Lakeland Financial Corporation (NASDAQ:LKFN) announced on October 27, 2025 that it earned net income of $26.4 million for the three months ended September 30, 2025, a 13% increase from $23.3 million in the same period a year earlier. Diluted earnings per share rose to $1.03, up $0.12 from $0.91 in Q3 2024, while linked‑quarter earnings slipped 2% to $27.0 million due to a $3.1 million decline in the prior quarter’s results.
Net interest income grew to $56.1 million, up 14% from $49.3 million in Q3 2024, and the net interest margin expanded to 3.50% from 3.16% a year earlier, driven by lower funding costs and a modest decline in loan yields. Total loans increased to $5.21 billion, up 3% from $5.06 billion in Q3 2024, supported by $400 million in new commercial and industrial originations. Deposits rose to $6.02 billion, a 3% year‑over‑year gain, largely from core deposits and public‑fund growth.
The company’s provision for credit losses fell to $2.0 million in Q3 2025, down $1.1 million from the prior year quarter, and the allowance for credit losses to total loans ratio improved to 1.30%. Capital strength remained robust, with the risk‑weighted asset ratio at 16.22% and tangible common equity to tangible assets at 10.79%. A $0.50 per‑share dividend was approved for the third quarter, a 4% increase over the 2024 dividend.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.