Lakeland Financial Corporation Q3 2025 Earnings Release

Lakeland Financial Corporation reported a 13% increase in net income to $26.4 million for the third quarter of 2025, compared to $23.3 million in the same period last year. Diluted earnings per share rose to $1.03, up from $0.91 in Q3 2024. The company's net interest income expanded by 14% to $56.1 million, driven by a 34 basis point improvement in the net interest margin to 3.50%. Loan growth was strong, with average loans increasing by $141.5 million, or 3%, to $5.21 billion. Asset quality improved significantly, with nonaccrual loans declining by 68% to $18.7 million. The company also announced a cash dividend of $0.50 per share, a 4% increase from the previous year.