Lakeland Financial reports 2023 net income $93.8M, down 10% YoY; core EPS $3.95

LAKELAND FINANCIAL CORP

2023-FY EPS reported $3.65

2023 net income $93.8M ($3.65 diluted EPS), down 10% YoY; adjusted net income $101.6M ($3.95 EPS).
Net interest margin compressed 66 bps from 4Q22 to 4Q23; NII down 3% YoY to $197.0M.
Average loans grew 9% YoY to $4.81B; deposits decreased 2% to $5.6B.
Nonperforming loans remain low at 0.25% of total loans; watchlist loans at historic lows.
TCE ratio 9.91%, risk-based capital 15.46%; no change to dividend or guidance.

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.