Lakeland Financial Corporation, a Indiana-based bank holding company trading on the Nasdaq Global Select Market as LKFN, filed its Form 10-Q for the quarterly period ended June 30, 2026, on August 5, 2026, disclosing net income, balance sheet changes, and income statement details for the three and six months ended June 30, 2026.

Key Highlights

  • Q2 Net Income: Net income for the three months ended June 30, 2026 was $28,440 thousand, compared to $26,966 thousand for the same period in 2025, according to the filing.
  • Diluted EPS: Diluted earnings per common share for Q2 2026 was $1.13, up from $1.04 in Q2 2025, per the filing.
  • Total Assets: Total assets as of June 30, 2026 were $7,242,959 thousand, compared to $6,990,022 thousand as of December 31, 2025, per the consolidated balance sheet.
  • Net Interest Income: Net interest income for the three months ended June 30, 2026 was $58,301 thousand, versus $54,876 thousand in Q2 2025, as reported in the filing.
  • Total Deposits: Total deposits reached $6,329,568 thousand as of June 30, 2026, up from $5,973,350 thousand at December 31, 2025, per the balance sheet.
  • Provision for Credit Losses: The provision for credit losses was $1,708 thousand in Q2 2026, compared to $3,000 thousand in Q2 2025, according to the filing.

Lakeland Financial's Q2 2026 Financial Performance and Balance Sheet Position

According to the 10-Q filing, Lakeland Financial Corporation, headquartered at 202 East Center Street, Warsaw, Indiana, operates as a bank holding company. The filing reports that total interest income for the three months ended June 30, 2026 was $95,148 thousand, compared to $94,385 thousand in the prior-year quarter. Total interest expense declined to $36,847 thousand from $39,509 thousand over the same comparison period, resulting in net interest income of $58,301 thousand for Q2 2026 versus $54,876 thousand in Q2 2025.

The filing discloses that noninterest income for Q2 2026 totaled $12,572 thousand, compared to $11,486 thousand in Q2 2025. Noninterest expense increased to $34,457 thousand from $30,432 thousand over the same period, with salaries and employee benefits rising to $20,494 thousand from $17,096 thousand year-over-year. Income before income tax expense was $34,708 thousand for Q2 2026, versus $32,930 thousand in Q2 2025, according to the consolidated statements of income.

On the balance sheet, the filing reports that net loans (after allowance for credit losses of $70,598 thousand) stood at $5,509,027 thousand as of June 30, 2026, compared to $5,306,354 thousand at December 31, 2025. Total stockholders' equity was $773,285 thousand at June 30, 2026, up from $762,403 thousand at December 31, 2025. Accumulated other comprehensive loss narrowed to $(124,463) thousand from $(127,137) thousand over that same period. The company disclosed 24,858,875 shares of common stock outstanding as of June 30, 2026, and 26,063,576 shares issued.

What Was Disclosed

The filing covers Lakeland Financial Corporation's financial condition and results of operations for the quarter and six months ended June 30, 2026, including income statement figures, balance sheet data, and changes in stockholders' equity, all presented on an unaudited basis.