bruyette-woods-2016-community-bank-investor-conference
Company Research
Source: GlobeNewswire
WARSAW, Ind., July 25, 2024 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported net income of $22.5 million for the three months ended June 30, 2024, which represents an increase of $7.9 million, or 54%, compared with net income of $14.6 million for the three months ended June 30, 2023. Diluted earnings per share were $0.87 for the second quarter of 2024 and increased 53% compared to $0.57 for the second quarter of 2023. On a linked quarter basis, net income decreased $852,000, or 4%, from first quarter 2024 net income of $23.4 million and diluted earnings per share decreased $0.04 or 4% from $0.91 at March 31, 2024. Pretax pre-provision earnings, which is a non-GAAP measure, were $35.4 million for the three months ended June 30, 2024, an increase of $18.1 million, or 105%, compared to $17.3 million for the three months ended June 30, 2023. On a linked quarter basis, pretax pre-provision earnings increased
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LKFN
News
- Lake City Bank Expands Downtown Campus with Building Acquisition to become the Innovation and Technology Center [Yahoo! Finance]Yahoo! Finance
- Lake City Bank Expands Downtown Campus with Building Acquisition to become the Innovation and Technology CenterGlobeNewswire
- Another New Leader for Indianapolis Museum Roiled by Racism Outcry [The New York Times]The New York Times
- Lakeland Financial Co. (NASDAQ: LKFN) had its price target raised by analysts at Keefe, Bruyette & Woods from $64.00 to $65.00. They now have a "market perform" rating on the stock.MarketBeat
- Institutional investors are Lakeland Financial Corporation's (NASDAQ:LKFN) biggest bettors and were rewarded after last week's US$88m market cap gain [Yahoo! Finance]Yahoo! Finance
LKFN
Earnings
- 7/26/24 - Beat
LKFN
Sec Filings
- 9/16/24 - Form 4
- 9/16/24 - Form 4
- 8/27/24 - Form 4/A
- LKFN's page on the SEC website