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Lakeland Financial Corporation

Financial Services US LKFN

59.105USD
0.69(1.19%)

Last update at 2026-06-04T17:57:00Z

Day Range

59.0059.56
LowHigh

52 Week Range

43.3872.66
LowHigh

Fundamentals

  • Previous Close 58.41
  • Market Cap1556.47M
  • Volume74254
  • P/E Ratio16.86
  • Dividend Yield3.14%
  • Revenue TTM242.07M
  • Revenue Per Share TTM9.45
  • Gross Profit TTM 235.37M
  • Diluted EPS TTM3.62

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 125.16M 117.44M 103.88M 107.39M 98.94M
Minority interest - - 0.09M 0.09M 0.09M
Net income 103.82M 95.73M 84.34M 87.05M 80.41M
Selling general administrative 60.53M 64.39M 54.21M 54.44M 55.12M
Selling and marketing expenses - - - - -
Gross profit 231.92M 210.13M 197.99M 189.64M 181.70M
Reconciled depreciation 6.78M 8.39M 6.81M 6.46M 6.16M
Ebit 161.84M 117.44M 103.88M 107.39M 146.64M
Ebitda 168.62M 125.83M 110.69M 113.84M 152.80M
Depreciation and amortization 6.78M 8.39M 6.81M 6.46M 6.16M
Non operating income net other - - - - -
Operating income 161.84M 117.44M 103.88M 107.39M 146.64M
Other operating expenses 6.48M -92.69000M -94.11100M -82.25200M 35.05M
Interest expense 36.68M 15.13M 30.09M 60.16M 47.70M
Tax provision 21.35M 21.71M 19.54M 20.34M 18.53M
Interest income 239.57M 193.22M 193.10M 215.21M 198.97M
Net interest income 202.89M 178.09M 163.01M 155.05M 151.27M
Extraordinary items - - - - 0.41M
Non recurring - - - - -
Other items - - - - -
Income tax expense 21.35M 21.71M 19.54M 20.34M 18.53M
Total revenue 231.92M 210.13M 197.99M 189.64M 181.70M
Total operating expenses 6.48M -92.69000M -94.11100M -82.25200M -35.05300M
Cost of revenue 5.76M - - - 54.10M
Total other income expense net -36.68000M -15.13100M -30.09500M -60.16300M -47.69900M
Discontinued operations - - - - -
Net income from continuing ops 103.82M 95.73M 84.34M 87.05M 80.41M
Net income applicable to common shares 103.82M 95.73M 84.34M 87.05M 80.41M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 6524.03M 6432.37M 6557.32M 5830.44M 4946.74M
Intangible assets 2.20M - - - 3.80M
Earning assets - - - - 664.57M
Other current assets 181.84M -1185.52800M 2995.01M 4027.79M 3550.38M
Total liab 5874.24M 5863.48M 5852.42M 5173.25M 4348.65M
Total stockholder equity 649.70M 568.80M 704.82M 657.10M 598.01M
Deferred long term liab - - - - -
Other current liab 4402.54M -3.18600M -2.61900M -5.95900M -11.60400M
Common stock 127.69M 127.00M 120.61M 114.93M 114.86M
Capital stock 127.69M 127.00M 120.61M 114.93M 114.86M
Retained earnings 692.76M 646.10M 583.13M 529.00M 475.25M
Other liab - 97.38M 39.39M 44.99M 28.12M
Good will 4.97M 4.97M 4.97M 4.97M 4.97M
Other assets - 3711.73M 2995.01M 4027.79M 3550.38M
Cash 151.82M 130.28M 683.24M 249.93M 99.38M
Cash and equivalents - - - - -
Total current liabilities 4423.43M 3.19M 2.62M 5.96M 11.60M
Current deferred revenue -50.74400M - - - -
Net debt -101.82400M 144.72M -608.24000M -164.42700M 70.62M
Short term debt 50.74M 22.00M - 170.00M 170.00M
Short long term debt - - - - -
Short long term debt total 50.00M 275.00M 75.00M 85.50M 170.00M
Other stockholder equity -15.55300M -15.38300M -15.02500M -14.58100M -4.15300M
Property plant equipment - 58.10M 59.31M 59.30M 60.15M
Total current assets 181.84M 1343.80M 2099.47M 1003.53M 723.00M
Long term investments 1181.65M 128.60M 1398.56M 5333.81M 4627.94M
Net tangible assets - 563.83M 699.85M 652.12M 593.04M
Short term investments 1051.73M 1185.53M 1398.56M 734.85M 608.23M
Net receivables 30.01M 27.99M 17.67M 18.76M 15.39M
Long term debt 50.00M 572.00M 75.00M 85.50M 170.00M
Inventory -47.13700M 0.10M 0.20M 0.32M 0.32M
Accounts payable 20.89M 3.19M 2.62M 5.96M 11.60M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - 0.09M 0.09M 0.09M 0.09M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -155.19500M -188.92300M 16.09M 27.74M 12.06M
Additional paid in capital - - - - -
Common stock total equity - 127.00M 120.61M 114.93M 114.86M
Preferred stock total equity - - - - -
Retained earnings total equity - 646.10M 583.13M 529.00M 475.25M
Treasury stock - - - - -4.15300M
Accumulated amortization - - - - -
Non currrent assets other 6175.37M -1376.83700M -1462.83700M -799.11300M -673.35700M
Deferred long term asset charges - - - - -
Non current assets total 6342.19M 1376.84M 1462.84M 799.11M 673.36M
Capital lease obligations - - - - -
Long term debt total - 572.00M 75.00M 85.50M -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -610.90100M -326.56500M -697.83900M -156.64000M -159.10200M
Change to liabilities 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Total cashflows from investing activities -626.52400M -331.54600M -712.02400M -168.69300M -166.44200M
Net borrowings 22.00M -10.50000M 85.50M -106.48300M 94.87M
Total cash from financing activities -95.77600M 651.09M 775.34M -48.88700M 102.21M
Change to operating activities 40.75M -0.37100M -7.76200M 6.53M 8.48M
Net income 103.82M 95.73M 84.34M 87.05M 80.41M
Change in cash -552.95800M 433.31M 150.55M -117.54100M 40.74M
Begin period cash flow 683.24M 249.93M 99.38M 216.92M 176.18M
End period cash flow 130.28M 683.24M 249.93M 99.38M 216.92M
Total cash from operating activities 169.34M 113.77M 87.23M 100.04M 104.97M
Issuance of capital stock 0.22M 0.12M 0.12M 0.12M 0.12M
Depreciation 6.78M 8.39M 6.81M 6.46M 6.16M
Other cashflows from investing activities -10.80200M 1.19M -8.46600M -4.05500M 0.63M
Dividends paid -40.85100M -34.65300M -30.57900M -29.65200M 25.29M
Change to inventory - - - - -4046.23400M
Change to account receivables -10.71100M -1.85200M -6.31500M -4.73300M -3.30100M
Sale purchase of stock -0.57900M -0.55900M -10.54700M -0.51500M -0.46300M
Other cashflows from financing activities 20.43M 696.69M 986.35M 87.64M 207.88M
Change to netincome 65.53M 18.04M 2.89M 12.99M 24.56M
Capital expenditures 4.82M 6.17M 5.72M 8.00M 7.97M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes -552.95800M 433.31M 150.55M -117.54100M 40.74M
Change in working capital 30.04M -2.22300M -14.07700M 1.80M 5.18M
Stock based compensation 7.81M 7.16M 1.79M 4.19M 5.61M
Other non cash items 20.90M 4.14M -5.47600M -3.91900M 0.47M
Free cash flow 164.52M 107.60M 81.51M 92.04M 97.01M

Peer Comparison

Sector: Financial Services Industry: Banks - Regional

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x)
LKFN
Lakeland Financial Corporation		 0.69 1.19% 59.10 16.86 16.75 6.30 2.33
HDB
HDFC Bank Limited ADR		 0.41 1.74% 23.96 20.81 20.96 0.11 4.77
CIHKY
China Merchants Bank Co Ltd		 0.04 0.15% 30.44 7.78 7.65 0.56 0.90 3.62
DBSDF
DBS Group Holdings Ltd		 1.22 2.50% 50.10 15.29 14.41 5.84 2.36 10.40
CIHHF
China Merchants Bank Co Ltd Class H		 - -% 5.92 6.10 5.67 0.44 0.77 3.43

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Profile

Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services in the United States. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits. Its loan products include commercial and industrial, commercial real estate and multi-family residential, construction, agri-business and agricultural, consumer 1-4 family mortgage, and other commercial and consumer loans. The company also provides retail and merchant credit card services; corporate treasury management, wealth advisory, and trust services; retail brokerage services, including various financial and investment products, such as annuities and life insurance; and mobile business banking and on-line treasury management services. It serves commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and health care industries. The company was founded in 1872 and is headquartered in Warsaw, Indiana.

Lakeland Financial Corporation

202 East Center Street, Warsaw, IN, United States, 46581-1387

Key Executives

Name Title Year Born
Mr. David M. Findlay Pres, CEO & Director 1962
Ms. Lisa M. O'Neill Exec. VP & CFO 1968
Ms. Kristin L. Pruitt Exec. VP & Chief Admin. Officer 1972
Mr. Eric H. Ottinger Exec. VP & Chief Commercial Banking Officer 1970
Mr. Michael E. Gavin Exec. VP & Chief Credit Officer 1956
Mr. Brok A. Lahrman Chief Accounting Officer & Sr. VP of Fin. 1986
Mr. Rickard James Donovan Sr. VP, Gen. Counsel & Sec. NA
Ms. Kyra E. Clark Sr. VP & Chief Human Resource Officer NA
Mr. Jonathan P. Steiner Sr. VP & Chief Wealth Advisory Officer 1962
Ms. Stephanie R. Leniski Sr. VP & Chief Retail Banking Officer NA

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