NASDAQ$LKFN
Lakeland Financial Corp · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Lakeland Financial reported record third quarter net income and year-to-date record net income improved.
Lakeland Financial Corporation reported a record third quarter net income of $24.1 million, an increase of 6% compared to the third quarter of 2020. Diluted earnings per share increased 6% to $0.94. The company's net income for the nine months ended September 30, 2021, was a record $71.5 million, a 20% increase compared to the same period in 2020.
- Net income increased by 6% year-over-year to $24.1 million.
- Diluted earnings per share increased by 6% year-over-year to $0.94.
- Average loan growth, excluding PPP loans, increased by 5%.
- Core deposit growth increased by 14%.
Headline financials
Revenue & EPS history
Lakeland Financial · Revenue · Quarterly
$56.9M
Forward guidance
The loan pipeline is encouraging, and the company continues to see an increase in both client and prospect in-person business development meetings that they are confident will lead to loan growth in the future.
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 Q3 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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