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AI brief of an SEC Form 8-K · Lakeland Financial (LKFN)

Lakeland Financial Q4 profit falls 18% to $24.2 million; full-year net income $93.5 million

Negative Impact 3 of 5 earnings Written later

Lakeland Financial Corporation reported fourth-quarter 2024 net income of $24.2 million, down 18% from a year earlier, with diluted earnings per share of $0.94 versus $1.16. For the full year, net income was $93.5 million versus $93.8 million in 2023, and diluted EPS was $3.63 versus $3.65, so shareholders saw slightly lower annual earnings despite higher revenue.

Key points

  • Q4 2024 net income was $24.2 million, down $5.4 million or 18% from $29.6 million; diluted EPS was $0.94 versus $1.16 a year earlier.
  • Full-year 2024 net income was $93.5 million versus $93.8 million for 2023; diluted EPS was $3.63 versus $3.65.
  • Full-year provision expense rose to $16.8 million, up 186%, mainly from a $43.3 million credit downgrade to an industrial company in Northern Indiana.
  • Board approved a $0.50 per share fourth-quarter dividend, payable February 5, 2025, to shareholders of record as of January 25, 2025.

The filing

CompanyLakeland Financial (LKFN)
Form8-K, current report
Filed with the SECJan 24, 2025, 6:59 AM ET
Accession number0000721994-25-000040

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 24, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.