Continuously serving Kosciusko County since 1854
Lakeland Financial Corporation, parent company of Lake City Bank, reported record second quarter net income of $28.4 million for the three months ended June 30, which represents an increase of $1.5 million, or 5%, compared to net income of $27 million for the three months ended June 30, 2025. Diluted earnings per share of $1.13 for the second quarter of 2026 also represents a record second quarter performance and increased $0.09, or 9%, compared to $1.04 for the second quarter of 2025. On a linked quarter basis, net income increased $2 million, or 7%, from $26.5 million. Diluted earnings per share increased $0.09, or 9%, from $1.04 on a linked quarter basis.
The company further reported record performance for the first half of the year with net income of $54.9 million for the six months ended June 30 versus $47.1 million for 2025, an increase of $7.9 million, or 17%. Diluted earnings per share increased $0.35, or 19%, to $2.17 for the six months ended June 30, versus $1.82 for 2025.
Total revenue was $70.9 million for the second quarter of 2026 representing an increase of $4.5 million, or 7%, as compared to $66.4 million for the second quarter of 2025. On a linked quarter basis, revenue increased by $1.2 million, or 2%, from $69.7 million in the first quarter of 2026. Total revenue increased by $10.4 million, or 8%, to $140.6 million for six months ended June 30, as compared to $130.2 million for 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. “Our record second quarter net income reflects the continued execution of our proven organic growth strategy. It’s been a rewarding six months of 2026.”
