Lakeland Financial reports Q1 EPS $1.04, consensus $1.01

Reports Q1 tangible book value per share $29.69. Reports Q1 CET1 capital ratio 14.45%. Reports Q1 net charge-offs .16%. “We started 2026 with robust, record net income for the second consecutive quarter and high single-digit revenue growth on a year-over-year basis,” noted David Findlay, chairman and CEO. “Our record profitability in the first quarter was driven by healthy loan growth, strong net interest margin expansion, and across-the-board growth in fee based revenue. We entered 2026 with a focus of expanding existing client relationships and increasing market share growth opportunities and the Lake City Bank team delivered great results on the revenue generating front. It was a terrific start to 2026.”