Lakeland Financial Q1 net income rises 32% to record $26.5 million
Lakeland Financial Corporation reported record first-quarter 2026 net income of $26.5 million, up 32% from $20.1 million a year earlier, with diluted earnings per share of $1.04 compared with $0.78. Compared with the fourth quarter of 2025, net income fell 11% from $29.9 million, and the company raised its quarterly dividend to $0.52 per share.
Key points
- Net income of $26.5 million for the three months ended March 31, 2026, up $6.4 million from $20.1 million a year earlier
- Diluted EPS of $1.04, up from $0.78; down from $1.16 in the fourth quarter of 2025
- Net interest margin of 3.49%, up 9 basis points from 3.40% a year earlier
- Cash dividend of $0.52 per share, up 4% from $0.50; the company repurchased 336,853 shares for $19.2 million in the quarter
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:58 AM ET, from the text of the filing and its press-release exhibits 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 April 27, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.