Lakeland Financial Corporation (LKFN) 10-Year Financial Performance & Capital Metrics

LKFN • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingMidwest Community Banks

AboutLakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services. 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, agri-business and agricultural, consumer 1-4 family mortgage, and other consumer loans. The company also offers 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. As of December 31, 2021, the company operated 51 offices in fifteen counties, including 45 offices in northern Indiana and six offices in central Indiana. Lakeland Financial Corporation was founded in 1872 and is headquartered in Warsaw, Indiana.Show more

Net Interest Income $197M -0.2%
Total Revenue $430M +9.4%
Net Income $93M -0.3%
Return on Equity 14.02% -8.9%
Net Interest Margin 2.95% -2.5%
Efficiency Ratio 29.09% -12.5%
ROA 1.42% -2.2%
Equity / Assets 10.24% +2.8%
Book Value per Share 26.54 +5.1%
Tangible BV/Share 26.35 +5.1%
Debt/Equity -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 29.1% efficiency ratio
✓11 consecutive years of dividend growth
✓Well capitalized: 10.2% equity/assets
✓Good 3Y average ROE of 15.2%
✓Healthy dividend yield of 3.2%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y11.78%

5Y11.47%

3Y21.81%

TTM-

Profit (Net Income) CAGR

10Y7.87%

5Y1.44%

3Y-0.79%

TTM-1.28%

EPS CAGR

10Y7.63%

5Y1.44%

3Y-0.99%

TTM-1.56%

ROCE

10Y Avg15.41%

5Y Avg13.82%

3Y Avg13.8%

Latest14.46%

Peer Comparison

Midwest Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFSLTFS Financial Corporation	3.97B	14.13	44.16	4.37%	11.49%	4.41%	1.15%	2.57
ASBAssociated Banc-Corp	4.43B	26.70	37.08	4.42%	5.85%	3.62%	12.08%	0.69
ASBAAssociated Banc-Corp	4.11B	24.78	30.98	-6.56%	12.92%	3.77%	13.02%	0.17
BANFBancFirst Corporation	3.81B	114.30	17.75	12.28%	23.81%	13.33%	5.89%	0.05
SYBTStock Yards Bancorp, Inc.	2.03B	68.83	17.69	15.84%	22.86%	12.99%	6.56%	0.53
PRKPark National Corporation	2.63B	163.76	17.57	14.4%	23.46%	13.22%	6.44%	0.24
NICNicolet Bankshares, Inc.	1.97B	133.08	16.53	24.6%	23.88%	11.4%	5.95%	0.14
LKFNLakeland Financial Corporation	1.52B	59.47	16.38	9.38%	21.74%	13.06%	6.18%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	105.93M	118.48M	135.89M	151.27M	155.05M	163.01M	178.09M	202.89M	197.03M	196.68M
NII Growth %	0.04%	0.12%	0.15%	0.11%	0.02%	0.05%	0.09%	0.14%	-0.03%	-0%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	122.54M	138.95M	165.7M	198.97M	215.21M	193.1M	193.22M	239.57M	343.27M	373.16M
Interest Expense	16.61M	20.47M	29.81M	47.7M	60.16M	30.09M	15.13M	36.68M	146.23M	176.48M
Loan Loss Provision	0	1.15M	3M	6.4M	3.23M	14.77M	1.08M	9.38M	5.85M	16.75M
Non-Interest Income+	23.89M	24.72M	27.81M	30.62M	34.59M	34.98M	44.72M	41.86M	49.86M	56.84M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	146.43M	163.67M	193.5M	229.59M	249.8M	228.08M	237.94M	281.43M	393.13M	430M
Revenue Growth %	0.04%	0.12%	0.18%	0.19%	0.09%	-0.09%	0.04%	0.18%	0.4%	0.09%
Non-Interest Expense	60.61M	64.83M	71.06M	76.54M	79.02M	79.34M	104.29M	110.21M	130.71M	125.08M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	69.2M	77.22M	89.63M	98.94M	107.39M	103.88M	117.44M	125.16M	110.33M	111.69M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.05%	0.12%	0.16%	0.1%	0.09%	-0.03%	0.13%	0.07%	-0.12%	0.01%
Pretax Income+	69.2M	77.22M	89.63M	98.94M	107.39M	103.88M	117.44M	125.16M	110.33M	111.69M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	22.83M	25.13M	32.3M	18.53M	20.34M	19.54M	21.71M	21.35M	16.57M	18.21M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	46.37M	52.08M	57.33M	80.41M	87.05M	84.34M	95.73M	103.82M	93.77M	93.48M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.06%	0.12%	0.1%	0.4%	0.08%	-0.03%	0.14%	0.08%	-0.1%	-0%
Net Income (Continuing)	46.37M	52.08M	57.33M	80.41M	87.05M	84.34M	95.73M	103.82M	93.77M	93.48M
EPS (Diluted)+	1.83	2.05	2.23	3.13	3.38	3.30	3.74	4.04	3.65	3.63
EPS Growth %	0.05%	0.12%	0.09%	0.4%	0.08%	-0.02%	0.13%	0.08%	-0.1%	-0.01%
EPS (Basic)	1.86	2.08	2.28	3.18	3.40	3.31	3.76	4.07	3.66	3.64
Diluted Shares Outstanding	25.25M	25.46M	25.66M	25.73M	25.76M	25.57M	25.62M	25.71M	25.72M	25.77M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	80.67M	167.28M	176.18M	216.92M	99.38M	249.93M	683.24M	130.28M	151.82M	168.21M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	3.52B	3.94B	4.31B	4.45B	4.63B	5.33B	5.63B	5.95B	6.03B	6.16B
Investments Growth %	0.1%	0.12%	0.1%	0.03%	0.04%	0.15%	0.05%	0.06%	0.01%	0.02%
Long-Term Investments	3.04B	3.43B	3.77B	3.87B	4.02B	4.6B	4.23B	4.77B	4.98B	5.73B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	4.97M	4.97M	4.97M	4.97M	4.97M	4.97M	4.97M	4.97M	4.97M	4.97M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	46.68M	52.09M	56.47M	58.1M	60.37M	59.3M	59.31M	58.1M	57.9M	60.49M
Other Assets	105.81M	116.68M	118.09M	125.61M	138.7M	163.67M	166.03M	259.11M	251.96M	259.58M
Total Current Assets	568.21M	683.16M	728.77M	817.99M	723M	1B	2.1B	1.34B	1.23B	619.5M
Total Non-Current Assets	3.2B	3.61B	3.95B	4.06B	4.22B	4.83B	4.46B	5.09B	5.29B	6.06B
Total Assets+	3.77B	4.29B	4.68B	4.88B	4.95B	5.83B	6.56B	6.43B	6.52B	6.68B
Asset Growth %	0.09%	0.14%	0.09%	0.04%	0.01%	0.18%	0.12%	-0.02%	0.01%	0.02%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%
Accounts Payable	3.77M	5.68M	6.31M	10.4M	11.6M	5.96M	2.62M	3.19M	20.89M	15.12M
Total Debt+	170.58M	441M	181.61M	446.48M	170M	85.5M	75M	297M	50M	0
Net Debt	89.91M	273.73M	5.43M	229.56M	70.62M	-164.43M	-608.24M	166.72M	-101.82M	-168.21M
Long-Term Debt	30.96M	210.96M	30.93M	200.93M	170M	85.5M	75M	275M	50M	0
Short-Term Debt	139.62M	230.04M	150.68M	245.56M	0	0	0	22M	0	0
Other Liabilities	15.61M	-161.63M	17.73M	-147.4M	33.22M	44.99M	39.39M	102.68M	82.82M	78.38M
Total Current Liabilities	3.33B	3.81B	4.17B	4.3B	4.15B	5.04B	5.74B	5.49B	5.74B	5.92B
Total Non-Current Liabilities	46.57M	49.33M	48.66M	53.53M	203.22M	130.49M	114.39M	377.68M	132.82M	78.38M
Total Liabilities	3.37B	3.86B	4.21B	4.35B	4.35B	5.17B	5.85B	5.86B	5.87B	5.99B
Total Equity+	392.9M	427.07M	468.67M	521.7M	598.1M	657.18M	704.91M	568.89M	649.79M	683.91M
Equity Growth %	0.09%	0.09%	0.1%	0.11%	0.15%	0.1%	0.07%	-0.19%	0.14%	0.05%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.12%	0.13%	0.13%	0.16%	0.16%	0.13%	0.14%	0.16%	0.15%	0.14%
Book Value per Share	15.56	16.77	18.26	20.28	23.22	25.70	27.51	22.12	25.26	26.54
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	99.12M	104.41M	108.86M	112.38M	114.86M	114.93M	120.61M	127M	127.69M	129.66M
Additional Paid-in Capital	0	0	0	0	0	0	0	0	0	0
Retained Earnings	294M	327.87M	363.79M	419.18M	475.25M	529M	583.13M	646.1M	692.76M	736.41M
Accumulated OCI	2.14M	-2.39M	-670K	-6.19M	12.06M	27.74M	16.09M	-188.92M	-155.19M	-166.5M
Treasury Stock	-2.46M	-2.91M	-3.41M	-3.76M	-4.15M	-14.58M	-15.03M	-15.38M	-15.55M	-15.75M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	55.78M	62.2M	77.24M	104.97M	100.04M	87.23M	113.77M	169.34M	113.98M	102.48M
Operating CF Growth %	0.03%	0.12%	0.24%	0.36%	-0.05%	-0.13%	0.3%	0.49%	-0.33%	-0.1%
Net Income	46.37M	52.08M	57.33M	80.41M	87.05M	84.34M	95.73M	103.82M	93.77M	93.48M
Depreciation & Amortization	4.31M	4.83M	5.72M	6.16M	6.46M	6.81M	8.39M	6.78M	6.17M	5.95M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	500K	-1.29M	5.13M	7.62M	546K	8.36M	4.71M	20.9M	6.48M	7.84M
Working Capital Changes	2.07M	2.37M	3.37M	5.18M	1.8M	-14.08M	-2.22M	30.04M	3.91M	-9.37M
Cash from Investing+	-339.11M	-442.45M	-396.05M	-166.44M	-168.69M	-712.02M	-331.55M	-626.52M	-54.93M	-164.24M
Purchase of Investments	-91.81M	-116.2M	-139.25M	-126.55M	-129.45M	-216.48M	-835M	-315.27M	-7.18M	-27.52M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	-320.6M	-397.87M	-349.84M	-101.04M	-156.17M	-595.84M	357.85M	-439.92M	-218.78M	-203.88M
Cash from Financing+	273.36M	466.86M	327.71M	102.21M	-48.89M	775.34M	651.09M	-95.78M	-37.51M	78.13M
Dividends Paid	-15.71M	-18.21M	-21.41M	-25.29M	-29.65M	-30.58M	-34.65M	-40.85M	-47.11M	-49.29M
Share Repurchases	-455K	-458K	-495K	-463K	-515K	-10.55M	-559K	-579K	-575K	-592K
Stock Issued	0	0	0	115K	118K	119K	115K	221K	405K	391K
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	-1000K	1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K
Other Financing	310.31M	395.11M	429.01M	32.98M	87.64M	900.85M	696.69M	-276.57M	256.77M	177.63M
Net Change in Cash+	-9.96M	86.61M	8.9M	40.74M	-117.54M	150.55M	433.31M	-552.96M	21.54M	16.38M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	90.64M	80.67M	167.28M	176.18M	216.92M	99.38M	249.93M	683.24M	130.28M	151.82M
Cash at End	80.67M	167.28M	176.18M	216.92M	99.38M	249.93M	683.24M	130.28M	151.82M	168.21M
Interest Paid	15.79M	18.57M	29.17M	43.61M	58.96M	35.74M	18.47M	36.11M	128.53M	185.26M
Income Taxes Paid	21.57M	21.61M	29.12M	19.03M	21.04M	19.36M	25.95M	20.58M	14.07M	23.75M
Free Cash Flow+	46.61M	52.37M	67.66M	97.01M	92.04M	81.51M	107.6M	164.52M	107.99M	93.85M
FCF Growth %	-0.03%	0.12%	0.29%	0.43%	-0.05%	-0.11%	0.32%	0.53%	-0.34%	-0.13%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.29%	12.7%	12.8%	16.24%	15.55%	13.44%	14.06%	16.3%	15.39%	14.02%
Return on Assets (ROA)	1.29%	1.29%	1.28%	1.68%	1.77%	1.57%	1.55%	1.6%	1.45%	1.42%
Net Interest Margin	2.81%	2.76%	2.9%	3.1%	3.13%	2.8%	2.72%	3.15%	3.02%	2.95%
Efficiency Ratio	41.4%	39.61%	36.73%	33.34%	31.63%	34.79%	43.83%	39.16%	33.25%	29.09%
Equity / Assets	10.43%	9.95%	10.01%	10.7%	12.09%	11.27%	10.75%	8.84%	9.96%	10.24%
Book Value / Share	15.56	16.77	18.26	20.28	23.22	25.7	27.51	22.12	25.26	26.54
NII Growth	3.54%	11.85%	14.7%	11.32%	2.5%	5.13%	9.25%	13.93%	-2.88%	-0.18%
Dividend Payout	33.85%	34.94%	37.32%	31.44%	34.05%	36.24%	36.18%	39.34%	50.22%	52.72%

Frequently Asked Questions

Valuation & Price

Lakeland Financial Corporation (LKFN) has a price-to-earnings (P/E) ratio of 16.4x. This is roughly in line with market averages.

Growth & Financials

Lakeland Financial Corporation (LKFN) grew revenue by 9.4% over the past year. This is steady growth.

Yes, Lakeland Financial Corporation (LKFN) is profitable, generating $97.6M in net income for fiscal year 2024 (21.7% net margin).

Dividend & Returns

Yes, Lakeland Financial Corporation (LKFN) pays a dividend with a yield of 3.22%. This makes it attractive for income-focused investors.

Lakeland Financial Corporation (LKFN) has a return on equity (ROE) of 14.0%. This is reasonable for most industries.

Industry Metrics

Lakeland Financial Corporation (LKFN) has a net interest margin (NIM) of 2.9%. NIM has been under pressure due to interest rate environment.

Lakeland Financial Corporation (LKFN) has an efficiency ratio of 29.1%. This is excellent, indicating strong cost control.

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Lakeland Financial Corporation (LKFN) 10-Year Financial Performance & Capital Metrics

LKFN • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingMidwest Community Banks

Net Interest Income $197M -0.2%
Total Revenue $430M +9.4%
Net Income $93M -0.3%
Return on Equity 14.02% -8.9%
Net Interest Margin 2.95% -2.5%
Efficiency Ratio 29.09% -12.5%
ROA 1.42% -2.2%
Equity / Assets 10.24% +2.8%
Book Value per Share 26.54 +5.1%
Tangible BV/Share 26.35 +5.1%
Debt/Equity -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 29.1% efficiency ratio
✓11 consecutive years of dividend growth
✓Well capitalized: 10.2% equity/assets
✓Good 3Y average ROE of 15.2%
✓Healthy dividend yield of 3.2%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y11.78%

5Y11.47%

3Y21.81%

TTM-

Profit (Net Income) CAGR

10Y7.87%

5Y1.44%

3Y-0.79%

TTM-1.28%

EPS CAGR

10Y7.63%

5Y1.44%

3Y-0.99%

TTM-1.56%

ROCE

10Y Avg15.41%

5Y Avg13.82%

3Y Avg13.8%

Latest14.46%

Peer Comparison

Midwest Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFSLTFS Financial Corporation	3.97B	14.13	44.16	4.37%	11.49%	4.41%	1.15%	2.57
ASBAssociated Banc-Corp	4.43B	26.70	37.08	4.42%	5.85%	3.62%	12.08%	0.69
ASBAAssociated Banc-Corp	4.11B	24.78	30.98	-6.56%	12.92%	3.77%	13.02%	0.17
BANFBancFirst Corporation	3.81B	114.30	17.75	12.28%	23.81%	13.33%	5.89%	0.05
SYBTStock Yards Bancorp, Inc.	2.03B	68.83	17.69	15.84%	22.86%	12.99%	6.56%	0.53
PRKPark National Corporation	2.63B	163.76	17.57	14.4%	23.46%	13.22%	6.44%	0.24
NICNicolet Bankshares, Inc.	1.97B	133.08	16.53	24.6%	23.88%	11.4%	5.95%	0.14
LKFNLakeland Financial Corporation	1.52B	59.47	16.38	9.38%	21.74%	13.06%	6.18%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	105.93M	118.48M	135.89M	151.27M	155.05M	163.01M	178.09M	202.89M	197.03M	196.68M
NII Growth %	0.04%	0.12%	0.15%	0.11%	0.02%	0.05%	0.09%	0.14%	-0.03%	-0%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	122.54M	138.95M	165.7M	198.97M	215.21M	193.1M	193.22M	239.57M	343.27M	373.16M
Interest Expense	16.61M	20.47M	29.81M	47.7M	60.16M	30.09M	15.13M	36.68M	146.23M	176.48M
Loan Loss Provision	0	1.15M	3M	6.4M	3.23M	14.77M	1.08M	9.38M	5.85M	16.75M
Non-Interest Income+	23.89M	24.72M	27.81M	30.62M	34.59M	34.98M	44.72M	41.86M	49.86M	56.84M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	146.43M	163.67M	193.5M	229.59M	249.8M	228.08M	237.94M	281.43M	393.13M	430M
Revenue Growth %	0.04%	0.12%	0.18%	0.19%	0.09%	-0.09%	0.04%	0.18%	0.4%	0.09%
Non-Interest Expense	60.61M	64.83M	71.06M	76.54M	79.02M	79.34M	104.29M	110.21M	130.71M	125.08M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	69.2M	77.22M	89.63M	98.94M	107.39M	103.88M	117.44M	125.16M	110.33M	111.69M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.05%	0.12%	0.16%	0.1%	0.09%	-0.03%	0.13%	0.07%	-0.12%	0.01%
Pretax Income+	69.2M	77.22M	89.63M	98.94M	107.39M	103.88M	117.44M	125.16M	110.33M	111.69M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	22.83M	25.13M	32.3M	18.53M	20.34M	19.54M	21.71M	21.35M	16.57M	18.21M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	46.37M	52.08M	57.33M	80.41M	87.05M	84.34M	95.73M	103.82M	93.77M	93.48M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.06%	0.12%	0.1%	0.4%	0.08%	-0.03%	0.14%	0.08%	-0.1%	-0%
Net Income (Continuing)	46.37M	52.08M	57.33M	80.41M	87.05M	84.34M	95.73M	103.82M	93.77M	93.48M
EPS (Diluted)+	1.83	2.05	2.23	3.13	3.38	3.30	3.74	4.04	3.65	3.63
EPS Growth %	0.05%	0.12%	0.09%	0.4%	0.08%	-0.02%	0.13%	0.08%	-0.1%	-0.01%
EPS (Basic)	1.86	2.08	2.28	3.18	3.40	3.31	3.76	4.07	3.66	3.64
Diluted Shares Outstanding	25.25M	25.46M	25.66M	25.73M	25.76M	25.57M	25.62M	25.71M	25.72M	25.77M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	80.67M	167.28M	176.18M	216.92M	99.38M	249.93M	683.24M	130.28M	151.82M	168.21M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	3.52B	3.94B	4.31B	4.45B	4.63B	5.33B	5.63B	5.95B	6.03B	6.16B
Investments Growth %	0.1%	0.12%	0.1%	0.03%	0.04%	0.15%	0.05%	0.06%	0.01%	0.02%
Long-Term Investments	3.04B	3.43B	3.77B	3.87B	4.02B	4.6B	4.23B	4.77B	4.98B	5.73B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	4.97M	4.97M	4.97M	4.97M	4.97M	4.97M	4.97M	4.97M	4.97M	4.97M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	46.68M	52.09M	56.47M	58.1M	60.37M	59.3M	59.31M	58.1M	57.9M	60.49M
Other Assets	105.81M	116.68M	118.09M	125.61M	138.7M	163.67M	166.03M	259.11M	251.96M	259.58M
Total Current Assets	568.21M	683.16M	728.77M	817.99M	723M	1B	2.1B	1.34B	1.23B	619.5M
Total Non-Current Assets	3.2B	3.61B	3.95B	4.06B	4.22B	4.83B	4.46B	5.09B	5.29B	6.06B
Total Assets+	3.77B	4.29B	4.68B	4.88B	4.95B	5.83B	6.56B	6.43B	6.52B	6.68B
Asset Growth %	0.09%	0.14%	0.09%	0.04%	0.01%	0.18%	0.12%	-0.02%	0.01%	0.02%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%
Accounts Payable	3.77M	5.68M	6.31M	10.4M	11.6M	5.96M	2.62M	3.19M	20.89M	15.12M
Total Debt+	170.58M	441M	181.61M	446.48M	170M	85.5M	75M	297M	50M	0
Net Debt	89.91M	273.73M	5.43M	229.56M	70.62M	-164.43M	-608.24M	166.72M	-101.82M	-168.21M
Long-Term Debt	30.96M	210.96M	30.93M	200.93M	170M	85.5M	75M	275M	50M	0
Short-Term Debt	139.62M	230.04M	150.68M	245.56M	0	0	0	22M	0	0
Other Liabilities	15.61M	-161.63M	17.73M	-147.4M	33.22M	44.99M	39.39M	102.68M	82.82M	78.38M
Total Current Liabilities	3.33B	3.81B	4.17B	4.3B	4.15B	5.04B	5.74B	5.49B	5.74B	5.92B
Total Non-Current Liabilities	46.57M	49.33M	48.66M	53.53M	203.22M	130.49M	114.39M	377.68M	132.82M	78.38M
Total Liabilities	3.37B	3.86B	4.21B	4.35B	4.35B	5.17B	5.85B	5.86B	5.87B	5.99B
Total Equity+	392.9M	427.07M	468.67M	521.7M	598.1M	657.18M	704.91M	568.89M	649.79M	683.91M
Equity Growth %	0.09%	0.09%	0.1%	0.11%	0.15%	0.1%	0.07%	-0.19%	0.14%	0.05%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.12%	0.13%	0.13%	0.16%	0.16%	0.13%	0.14%	0.16%	0.15%	0.14%
Book Value per Share	15.56	16.77	18.26	20.28	23.22	25.70	27.51	22.12	25.26	26.54
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	99.12M	104.41M	108.86M	112.38M	114.86M	114.93M	120.61M	127M	127.69M	129.66M
Additional Paid-in Capital	0	0	0	0	0	0	0	0	0	0
Retained Earnings	294M	327.87M	363.79M	419.18M	475.25M	529M	583.13M	646.1M	692.76M	736.41M
Accumulated OCI	2.14M	-2.39M	-670K	-6.19M	12.06M	27.74M	16.09M	-188.92M	-155.19M	-166.5M
Treasury Stock	-2.46M	-2.91M	-3.41M	-3.76M	-4.15M	-14.58M	-15.03M	-15.38M	-15.55M	-15.75M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	55.78M	62.2M	77.24M	104.97M	100.04M	87.23M	113.77M	169.34M	113.98M	102.48M
Operating CF Growth %	0.03%	0.12%	0.24%	0.36%	-0.05%	-0.13%	0.3%	0.49%	-0.33%	-0.1%
Net Income	46.37M	52.08M	57.33M	80.41M	87.05M	84.34M	95.73M	103.82M	93.77M	93.48M
Depreciation & Amortization	4.31M	4.83M	5.72M	6.16M	6.46M	6.81M	8.39M	6.78M	6.17M	5.95M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	500K	-1.29M	5.13M	7.62M	546K	8.36M	4.71M	20.9M	6.48M	7.84M
Working Capital Changes	2.07M	2.37M	3.37M	5.18M	1.8M	-14.08M	-2.22M	30.04M	3.91M	-9.37M
Cash from Investing+	-339.11M	-442.45M	-396.05M	-166.44M	-168.69M	-712.02M	-331.55M	-626.52M	-54.93M	-164.24M
Purchase of Investments	-91.81M	-116.2M	-139.25M	-126.55M	-129.45M	-216.48M	-835M	-315.27M	-7.18M	-27.52M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	-320.6M	-397.87M	-349.84M	-101.04M	-156.17M	-595.84M	357.85M	-439.92M	-218.78M	-203.88M
Cash from Financing+	273.36M	466.86M	327.71M	102.21M	-48.89M	775.34M	651.09M	-95.78M	-37.51M	78.13M
Dividends Paid	-15.71M	-18.21M	-21.41M	-25.29M	-29.65M	-30.58M	-34.65M	-40.85M	-47.11M	-49.29M
Share Repurchases	-455K	-458K	-495K	-463K	-515K	-10.55M	-559K	-579K	-575K	-592K
Stock Issued	0	0	0	115K	118K	119K	115K	221K	405K	391K
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	-1000K	1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K
Other Financing	310.31M	395.11M	429.01M	32.98M	87.64M	900.85M	696.69M	-276.57M	256.77M	177.63M
Net Change in Cash+	-9.96M	86.61M	8.9M	40.74M	-117.54M	150.55M	433.31M	-552.96M	21.54M	16.38M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	90.64M	80.67M	167.28M	176.18M	216.92M	99.38M	249.93M	683.24M	130.28M	151.82M
Cash at End	80.67M	167.28M	176.18M	216.92M	99.38M	249.93M	683.24M	130.28M	151.82M	168.21M
Interest Paid	15.79M	18.57M	29.17M	43.61M	58.96M	35.74M	18.47M	36.11M	128.53M	185.26M
Income Taxes Paid	21.57M	21.61M	29.12M	19.03M	21.04M	19.36M	25.95M	20.58M	14.07M	23.75M
Free Cash Flow+	46.61M	52.37M	67.66M	97.01M	92.04M	81.51M	107.6M	164.52M	107.99M	93.85M
FCF Growth %	-0.03%	0.12%	0.29%	0.43%	-0.05%	-0.11%	0.32%	0.53%	-0.34%	-0.13%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.29%	12.7%	12.8%	16.24%	15.55%	13.44%	14.06%	16.3%	15.39%	14.02%
Return on Assets (ROA)	1.29%	1.29%	1.28%	1.68%	1.77%	1.57%	1.55%	1.6%	1.45%	1.42%
Net Interest Margin	2.81%	2.76%	2.9%	3.1%	3.13%	2.8%	2.72%	3.15%	3.02%	2.95%
Efficiency Ratio	41.4%	39.61%	36.73%	33.34%	31.63%	34.79%	43.83%	39.16%	33.25%	29.09%
Equity / Assets	10.43%	9.95%	10.01%	10.7%	12.09%	11.27%	10.75%	8.84%	9.96%	10.24%
Book Value / Share	15.56	16.77	18.26	20.28	23.22	25.7	27.51	22.12	25.26	26.54
NII Growth	3.54%	11.85%	14.7%	11.32%	2.5%	5.13%	9.25%	13.93%	-2.88%	-0.18%
Dividend Payout	33.85%	34.94%	37.32%	31.44%	34.05%	36.24%	36.18%	39.34%	50.22%	52.72%

Frequently Asked Questions

Valuation & Price

Lakeland Financial Corporation (LKFN) has a price-to-earnings (P/E) ratio of 16.4x. This is roughly in line with market averages.

Growth & Financials

Lakeland Financial Corporation (LKFN) grew revenue by 9.4% over the past year. This is steady growth.

Yes, Lakeland Financial Corporation (LKFN) is profitable, generating $97.6M in net income for fiscal year 2024 (21.7% net margin).

Dividend & Returns

Yes, Lakeland Financial Corporation (LKFN) pays a dividend with a yield of 3.22%. This makes it attractive for income-focused investors.

Lakeland Financial Corporation (LKFN) has a return on equity (ROE) of 14.0%. This is reasonable for most industries.

Industry Metrics

Lakeland Financial Corporation (LKFN) has a net interest margin (NIM) of 2.9%. NIM has been under pressure due to interest rate environment.

Lakeland Financial Corporation (LKFN) has an efficiency ratio of 29.1%. This is excellent, indicating strong cost control.