Lakeland Financial Corporation shares fall 1.95% intraday as climate risks threaten U.S. housing.

Lakeland Financial Corporation dropped 1.95% in intraday trading. The decline may be attributed to the broader market sentiment regarding climate risks, as a Realtor.com® report highlighted that 26% of U.S. homes are vulnerable to flooding, wildfire, or hurricane wind damage, which could lead to higher insurance premiums and affect the real estate market.