Lakeland Financial Q1 2024 net income $23.4M, EPS $0.91, down 4% YoY

LAKELAND FINANCIAL CORP

2024-Q1 EPS reported $0.91

Net income $23.4M ($0.91 diluted EPS), down 4% and 3% YoY respectively.
Net interest income $47.4M, down 8% YoY; NIM fell 39 bps to 3.15%.
Loans grew 5% YoY to $5.0B; deposits up 3% to $5.6B.
Nonperforming loans remain low at 0.23% of total loans.
Core operational profitability (excl. one-time items) down 7% YoY.

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