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Lakeland Financial Corporation

Lakeland Financial Corporation

LKFN · NASDAQ · Financial Services / Banks - Regional

62.31USD+0.47 (+0.76%)

Price History

Full chart

Market Stats

Previous Close61.84
Open62.08
Day Range61.63 – 62.43
52-Week Range53.43 – 64.55
Volume128.40K
Market Cap1.46B
P/E (TTM)13.48
Forward P/E20.08
EPS4.36
Dividend Yield3.50%
Beta0.70
50-Day Avg60.97
200-Day Avg59.92

About

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. It also offers loan products, including 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. In addition, the company provides retail and merchant credit card services; corporate treasury management services, private banking, and wealth advisory; retail brokerage services comprising financial and investment products, annuities, and life insurance; and trust and fiduciary services, and estate and financial planning consulting 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.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. David M. Findlay
  • Employees695
  • Headquarters202 East Center Street, Warsaw, IN, United States, 46581-1387, USA
  • Websitehttps://www.lakecitybank.com

Leadership

  • Mr. David M. FindlayChairman & CEO · b. 1962
  • Ms. Kristin L. Pruitt J.D.President & Director · b. 1972
  • Ms. Lisa M. O'Neill CPAExecutive VP & CFO · b. 1968
  • Mr. Eric H. OttingerExecutive VP & Chief Commercial Banking Officer · b. 1970
  • Ms. Stephanie R. LeniskiExecutive VP & Chief Retail Banking Officer · b. 1975
  • Mr. Brok A. LahrmanChief Accounting Officer & Senior VP of Finance · b. 1986
  • Mr. Rickard James DonovanSenior VP, General Counsel & Secretary · b. 1968
  • Ms. Kyra E. ClarkSenior VP & Chief Human Resource Officer · b. 1979
  • Kirtus D. MurraySenior VP of Consumer & Home Loans and Retail Lending Manager
  • Mr. Donald J. Robinson-GayExecutive VP & Chief Credit Officer · b. 1978

Financials

Income Statement

Currency: USD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue19.95M26.40M29.66M60.20M74.91M81.35M90.97M90.11M79.20M78.76M76.56M98.33M123.81M137.55M141.81M138.59M141.10M140.44M135.19M132.84M141.17M146.43M163.67M193.50M229.59M249.80M228.08M237.94M281.43M343.27M430.00M421.71M
Growth (%)-+32.31%+12.34%+103.01%+24.43%+8.60%+11.82%-0.94%-12.11%-0.55%-2.79%+28.43%+25.92%+11.10%+3.10%-2.27%+1.82%-0.47%-3.74%-1.74%+6.27%+3.72%+11.77%+18.23%+18.65%+8.80%-8.69%+4.32%+18.28%+21.97%+25.27%-1.93%
Cost of Revenue15.68M21.76M23.86M28.40M36.60M38.40M46.21M41.43M25.61M20.39M18.06M32.83M55.87M67.72M65.42M57.26M54.82M43.61M29.25M17.30M14.98M16.61M21.62M32.81M54.10M63.40M44.87M16.21M46.05M49.86M193.23M164.52M
Gross Profit4.27M4.64M5.80M31.80M38.31M42.95M44.76M48.69M53.58M58.37M58.51M65.49M67.95M69.84M76.39M81.32M86.28M96.83M105.94M115.54M126.19M129.81M142.05M160.70M175.49M186.40M183.22M221.73M235.37M343.27M236.77M257.19M
Gross Margin21.40%17.56%19.55%52.83%51.14%52.79%49.20%54.03%67.66%74.11%76.42%66.61%54.88%50.77%53.87%58.68%61.15%68.95%78.37%86.98%89.39%88.66%86.79%83.05%76.44%74.62%80.33%93.19%83.64%100.00%55.06%60.99%
Operating Expense-3.88M-4.07M-4.15M20.40M26.51M30.54M31.32M33.83M34.70M37.68M36.66M38.06M39.71M42.26M47.48M53.48M49.50M51.45M53.36M57.14M59.99M60.61M64.83M71.06M76.54M79.02M79.34M104.29M110.21M232.93M125.08M131.60M
Operating Income8.15M8.71M9.95M11.40M11.80M12.40M13.44M14.86M18.89M20.69M21.85M27.44M28.23M27.58M28.91M27.85M36.78M45.38M52.58M58.40M66.19M69.20M77.22M89.63M98.94M107.39M103.88M117.44M125.16M110.33M111.69M125.58M
Operating Margin40.85%32.99%33.54%18.94%15.75%15.25%14.77%16.49%23.85%26.27%28.53%27.90%22.80%20.05%20.38%20.09%26.07%32.31%38.89%43.96%46.89%47.26%47.18%46.32%43.10%42.99%45.54%49.36%44.47%32.14%25.97%29.78%
EBITDA9.08M9.92M11.22M12.80M14.50M16.00M18.00M18.33M23.56M25.28M28.29M32.66M32.29M29.92M31.05M30.31M39.65M48.31M56.15M62.02M70.13M73.51M82.04M95.35M105.10M113.84M110.69M125.83M131.94M110.33M117.64M130.37M
EBITDA Margin45.50%37.57%37.85%21.26%19.36%19.67%19.78%20.34%29.75%32.09%36.95%33.22%26.08%21.75%21.90%21.87%28.10%34.40%41.53%46.69%49.68%50.20%50.13%49.28%45.78%45.57%48.53%52.88%46.88%32.14%27.36%30.91%
Net Income5.13M5.64M6.44M7.50M7.90M8.32M9.32M10.11M12.37M13.87M14.54M17.96M18.72M19.21M19.70M18.98M24.54M30.66M35.39M38.84M43.80M46.37M52.08M57.33M80.41M87.05M84.34M95.73M103.82M93.77M93.48M103.36M
Net Income Margin25.69%21.38%21.73%12.46%10.55%10.23%10.25%11.22%15.61%17.60%19.00%18.26%15.12%13.97%13.89%13.69%17.39%21.83%26.18%29.24%31.03%31.67%31.82%29.63%35.02%34.85%36.98%40.23%36.89%27.32%21.74%24.51%
R&D-----------------00000000-------
R&D as % of Total Revenue-----------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense14.89M21.64M23.74M28.10M36.10M37.09M45.00M39.20M22.53M18.14M16.83M30.35M53.22M63.42M55.22M36.06M30.87M29.81M26.70M17.30M14.98M16.61M20.47M29.81M47.70M60.16M30.09M15.13M36.68M146.23M176.48M152.72M
Interest Expense % of Total Revenue74.62%81.98%80.04%46.67%48.19%45.60%49.47%43.50%28.45%23.03%21.99%30.87%42.99%46.10%38.94%26.02%21.88%21.23%19.75%13.02%10.61%11.34%12.51%15.40%20.78%24.08%13.19%6.36%13.03%42.60%41.04%36.21%

Balance Sheet

Currency: USD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets496.96M568.58M656.55M796.50M978.90M1.04B1.15B1.14B1.25B1.27B1.45B1.63B1.84B1.99B2.38B2.57B2.68B2.89B3.06B3.18B3.44B3.77B4.29B4.68B4.88B4.95B5.83B6.56B6.43B6.52B6.68B6.99B
Total Liabilities467.07M531.83M614.51M748.20M923.70M985.65M1.08B1.06B1.16B1.18B1.35B1.52B1.71B1.84B2.23B2.29B2.43B2.62B2.77B2.85B3.08B3.37B3.86B4.21B4.35B4.35B5.17B5.85B5.86B5.87B5.99B6.23B
Total Equity29.89M36.75M42.04M48.30M55.20M54.19M64.97M73.53M83.88M90.02M101.77M113.33M130.19M146.27M149.88M279.99M247.00M273.29M297.83M321.88M361.30M392.81M426.98M468.58M521.62M598.01M657.18M704.91M568.89M649.79M683.82M762.40M
Cash24.15M26.89M44.88M49.80M61.50M59.32M84.68M70.22M74.15M52.30M81.14M77.39M65.25M56.28M57.15M48.96M60.14M56.91M232.24M63.10M90.64M80.67M167.28M176.18M216.92M99.38M249.93M683.24M130.28M151.82M168.21M57.14M
Total Debt65.75M94.56M111.91M109.50M157.10M211.85M211.51M243.51M80.69M119.14M118.57M108.44M218.46M347.14M323.58M425.02M220.02M187.96M167.85M292.84M191.37M170.58M441.00M181.61M446.48M170.00M96.58M75.59M869.73M50.00M6.78M184.20M
Net Debt41.61M67.67M67.03M59.70M95.60M152.53M126.83M173.29M6.54M66.84M37.42M31.06M153.21M290.86M266.43M376.06M159.88M-10.94M-186.27M229.74M100.73M89.91M273.73M5.43M229.56M70.62M-164.43M-608.24M144.72M-101.82M-168.21M127.06M

Cash Flow

Currency: USD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow10.28M8.03M7.19M8.90M6.20M15.65M15.21M6.81M21.72M25.54M23.58M26.00M20.19M33.04M29.35M24.26M45.70M51.40M50.59M62.97M54.38M55.78M62.20M77.24M104.97M100.04M87.23M113.77M169.34M113.98M102.48M114.89M
Investing Cash Flow-43.42M-68.27M-70.25M-40.50M-131.90M-75.08M-83.06M-63.50M-102.44M-73.28M-143.80M-209.55M-164.36M-211.17M-410.34M-204.37M-119.65M-176.73M-58.72M-312.52M-238.47M-339.11M-442.45M-396.05M-166.44M-168.69M-712.02M-331.55M-626.52M-54.93M-164.24M-325.42M
Financing Cash Flow44.42M62.98M81.05M36.40M137.50M61.03M93.73M46.82M88.75M18.03M166.64M162.37M181.18M126.12M377.31M172.08M78.11M169.77M135.78M80.42M211.63M273.36M466.86M327.71M102.21M-48.89M775.34M651.09M-95.78M-37.51M78.13M183.65M
Capital Expenditure2.49M3.65M3.56M5.50M4.00M3.92M2.35M1.48M2.84M3.63M1.10M1.26M2.25M4.07M5.04M1.32M3.03M6.66M2.90M7.50M6.57M9.17M9.82M9.58M7.97M8.00M5.72M6.17M4.82M5.99M8.63M11.12M
Free Cash Flow7.79M4.38M3.63M3.40M2.20M11.73M12.86M5.34M18.88M21.91M22.34M24.74M17.94M28.97M24.43M22.94M42.67M44.68M47.69M55.46M47.82M46.61M52.37M67.66M97.01M92.04M81.51M107.60M164.52M107.99M93.85M103.77M
Dividends Paid806.00K1.02M1.33M1.70M2.00M2.55M2.89M3.35M3.81M4.31M4.81M5.36M5.91M6.64M7.42M9.72M11.59M10.06M13.64M9.38M13.57M15.71M18.21M21.41M25.29M29.65M30.58M34.65M40.85M47.11M49.29M51.43M
FCF to OCF75.77%54.57%50.52%38.20%35.48%74.96%84.53%78.33%86.91%85.80%94.74%95.17%88.86%87.68%83.22%94.57%93.38%86.93%94.27%88.08%87.93%83.57%84.20%87.59%92.41%92.01%93.44%94.58%97.15%94.74%91.58%90.32%
Dividend Paid to FCF10.35%23.33%36.75%50.00%90.91%21.73%22.51%62.82%20.18%19.65%21.51%21.67%32.93%22.91%30.36%42.36%27.16%22.51%28.61%16.92%28.38%33.70%34.77%31.64%26.07%32.22%37.52%32.21%24.83%43.62%52.52%49.56%

Earnings

Report DateMar 31, 1998Jun 30, 1998Sep 30, 1998Mar 31, 1999Aug 13, 1999Nov 16, 1999Jun 21, 2000Jun 30, 2000Dec 27, 2000Mar 12, 2001Mar 31, 2001Jul 18, 2001Oct 16, 2001Jan 15, 2002Apr 15, 2002Jul 15, 2002Oct 15, 2002Jan 15, 2003Apr 15, 2003Jul 15, 2003Oct 15, 2003Jan 15, 2004Apr 15, 2004Jul 15, 2004Oct 15, 2004Jan 18, 2005Apr 15, 2005Jul 15, 2005Oct 17, 2005Jan 17, 2006Apr 17, 2006Jul 17, 2006Oct 16, 2006Jan 16, 2007Apr 16, 2007Jul 16, 2007Oct 15, 2007Jan 25, 2008Apr 25, 2008Jul 23, 2008Oct 27, 2008Jan 26, 2009Apr 27, 2009Jul 27, 2009Oct 26, 2009Jan 25, 2010Apr 26, 2010Jul 26, 2010Oct 25, 2010Jan 25, 2011Apr 25, 2011Jul 25, 2011Oct 25, 2011Jan 25, 2012Apr 25, 2012Jul 25, 2012Oct 25, 2012Jan 25, 2013Apr 25, 2013Jul 25, 2013Oct 25, 2013Jan 27, 2014Apr 25, 2014Jul 25, 2014Oct 27, 2014Jan 26, 2015Apr 27, 2015Jul 24, 2015Nov 9, 2015Jan 25, 2016Apr 25, 2016Jul 25, 2016Oct 25, 2016Jan 25, 2017Apr 25, 2017Jul 25, 2017Oct 25, 2017Jan 25, 2018Apr 25, 2018Jul 25, 2018Oct 25, 2018Jan 25, 2019Apr 25, 2019Jul 25, 2019Oct 25, 2019Jan 27, 2020Apr 27, 2020Jul 27, 2020Oct 26, 2020Jan 25, 2021Apr 26, 2021Jul 26, 2021Oct 25, 2021Jan 25, 2022Apr 25, 2022Jul 25, 2022Oct 25, 2022Jan 25, 2023Apr 25, 2023Jul 21, 2023Oct 25, 2023Jan 25, 2024Apr 25, 2024Jul 25, 2024Oct 25, 2024Jan 24, 2025Apr 25, 2025Jul 25, 2025Oct 27, 2025Jan 26, 2026Apr 27, 2026Jul 27, 2026Oct 26, 2026
EPS Estimate----0.120.120.13-0.140.14-0.130.140.140.160.160.170.170.180.190.200.190.200.200.210.220.220.230.250.250.260.520.260.260.250.270.290.260.240.260.270.240.220.150.230.200.210.240.270.280.270.290.320.350.330.340.360.370.350.370.390.410.410.440.460.470.430.460.460.470.460.480.500.520.520.550.600.610.700.750.780.790.810.810.770.770.590.500.720.810.880.860.930.960.900.961.031.131.090.910.900.890.860.850.880.900.890.971.041.061.011.071.08
EPS Actual0.120.120.110.120.120.120.130.140.140.130.120.140.160.160.160.170.160.190.200.210.200.190.190.180.220.210.220.240.240.240.250.260.250.250.250.280.230.270.280.260.280.230.210.190.240.210.210.160.270.240.250.330.350.330.390.360.380.350.370.390.390.420.410.450.460.440.440.450.460.490.490.510.530.530.570.600.620.610.710.780.800.830.840.850.830.860.670.770.890.970.900.950.940.950.921.001.111.010.940.570.980.980.880.740.910.940.781.041.031.161.041.13-
Surprise----0.00%0.00%0.00%-0.00%-7.14%-7.69%14.29%14.29%0.00%6.25%-5.88%11.76%11.11%10.53%0.00%0.00%-5.00%-10.00%4.76%-4.55%0.00%4.35%-4.00%-4.00%-3.85%-50.00%-3.85%-3.85%0.00%3.70%-20.69%3.85%16.67%0.00%3.70%-4.17%-4.55%26.67%4.35%5.00%0.00%-33.33%0.00%-14.29%-7.41%13.79%9.38%-5.71%18.18%5.88%5.56%-5.41%5.71%5.41%0.00%2.44%0.00%2.27%0.00%-6.38%2.33%-2.17%0.00%4.26%6.52%6.25%6.00%1.92%9.62%9.09%3.33%0.00%1.43%4.00%2.56%5.06%3.70%4.94%7.79%11.69%13.56%54.00%23.61%19.75%2.27%10.47%1.08%-1.04%2.22%4.17%7.77%-10.62%-13.76%-37.36%8.89%10.11%2.33%-12.94%3.41%4.44%-12.36%7.22%-0.96%9.43%2.97%5.61%-
Timing--------------Pre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap1.46B
Enterprise Value1.34B
Trailing P/E13.48
Forward P/E20.08
PEG Ratio1.44
Price / Sales5.34
Price / Book1.88
EPS4.36
Book Value31.11
Revenue (TTM)273.69M
Gross Profit (TTM)273.69M
Profit Margin40.64%
Operating Margin51.46%
Return on Equity15.00%
Return on Assets1.57%
Shares Outstanding24.86M
Shares Float24.02M
Beta0.70
Dividend Yield3.50%
Dividend Rate2.08
Payout Ratio47.25%

Analyst Ratings

Buy
Based on 5 analystsTarget 66.50
  • Strong Buy
    1
  • Buy
    1
  • Hold
    3

Ownership Breakdown

Institutions
88.20%
Insiders
2.83%
Retail / Other
8.97%

Top Institutional Holders

  • BlackRock Inc
    3.54M14.23%
  • Neuberger Berman Group LLC
    2.17M8.71%
  • State Street Corp
    1.38M5.55%
  • Vanguard Capital Management, LLC
    1.10M4.42%
  • Charles Schwab Investment Management Inc
    869.27K3.50%
  • Dimensional Fund Advisors, Inc.
    687.08K2.76%
  • Geode Capital Management, LLC
    636.79K2.56%
  • Silvercrest Asset Management Group LLC
    636.12K2.56%
  • Vanguard Portfolio Management, LLC
    573.73K2.31%
  • Neumeier Investment Counsel LLC
    478.16K1.92%
  • Two Sigma Investments LLC
    417.61K1.68%
  • American Century Companies Inc
    355.47K1.43%
  • Fuller & Thaler Asset Management Inc
    328.08K1.32%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    1.51M6.09%
  • Neuberger Genesis Inv
    1.27M5.13%
  • Vanguard MStar Total Stk Mkt Idx Invest
    757.53K3.05%
  • Schwab US Dividend Equity ETF™
    675.94K2.72%
  • FullerThaler Behavioral Sm-Cp Eq R6
    651.54K2.62%
  • iShares Russell 2000 ETF
    620.72K2.50%
  • Avantis US Small Cap Value ETF
    389.02K1.56%

Dividends

20264×
0.52Oct 23, 20260.52Jul 24, 20260.52Apr 24, 20260.52Jan 23, 2026
20254×
0.50Oct 24, 20250.50Jul 25, 20250.50Apr 25, 20250.50Jan 24, 2025
20244×
0.48Oct 25, 20240.48Jul 25, 20240.48Apr 24, 20240.48Jan 24, 2024
20234×
0.46Oct 24, 20230.46Jul 24, 20230.46Apr 24, 20230.46Jan 24, 2023
20224×
0.40Oct 24, 20220.40Jul 22, 20220.40Apr 22, 20220.40Jan 24, 2022
20214×
0.34Oct 22, 20210.34Jul 22, 20210.34Apr 22, 20210.34Jan 22, 2021

Stock Splits

  • Aug 8, 20163:2
  • May 1, 20062:1
  • May 18, 19982:1
  • May 16, 19962:1