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:  0000721994-23-000068
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/721994/000072199423000068/0000721994-23-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/721994/000072199423000068/lkfn-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000721994-23-000068

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