{"schema_version":"secwatch.filing_event.v1","accession":"0000721994-23-000053","form_type":"8-K","ticker":"LKFN","cik":"0000721994","company_name":"LAKELAND FINANCIAL CORP","filed_at":"2023-07-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.501377+00:00","generated_at":"2026-06-13T05:14:44.483590+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Lakeland Financial Q2 net income falls 43% to $14.6M on $18.1M wire fraud loss","bullets":["Q2 net income $14.6M ($0.57 EPS), down 43% YoY from $25.7M ($1.00 EPS); H1 net income $38.9M, down 21%.","Wire fraud loss of $18.1M ($13.6M net of tax, $0.53 per share) from business email compromise; no client accounts or network compromised.","Loan growth of 10% YoY ($437.6M) to $4.86B; core deposits stable; net interest margin 3.28% (up 2bps YoY, down 26bps linked).","Dividend maintained at $0.46 per share, a 15% increase from prior year Q2; payable Aug 7 to holders of record Jul 25.","Adjusted core noninterest expense (ex-wire fraud and related comp adjustment) declined 5% YoY and 10% linked quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0000721994-23-000053","json":"https://secwatch.observer/filing/0000721994-23-000053.json","markdown":"https://secwatch.observer/filing/0000721994-23-000053.md","text":"https://secwatch.observer/filing/0000721994-23-000053.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/721994/000072199423000053/0000721994-23-000053-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/721994/000072199423000053/lkfn-20230721.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T05:14:44.483590+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5469036e9264ea9f60bb3771428a0415cedf09f4","claim":"LAKELAND FINANCIAL CORP reported the six months ended June 30, 2023 results: net income $38.9 million, EPS $1.51.","evidence_excerpt":"The company further reported net income of $38.9 million for the six months ended June 30, 2023, versus $49.3 million for the comparable period of 2022, a decrease of 21%, or $10.4 million. Diluted earnings per share also decreased 21% to $1.51 for the six months ended June 30, 2023, versus $1.92 for the comparable period of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/721994/000072199423000053/0000721994-23-000053-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the six months ended June 30, 2023"},{"label":"Net income","value":"$38.9 million"},{"label":"EPS","value":"$1.51"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"7fa2b1ab9bb4b7de15b06d7c9ae0b9f6af8f96d9","claim":"LAKELAND FINANCIAL CORP reported the three months ended June 30, 2023 results: net income $14.6 million, EPS $0.57.","evidence_excerpt":"Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported net income of $14.6 million for the three months ended June 30, 2023, which represents a decrease of $11.1 million, or 43%, compared with net income of $25.7 million for the three months ended June 30, 2022. Diluted earnings per share were $0.57 for the second quarter of 2023 and decreased 43% compared to $1.00 for the second quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/721994/000072199423000053/0000721994-23-000053-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended June 30, 2023"},{"label":"Net income","value":"$14.6 million"},{"label":"EPS","value":"$0.57"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}