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Get filing alertsLakeland 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
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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 → -
medium
Asset quality remained strong: NPLs 0.28% of total loans, NPAs 0.25% of assets, ACL 1.27% of loans, net chargeoffs 0.08% of average loans; watchlist loans 3.55% near historic lows.
Exhibit 99.1 view on EDGAR → -
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Capital ratios well above regulatory minimums: TCE/tangible assets 10.63% (12.14% adjusted), CET1 14.13%, total risk-based capital 15.27%; $155.5M unrealized AFS losses disclosed.
Exhibit 99.1 view on EDGAR →
Summary
Lakeland Financial disclosed second quarter 2026 results showing solid profitability growth and margin expansion. Net income climbed 17% year-over-year in the first half of 2026 to $54.9 million, driven by a 7 basis point improvement in net interest margin to 3.49%.
The margin expansion reflects faster repricing of deposit costs than loan yields during the recent easing cycle, with deposit betas of 43% versus loan betas of 30%. Cost of funds declined to 2.16% from a 2.90% peak in mid-2024, supporting earnings momentum. The balance sheet grew modestly with loans up 5% and deposits up 3% year-over-year, maintaining a healthy 89% loan-to-deposit ratio.
Asset quality metrics remained strong across the board: nonperforming loans at 0.28% of total loans, net chargeoffs at just 0.08%, and watchlist loans near historic lows at 3.55%. Capital ratios significantly exceed well-capitalized thresholds, with tangible common equity at 10.63% of tangible assets (12.14% adjusted for $155.5 million in unrealized AFS losses) and CET1 at 14.13%. The results demonstrate effective liability management and credit discipline in a transitional rate environment.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
LKFN filed an investor presentation for use in upcoming meetings with investors and analysts.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
The executive officers of Lakeland Financial Corporation intend to use the material filed herewith, in whole or in part, in one or more meetings with investors and analysts. A copy of the investor presentation is attached hereto as Exhibit 99.1.
The company filed an investor presentation (Exhibit 99.1) that management plans to use in upcoming meetings with investors and analysts.This is a routine Regulation FD disclosure to ensure equal access to information that will be shared in private meetings.
Event · Exhibit 99.1
Lakeland Financial reported Q2 2026 results via investor presentation: net income up 17% YOY, NIM expanded 7bp, loan growth 5%, deposit growth 3%.
Added in current filing · view on EDGAR → · paraphrased
Net Income Improves by 17% in First Half of 2026 ... YTD 2025 $47,051 ... YTD 2026 $54,918 ... 2026 Diluted EPS YOY 19%
Lakeland Financial disclosed second quarter 2026 results showing net income of $54.9 million for the first half of 2026, up 17% from $47.1 million in the first half of 2025. Diluted earnings per share increased 19% year-over-year. The company also reported pretax pre-provision earnings of $71.0 million for the first half of 2026, up 6% from $67.0 million in the prior year period.
Added in current filing · view on EDGAR →
TCE/Tangible Assets 10.63% Adj. TCE/Adj. Tangible Assets 12.14% Total Risk-Based 15.61% Leverage 12.17% ... Tier 1 Leverage Ratio 11.89% ... Common Tier 1 (CET) 14.13% ... Tier 1 Risk Based Capital 14.13% ... Tier 2 Risk Based Capital 15.27%
Lakeland Financial maintained a fortress balance sheet with tangible common equity to tangible assets of 10.63% (12.14% adjusted to exclude unrealized AFS losses). All regulatory capital ratios exceeded well-capitalized thresholds: Tier 1 leverage at 11.89%, CET1 at 14.13%, and total risk-based capital at 15.27%. The company disclosed $155.5 million in unrealized losses on the investment portfolio as of June 30, 2026.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 28, 2026 · How we verify