---
schema_version: "secwatch.filing_event.v1"
accession: "0000721994-24-000137"
form_type: "8-K"
ticker: "LKFN"
cik: "0000721994"
company_name: "LAKELAND FINANCIAL CORP"
filed_at: "2024-10-25T23:59:59+00:00"
generated_at: "2026-05-30T10:13:24.096868+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lakeland Financial reports YTD 2024 net income up 8%; NPLs rise to 0.87% of loans

## Summary
- Diluted EPS YTD 2024 $2.69 vs $2.49 prior year, +8%; net income $69.3M up 8%.
- Net interest margin (FTE) 3.16% YTD vs 3.33% prior year, down 17 bps.
- Average loans $5.02B (+5%); average deposits $5.78B (+4%).
- Nonperforming loans/total loans rose to 0.87% from 0.25% at year-end 2023, due to single commercial credit.
- Tangible book value per share $27.07; TCE/Tangible Assets 10.47%.

## SEC filing metadata
- accession: 0000721994-24-000137
- form_type: 8-K
- ticker: LKFN
- cik: 0000721994
- company_name: LAKELAND FINANCIAL CORP
- filed_at: 2024-10-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/721994/000072199424000137/0000721994-24-000137-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/721994/000072199424000137/lkfn-20241025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000721994-24-000137
- JSON: https://secwatch.observer/filing/0000721994-24-000137.json
- Plain text: https://secwatch.observer/filing/0000721994-24-000137.txt

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