Lakeland Financial (LKFN) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - Lakeland Financial reported revenue of $61.19 million for the quarter ended September 2024, reflecting a year-over-year increase of 3.3% [1] - The earnings per share (EPS) for the quarter was $0.91, down from $0.98 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate by 2.15%, while the EPS surpassed the consensus estimate by 4.60% [1] Financial Metrics - Net Interest Margin was reported at 3.2%, slightly above the two-analyst average estimate of 3.1% [1] - The Efficiency Ratio stood at 49.7%, marginally better than the two-analyst average estimate of 49.6% [1] - Total Non-Interest Income reached $11.92 million, exceeding the average estimate of $11.60 million based on two analysts [1] Stock Performance - Over the past month, shares of Lakeland Financial have returned +1.4%, matching the Zacks S&P 500 composite's +1.4% change [2] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [2]