Oct. 25 at 11:14 AM
$LKFN Lakeland Financial reports Q3 EPS 91c, consensus 88c
Reports Q3 revenue
$61.2M, consensus
$61.34M. Tangible book value per share grew by
$5.47, or 25%, to
$27.07; Total risk-based capital ratio of 15.75%, compared to 15.13%; Tangible capital ratio improved to 10.47%, compared to 8.62%; Return on average equity of 13.85%, compared to 16.91%; Return on average assets of 1.39%, compared to 1.54%; Net interest margin of 3.16% versus 3.21%; Noninterest income growth of
$1.1M, or 10%. "Our long-term track record of serving our clients and communities through organic loan and deposit growth continued during the third quarter of 2024 and we are pleased with our performance for the quarter," commented David Findlay, CEO. "We continue to be encouraged by the strength of economic activity in our Indiana markets and are really well positioned to take advantage of the ongoing growth and investment we are seeing throughout our footprint."
