Lakeland Financial Q2 FY26 net income rises 5% to $28.4 million; revenue climbs 7% to $70.9 million
LKFN•Dividend and buybacks
The board declares a $0.52 quarterly dividend, up 4% year over year; repurchases total $4.1 million at $58.20 per share.
Loan and deposit growth
Average loans increase 6% to $5.53 billion; period-end loans grow 7% to $5.58 billion, led by 10% commercial and industrial growth.
Core deposits rise 4% from Q1 to $6.03 billion; total deposits increase 2% year over year to $6.33 billion.
Q2 results and margin expansion
Lakeland Financial posts Q2 net income of $28.4 million, up 5% year over year; diluted EPS rises 9% to $1.13.
Revenue climbs 7% to $70.9 million; net interest margin widens 7 basis points to 3.49%.
