Lakeland Financial Q3 2023 core net income down 2% YoY; adjusted EPS $2.97

LAKELAND FINANCIAL CORP

2023-Q3 EPS reported $2.49

YTD 2023 net income $64.1M ($2.49 EPS); core adjusted net income $76.4M ($2.97 EPS), excluding $18.1M wire fraud loss.
Total deposits $5.7B; commercial deposits 38%, retail 31%, public fund 28%, brokered 3%.
Total loans $4.9B, up 9% YoY; 89% commercial, 64% of commercial loans variable rate.
TCE/TA 8.62%, adj. TCE/adj. TA 11.74%, total risk-based capital 15.14% above well-capitalized threshold.
Strong liquidity $3.3B available; core PTPP increased 1% YoY to $96M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.