Lakeland Financial Corporation (LKFN), parent company of Lake City Bank, reported record second quarter net income of $28.4 million for the three months ended June 30, 2026, up 5% from $27.0 million a year earlier. Diluted earnings per share rose to $1.13 from $1.04.
Total revenue was $70.9 million, up 7% from $66.4 million in the prior-year quarter. The company also reported first-half net income of $54.9 million, up 17%, and diluted EPS of $2.17, up 19%.
- Second quarter net income was $28.4 million, compared with $27.0 million a year earlier.
- Total revenue increased 7% to $70.9 million.
- Diluted EPS rose 9% to $1.13.
- Average loans increased 6% to $5.53 billion.
- Total loans were $5.58 billion at June 30, 2026, up 7% from a year earlier.
- Net interest margin was 3.49%, compared with 3.42% in the second quarter of 2025.
- The company repurchased 70,873 shares during the quarter at a weighted average price of $58.20.
- The board approved a second quarter cash dividend of $0.52 per share, payable August 5, 2026.
