---
schema_version: "secwatch.filing_event.v1"
accession: "0000721994-25-000040"
form_type: "8-K"
ticker: "LKFN"
cik: "0000721994"
company_name: "LAKELAND FINANCIAL CORP"
filed_at: "2025-01-24T23:59:59+00:00"
generated_at: "2026-05-27T12:20:19.111744+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lakeland Financial Q4 net income down 18% YoY to $24.2M; NIM expands 9 bps, credit costs rise

## Summary
- Annual net income $93.5M, diluted EPS $3.63, versus $93.8M ($3.65) in 2023.
- Q4 net income $24.2M ($0.94 EPS) decreased 18% YoY; pretax pre-provision earnings $32.9M down 9% YoY.
- Net interest margin improved 9 bps to 3.25% linked quarter; average loans grew 5% YoY.
- Provision expense $3.7M (vs $300K) on downgrade of a $43.3M industrial credit; NPA ratio 0.85% vs 0.25%.
- Total risk-based capital 15.90%; dividend increased 4% to $0.50 per share.

## SEC filing metadata
- accession: 0000721994-25-000040
- form_type: 8-K
- ticker: LKFN
- cik: 0000721994
- company_name: LAKELAND FINANCIAL CORP
- filed_at: 2025-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/721994/000072199425000040/0000721994-25-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/721994/000072199425000040/lkfn-20250124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000721994-25-000040
- JSON: https://secwatch.observer/filing/0000721994-25-000040.json
- Plain text: https://secwatch.observer/filing/0000721994-25-000040.txt

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