---
schema_version: "secwatch.filing_event.v1"
accession: "0000721994-24-000096"
form_type: "8-K"
ticker: "LKFN"
cik: "0000721994"
company_name: "LAKELAND FINANCIAL CORP"
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:29:24.624451+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lakeland Financial Q2 net income up 54% YoY to $22.5M; NPA surges on single $43.3M credit

## Summary
- Net income $22.5M ($0.87 EPS), up 54% YoY from $14.6M ($0.57 EPS); linked quarter down 4%.
- Two non-routine events: $9.0M net gain on Visa shares exchange and $4.5M legal accrual (lawsuit dismissed).
- Loans reached $5.05B (+4% YoY); a $43.3M industrial commercial relationship placed on nonperforming status.
- Nonperforming assets jumped to $57.6M (0.88% of assets) from $18.4M; watch list loans at 5.31% of total.
- Net interest margin 3.17% (down 11bps YoY, up 2bps linked); quarterly dividend $0.48, 4% YoY increase.

## SEC filing metadata
- accession: 0000721994-24-000096
- form_type: 8-K
- ticker: LKFN
- cik: 0000721994
- company_name: LAKELAND FINANCIAL CORP
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/721994/000072199424000096/0000721994-24-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/721994/000072199424000096/lkfn-20240725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000721994-24-000096
- JSON: https://secwatch.observer/filing/0000721994-24-000096.json
- Plain text: https://secwatch.observer/filing/0000721994-24-000096.txt

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