---
schema_version: "secwatch.filing_event.v1"
accession: "0000721994-25-000124"
form_type: "8-K"
ticker: "LKFN"
cik: "0000721994"
company_name: "LAKELAND FINANCIAL CORP"
filed_at: "2025-04-25T23:59:59+00:00"
generated_at: "2026-05-23T06:19:13.365281+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lakeland Financial Q1 net income down 14% to $20.1M; EPS $0.78; NII up 12%

## Summary
- Net income $20.1M ($0.78 dil. EPS) vs $23.4M ($0.91) YoY, down 14%; revenue $63.8M (+6%).
- Net interest income +12% to $52.9M; NIM expanded 25bps to 3.40% on deposit cost declines.
- Provision expense $6.8M (vs $1.5M YoY) driven by specific reserve on $43.3M nonperforming credit.
- Nonperforming assets surged 280% YoY to $57.9M; watch list loans at 4.13% of total loans.
- Dividend raised 4% to $0.50/sh; share repurchase program reauthorized through 2027 with $30M remaining.

## SEC filing metadata
- accession: 0000721994-25-000124
- form_type: 8-K
- ticker: LKFN
- cik: 0000721994
- company_name: LAKELAND FINANCIAL CORP
- filed_at: 2025-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/721994/000072199425000124/0000721994-25-000124-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/721994/000072199425000124/lkfn-20250425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000721994-25-000124
- JSON: https://secwatch.observer/filing/0000721994-25-000124.json
- Plain text: https://secwatch.observer/filing/0000721994-25-000124.txt

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