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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 (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.
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.
Lake City Bank (NASDAQ:LKFN) partnered with Spiral to add a branded Roundup Center called Lake City Bank SpendSave, enabling customers to round up debit card purchases and direct spare change to savings or charitable causes.
The program includes split allocations between savings and donations, support for local and national nonprofits, real-time impact tracking, and tax-deductible donation receipts. Lake City Bank and Spiral say the integration aims to enhance financial wellness, enrich digital banking experiences, and help grow deposits through personalized roundups.
Lakeland Financial (Nasdaq: LKFN) reported Q3 2025 net income of $26.4 million, up 13% year-over-year, with diluted EPS of $1.03 (+13% YoY). Net interest income rose 14% and net interest margin expanded 34 basis points to 3.50%. Average loans were about $5.21 billion and total loans outstanding were $5.25 billion. Total deposits increased 3% YoY to $6.02 billion with core deposits representing 97% of the mix. Capital ratios strengthened: CET1 15.06% and total risk-based capital 16.22%. The board approved a $0.50 quarterly cash dividend payable Nov 5, 2025 (4% increase YoY). Unrealized available-for-sale securities losses were $159.9 million.
Lake City Bank (NASDAQ:LKFN) has announced a $12 million investment in its Innovation and Technology Center as part of its Downtown Warsaw Headquarters Campus expansion. The 35,600 square foot office building, purchased in 2024, will undergo complete renovation with completion expected by summer 2026.
The facility will serve as a central hub for the bank's Technology Services, Information Security, Application Management, and Project Management teams, with capacity for 110 employees, up from the current 40 team members. This investment adds to Lake City Bank's significant presence in Warsaw, where it currently employs 283 team members downtown, making it the largest downtown employer.
The project continues Lake City Bank's substantial investment in the region, following $23 million invested in Downtown Warsaw and $31 million countywide since 2010. The bank, founded in 1872, manages $7.0 billion in assets and operates 55 branch offices across Central and Northern Indiana.