Lakeland Financial Posts Record Third-Quarter Net Income, Up 9%

Lakeland Financial Corporation, parent of Lake City Bank, posted record third-quarter net income of $28.857 million, up 9% year over year, as loans expanded and its net interest margin widened. The Warsaw, Indiana-based company’s quarter ended Sept. 30, 2026, and it released the results Oct. 26. Diluted earnings per share reached $1.14, up 11% from $1.03 and a third-quarter record. Revenue increased 6% to $73.0 million from $69.0 million a year earlier. Net interest income rose to $60.721 million from $56.073 million, while noninterest income fell 5% to $12.274 million from $12.954 million.

Source: TokenPost