LAKELAND FINANCIAL CORP Earnings Per Share Disclosure
| (dollars in thousand except share and per share data) | 2025 | 2024 | 2023 | ||||||||||||||
| Basic earnings per common share: | |||||||||||||||||
| Net income | $ | 103,361 | $ | 93,478 | $ | 93,767 | |||||||||||
| Weighted-average common shares outstanding | 25,687,159 | 25,676,543 | 25,604,751 | ||||||||||||||
| Basic earnings per common share | $ | 4.02 | $ | 3.64 | $ | 3.67 | |||||||||||
| Diluted earnings per common share: | |||||||||||||||||
| Net income | $ | 103,361 | $ | 93,478 | $ | 93,767 | |||||||||||
| Weighted-average common shares outstanding for basic earnings per common share | 25,687,159 | 25,676,543 | 25,604,751 | ||||||||||||||
| Add: Dilutive effect of assumed exercises of awards | 111,888 | 92,475 | 118,414 | ||||||||||||||
| Average shares and dilutive potential common shares | 25,799,047 | 25,769,018 | 25,723,165 | ||||||||||||||
| Diluted earnings per common share | $ | 4.01 | $ | 3.63 | $ | 3.65 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Feb 19, 2025 | |
| 2023 | Feb 21, 2024 | |
| 2022 | Feb 22, 2023 | |
| 2020 | Feb 23, 2021 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.