---
schema_version: "secwatch.filing_event.v1"
accession: "0000721994-24-000009"
form_type: "8-K"
ticker: "LKFN"
cik: "0000721994"
company_name: "LAKELAND FINANCIAL CORP"
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:46:14.054439+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000721994-24-000009
- form_type: 8-K
- ticker: LKFN
- cik: 0000721994
- company_name: LAKELAND FINANCIAL CORP
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/721994/000072199424000009/0000721994-24-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/721994/000072199424000009/lkfn-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000721994-24-000009
- JSON: https://secwatch.observer/filing/0000721994-24-000009.json
- Plain text: https://secwatch.observer/filing/0000721994-24-000009.txt

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