secwatch.observer — SEC 8-K summary
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Issuer:     LAKELAND FINANCIAL CORP (LKFN)
CIK:        0000721994
Form:       8-K
Filed at:   2025-01-24T23:59:59+00:00
Accession:  0000721994-25-000040
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/721994/000072199425000040/0000721994-25-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/721994/000072199425000040/lkfn-20250124.htm
  HTML page:      https://secwatch.observer/filing/0000721994-25-000040

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