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Lakeland Financial tops profit forecasts for the third quarter

Lakeland Financial Corp reported adjusted earnings of $1.14 per share for the quarter ended September 30, above the $1.09 analyst estimate.

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what happened

Lakeland Financial Corp reported adjusted earnings of $1.14 per share for the quarter ended September 30, up from $1.03 a year earlier. The average forecast of five analysts was $1.09, with estimates ranging from $1.07 to $1.11 per share.

Revenue rose 13.8% to $73.00 million, compared with analysts' expectation of $73.85 million. Net income for the quarter came to $28.86 million. The data was published by Earnings Summary, based on LSEG information.

why it matters

The shares have gained 1.3% this quarter and 2.3% so far this year. The mean earnings estimate fell about 0.5% over the past three months, and the average analyst rating remains hold. The median 12-month price target of $66.00 sits roughly 11.5% above the last close of $58.39. This is the fourth straight quarter the bank has beaten forecasts.

tags

EarningsStockUnited StatesIndia

instruments

Lakeland Financial Corp

sources

  1. Lakeland Financial Corp reports results for the quarter ended September 30 — Earnings Summary, 26 October 2026 at 12:01 UTC
  2. Citizens Community Bancorp Inc reports results for the quarter ended September 30 — Earnings Summary, 26 October 2026 at 13:31 UTC
  3. Medifast Inc reports results for the quarter ended September 30 — Earnings Summary, 26 October 2026 at 13:31 UTC
  4. Acumen Pharmaceuticals Inc reports results for the quarter ended September 30 — Earnings Summary, 26 October 2026 at 13:30 UTC
  5. Bank of Hawaii Corporation reports results for the quarter ended September 30 — Earnings Summary, 26 October 2026 at 13:30 UTC
  6. MakeMyTrip Limited reports results for the quarter ended September 30 — Earnings Summary, 26 October 2026 at 13:30 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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