Lakeland Financial Corporation, trading under the symbol NASDAQ:LKFN, is the parent company of Lake City Bank. It operates within the Zacks Banks - Midwest industry, providing a range of financial services. The company has shown consistent financial performance, often surpassing market expectations. Its competitors include other regional banks in the Midwest, which also strive to deliver strong financial results.
On October 27, 2025, LKFN reported earnings per share (EPS) of $1.03, aligning with the estimated EPS. However, the company's actual revenue of $69.03 million fell short of the estimated $69.7 million. Despite this, the company's performance for the quarter ending September 2025 was strong, with a reported revenue, marking a 12.8% increase from the previous year.
The company's EPS for the quarter was $1.03, surpassing the Zacks Consensus Estimate of $1.02 by 0.98%. This improvement from the previous year's $0.91 per share highlights Lakeland Financial's growth. The company has consistently exceeded consensus EPS estimates in three of the last four quarters, demonstrating its ability to deliver strong financial results.
Lakeland Financial's net income for the third quarter of 2025 was $26.4 million, a 13% increase from the previous year. However, compared to the previous quarter, net income decreased by 2%, or $562,000. Despite this slight decline, the company's overall financial performance remains strong, with a 6% increase in net income for the nine months ending September 30, 2025.
