莱克兰金融 2026年季度报告

Washington, D.C. 20549 FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch31, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 LAKELAND FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) (574)267‑6144(Registrant’s Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registeredThe NASDAQ Stock Market LLC (Nasdaq Global Select Market) LKFN Common stock, No par value Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of ‘‘large accelerated filer,’’ ‘‘accelerated filer,’’ ‘‘smaller reportingcompany,’’ and ‘‘emerging growth company’’ in Rule12b–2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ Number of shares of common stock outstanding at April 23, 2026:24,913,586 TABLE OF CONTENTS PagePART I. FINANCIAL INFORMATIONItem 1.Financial StatementsConsolidated Balance Sheets —March 31, 2026 and December 31, 20251Consolidated Statements of Income — three months ended March 31, 2026 and 20252Consolidated Statements of Comprehensive Income — three months ended March 31, 2026 and 20253Consolidated Statements of Changes in Stockholders’ Equity — three months ended March 31, 2026 and 20254Consolidated Statements of Cash Flows — three months ended March 31, 2026 and 20255Notes to the Consolidated Financial Statements6Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations37Item 3.Quantitative and Qualitative Disclosures About Market Risk50Item 4.Controls and Procedures50PART II. OTHER INFORMATIONItem 1.Legal Proceedings51Item 1A.Risk Factors51Item 2.Unregistered Sales of Equity Securities and Use of Proceeds51Item 3.Defaults Upon Senior Securities51Item 4.Mine Safety Disclosures51Item 5.Other Information52Item 6.Exhibits52SIGNATURES53 NOTE1.BASISOFPRESENTATION This report is filed for Lakeland Financial Corporation (the "Company"), which has one wholly owned subsidiary, Lake CityBank (the "Bank"). Also included in this report are results for the Bank’s wholly owned subsidiary, LCB Investments II,Inc. ("LCBInvestments"), which manages the Bank’s investment securities portfolio. LCB Investments II, Inc. owns LCB Funding,Inc. ("LCBFunding"), a real estate investment trust. All significant inter-company balances and transactions have been eliminated inconsolidation. The unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accountingprinciples ("GAAP") for interim financial information and with the instructions for Form10-Q. Accordingly, they do not include all ofthe information and footnotes required by GAAP for complete financial statements and are unaudited. In the opinion of management,all adjustments (all of which are normal and recurring in nature) considered necessary for a fair presentation have been included.Operating results for the three months ended March31, 2026 are not necessarily indicative of the results that may be expected for anysubsequent reporting periods, including theyear ending December31, 2026. The Company’s 2025 Annual Report on Form10-Kshould be read in conjunction with these statements. Operating Segments All of the Company's financial results are similar and considered by management to be aggregated into one reportablesegment. While the Company has assigned certain management responsibilities by region and business-line, the Company's ChiefOperating Decision Maker ("CODM") evaluates financial performance on a Company-wide basis. The majority of the Company'srevenue is from the business of banking and the Company's assig