Lakeland Financial Corporation (NASDAQ:LKFN) is reporting second quarter financial results on Monday 27th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, LKFN is expected to report 2Q20 income of $ 0.54 per share from revenue of $ 49.77 million.
For the full year, analysts anticipate top line of $ 212.07 million, while looking forward to income of $ 2.74 per share bottom line.
Previous Quarter Performance
Lakeland Financial Corporation came out with income for the first quarter of $ 0.67 per share, from the revenue of $ 49.63 million. The quarterly earnings decreased 20.24 percent while revenues reduced 0.20 percent compared with the same quarter last year.
Street analysts expected Lakeland Financial Corporation to report income of $ 0.59 per share on revenue of $ 48.17 million for the first quarter. The bottom line results beat street analysts by $ 0.08 or 13.56 percent, at the same time, top line results outshined analysts by $ 1.46 million or 3.03 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of LKFN was $ 45.47, representing a 49.13 % increase from the 52 week low of $ 30.49 and a 9.06 % decrease over the 52 week high of $ 50.00.
The company has a market capital of $ 1.17 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits. Its loan products include commercial and industrial, commercial real estate and multi-family residential, agri-business and agricultural, consumer 1-4 family mortgage, and other consumer loans.
