LAKELAND FINANCIAL CORP SEC Filings

Lakeland Financial Corp director Bradley J. Toothaker received a grant of 160 phantom stock units on Common Stock. These units were awarded as a derivative grant and increase his phantom stock holdings to 19,185 units.

Each phantom stock unit converts into one share of Common Stock, but is only exercisable after his retirement from the Board and expires at that time, tying the award to his long-term board service.

Christian Darrianne P reported acquisition or exercise transactions in this Form 4 filing.

Lakeland Financial Corp director Darrianne P. Christian received a grant of 46 phantom stock units, each linked to one share of Common Stock. This non-cash award increases the director’s phantom stock holdings to 5,481 units. The phantom stock is exercisable, and then expires, after the director’s retirement from the board.

PICHON EMILY E reported acquisition or exercise transactions in this Form 4 filing.

Lakeland Financial Corp director Emily E. Pichon received a grant of 7 phantom stock units on May 5, 2026, tied 1-for-1 to the company’s common stock at a reference value of $61.9216 per unit. This compensation award increases her phantom stock holdings to 949 units. According to the terms, each phantom unit becomes exercisable and ultimately expires after her retirement from the Board, meaning there is no immediate share issuance or open-market transaction.

Abbasi Faraz reported acquisition or exercise transactions in this Form 4 filing.

Lakeland Financial Corp director Faraz Abbasi reported a grant of 21 phantom stock units tied to the company’s common stock. The units were awarded at a reference value of $61.9216 per unit and increase his phantom stock holdings to 1,741 units.

Each phantom stock unit is economically equivalent to one share of common stock and becomes exercisable only after his retirement from the board, at which point it settles into common shares. This is a compensation-related award rather than an open-market stock purchase or sale.

LAKELAND FINANCIAL CORP director Daniel Brian Starr received a grant of 4 phantom stock units tied to the company’s Common Stock. The award is recorded at a reference price of $61.9216 per unit and increases his phantom stock holdings to 406 units.

Each phantom stock unit converts into 1 share of Common Stock and is exercisable only after his retirement from the Board. The phantom shares also expire after his retirement, highlighting that this is a compensation-related, non–open-market acquisition rather than a purchase on the stock exchange.

Lakeland Financial Corp Executive Vice President Eric H. Ottinger reported an open-market sale of company stock. On May 1, 2026, he sold 2,136 shares of Common Stock at $61.4900 per share. After this transaction, he directly owns 33,257 shares of Lakeland Financial Corp common stock.

Lakeland Financial Corporation reported stronger results for the quarter ended March 31, 2026. Net income rose to $26.5 million from $20.1 million a year earlier, with diluted EPS steady at $1.04 versus $0.78. Net interest income increased to $56.8 million, while the provision for credit losses declined to $2.0 million from $6.8 million, supporting earnings.

Total assets reached $7.08 billion, driven by loan growth to $5.48 billion and deposits to $6.19 billion. The allowance for credit losses was $68.9 million. Noninterest income improved to $12.9 million, and noninterest expense rose to $35.2 million. Accumulated other comprehensive loss widened, reflecting unrealized losses on securities as interest rates affected bond values.

Lakeland Financial Corporation released a first quarter 2026 investor presentation highlighting strong capital, solid profitability and balanced growth at Lake City Bank. Tangible common equity to tangible assets was 10.53%, with adjusted tangible common equity to adjusted tangible assets of 12.20%, and the total risk-based capital ratio was 15.58%, well above well-capitalized thresholds.

Year-to-date 2026 net income increased 32% to $26,478,000, and diluted EPS rose 33% versus the prior year period. Net interest income grew 7% year over year, with the fully tax-equivalent net interest margin improving to 3.49% and expanding 9 basis points over first quarter 2025. Average loans grew 5% year over year to about $5.44 billion, while average deposits rose 3% to about $6.06 billion, keeping funding predominantly core.

Asset quality remained strong, with nonperforming loans and watchlist levels near historic lows and the allowance for credit losses at 1.28% of total loans excluding PPP as of early 2026. The company reported a year-to-date 2026 return on average assets of 1.52%, return on average equity of 13.89%, and return on average tangible common equity of 13.96%. The quarterly dividend continued to grow, with the dividend per share up 4% year over year, reflecting confidence in earnings and capital strength.

Lakeland Financial Corporation reported record first-quarter 2026 results, with net income of $26.5 million, up 32% from $20.1 million a year earlier. Diluted EPS rose to $1.04, a 33% increase over $0.78 in the first quarter of 2025, reflecting stronger profitability.

Pretax pre-provision earnings grew 11% year-over-year to $34.6 million as both net interest income and fee-based revenue expanded. Net interest margin improved to 3.49% from 3.40%, helped by lower funding costs that more than offset slightly lower earning-asset yields.

Loan growth remained solid, with average loans up 5% year-over-year to $5.44 billion, while average deposits increased 3% to $6.06 billion. Asset quality strengthened, as nonperforming assets fell 64% to $20.9 million and watch list loans declined to 3.33% of total loans.

Capital levels stayed strong, with a total capital ratio of 15.58% and tangible common equity to tangible assets of 10.53%. The company repurchased 336,853 shares for $19.2 million and raised its quarterly dividend 4% to $0.52 per share.