Lakeland Financial reports record second quarter net income of $28.4 million

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Summary · why it matters

Lakeland Financial Corporation reported record second quarter net income of $28.4 million for the three months ended June 30, 2026, a 5% increase from $27.0 million a year earlier. Diluted earnings per share rose 9% to a record $1.13, while total revenue expanded 7% to $70.9 million. Average loans grew 6% to $5.53 billion, and the net interest margin improved 7 basis points to 3.49%. The company also declared a quarterly cash dividend of $0.52 per share, up 4% from the prior year.

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