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Lakeland Financial Corp. - LKFN STOCK NEWS

Welcome to our dedicated news page for Lakeland Financial (Ticker: LKFN), a resource for investors and traders seeking the latest updates and insights on Lakeland Financial.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lakeland Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lakeland Financial's position in the market.

Rhea-AI Summary
Lake City Bank, a subsidiary of Lakeland Financial Corporation, will participate in the Keefe, Bruyette & Woods Winter Financial Services Conference. The bank, with $6.5 billion in assets, operates 53 branches in Indiana. The management team will engage in one-on-one meetings with institutional investors, presenting materials available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.58%
Tags
conferences
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Rhea-AI Summary
Lakeland Financial Corporation (LKFN) reported a decrease in net income and diluted earnings per share for the twelve months ended December 31, 2023, compared to the prior year. However, net income for the three months ended December 31, 2023, saw an increase from the same period in 2022. The company's core operational profitability also decreased for the twelve months ended December 31, 2023, but net income for the fourth quarter of 2023 benefited from insurance recoveries and loss recoveries associated with a wire fraud loss. The company's return on average equity and assets improved in the fourth quarter of 2023 compared to the same period in 2022. The bank's diversified deposit base remained stable, with an increase in total deposits and core deposits. The company's capital strength and liquidity access improved, with continued growth in all capital ratios and available liquidity. The investment portfolio decreased in 2023, but the company expects it to continue to decrease over time as the proceeds from pay downs, sales, and maturities of these investment securities are used to fund loan portfolio growth and for other general liquidity purposes. The net interest margin contracted in the fourth quarter of 2023 compared to the same period in 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.21%
Tags
earnings
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Rhea-AI Summary
Lakeland Financial Corporation (LKFN) announced a 4% increase in their quarterly cash dividend for the first quarter of 2024, now at $0.48 per share. Lake City Bank, the company's subsidiary, has consistently strong operating performance and an exceptionally strong capital base. The bank operates 53 branch offices in Indiana and is the seventh largest bank in the state.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.01%
Tags
dividends
Rhea-AI Summary
Lakeland Financial Corporation (Nasdaq: LKFN) appoints David M. Findlay as Chairman of the Board, succeeding Michael L. Kubacki. Findlay, currently the CEO of both organizations, will take on the additional role. Director Blake W. Augsburger appointed as Lead Independent Director. The transition marks a period of growth and performance for the bank and its shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.62%
Tags
none
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Rhea-AI Summary
Lakeland Financial Corporation reports Q3 2023 net income of $25.3 million, a decrease of 11% compared to Q3 2022. Diluted earnings per share decreased by 12%. Net income for the nine months ended September 30, 2023, decreased by 18% to $64.1 million. Loan growth of 8% and deposit contraction of less than 1%. Return on average equity decreased to 16.91% from 19.39%. Total risk-based capital ratio decreased to 15.14% from 15.38%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.97%
Tags
earnings
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Rhea-AI Summary
Lakeland Financial Corporation reports a decrease in net income for Q2 2023 compared to Q2 2022. Loan growth of $438 million and expansion in net interest margin are positive highlights. The company also experienced a wire fraud loss of $18.1 million. Capital strength remains strong with a total capital ratio of 14.94%. The company's board of directors approved a cash dividend of $0.46 per share for Q2 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.85%
Tags
earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.11%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.96%
Tags
earnings
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.96%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.27%
Tags
none
Lakeland Financial Corp.

Nasdaq:LKFN

LKFN Rankings

LKFN Stock Data

1.70B
24.73M
3.28%
83.04%
8.22%
Commercial Banking
Finance and Insurance
Link
US
Warsaw

About LKFN

Lakeland Financial Corp is a bank holding company. It provides commercial, retail, wealth advisory and investment management services. Lakeland offers a broad array of products and services throughout its Northern and Central Indiana markets.