secwatch.observer — SEC 8-K summary
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Issuer:     LAKELAND FINANCIAL CORP (LKFN)
CIK:        0000721994
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0000721994-23-000067
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/721994/000072199423000067/0000721994-23-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/721994/000072199423000067/lkfn-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000721994-23-000067

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