---
schema_version: "secwatch.filing_event.v1"
accession: "0000721994-23-000008"
form_type: "8-K"
ticker: "LKFN"
cik: "0000721994"
company_name: "LAKELAND FINANCIAL CORP"
filed_at: "2023-01-25T23:59:59+00:00"
generated_at: "2026-06-20T10:02:42.029554+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lakeland Financial reports record FY2022 net income $103.8M, EPS $4.04; Q4 EPS $1.01

## Summary
- Full year net income $103.8M, +8% YoY; diluted EPS $4.04, +8%.
- Q4 net income $26.0M, +7% YoY but -9% linked quarter; diluted EPS $1.01.
- Net interest margin expanded to 3.89% in Q4 (up 102 bps YoY, 32 bps linked).
- Provision expense $9.0M in Q4 vs nil; $10.7M commercial credit downgrade and $3.7M charge-off.
- Dividend increased 15% to $0.46 per share, payable Feb 6, 2023 to record Jan 25.

## SEC filing metadata
- accession: 0000721994-23-000008
- form_type: 8-K
- ticker: LKFN
- cik: 0000721994
- company_name: LAKELAND FINANCIAL CORP
- filed_at: 2023-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/721994/000072199423000008/0000721994-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/721994/000072199423000008/lkfn-20230125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000721994-23-000008
- JSON: https://secwatch.observer/filing/0000721994-23-000008.json
- Plain text: https://secwatch.observer/filing/0000721994-23-000008.txt

## Key facts
- Earnings Releases
  LAKELAND FINANCIAL CORP reported the three months ended December 31, 2022 results: net income $26.0 million, EPS $1.01.
  - Period: the three months ended December 31, 2022
  - Net income: $26.0 million
  - EPS: $1.01
  - Result: reported results
  source text: The company further reported quarterly net income of $26.0 million for the three months ended December 31, 2022 versus $24.3 million for the comparable period of 2021, an increase of $1.7 million, or 7%. Diluted net income per common share increased 6% to $1.01 for the fourth quarter of 2022 versus $0.95 for the comparable period of 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/721994/000072199423000008/0000721994-23-000008-index.htm
- Earnings Releases
  LAKELAND FINANCIAL CORP reported the twelve months ended December 31, 2022 results: net income $103.8 million, EPS $4.04.
  - Period: the twelve months ended December 31, 2022
  - Net income: $103.8 million
  - EPS: $4.04
  - Result: reported results
  source text: Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported record full year net income of $103.8 million, which represents an increase of $8.1 million, or 8%, compared with net income of $95.7 million for 2021. Diluted earnings per share of $4.04 was also a record for 2022, and increased 8% compared to $3.74 for 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/721994/000072199423000008/0000721994-23-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.