Lakeland Financial (LKFN) Q2 Earnings and Revenues Top Estimates

Company Performance - Lakeland Financial (LKFN) reported quarterly earnings of $1.04 per share, exceeding the Zacks Consensus Estimate of $0.93 per share, and up from $0.74 per share a year ago, representing an earnings surprise of +11.83% [1] - The company posted revenues of $66.36 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.25%, but down from $68.74 million year-over-year [2] - Over the last four quarters, Lakeland Financial has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Performance and Outlook - Lakeland Financial shares have declined approximately 6.5% since the beginning of the year, while the S&P 500 has gained 8.2% [3] - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $0.98 for the coming quarter and $3.76 for the current fiscal year, with revenues expected to be $67.8 million and $265.5 million respectively [7] Industry Context - The Zacks Industry Rank for Banks - Midwest, which includes Lakeland Financial, is currently in the top 22% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Lakeland Financial's stock performance [5]