---
schema_version: "secwatch.filing_event.v1"
accession: "0000721994-24-000029"
form_type: "8-K"
ticker: "LKFN"
cik: "0000721994"
company_name: "LAKELAND FINANCIAL CORP"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:46:06.951347+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000721994-24-000029
- form_type: 8-K
- ticker: LKFN
- cik: 0000721994
- company_name: LAKELAND FINANCIAL CORP
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/721994/000072199424000029/0000721994-24-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/721994/000072199424000029/lkfn-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000721994-24-000029
- JSON: https://secwatch.observer/filing/0000721994-24-000029.json
- Plain text: https://secwatch.observer/filing/0000721994-24-000029.txt

## Key facts
- Earnings Releases
  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
  source text: Lakeland Financial Corporation (the “Company”) issued a press release announcing its earnings for the three months ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/721994/000072199424000029/0000721994-24-000029-index.htm

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