Earnings of Lakeland Financial Corporation (LKFN) dipped by 22% quarter-over-quarter to $0.67 per share in the second quarter due to a surge in provision expense. Earnings will likely remain low in the remainder of the year due to elevated provision expense. LKFN has high exposure to COVID-19-sensitive industries that will drive credit costs in the year ahead. Moreover, the net interest margin is quite rate sensitive, which will pressurize earnings following the policy rate cuts in March. On the other hand, high loan growth under the Paycheck Protection Program will support earnings. Overall, I'm expecting