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Stock impact report

Lakeland Financial Corp (LKFN) Reports Decline in Annual Net Income Amidst Strong Loan Growth [Yahoo! Finance]

Lakeland Financial Corporation (LKFN) 
Last lakeland financial corporation earnings: 4/27 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Loan Growth : 9% annualized average loan growth reported. Quarterly Net Income : $29.6 million for Q4, up 14% year-over-year. Capital Ratios : Total risk-based capital ratio improved to 15.46%. Dividend : Fourth quarter cash dividend increased to $0.48 per share. Asset Quality : Nonperforming assets decreased by 6% year-over-year. Warning! GuruFocus has detected 8 Warning Signs with HZO. On January 25, 2024, Lakeland Financial Corp ( NASDAQ:LKFN ) released its 8-K filing , detailing its financial performance for the year ended December 31, 2023. The bank holding company, known for its commercial, retail, wealth advisory, and investment management services across Northern and Central Indiana, reported a decrease in annual net income by 10% to $93.8 million compared to the previous year. Despite the decline, the company experienced a 9% annualized average loan growth, showcasing its continued expansion and client relationship development. Financial Performance and Challen Show less Read more
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