Lakeland Financial Reports Annual Net Income of $93.5 million, Organic Average Loan Growth of 5% and Average Deposit Growth of 4%
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Lakeland Financial Corporation reported a slight decrease in annual net income to $93.5 million for 2024, with organic average loan growth of 5% and average deposit growth of 4%.
January 24, 2025 | 12:15 pm
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Lakeland Financial Corporation's annual net income slightly decreased to $93.5 million in 2024 from $93.8 million in 2023. The company saw a 5% growth in loans and a 4% growth in deposits.
The slight decrease in net income from $93.8 million to $93.5 million is not significant enough to cause a major impact on the stock price. However, the growth in loans and deposits indicates stable business operations, which is a positive sign for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100