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:  0000721994-25-000041
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lakeland Financial reports flat FY2024 net income of $93.5M, EPS $3.63
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- Net income $93.5M ($3.63 EPS) in FY2024, flat YoY; pretax pre-provision earnings up 11% to $128.4M.
- Average loans $5.04B (+5% YoY); net interest margin 3.18% (down 13bps YoY).
- Deposit costs fell to 2.56% in 4Q24 from 2.90% peak in 2Q24; total deposits $5.9B.
- TCE/tangible assets 10.19%, total risk-based capital 15.90% - well above well-capitalized thresholds.
- Asset quality: ACL 1.68% of loans; nonperforming loans/total loans 0.25%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/721994/000072199425000041/0000721994-25-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/721994/000072199425000041/lkfn-20250124.htm
  HTML page:      https://secwatch.observer/filing/0000721994-25-000041

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