---
schema_version: "secwatch.filing_event.v1"
accession: "0000721994-23-000067"
form_type: "8-K"
ticker: "LKFN"
cik: "0000721994"
company_name: "LAKELAND FINANCIAL CORP"
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T12:18:02.335572+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lakeland Financial Q3 net income $25.3M, down 11% YoY; EPS $0.98; dividend raised 15%

## Summary
- Net income $25.3M ($0.98 diluted EPS) vs $28.5M ($1.11) in Q3 2022; linked Q up 73% from $14.6M in Q2 2023.
- Net interest margin contracted 36 bps to 3.21%; average loan growth 10% annualized; deposit base stable.
- Dividend increased 15% to $0.46/share, payable Nov 6 to holders of record Oct 25; unchanged from prior quarter.
- Nonperforming assets rose 66% to $16.7M vs a year ago but decreased from Q2; provision expense $400,000.
- Total risk-based capital 15.14%; adjusted tangible common equity ratio 11.74%; uninsured deposits 28% of total.

## SEC filing metadata
- accession: 0000721994-23-000067
- form_type: 8-K
- ticker: LKFN
- cik: 0000721994
- company_name: LAKELAND FINANCIAL CORP
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/721994/000072199423000067/0000721994-23-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/721994/000072199423000067/lkfn-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000721994-23-000067
- JSON: https://secwatch.observer/filing/0000721994-23-000067.json
- Plain text: https://secwatch.observer/filing/0000721994-23-000067.txt

## Key facts
- Earnings Releases
  LAKELAND FINANCIAL CORP reported three and nine months ended September 30, 2023 results: net income $25.3 million, EPS $0.98.
  - Period: three and nine months ended September 30, 2023
  - Net income: $25.3 million
  - EPS: $0.98
  - Result: reported results
  source text: Lakeland Financial Reports Net Income of $25.3 Million for the Third Quarter and 10% Annualized Average Loan Growth
  evidence_url: https://www.sec.gov/Archives/edgar/data/721994/000072199423000067/0000721994-23-000067-index.htm

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