Lakeland Financial net income rises 6% to $73.5 million in first nine months of 2025

Reuters10-29

Lakeland Financial net income rises 6% to $73.5 million in first nine months of 2025

Lakeland Financial Corporation reported a net income of $73.5 million for the first nine months of 2025, an increase of 6.0% from $69.3 million in the same period of 2024. Diluted earnings per common share rose to $2.85 from $2.69, reflecting a 5.9% increase. Net interest income for the first nine months of 2025 was $163.8 million, up 13.0% from $145.0 million in the prior period. The provision for credit losses decreased by 9.6% to $11.8 million from $13.1 million. Noninterest income declined by 21.3% to $35.4 million from $45.0 million. Noninterest expense increased by 3.9%. For the three months ended September 30, 2025, net interest income was $56.1 million and noninterest income was $13.0 million. The company noted that its critical accounting policies include determining the allowance for credit losses.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lakeland Financial Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000721994-25-000228), on October 29, 2025, and is solely responsible for the information contained therein.

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