---
schema_version: "secwatch.filing_event.v1"
accession: "0000721994-24-000136"
form_type: "8-K"
ticker: "LKFN"
cik: "0000721994"
company_name: "LAKELAND FINANCIAL CORP"
filed_at: "2024-10-25T23:59:59+00:00"
generated_at: "2026-05-30T10:13:17.732930+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lakeland Financial Q3 net income down 8% YoY; NPA surge 247% due to industrial credit

## Summary
- Net income $23.3M ($0.91 EPS), down 8% YoY; linked quarter up 3%.
- Nonperforming assets surged 247% to $58.1M, driven by one industrial borrower.
- Provision expense $3.1M vs $400k prior year; watch list loans 5.27% of total.
- Core deposits grew 5% YoY; tangible book value per share up 25% to $27.07.
- Dividend increased 4% to $0.48/share, payable Nov 5, 2024.

## SEC filing metadata
- accession: 0000721994-24-000136
- form_type: 8-K
- ticker: LKFN
- cik: 0000721994
- company_name: LAKELAND FINANCIAL CORP
- filed_at: 2024-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/721994/000072199424000136/0000721994-24-000136-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/721994/000072199424000136/lkfn-20241025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000721994-24-000136
- JSON: https://secwatch.observer/filing/0000721994-24-000136.json
- Plain text: https://secwatch.observer/filing/0000721994-24-000136.txt

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