secwatch.observer — SEC 8-K summary
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Issuer:     LAKELAND FINANCIAL CORP (LKFN)
CIK:        0000721994
Form:       8-K
Filed at:   2025-04-25T23:59:59+00:00
Accession:  0000721994-25-000124
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/721994/000072199425000124/0000721994-25-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/721994/000072199425000124/lkfn-20250425.htm
  HTML page:      https://secwatch.observer/filing/0000721994-25-000124

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