Lakeland Financial reports Q2 2026 net income up 17% YOY, NIM expands 7bp to 3.49%

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

Key Changes

• high

  Net income rose 17% to $54.9M in H1 2026 from $47.1M in H1 2025; diluted EPS up 19% YOY as pretax pre-provision earnings grew 6% to $71.0M.

  Exhibit 99.1 view on EDGAR →
• high

  Net interest margin expanded 7bp to 3.49% in Q2 2026 from 3.42% in Q2 2025 as deposit costs repriced faster than loans (43% deposit beta vs 30% loan beta); cost of funds fell to 2.16% from 2.90% peak in Q2 2024.

  Exhibit 99.1 view on EDGAR →
• medium

  Average loans grew $278M (5%) YOY to $5.5B while deposits increased $199M (3%) to $6.2B; loan-to-deposit ratio at 89% with 69% of commercial loans variable-rate.

  Exhibit 99.1 view on EDGAR →