Lakeland Financial reports record Q2 net income of $28.4M, up 5% YoY, with 7% loan growth

Filed July 27, 2026 · Period ending July 27, 2026 · ~1 min read

Key Changes

• high

  Record Q2 net income of $28.4M (+5% YoY) and diluted EPS of $1.13 (+9% YoY), driven by 7% revenue growth to $70.9M and net interest margin expansion of 7 basis points to 3.49%.

  Exhibit 99.1 view on EDGAR →
• high

  Total loans grew 7% YoY to $5.58B, led by commercial and industrial loans (+10%, $150.6M) and consumer 1-4 family mortgages (+16%, $82.7M).

  Exhibit 99.1 view on EDGAR →
• high

  Funding costs fell 25 basis points YoY as deposit beta of 43% exceeded loan beta of 30% during the rate-easing cycle that began September 2024, driving margin expansion.

  Exhibit 99.1 view on EDGAR →