secwatch.observer — SEC 8-K summary
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Issuer:     LAKELAND FINANCIAL CORP (LKFN)
CIK:        0000721994
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0000721994-23-000034
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lakeland Financial Q1 record net income $24.3M; NIM expands YoY 61bps, compresses QoQ 35bps
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- Diluted EPS $0.94 (+2% YoY); ROAA 1.54%, ROAE 16.81%.
- Net interest margin 3.54% (+61bps YoY, -35bps from Q4 2022).
- Loan growth $401.2M (9% YoY); deposit contraction $302.9M (5% YoY).
- Provision expense $4.4M vs $471K a year ago; net charge-offs $5.7M from one commercial customer.
- Dividend increased 15% to $0.46 per share; $30M share repurchase program reauthorized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/721994/000072199423000034/0000721994-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/721994/000072199423000034/lkfn-20230425.htm
  HTML page:      https://secwatch.observer/filing/0000721994-23-000034

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