Lakeland Financial Q2 net income record $27.0M (+20% YoY); dividend raised to $0.50

LAKELAND FINANCIAL CORP

2025-Q2 EPS reported $1.82

Net income $27.0M, diluted EPS $1.04 (+20% YoY); net interest income $54.9M (+14%).
Net interest margin expanded 25 bps to 3.42%; core deposits grew 8% to $6.03B.
Total loans $5.23B (+4% YoY); provision expense fell to $3.0M from $8.5M.
Nonperforming assets down 46% to $31.1M; $28.6M charge-off on previously disclosed loan, fully reserved.
Quarterly dividend raised 4% to $0.50 per share; 30,300 shares repurchased at $55.94 avg.

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