Lakeland Financial Reports First Quarter Net Income of $23.4 Million and 5% Annualized Average Loan Growth [Yahoo! Finance]
Lakeland Financial Corporation (LKFN)
Last lakeland financial corporation earnings: 4/27 08:00 am
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US:NASDAQ Investor Relations:
lakecitybank.com/lakeland-financial-corporation-present-keefe-bruyette-woods-2016-community-bank-investor-conference
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Source: Yahoo! Finance
reported net income of $23.4 million for the three months ended March 31, 2024, which represents a decrease of $877,000, or 4%, compared with net income of $24.3 million for the three months ended March 31, 2023. Diluted earnings per share were $0.91 for the first quarter of 2024 and decreased 3% compared to $0.94 for the first quarter of 2023. On a linked quarter basis, net income decreased $6.2 million, or 21%, from fourth quarter 2023 net income of $29.6 million. Diluted earnings per share decreased from $1.16, or 22%. Net income for the first quarter of 2024 benefited from the recognition of $1.0 million in additional insurance recoveries associated with the wire fraud loss that occurred during the second quarter of 2023. This created an after-tax benefit of $0.03 diluted earnings per common share for the first quarter of 2024. This recovery was in addition to insurance and loss recoveries of $6.3 million, or $0.18 diluted earnings per common share, that were recorded during the
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News
- Lakeland Financial First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Lakeland Financial Reports First Quarter Net Income of $23.4 Million and 5% Annualized Average Loan GrowthGlobeNewswire
- Lakeland Financial Corporation (NASDAQ:LKFN) Goes Ex-Dividend Soon [Yahoo! Finance]Yahoo! Finance
- Lakeland Financial (NASDAQ:LKFN) Will Pay A Dividend Of $0.48 [Yahoo! Finance]Yahoo! Finance
- Lakeland Financial Corporation (NASDAQ:LKFN) is a favorite amongst institutional investors who own 83% [Yahoo! Finance]Yahoo! Finance
LKFN
Earnings
- 4/26/24 - Beat
LKFN
Sec Filings
- 5/1/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/25/24 - Form 8-K
- LKFN's page on the SEC website