NASDAQ$LKFN

Lakeland Financial Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Lakeland Financial reported record second quarter net income and year-to-date record net income improved.

Lakeland Financial Corporation reported a record second quarter net income of $25.7 million, a 5% increase compared to the same period last year. Diluted earnings per share increased by 5% to $1.00. The company's pretax pre-provision earnings, a non-GAAP financial measure, also increased by 10% to $31.3 million.

  • Return on average equity of 17.65%, compared to 14.71%.
  • Return on average assets of 1.59%, compared to 1.58%.
  • Core loan growth, excluding PPP loans, of $260.0 million, or 6%.
  • Net interest margin expansion of 25 basis points to 3.26% compared to 3.01%

Headline financials

Total Revenue

$59.2M

Previous: $55M+7.6%
EPS (adj)

$1.00

Previous: $0.95+5.3%
Net Interest Margin

3.3%

Previous: 3.0%+8.3%
Capital Expenditures

-$2.31M

Previous: -$3.3M+29.8%
Free Cash Flow

$23.4M

Previous: $21.1M+11.0%
Net Income

$25.7M

Previous: $24.3M+5.4%
Operating Income

$47.1M

Previous: $43.6M+8.1%
Gross Profit

$58.4M

Previous: $54M+8.1%
Cash & Equivalents

$170M

Previous: $573M-70.4%
Total Assets

$6.27B

Previous: $6.23B+0.5%
Stock-Based Comp

$2.36M

Previous: $2.97M-20.5%

Revenue & EPS history

Lakeland Financial · Revenue · Quarterly

$59.2M

Q2 2022+7.6%vs Q2 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

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 Q2 2022

Historical avgQ2 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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