secwatch.observer — SEC 8-K summary
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Issuer:     LAKELAND FINANCIAL CORP (LKFN)
CIK:        0000721994
Form:       8-K
Filed at:   2024-10-25T23:59:59+00:00
Accession:  0000721994-24-000137
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/721994/000072199424000137/0000721994-24-000137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/721994/000072199424000137/lkfn-20241025.htm
  HTML page:      https://secwatch.observer/filing/0000721994-24-000137

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