earnings
confidence high
sentiment positive
materiality 0.80
Lakeland Financial reports record Q2 net income of $28.4M, EPS $1.13, revenue up 7%
LAKELAND FINANCIAL CORP
- Record Q2 net income of $28.4M (+5% YoY); diluted EPS $1.13 (+9% YoY).
- Total revenue $70.9M (+7% YoY); net interest margin 3.49% (+7 bps).
- Loans grew 7% to $5.58B; core deposits 95% of total deposits.
- Dividend increased 4% to $0.52/share; repurchased 70,873 shares at $58.20.
- Nonperforming assets down 36% to $20.0M; net charge-offs near zero.