secwatch.observer — SEC 8-K summary
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Issuer:     LAKELAND FINANCIAL CORP (LKFN)
CIK:        0000721994
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0000721994-24-000030
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/721994/000072199424000030/0000721994-24-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/721994/000072199424000030/lkfn-20240425.htm
  HTML page:      https://secwatch.observer/filing/0000721994-24-000030

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