Lakeland Finl Corp Stock Price, News & Analysis

Lake City Bank (NASDAQ:LKFN) has expanded its presence in the Indianapolis market with the opening of its newest branch in downtown Westfield, Indiana on September 2, 2025. The full-service office, located at 170 Jersey St., represents the bank's 55th overall branch and 9th location in the Indianapolis Region.

The new branch is strategically positioned within The Union at Grand Junction development, where Lake City Bank also serves as a financing partner. The development features a mix of apartments, retail space, offices, restaurants, and public parking. Stacy R. Oswald, Vice President and Retail Banking Officer with 23 years of industry experience, will manage the Westfield location.

Lake City Bank, founded in 1872, is a $7 billion financial institution headquartered in Warsaw, Indiana, operating under Lakeland Financial Corporation.

[ "Strategic expansion with 9th branch in the Indianapolis market", "Bank serves as financing partner for The Union at Grand Junction development", "Location in a vibrant mixed-use development with strong economic momentum", "Experienced management with local community ties" ]

Lakeland Financial Corporation (NASDAQ:LKFN) reported record Q2 2025 performance with net income of $27.0 million, a 20% increase from Q2 2024. The company achieved diluted EPS of $1.04, up 20% year-over-year.

Key financial highlights include: net interest margin improvement to 3.42%, 14% growth in net interest income, and core deposits growth of $423.9 million (8%) to $6.03 billion. The company's loan portfolio expanded by $194.8 million (4%) to $5.23 billion, while maintaining strong capital ratios with a total risk-based capital ratio of 15.86%.

The board approved a quarterly cash dividend of $0.50 per share, representing a 4% increase from Q2 2024. The company also repurchased 30,300 shares for $1.7 million during the quarter.

Lake City Bank (NASDAQ:LKFN) announced that Chairman and CEO David M. Findlay has been named to the Indianapolis Business Journal's Indiana 250 list for the fourth consecutive year. The recognition highlights influential leaders across business, philanthropy, arts, government, and non-profits in Indiana.

Findlay, who has served in various leadership roles at Lake City Bank since 2000, currently leads the $6.9 billion bank headquartered in Warsaw, Indiana. The bank operates 54 branch offices throughout Central and Northern Indiana, focusing on community banking and technology-forward solutions.

Lake City Bank (NASDAQ:LKFN) has announced the acquisition of a property at 6388 Mills Drive in Whitestown, Indiana, which will be converted into a full-service branch expected to open in 2026. This expansion marks the bank's first presence in Boone County and will be its 10th office in the Indianapolis Region since entering the market in 2011.

The property, previously housing restaurants, will undergo renovations to become a modern banking facility featuring a full-service lobby, drive-up banking, and an ATM. The strategic location near Interstate 65 positions the bank to serve both residential and business customers in the growing Whitestown community. Lake City Bank, a $6.9 billion institution headquartered in Warsaw, Indiana, currently operates 54 branch offices across Central and Northern Indiana.

Lake City Bank (LKFN) has announced the return of Gregory C. Brown as Senior Vice President, Commercial Elkhart Regional Manager to lead their newly formed Commercial Elkhart Region. The strategic creation of this region aims to better serve Elkhart's growing business community, where the bank has operated since 1990. Brown, who previously served as Commercial Banking Officer from 2016-2021, brings 30 years of financial services experience and deep local market knowledge. He will lead a team of three Commercial Banking Officers in Elkhart, while Todd A. Bruce will continue leading the Commercial North Region focusing on St. Joseph County and surrounding areas. Lake City Bank, a $6.9 billion institution headquartered in Warsaw, Indiana, operates 54 branch offices across Central and Northern Indiana, emphasizing community banking and technology-forward solutions.

Lakeland Financial Corporation (NASDAQ: LKFN) and Lake City Bank have appointed two new members to their Boards of Directors: Dan Starr, CEO of Do it Best Corp., and Mindy Creighton Truex, President of Creighton Brothers Farms LLC.

Starr brings extensive experience as CEO of Do it Best Corp., a Fort Wayne-based hardware and building materials cooperative with global presence. He previously served as a partner at Barnes & Thornburg LLP and currently chairs the Parkview Health Board of Directors.

Creighton Truex, a sixth-generation Kosciusko County farmer, leads Creighton Brothers Farms and has significant experience in agricultural advocacy, serving on various boards including the American Egg Board and United Egg Producers.

Lake City Bank, founded in 1872, operates 54 branch offices across Central and Northern Indiana with $6.9 billion in assets.

Lakeland Financial (LKFN) reported Q1 2025 net income of $20.1 million, down 14% from $23.4 million in Q1 2024. Net interest income increased 12% with a net interest margin of 3.40%, up 25 basis points year-over-year.

Key highlights include:

• Diluted EPS decreased to $0.78 from $0.91 year-over-year
• Average loans grew 4% to $5.19 billion
• Core deposits increased 7% to $5.83 billion
• Tangible book value per share grew 7% to $26.85

The company announced a quarterly dividend of $0.50 per share, a 4% increase from Q1 2024, and reauthorized a share repurchase program with $30.0 million remaining capacity through April 2027. The bank maintains strong capital levels with total capital at 15.77% of risk-weighted assets.

Lakeland Financial reported annual net income of $93.5 million for 2024, slightly down from $93.8 million in 2023. Q4 2024 net income was $24.2 million, an 18% decrease from Q4 2023, with diluted EPS of $0.94, down 19% year-over-year.

The company demonstrated solid growth with average loans increasing 5% to $5.04 billion and core deposits growing 5% to $5.9 billion. Net interest margin improved to 3.25% in Q4 2024, up from 3.16% in Q3 2024. The total capital ratio strengthened to 15.90%, well above the 10% regulatory requirement.

Notable Q4 metrics include tangible book value per share growth of 5% to $26.47, return on average equity of 13.87%, and return on average assets of 1.42%. The board approved a Q4 cash dividend of $0.50 per share, representing a 4% increase from Q4 2023.

Lake City Bank has promoted Stephanie R. Leniski to Executive Vice President, Chief Retail Banking Officer. With a 30-year banking career that began as a teller in 1995, Leniski joined Lake City Bank in 2002 and has held various leadership positions, including Vice President, North Region Retail Banking Manager, and Senior Vice President.

In her role, Leniski oversees 54 offices and 286 Retail Banking team members. She leads retail product innovations, serves on multiple bank committees, and co-leads the Branch Development Committee. Lake City Bank, a $6.6 billion institution headquartered in Warsaw, Indiana, operates throughout Central and Northern Indiana, focusing on community banking while delivering technology-forward solutions for retail and commercial clients.