[144] Tyler Technologies, Inc. SEC Filing

Rhea-AI Filing Summary

Q2 2025 highlights (unaudited)

• Net income $26.97 m (+19.6 % YoY); diluted EPS $1.04 vs $0.87.
• Net interest income climbed 13.6 % to $54.9 m as deposit costs fell, cutting total interest expense 13 %.
• Provision for credit losses trimmed to $3.0 m (vs $8.5 m), boosting net income after provision 30 %.
• Non-interest income dropped 44 % to $11.5 m due to prior-year $9 m Visa gain; core fee categories were broadly stable.
• Operating expenses down 9 % to $30.4 m, producing pre-tax profit $32.9 m (+22 %).

Six-month 2025: net income $47.1 m (+2 %), diluted EPS $1.82; operating cash flow $45 m.

Balance-sheet trends since Dec-24

• Total assets +4.3 % to $6.96 bn; loans +2.5 % to $5.16 bn.
• Total deposits +4.7 % to $6.18 bn; non-interest bearing balances -2.7 %, interest-bearing +6.8 %.
• Allowance for credit losses fell $19.4 m to $66.6 m (≈1.3 % of loans).
• Accumulated OCI improved $5.4 m but remains a $161 m unrealized loss on securities.
• Equity rose 3.8 % to $710 m after $25.7 m dividends and $2.0 m buybacks; shares outstanding 25.53 m.

Takeaway: Margin expansion and lower credit costs drove strong quarterly earnings; headwinds include soft fee income, mix-shift toward interest-bearing deposits and large unrealized bond losses.

Positive

• EPS up 19.6 % YoY, driven by higher net interest margin and lower credit costs.
• Net interest income +13.6 % as deposit repricing eased funding pressure.
• Deposits grew 4.7 % quarter-to-date, bolstering liquidity without heavy reliance on wholesale funding.
• Operating expenses fell 8.7 %, expanding operating leverage.
• AOCI improved $5.4 m, modestly strengthening tangible capital.

Negative

• Non-interest income fell 44 % due to absence of $9 m Visa gain, exposing earnings to NII volatility.
• Non-interest bearing deposits declined 2.7 %, shifting mix toward costlier funding sources.
• Allowance for credit losses cut $19 m; reserve ratio now 1.3 %, potentially thin if credit conditions weaken.
• Unrealized securities loss remains large at $161 m, about 23 % of equity.
• Share buybacks limited (-$2 m) despite strong capital, reducing potential EPS accretion.

Insights

Senior Bank Equity Analyst

TL;DR - Margin rebound and lower loan-loss provision lift LKFN EPS; overall positive.

Quarterly EPS jumped 20 % as funding costs eased and provisions normalized. Loan and deposit growth outpaced peers, reflecting franchise strength in Indiana markets. Operating leverage improved with expenses down 9 %. Core fee income was flat; prior-year Visa gain skews comps. Capital remains solid at ~$28 book value and active buybacks support per-share results. Outlook constructive if rate cuts are orderly.

Bank Risk Analyst

TL;DR - Credit reserve cut and large AOCI loss temper upside; impact neutral.

ACL dropped 22 % YTD, reducing coverage to ~1.3 % of loans, while non-interest-bearing deposits slipped, raising funding-cost sensitivity if rates fall. Unrealized AFS losses of $186 m (-$161 m AOCI) remain material versus equity (≈23 %). Although credit metrics appear stable, reserve release and securities duration expose earnings to downside in a stress scenario. Overall filing is informative but not materially market-moving.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	2500	1541625.27	43261810	08/06/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/06/2025	Options Granted - 05/10/2017	Issuer			2500	08/06/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Brenda Cline 5101 TENNYSON PARKWAY Plano TX 75024	Common	05/16/2025	2500	1443537.50

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How did Lakeland Financial's (LKFN) Q2 2025 earnings compare to Q2 2024?

Diluted EPS rose to $1.04 from $0.87, a 19.6 % increase, on net income of $26.97 m (+20 %).

What drove the improvement in net interest income for LKFN?

Interest expense declined 13 % as deposit repricing slowed, lifting net interest income 13.6 % to $54.9 m.

How did LKFN's deposit base change during the quarter?

Total deposits grew 4.7 % to $6.18 bn; non-interest bearing balances fell 2.7 % while interest-bearing deposits rose 6.8 %.

What is LKFN's current allowance for credit losses?

The allowance stands at $66.6 m, equivalent to roughly 1.3 % of total loans, down from $86.0 m at year-end.

How significant are unrealized bond losses for LKFN?

Available-for-sale securities show $186 m gross unrealized losses, translating to a $161 m negative AOCI balance (≈23 % of equity).

Did LKFN repurchase shares in Q2 2025?

Yes, the company bought back 30,300 shares for about $1.7 m under its repurchase program.