Lakeland Financial Corporation reports developments for Lake City Bank, its single bank subsidiary serving Central and Northern Indiana. Recurring news includes quarterly and annual earnings, net interest income, loan growth, deposit trends, margin performance, capital levels, dividends and other common-stock actions tied to the company’s community banking model.
Company updates also cover Lake City Bank’s commercial and consumer banking services, trust and wealth management, treasury management, branch expansion, digital banking capabilities and technology investments. News may include customer-facing partnerships such as SpendSave, community banking initiatives, and leadership or industry association matters involving the bank’s role in Indiana financial services.
Lake City Bank (LKFN) plans to expand in Fort Wayne with a market headquarters and full-service branch at Electric Works.
The bank will lease approximately 15,025 square feet for its Commercial Banking and Credit Administration teams and open a 2,500 square foot branch. The bank expects the new branch and office space to open in the first half of 2027.
Lake City Bank (LKFN) has been named to the Piper Sandler Sm-All Stars Class of 2026, recognizing it as one of the top 25 small-cap banks and thrifts in the United States. It is the only bank headquartered in Indiana to make the list.
Piper Sandler evaluates publicly traded banks and thrifts with market capitalizations below $2.5 billion using seven financial variables. Recognized banks significantly outperformed industry medians in earnings, loan and deposit growth, and return on average equity, while meeting strict asset quality and capital standards over the 12 months ended June 30, 2026. This is the fourth time Lake City Bank has received this recognition. The bank has $7.2 billion in assets and serves Central and Northern Indiana through 55 branches and digital banking.
Lake City Bank (Nasdaq: LKFN) reported that it ranked 15th in its peer group in Bank Director Magazine's 2026 RankingBanking analysis of the 300 largest publicly traded U.S. banks, based on year-end 2025 performance.
The peer group covers 142 banks with $5 billion to $50 billion in assets. Lake City Bank also ranked first among Indiana-headquartered banks and in the top 10% of all banks in the full ranking, regardless of asset size. The RankingBanking scores are calculated by Piper Sandler using S&P Global Market Intelligence data and consider profitability, asset quality and capital adequacy. Lake City Bank reports $7.2 billion in assets and operates 55 branches in Central and Northern Indiana.
Lakeland Financial (Nasdaq: LKFN) reported record second quarter 2026 net income of $28.4 million, up 5% from $27.0 million a year earlier, with diluted EPS rising 9% to $1.13. First-half 2026 net income increased 17% to $54.9 million and EPS rose 19% to $2.17.
Second quarter total revenue grew 7% year over year to $70.9 million, driven by a 6% increase in net interest income and 9% growth in noninterest income. Loans rose 7% to $5.58 billion, while core deposits reached $6.03 billion, representing 95% of total deposits. Net interest margin expanded 7 basis points to 3.49%.
Capital remained strong with a total risk-based capital ratio of 15.61% and a tangible common equity ratio of 10.63%. The company repurchased 70,873 shares for $4.1 million and increased its quarterly dividend 4% to $0.52 per share. Tangible book value per share grew 12% year over year to $30.75.
Lake City Bank (Nasdaq: LKFN) announced that Chairman and CEO David M. Findlay and President Kristin L. Pruitt have been named to the Indianapolis Business Journal’s Indiana 250 list for 2026, which highlights influential leaders across business, philanthropy, arts, government and not‑for‑profits.
According to Lake City Bank, this is Findlay’s fifth consecutive inclusion, while Pruitt is recognized for the first time. The bank, a $7.1 billion institution founded in 1872 and headquartered in Warsaw, Indiana, operates 55 branches and emphasizes a community banking model and digital banking platform serving Central and Northern Indiana.
Lakeland Financial (Nasdaq: LKFN) reported record first-quarter 2026 net income of $26.5 million, up 32% year-over-year, and diluted EPS of $1.04, up 33% year-over-year. Average loans grew 5% to $5.44 billion and net interest margin expanded to 3.49%.
The quarter included $19.2 million of share repurchases, a 4% higher quarterly dividend of $0.52, improved tangible book value per share, and capital ratios that remain above regulatory "well capitalized" thresholds.
Lakeland Financial (Nasdaq: LKFN) reported record fourth-quarter net income of $29.9 million, up 24% year-over-year, and full-year net income of $103.4 million, up 11% from 2024. Diluted EPS was $1.16 for Q4 2025 and $4.01 for the year. Total revenue for Q4 was $69.8 million (up 10% YoY) and annual revenue was $269.0 million (up 6% YoY). Net interest income expanded (NII +12% Y/Y) and net interest margin improved to 3.48% versus 3.25% a year ago. Average loans grew to $5.27 billion and core deposits represented 99% of total deposits. CET1 capital was 14.77% and the board approved a quarterly cash dividend of $0.52 payable Feb 5, 2026.
Lake City Bank (Nasdaq: LKFN) promoted Senior Vice President Donald J. Robinson-Gay to Executive Vice President, Chief Credit Officer, effective with the announcement dated Jan 15, 2026. Robinson-Gay has served as the bank’s Chief Credit Officer for the past three years and joined the management committee in 2023. His responsibilities include management of the loan portfolio, overseeing credit quality and policies, and participation on Corporate Loan Committee, Loan Review Committee and Risk Management Committee.
Robinson-Gay previously held regional credit and special assets roles, began his career at Accenture and held banking roles at M&I Bank and BMO Harris. Lake City Bank is a $6.9 billion bank headquartered in Warsaw, Indiana, with 55 branches.
Lakeland Financial Corporation (Nasdaq: LKFN) announced a 4% increase in its quarterly cash dividend to $0.52 per share for Q1 2026, payable February 5, 2026 to shareholders of record as of January 25, 2026. The prior quarterly rate in 2025 was $0.50 per share.
Lake City Bank, the company's single bank subsidiary, is a $6.9 billion bank with 55 branches serving Central and Northern Indiana.
Lake City Bank (Nasdaq: LKFN) announced that David M. Findlay, Chairman and CEO of Lakeland Financial and Lake City Bank, has been named Chairman of the Indiana Bankers Association Board of Directors for 2026.
Findlay previously served as IBA Vice Chair in 2025 and is a 2019 Leaders in Banking Excellence honoree. He has held senior roles at Lakeland Financial since 2000. Lake City Bank is a $6.9 billion bank headquartered in Warsaw, Indiana, with 55 branches serving Central and Northern Indiana.