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Lakeland Financial (LKFN) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 28, 2026 · Lakeland Financial (LKFN) Q3 2026 earnings results →
Q3 2026 Revenue up 6% year over year to $73.0M · 40¢ of every $1 of revenue kept as net profit · operating margin 48.9%
Lakeland Financial made $73.0M in Q3 2026 (+6% Y/Y): Net interest income $60.7M, Noninterest income $12.3M. Operating margin 48.9%, net earnings $28.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.
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What changed this quarter
Revenue was $73.0M in Q3 2026, up 6% year over year and up 3% from the previous quarter. Net interest income was the largest line at 83% of revenue. Net interest income added $4.6M year over year (up 8%), 117% of the total change. Noninterest income declined 5%.
Operating profit was $35.7M, a 48.9% margin (up 2.4 points year over year). Of the extra revenue versus a year earlier, 91% reached operating profit, above the 46% margin then. Total costs grew 1% against revenue growth of 6%. Net earnings were $28.9M, up 9% year over year. The effective tax rate was 19.1%.
Operating cash flow was $41.7M (up 16% year over year), 144% of net earnings. Non-cash charges added back $1.7M of depreciation and $2.6M of share-based compensation. Working capital and other items added $8.5M. Capital expenditures of $1.6M left free cash flow of $40.1M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 28, 2026 | $73.0M | +6% | 48.9% | $28.9M | $41.7M |
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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About Lakeland Financial
Lakeland Financial Corporation ("Lakeland Financial"), an Indiana corporation incorporated in 1983, is a bank holding company headquartered in Warsaw, Indiana that provides, through its wholly owned subsidiary Lake City Bank (the "Bank") and together with Lakeland Financial (the "Company"), a broad array of financial products and services throughout its Northern and Central Indiana markets. The Company offers commercial and consumer banking services, as well as trust and wealth management, brokerage, and treasury management commercial services. The Company serves a diverse customer base, including commercial customers across a wide variety of industries including, among others, commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and health care.
In its own words, from its 10-K, filed Feb 25, 2026.
Lakeland Financial against its State Commercial Banks peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +6% against the peers' median +10%. Operating margin: 48.9% against the peers' median 34.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| LKFN Lakeland Financial | Q3 2026 | $73.0M | +6% | 48.9% |
| BNY Bank of New York Mellon | Q3 2026 | $5.7B | +12% | 38.5% |
| STT State Street | Q3 2026 | $4.0B | +13% | 34.7% |
| FITB Fifth Third Bancorp | Q3 2026 | $3.3B | +42% | 33.8% |
| MTB M&T Bank | Q3 2026 | $2.5B | +0.9% | 39.7% |
| FCNCA First Citizens Bancshares | Q3 2026 | $2.4B | 0% | 33.1% |
| ALLY Ally Financial | Q3 2026 | $2.3B | +8% | 24.3% |
| CFG Citizens Financial Group | Q3 2026 | $2.3B | +10% | 34.6% |
| NTRS Northern Trust | Q3 2026 | $2.3B | +13% | 34.7% |
Source: Lakeland Financial 10-Q on SEC EDGAR · CIK 721994 · State Commercial Banks
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Every quarter: Q3 2026 results