NASDAQ$LKFN
Lakeland Financial Corp · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Lakeland Financial reported record quarterly net income and continued to navigate the challenging environment with strong financial results.
Lakeland Financial Corporation reported a record quarterly net income of $23.0 million for the first quarter of 2021, a 33% increase compared to the first quarter of 2020. Diluted earnings per share increased 34% to $0.90. The company reopened branch lobbies and launched Lake City Bank Digital, a next-generation digital platform.
- Net income increased by 33% compared to Q1 2020, reaching a record $23.0 million.
- Diluted earnings per share increased by 34% to $0.90 compared to Q1 2020.
- Average total loans increased by 13% to $4.57 billion compared to Q1 2020.
- Total deposits grew by 22% to $5.23 billion compared to March 31, 2020.
Headline financials
Revenue & EPS history
Lakeland Financial · Revenue · Quarterly
$56.2M
Forward guidance
Lakeland Financial is well-positioned for future growth with a strong capital base and is focusing on organic loan opportunities. The company anticipates a return to more normalized loan demand and is managing its balance sheet liquidity carefully.
Tailwinds
- Exceptional capital strength provides a strong foundation.
- Balance sheet is well-positioned for future growth.
- Focus on growing the balance sheet through organic loan opportunities.
- Strong capital position allows for consistent dividend growth.
- Excess liquidity deployed through the investment portfolio.
Headwinds
- Environment of the last year has negatively impacted overall loan growth.
- Commercial line utilization is at a historic low due to excess liquidity.
- Net interest margin decreased due to lower yields on loans and securities.
- COVID-19 pandemic continues to pose economic uncertainty.
- Potential negative impacts on borrowers from economic conditions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+0.7%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+2.5%
Avg return
30 days after
53%
35 / 66 earnings
Positive
+14.2%
Q4 2023
Best reaction
-8.1%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.5% | +2.8% | +0.9% | |
| Q4 2025 | +4.3% | +1.3% | +0.9% | |
| Q3 2025 | -5.2% | -7.8% | -5.0% | |
| Q2 2025 | -0.8% | +0.2% | +2.6% | |
| Q1 2025 | -2.0% | +2.0% | +7.4% | |
| Q4 2024 | +2.8% | +1.7% | -2.6% | |
| Q3 2024 | +2.3% | +2.5% | +15.5% | |
| Q2 2024 | +2.1% | -1.5% | -4.2% | |
| Q1 2024 | -4.6% | -6.2% | -2.5% | |
| Q4 2023 | +14.2% | +13.4% | +0.5% | |
| Q3 2023 | +5.7% | +4.1% | +18.2% | |
| Q2 2023 | +0.6% | +1.5% | +1.4% | |
| Q1 2023 | -8.1% | -9.7% | -10.2% | |
| Q4 2022 | -6.7% | -5.9% | -2.7% | |
| Q3 2022 | +6.4% | +8.0% | +1.4% | |
| Q2 2022 | +6.6% | +10.5% | +9.9% | |
| Q1 2022 | -3.1% | -4.7% | -5.8% | |
| Q4 2021 | -0.7% | -2.3% | -4.6% | |
| Q3 2021 | -4.8% | -8.0% | -5.0% | |
| Q2 2021 | +4.2% | +17.4% | +17.0% | |
| Q1 2021 | -3.2% | -5.7% | -12.1% | |
| Q4 2020 | +3.0% | -2.1% | +16.1% | |
| Q3 2020 | +2.6% | +3.9% | +10.2% | |
| Q2 2020 | -2.5% | -2.7% | +1.5% | |
| Q1 2020 | +12.3% | +8.2% | +19.5% | |
| Q4 2019 | +1.8% | -0.5% | -10.0% | |
| Q3 2019 | +2.0% | +3.1% | +3.4% | |
| Q2 2019 | +0.2% | +0.8% | -8.0% | |
| Q1 2019 | +1.6% | +1.7% | -1.8% | |
| Q4 2018 | +2.0% | +2.9% | +8.8% | |
| Q3 2018 | +7.2% | +9.5% | +15.3% | |
| Q2 2018 | +1.5% | -1.5% | +1.5% | |
| Q1 2018 | -1.3% | -3.0% | +0.7% | |
| Q4 2017 | -3.0% | -3.5% | -4.6% | |
| Q3 2017 | +0.8% | -2.1% | -1.2% | |
| Q2 2017 | +1.6% | +0.8% | -3.0% | |
| Q1 2017 | +7.1% | +2.5% | -1.8% | |
| Q4 2016 | +3.3% | -1.3% | +3.1% | |
| Q3 2016 | +5.8% | +4.6% | +24.8% | |
| Q2 2016 | +3.3% | +3.3% | +6.4% | |
| Q1 2016 | +1.9% | — | — | |
| Q4 2015 | -0.4% | — | — | |
| Q3 2015 | -3.4% | — | — | |
| Q2 2015 | -1.0% | — | — | |
| Q1 2015 | +1.7% | — | — | |
| Q4 2014 | -4.6% | — | — | |
| Q3 2014 | +2.9% | — | — | |
| Q2 2014 | +0.3% | — | — | |
| Q1 2014 | -1.8% | — | — | |
| Q4 2013 | +4.9% | — | — | |
| Q3 2013 | +2.2% | — | — | |
| Q2 2013 | +5.1% | — | — | |
| Q1 2013 | +2.9% | — | — | |
| Q4 2012 | -2.1% | — | — | |
| Q3 2012 | +1.0% | — | — | |
| Q2 2012 | -1.7% | — | — | |
| Q1 2011 | -0.9% | — | — | |
| Q1 2012 | -0.7% | — | — | |
| Q4 2011 | -1.5% | — | — | |
| Q4 2009 | -1.5% | — | — | |
| Q3 2011 | -2.9% | — | — | |
| Q3 2010 | -2.9% | — | — | |
| Q2 2011 | -3.7% | — | — | |
| Q2 2010 | -3.7% | — | — | |
| Q4 2010 | -3.7% | — | — | |
| Q1 2010 | -2.0% | — | — |
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