Lakeland Financial Corporation reports developments for Lake City Bank, its single bank subsidiary serving Central and Northern Indiana. Recurring news includes quarterly and annual earnings, net interest income, loan growth, deposit trends, margin performance, capital levels, dividends and other common-stock actions tied to the company’s community banking model.
Company updates also cover Lake City Bank’s commercial and consumer banking services, trust and wealth management, treasury management, branch expansion, digital banking capabilities and technology investments. News may include customer-facing partnerships such as SpendSave, community banking initiatives, and leadership or industry association matters involving the bank’s role in Indiana financial services.
Lake City Bank (NASDAQ:LKFN) partnered with Spiral to add a branded Roundup Center called Lake City Bank SpendSave, enabling customers to round up debit card purchases and direct spare change to savings or charitable causes.
The program includes split allocations between savings and donations, support for local and national nonprofits, real-time impact tracking, and tax-deductible donation receipts. Lake City Bank and Spiral say the integration aims to enhance financial wellness, enrich digital banking experiences, and help grow deposits through personalized roundups.
Lakeland Financial (Nasdaq: LKFN) reported Q3 2025 net income of $26.4 million, up 13% year-over-year, with diluted EPS of $1.03 (+13% YoY). Net interest income rose 14% and net interest margin expanded 34 basis points to 3.50%. Average loans were about $5.21 billion and total loans outstanding were $5.25 billion. Total deposits increased 3% YoY to $6.02 billion with core deposits representing 97% of the mix. Capital ratios strengthened: CET1 15.06% and total risk-based capital 16.22%. The board approved a $0.50 quarterly cash dividend payable Nov 5, 2025 (4% increase YoY). Unrealized available-for-sale securities losses were $159.9 million.
Lake City Bank (NASDAQ:LKFN) has announced a $12 million investment in its Innovation and Technology Center as part of its Downtown Warsaw Headquarters Campus expansion. The 35,600 square foot office building, purchased in 2024, will undergo complete renovation with completion expected by summer 2026.
The facility will serve as a central hub for the bank's Technology Services, Information Security, Application Management, and Project Management teams, with capacity for 110 employees, up from the current 40 team members. This investment adds to Lake City Bank's significant presence in Warsaw, where it currently employs 283 team members downtown, making it the largest downtown employer.
The project continues Lake City Bank's substantial investment in the region, following $23 million invested in Downtown Warsaw and $31 million countywide since 2010. The bank, founded in 1872, manages $7.0 billion in assets and operates 55 branch offices across Central and Northern Indiana.
Lake City Bank (NASDAQ:LKFN) has expanded its presence in the Indianapolis market with the opening of its newest branch in downtown Westfield, Indiana on September 2, 2025. The full-service office, located at 170 Jersey St., represents the bank's 55th overall branch and 9th location in the Indianapolis Region.
The new branch is strategically positioned within The Union at Grand Junction development, where Lake City Bank also serves as a financing partner. The development features a mix of apartments, retail space, offices, restaurants, and public parking. Stacy R. Oswald, Vice President and Retail Banking Officer with 23 years of industry experience, will manage the Westfield location.
Lake City Bank, founded in 1872, is a $7 billion financial institution headquartered in Warsaw, Indiana, operating under Lakeland Financial Corporation.
[ "Strategic expansion with 9th branch in the Indianapolis market", "Bank serves as financing partner for The Union at Grand Junction development", "Location in a vibrant mixed-use development with strong economic momentum", "Experienced management with local community ties" ]Lakeland Financial Corporation (NASDAQ:LKFN) reported record Q2 2025 performance with net income of $27.0 million, a 20% increase from Q2 2024. The company achieved diluted EPS of $1.04, up 20% year-over-year.
Key financial highlights include: net interest margin improvement to 3.42%, 14% growth in net interest income, and core deposits growth of $423.9 million (8%) to $6.03 billion. The company's loan portfolio expanded by $194.8 million (4%) to $5.23 billion, while maintaining strong capital ratios with a total risk-based capital ratio of 15.86%.
The board approved a quarterly cash dividend of $0.50 per share, representing a 4% increase from Q2 2024. The company also repurchased 30,300 shares for $1.7 million during the quarter.
Lake City Bank (NASDAQ:LKFN) announced that Chairman and CEO David M. Findlay has been named to the Indianapolis Business Journal's Indiana 250 list for the fourth consecutive year. The recognition highlights influential leaders across business, philanthropy, arts, government, and non-profits in Indiana.
Findlay, who has served in various leadership roles at Lake City Bank since 2000, currently leads the $6.9 billion bank headquartered in Warsaw, Indiana. The bank operates 54 branch offices throughout Central and Northern Indiana, focusing on community banking and technology-forward solutions.
Lake City Bank (NASDAQ:LKFN) has announced the acquisition of a property at 6388 Mills Drive in Whitestown, Indiana, which will be converted into a full-service branch expected to open in 2026. This expansion marks the bank's first presence in Boone County and will be its 10th office in the Indianapolis Region since entering the market in 2011.
The property, previously housing restaurants, will undergo renovations to become a modern banking facility featuring a full-service lobby, drive-up banking, and an ATM. The strategic location near Interstate 65 positions the bank to serve both residential and business customers in the growing Whitestown community. Lake City Bank, a $6.9 billion institution headquartered in Warsaw, Indiana, currently operates 54 branch offices across Central and Northern Indiana.
Lakeland Financial Corporation (NASDAQ: LKFN) and Lake City Bank have appointed two new members to their Boards of Directors: Dan Starr, CEO of Do it Best Corp., and Mindy Creighton Truex, President of Creighton Brothers Farms LLC.
Starr brings extensive experience as CEO of Do it Best Corp., a Fort Wayne-based hardware and building materials cooperative with global presence. He previously served as a partner at Barnes & Thornburg LLP and currently chairs the Parkview Health Board of Directors.
Creighton Truex, a sixth-generation Kosciusko County farmer, leads Creighton Brothers Farms and has significant experience in agricultural advocacy, serving on various boards including the American Egg Board and United Egg Producers.
Lake City Bank, founded in 1872, operates 54 branch offices across Central and Northern Indiana with $6.9 billion in assets.
Lakeland Financial (LKFN) reported Q1 2025 net income of $20.1 million, down 14% from $23.4 million in Q1 2024. Net interest income increased 12% with a net interest margin of 3.40%, up 25 basis points year-over-year.
Key highlights include:
- Diluted EPS decreased to $0.78 from $0.91 year-over-year
- Average loans grew 4% to $5.19 billion
- Core deposits increased 7% to $5.83 billion
- Tangible book value per share grew 7% to $26.85
The company announced a quarterly dividend of $0.50 per share, a 4% increase from Q1 2024, and reauthorized a share repurchase program with $30.0 million remaining capacity through April 2027. The bank maintains strong capital levels with total capital at 15.77% of risk-weighted assets.