secwatch.observer — SEC 8-K summary
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Issuer:     LAKELAND FINANCIAL CORP (LKFN)
CIK:        0000721994
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0000721994-24-000097
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lakeland Financial YTD net income +18% YoY; EPS $1.78; PTPP +30%
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- YTD 2024 net income $46.0M vs $38.9M; diluted EPS $1.78 vs $1.51.
- Pretax pre-provision earnings rose 30% to $64.7M from $49.7M.
- Average loans up 5% YoY to $5.0B; average deposits up 4% to $5.7B.
- Net interest margin (FTE) compressed to 3.16% from 3.41% YoY.
- Nonperforming loans increased due to a single commercial credit; NPL/loans 0.88%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/721994/000072199424000097/0000721994-24-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/721994/000072199424000097/lkfn-20240725.htm
  HTML page:      https://secwatch.observer/filing/0000721994-24-000097

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