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:  0000721994-25-000125
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LKFN Q1 net income falls 14% YoY; NIM expands 15 bps to 3.40%
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- Net income YTD 2025 $20.1M vs $23.4M YoY; diluted EPS $0.78 vs $0.91.
- Net interest margin expanded 15 bps linked-quarter to 3.40% in Q1 2025.
- Average loans and deposits each grew 4% YoY to $5.2B and $5.9B respectively.
- Nonperforming loans/total loans rose to 0.85% from 0.27% in 2024, citing a single commercial credit.
- Strong capital: TCE/tangible assets 10.09%, total risk-based capital 15.77%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/721994/000072199425000125/0000721994-25-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/721994/000072199425000125/lkfn-20250425.htm
  HTML page:      https://secwatch.observer/filing/0000721994-25-000125

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