- Lakeland Financial Corporation reported a Total Revenue of **$199,192 thousand** for YTD 2025, representing a **5% year-over-year increase**.  **[0000721994_2204861:13]**  The Net Interest Margin (NIM) for Q3 2025 was **3.50%**, expanding by **8 basis points** linked quarter and **34 basis points** over the last twelve months.  **[0000721994_2204861:6]** **[0000721994_2204861:7]** 
- The company maintains a strong capital structure with a Tangible Book Value Per Share of **$34.39** for 2025 and a Total Risk-Based Capital ratio of **16.22%** as of September 30, 2025.  **[0000721994_2204861:3]** 
- Available liquidity stood at **$3.6 billion** as of September 30, 2025, with commercial loans totaling **$4.6 billion**.  **[0000721994_2204861:7]** **[0000721994_2204861:15]**

Lakeland Financial Corporation Reports Q3 2025 Results

- Lakeland Financial Corporation reported **net income of $26.4 million** for the three months ended September 30, 2025, a **13% increase** compared to $23.3 million in the prior year's third quarter. Diluted earnings per share also increased by **13% to $1.03** for Q3 2025.  **[721994_0d71467ddd3b4ec0b5b3cbfb616ec516_0]** 
- Revenue for Q3 2025 grew by **13% to $69.0 million** from $61.2 million in Q3 2024, primarily driven by a **14% increase in net interest income** to **$56.1 million**.  **[721994_0d71467ddd3b4ec0b5b3cbfb616ec516_1]** **[721994_0d71467ddd3b4ec0b5b3cbfb616ec516_7]** 
- The company's net interest margin improved by **34 basis points to 3.50%** in Q3 2025 compared to 3.16% in Q3 2024, and the common equity tier 1 capital ratio strengthened to **15.06%** from 14.49%.  **[721994_0d71467ddd3b4ec0b5b3cbfb616ec516_1]** 
- The board approved a cash dividend of **$0.50 per share** for Q3 2025, marking a **4% increase** from the $0.48 dividend paid in Q3 2024.  **[721994_0d71467ddd3b4ec0b5b3cbfb616ec516_3]**

Lakeland Financial Announces Q3 2025 Results

- Lakeland Financial Corporation reported **Net Income** of **$73,455 thousand** and **Diluted EPS** of **$2.85** for YTD 2025, representing a **6% year-over-year increase** for both metrics compared to YTD 2024.  **[721994_0000721994-25-000225_presentation20253q.htm:5]**  Total revenue for YTD 2025 increased **5%** year-over-year to **$199,192 thousand**, driven by a **13% increase** in Net Interest Income.  **[721994_0000721994-25-000225_presentation20253q.htm:5]** 
- The company maintains a strong capital position as of September 30, 2025, with a **Tier 1 Leverage Ratio of 12.48%** and a **Total Risk-Based Capital Ratio of 16.12%**, both well above regulatory thresholds.  **[721994_0000721994-25-000225_presentation20253q.htm:9]**  Asset quality remains robust, with **Nonperforming Loans/Total Loans at 0.19%** and **Nonperforming Assets/Total Assets at 0.25%** for YTD 2025.  **[721994_0000721994-25-000225_presentation20253q.htm:7]** 
- Net Interest Margin (NIM) expanded by **34 basis points** over the last twelve months, reaching **3.50%** in Q3 2025, with an **8 basis point** linked-quarter expansion.  **[721994_0000721994-25-000225_presentation20253q.htm:3]**  The cost of funds decreased to **2.37%** in Q3 2025 from a Q2 2024 peak of 2.90%.  **[721994_0000721994-25-000225_presentation20253q.htm:3]** 
- Total deposits were **$6.0 billion** as of September 30, 2025, with noninterest-bearing deposits making up **21%** of the total.  **[721994_0000721994-25-000225_presentation20253q.htm:3]**  The company's balance sheet is asset-sensitive, with **67%** of commercial loans tied to variable interest rates.  **[721994_0000721994-25-000225_presentation20253q.htm:3]**

Lakeland Financial Corporation Reports Strong Q3 2025 Financial Performance and Capital Strength

- Lakeland Financial Corporation reported **net income of $26.4 million** for the three months ended September 30, 2025, a **13% increase** compared to $23.3 million in the prior year period, with **diluted earnings per share of $1.03**, also up 13%.  **[721994_0000721994-25-000224_lkfn-20251027exhibit991.htm:0]** 
- **Revenue grew by 13% to $69.0 million** for Q3 2025, driven by a **14% increase in net interest income** to **$56.1 million** and a **34 basis point improvement in net interest margin to 3.50%** compared to Q3 2024.  **[721994_0000721994-25-000224_lkfn-20251027exhibit991.htm:0]** **[721994_0000721994-25-000224_lkfn-20251027exhibit991.htm:5]** 
- Asset quality significantly improved, with **nonaccrual loans declining 68% to $18.7 million** and **watch list loans as a percentage of total loans improving to 3.00%** from 5.27% in Q3 2024.  **[721994_0000721994-25-000224_lkfn-20251027exhibit991.htm:0]** **[721994_0000721994-25-000224_lkfn-20251027exhibit991.htm:6]** 
- **Average loans increased by 3% to $5.21 billion** for Q3 2025 compared to the prior year period.  **[721994_0000721994-25-000224_lkfn-20251027exhibit991.htm:0]** **[721994_0000721994-25-000224_lkfn-20251027exhibit991.htm:2]** 
- The company's board approved a **cash dividend of $0.50 per share** for Q3 2025, a **4% increase** from Q3 2024, supported by a common equity tier 1 capital ratio that improved to **15.06%**.  **[721994_0000721994-25-000224_lkfn-20251027exhibit991.htm:1]** **[721994_0000721994-25-000224_lkfn-20251027exhibit991.htm:0]**

LAKELAND FINANCIAL (LKFN)