Lakeland Financial Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on October 28, 2026, reporting third-quarter net income of $28,857 thousand and nine-month net income of $83,775 thousand.

Key Highlights

  • Q3 2026 net income: $28,857 thousand, up from $26,404 thousand in Q3 2025, according to the filing.
  • Diluted EPS: $1.14 per common share for the three months ended September 30, 2026, compared to $1.03 in the prior-year period.
  • Net interest income: $60,721 thousand for Q3 2026, up from $56,073 thousand in Q3 2025.
  • Total assets: $7,207,927 thousand as of September 30, 2026, compared to $6,990,022 thousand at December 31, 2025.
  • Total loans (net): $5,611,174 thousand at September 30, 2026, up from $5,306,354 thousand at December 31, 2025.
  • Comprehensive loss: $(28,446) thousand for Q3 2026, driven by an unrealized holding loss on securities of $(73,040) thousand before tax.
  • Shares outstanding: 24,819,965 as of September 30, 2026, compared to 25,219,634 at December 31, 2025.

Lakeland Financial Q3 2026 Financial Results and Balance Sheet Changes

According to the filing, Lakeland Financial Corporation (NASDAQ:LKFN) reported net income of $28,857 thousand for the three months ended September 30, 2026, an increase from $26,404 thousand in the same quarter of 2025. For the nine months ended September 30, 2026, net income totaled $83,775 thousand, compared to $73,455 thousand for the nine months ended September 30, 2025. Diluted earnings per common share were $1.14 for Q3 2026 and $3.31 for the nine-month period, against $1.03 and $2.85, respectively, in the prior-year periods.

The filing disclosed that total interest income for Q3 2026 was $97,354 thousand, while total interest expense was $36,633 thousand, yielding net interest income of $60,721 thousand. Provision for credit losses was $1,200 thousand in Q3 2026, down from $2,000 thousand in Q3 2025. Total noninterest income was $12,274 thousand for the quarter, compared to $12,954 thousand in Q3 2025, while total noninterest expense rose to $36,121 thousand from $34,965 thousand in the prior-year period. Income tax expense for Q3 2026 was $6,817 thousand.

The balance sheet as of September 30, 2026, showed total assets of $7,207,927 thousand and total deposits of $6,294,796 thousand, up from $6,990,022 thousand and $5,973,350 thousand, respectively, at December 31, 2025. Total stockholders' equity declined to $732,005 thousand from $762,403 thousand at year-end 2025. The registrant reported accumulated other comprehensive loss of $(181,766) thousand at September 30, 2026, compared to $(127,137) thousand at December 31, 2025, reflecting an unrealized holding loss on available-for-sale securities of $(73,040) thousand arising during Q3 2026. Treasury stock stood at $(62,011) thousand, covering 1,250,761 shares, at September 30, 2026.

What Was Disclosed

Lakeland Financial filed its quarterly report for the period ended September 30, 2026, disclosing Q3 net income of $28,857 thousand, diluted EPS of $1.14, total assets of $7,207,927 thousand, and a comprehensive loss driven by unrealized securities losses of $(73,040) thousand before tax.