earnings
confidence high
sentiment neutral
materiality 0.65
Lakeland Financial reports H1 2023 net income $51.1M, EPS $1.99
LAKELAND FINANCIAL CORP
2023-Q2 EPS reported
$1.51
- Tangible book value per share of $22.97 as of June 30, 2023.
- Risk-based capital ratio of 14.94%, well above well-capitalized minimums.
- Uninsured deposits (excl. public funds) at 28% of total $5.4B deposits.
- Available liquidity of $2.9B; investment securities $1.18B market value.
- Commercial loans $4.3B, 64% variable-rate; deposit mix shifting to interest-bearing.