secwatch.observer — SEC 8-K summary
======================================

Issuer:     LAKELAND FINANCIAL CORP (LKFN)
CIK:        0000721994
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0000721994-24-000029
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/721994/000072199424000029/0000721994-24-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/721994/000072199424000029/lkfn-20240425.htm
  HTML page:      https://secwatch.observer/filing/0000721994-24-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer