[8-K] LAKELAND FINANCIAL CORP Reports Material Event

Rhea-AI Filing Summary

Lakeland Financial Corporation’s board amended its existing share repurchase program to expand the total amount of common stock it may buy back from $30 million to $60 million. This change gives the company more room to return capital to shareholders through stock repurchases.

Under the amended program, Lakeland Financial may repurchase its common stock from time to time until April 30, 2027, using methods such as open-market purchases, block trades, or privately negotiated transactions. As of March 5, 2026, it had remaining repurchase authorization with an aggregate purchase price of approximately $34 million, and the company can extend, modify, suspend, or discontinue the program at any time.

Insights

Banking equity analyst

Lakeland Financial doubled its authorized share repurchase capacity, increasing potential capital return flexibility.

The board raised the common stock repurchase authorization from $30 million to $60 million, signaling a willingness to allocate more capital to buybacks. As of March 5, 2026, about $34 million of that capacity remained available for future repurchases.

Because the program runs through April 30, 2027 and remains fully discretionary, the actual impact will depend on how aggressively Lakeland Financial uses this authorization, taking into account market conditions, capital levels, and other strategic priorities disclosed in future communications.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549  

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): March 5, 2026  

LAKELAND FINANCIAL CORPORATION

(Exact name of Registrant as specified in its charter) 

Indiana

0-11487

35-1559596

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

202 East Center Street,
Warsaw			,			Indiana			46580
(Address of principal executive offices)									(Zip Code)

Registrant’s telephone number, including area code: (574) 267-6144

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, no par value

LKFN

The Nasdaq Stock Market, LLC

Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (s230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (s240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the Registrant has elected not to use extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

Item 8.01. Other Events

On March 5, 2026, the board of directors of Lakeland Financial Corporation ("Company") amended the existing share repurchase program to increase the aggregate amount of the Company’s common stock that the Company is authorized to repurchase, from $30 million to $60 million. Under the amended repurchase program, the Company is authorized to repurchase, from time to time as the Company deems appropriate until the program’s expiration on April 30, 2027, shares of the Company's common stock with an aggregate purchase price of up to $60 million. Repurchases may be made in the open market, through block trades or otherwise, and in privately negotiated transactions. As of March 5, 2026, the amended repurchase program has remaining aggregate purchase price authority of approximately $34 million. The amended repurchase program does not obligate the Company to repurchase any dollar amount or number of shares, and the program may be extended, modified, suspended or discontinued at any time.

Item 9.01. Financial Statements and Exhibits

(d)    Exhibits

104    Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

LAKELAND FINANCIAL CORPORATION

Dated: March 6, 2026			By:			/s/ Lisa M. O'Neill
						Lisa M. O’Neill
						Executive Vice President
						and Chief Financial Officer

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.7 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.1 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.2 KB