Regional banking company Lakeland Financial (NASDAQGS:LKFN) will be announcing earnings results this Monday morning. Here’s what to look for.
Lake City Bank met analysts’ revenue expectations last quarter, reporting revenues of $66.36 million, down 3.5% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a miss of analysts’ net interest income estimates.
Is Lake City Bank a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Lake City Bank’s revenue to grow 9.4% year on year to $68.18 million, improving from the 2.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.04 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Lake City Bank has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 2,480% on average.
Looking at Lake City Bank’s peers in the regional banks segment, some have already reported their Q3 results, giving us a hint as to what we can expect. SouthState delivered year-on-year revenue growth of 63.9%, beating analysts’ expectations by 6.5%, and Atlantic Union Bankshares reported revenues up 75%, topping estimates by 1.6%. SouthState traded down 4.3% following the results while Atlantic Union Bankshares’s stock price was unchanged.
Read our full analysis of SouthState’s results here and Atlantic Union Bankshares’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the regional banks stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.7% on average over the last month. Lake City Bank is down 6% during the same time and is heading into earnings with an average analyst price target of $70.60 (compared to the current share price of $61.85).
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