LAKELAND FINANCIAL Business Summary

Lakeland Financial Corporation (LKFN) operates as the bank holding company for Lake City Bank, generating revenue primarily through net interest income derived from a diverse loan portfolio and non-interest income from wealth advisory, trust, and treasury management services. The company’s primary business segments include commercial banking, which focuses on real estate, manufacturing, and agricultural lending, and retail banking, which provides consumer deposit and mortgage products. As of early 2026, Lakeland Financial manages approximately $7.0 billion in assets and maintains a high-density footprint across Northern and Central Indiana with 55 branch offices. Within the regional banking landscape, LKFN competes directly with First Merchants Corporation (FRME), Horizon Bancorp (HBNC), and Old National Bancorp (ONB), positioning itself as a premium, relationship-driven community bank that leverages a technology-forward platform to maintain high efficiency and industry-leading net margins. The leadership team is anchored by Chairman and CEO David M. Findlay, who has led the company since 2014 and previously served as CFO at Quality Dining and in commercial lending at Northern Trust. President Kristin L. Pruitt, appointed in 2023, brings a legal and regulatory pedigree from Skadden, Arps, Slate, Meagher & Flom and 1st Source Bank, while EVP and CFO Lisa M. O’Neill contributes extensive financial oversight experience from her tenure at Bank First National and Arthur Andersen. Recent executive updates include the January 2026 promotion of Donald J. Robinson-Gay to EVP and Chief Credit Officer, reinforcing the firm's focus on disciplined balance sheet management. The company is overseen by a board that includes notable Indiana business leaders such as Dan Starr, CEO of Do it Best Corp., and Mindy Creighton Truex, President of Creighton Brothers Farms, both appointed in 2025 to enhance corporate governance and community engagement.