Lakeland Financial Q2 net income jumps 20%

Lakeland Financial

25/07/2025 12:13

Overview

Lakeland Financial Q2 net income rises 20% yr/yr to $27 mln

Diluted EPS for Q2 increases 20% to $1.04

Net interest income grows 14%, driven by improved net interest margin

Outlook

Company highlights strong capital position supporting future growth

Company notes  there appears to be less concern on the impact of tariffs that it heard from borrowing clients previously

Result Drivers

NET INTEREST INCOME - Driven by a 25 basis point improvement in net interest margin to 3.42%, contributing to a 14% increase in net interest income

LOAN AND DEPOSIT GROWTH - Average loans grew by 4% and core deposits increased by 8%, supporting overall financial performance

ASSET QUALITY IMPROVEMENT - Nonaccrual loans declined by 46%, and provision expenses decreased significantly, enhancing asset quality

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$1.04
Q2 Net Income
$26.97 mln
Q2 Net Interest Income
$54.88 mln
Q2 CET1 Capital Ratio
14.7%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Lakeland Financial Corp is $65.00, about 1.1% above its July 24 closing price of $64.26

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nGNX6KJZMB

(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.)