Lakeland Financial Q1 net income $23.4M (-4% YoY); EPS $0.91 (-3%); loan growth 5%

LAKELAND FINANCIAL CORP

2024-Q1 EPS reported $0.91

Diluted EPS $0.91 vs $0.94 YoY; core operational EPS $0.88, down 6%.
Net interest margin contracted 39bp to 3.15%; earning asset yield up 58bp to 5.97%.
Average loans $4.97B (+5% YoY); core deposits $5.43B (+1% YoY).
Net charge-offs $312k vs $5.7M a year ago; nonperforming assets down 15% to $15.2M.
Dividend raised 4% to $0.48/share; total risk-based capital ratio 15.46%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LAKELAND FINANCIAL CORP reported three months ended March 31, 2024 results: net income $23.4 million, EPS $0.91.

Period: three months ended March 31, 2024
Net income: $23.4 million
EPS: $0.91
Result: reported results

Exact text from the filing

Lakeland Financial Corporation (the “Company”) issued a press release announcing its earnings for the three months ended March 31, 2024.

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Source: SEC EDGAR

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