Lakeland Financial Q1 EPS hits record on loan growth, raises dividend

Lakeland Financial

27/04/2026 12:08

Overview

US regional bank reported Q1 net income up 32% and record EPS, both rising yr/yr

Company's revenue and net interest income grew on healthy loan growth and margin expansion

Repurchased 336,853 shares and raised dividend by 4% from prior year

Outlook

Lakeland Financial did not provide specific financial guidance for the current or future periods

Result Drivers

LOAN GROWTH - Q1 loan growth in both commercial and consumer segments drove higher revenue, per CEO David Findlay

NET INTEREST MARGIN EXPANSION - Net interest margin improved as funding costs fell faster than asset yields, aided by Fed rate cuts, per CFO Lisa O’Neill

NONINTEREST INCOME GROWTH - Higher loan and service fees, wealth advisory, and investment brokerage income contributed to noninterest income growth, per CEO David Findlay

Company press release: ID:nGNX4Bz05X

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$1.04
Q1 Net Income
$26.48 mln
Q1 Net Interest Income
$56.77 mln
Q1 CET1 Capital Ratio
14.45%
Q1 Net Interest Margin (%)
3.49%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "hold"

Wall Street's median 12-month price target for Lakeland Financial Corp is $63.00, about 5.5% above its April 24 closing price of $59.69

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)