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Lakeland Financial posts earnings beat despite revenue shortfall
['Fiona Craig', 'July', 'Min Read']
Yahoo Finance
Revenue totaled $70.9 million, missing the expected $72.25 million.
Loan growth and higher margins support quarterly profitNet income increased 5% year over year to $28.4 million, while total revenue rose 7% from $66.4 million in the second quarter of 2025.
"During the first half of 2026, the Lake City Bank team delivered strong operating results led by healthy loan and revenue growth," stated David M. Findlay, Chairman and CEO.
Net interest income rose $3.4 million, or 6%, to $58.3 million.
Credit quality remains strongLakeland Financial reported total deposits of $6.33 billion, an increase of 2% from the prior year.