Watch for analyst downgrades or estimate revisions in the coming days. The strong underlying credit quality and NIM expansion provide a floor, but near-term sentiment is negative.
Price Chart
Executive Summary
Lake City Bank reported record Q2 2026 net income of $28.4M (+5% YoY) and diluted EPS of $1.13 (+9% YoY), but EPS of $1.13 missed the consensus estimate of $1.07 by 5.6%. Revenue of $70.9M (+7% YoY) also fell short of the $72.1M consensus. The filing is bearish due to the headline miss vs consensus, despite record absolute earnings and solid underlying fundamentals.
Key Financial Metrics
Key Facts
- Record Q2 2026 net income of $28.4M, up 5% YoY from $27.0M
- Diluted EPS of $1.13, up 9% YoY from $1.04, but missed consensus of $1.07 by 5.6%
- Total revenue of $70.9M, up 7% YoY from $66.4M, but missed consensus of $72.1M
- Net interest margin improved 7 bps to 3.49% from 3.42% a year ago
- Nonaccrual loans declined to $19.9M from $30.6M a year ago
- Tangible book value per share grew 12% YoY to $30.75
- Repurchased 70,873 shares at a weighted average price of $58.20 during Q2
Financial Impact
EPS miss of $0.06 (5.6%) vs consensus; revenue miss of $1.2M (1.7%) vs consensus
Risk Factors
- EPS and revenue missed consensus estimates, likely triggering negative analyst reactions
- Efficiency ratio deteriorated to 48.6% from 45.9% a year ago, indicating rising cost pressure
- Commercial deposits contracted 6% YoY, partially offset by brokered deposit growth
- Watch list loans increased 9% on a linked quarter basis, signaling potential credit migration
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3333368 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | Press Release | $61.17 $60.71 | ▼ −0.74% | ▼ −1.30% | $60.71 (−0.74%) |
Oct 26, 2026 1d ago | 8-K | $61.17 $60.71 | ▼ −0.74% | ▼ −1.30% | $60.71 (−0.74%) |
Oct 26, 2026 1d ago | 8-K | $61.17 $60.71 | ▼ −0.74% | ▼ −1.30% | $60.71 (−0.74%) |
Oct 13, 2026 14d ago | 8-K | $56.87 $57.02 | ▲ +0.26% | ▲ +1.34% | $60.71 (+6.75%) |
Jul 27, 2026 13w ago | 8-K | $63.35 $63.70 | ▲ +0.55% | ▲ +0.31% | $60.71 (−4.17%) |
Jul 27, 2026 13w ago | 8-K | $63.35 $63.70 | ▲ +0.55% | ▲ +0.31% | $60.71 (−4.17%) |
Jul 27, 2026 13w ago | Press Release | $63.35 $63.70 | ▼ −0.55% | ▼ −0.31% | $60.71 (+4.17%) |
Jul 21, 2026 14w ago | Press Release | $62.11 $61.31 | ▼ −1.29% | ▼ −1.17% | $60.71 (−2.25%) |
May 1, 2026 25w ago | Insider Cluster | $61.38 $60.71 | ▼ −1.09% | ▼ −0.75% | $60.71 (−1.09%) |
Apr 27, 2026 26w ago | 8-K | $61.55 $61.67 | ▲ +0.20% | ▲ +0.68% | $60.71 (−1.36%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers